Asia300

Agricultural Bank of China

China

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Mar 24, 2017
Prev close: 3.59
Mar 24, 2017
Market cap:
Market cap(USD):
1,188.01B
152,948M
Shares: 324,794M

Currency in HKD

Company profile

Market(Ticker): HKG(1288)
Sector:
Industry:
Finance
Regional Banks
Full time employees: 503,082

Business summary

Agricultural Bank of China engages in the provision of international commercial banking and financial services. The company operates its business through the following segments: Corporate Banking, Personal Banking, Treasury Operations and Others & Unallocated. The Corporate Banking segment provides financial products and services to corporations, government agencies and financial institutions. Its products and services include corporate loans and advances, trade finance, deposit products and other types of corporate intermediary services. The Personal Banking segment provides financial products and services to individual customers. Its products and services includes personal loans, deposit products, card business, personal wealth management services and other types of personal intermediary services. The Treasury Operations segment conducts money market or repurchases transactions, debt instrument investments, and holding of derivative positions. The Others & Unallocated segment deals with primarily equity investments. Agricultural Bank of China was founded on July 10, 1951 and is headquartered in Beijing, China.

Company background

Agricultural Bank of China (ABC) was established as Agricultural Cooperative Bank in 1951, soon after the Chinese Revolution. The agricultural bank was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange in July 2010.

The bank was established to support agriculture. It has 23,612 branches nationwide as of the end of 2014, the largest of the four major state-run banks. Many of its branches are in rural areas. It has abundant funding. The bank today also handles loans to nonagricultural businesses and individuals. It is one of the four major state-controlled banks.

The bank is trying to expand its overseas branch network as it lags behind its three government-run competitors in terms of international operations.

Liu Shiyu was appointed as chairman of the bank in December 2014 after assuming the deputy governor of the People's Bank of China.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 1,021.91B
Gross profit --
Operating income 289,516.41M
Income before tax 284,757.64M
Net income 219,784.05M
EBITDA --
Diluted EPS 0.67
Dividends per share 0.19
Total assets 21,234.13B
Total liabilities 19,778.99B
Total equity 1,444.25B
Operating cash flow 1,164.50B

Currency in HKD

Revenue 131,816.26M
Gross profit --
Operating income 37,344.55M
Income before tax 36,730.72M
Net income 28,349.81M
EBITDA --
Diluted EPS 0.08
Dividends per share 0.02
Total assets 2,739.83B
Total liabilities 2,552.07B
Total equity 186,351.31M
Operating cash flow 150,208.60M

Currency in USD

Valuation measures

Dec 2015

PER 4.67
ROA 1.06%
ROE 16.08%
Operating margin 28.33%
Profit margin 21.50%

Key executive

  • President & Executive Director: Huan Zhao
  • Executive Vice President: Chao Gong
  • Executive Vice President: Wei Wang
  • Executive Director & Executive Vice President: Wen Long Lou
  • Executive Vice President: Kang Yi

Share holders

  • Qatar Investment Authority (Investment Management)(10.9%)
  • Standard Chartered Plc(3.9%)
  • The Vanguard Group, Inc.(2.7%)
  • BlackRock Fund Advisors(1.9%)
  • JPMorgan Whitefriars (UK)(1.7%)
  • Hang Seng Investment Management Ltd.(1.2%)
  • BlackRock Advisors (UK) Ltd.(1.0%)
  • Dimensional Fund Advisors LP(0.9%)
  • APG Asset Management NV(0.7%)
  • FIL Investment Management (Hong Kong) Ltd.(0.6%)

Address

  • Website: http://www.abchina.com
  • Address: 69, Jianguomen Nei Avenue, Dongcheng District, Beijing, 100005, China
  • Phone: +86.10.8510.9619

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