Asia300

Agricultural Bank of China

China

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May 26, 2017
Prev close: 3.75
May 26, 2017
Market cap:
Market cap(USD):
1,287.83B
165,223M
Shares: 324,794M

Currency in HKD

Company profile

Market(Ticker): HKG(1288)
Sector:
Industry:
Finance
Regional Banks
Full time employees: 496,698

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 2016

  • Local currency
  • US Dollar
Revenue 889,046.14M
Gross profit --
Operating income 269,084.44M
Income before tax 264,791.67M
Net income 214,920.06M
EBITDA --
Diluted EPS 0.64
Dividends per share 0.19
Total assets 21,833.17B
Total liabilities 20,358.74B
Total equity 1,470.63B
Operating cash flow 1,003.22B

Currency in HKD

Revenue 114,531.53M
Gross profit --
Operating income 34,664.85M
Income before tax 34,111.83M
Net income 27,687.11M
EBITDA --
Diluted EPS 0.08
Dividends per share 0.02
Total assets 2,816.03B
Total liabilities 2,625.86B
Total equity 189,681.70M
Operating cash flow 129,240.52M

Currency in USD

Valuation measures

Dec 2016

PER 4.94
ROA 0.99%
ROE 14.74%
Operating margin 30.26%
Profit margin 24.17%

Key executive

  • President & Executive Director: Huan Zhao
  • Executive Vice President: Chao Gong
  • Executive Vice President: Wei Wang
  • Executive Vice President: Kang Yi
  • Secretary & Team Leader-Investor Relations: Ke Qiu Zhang

Share holders

  • Qatar Investment Authority (Investment Management)(7.8%)
  • Standard Chartered Plc(3.9%)
  • The Vanguard Group, Inc.(2.8%)
  • BlackRock Fund Advisors(1.9%)
  • JPMorgan Whitefriars (UK)(1.7%)
  • Hang Seng Investment Management Ltd.(1.3%)
  • BlackRock Advisors (UK) Ltd.(1.0%)
  • Dimensional Fund Advisors LP(0.9%)
  • APG Asset Management NV(0.8%)
  • 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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