ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Finance

Agricultural Bank of 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.

Business Summary

Agricultural Bank of China engages in the provision of international commercial banking and financial services. It operates 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. The Personal Banking segment provides financial products and services to individual customers. 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. The company was founded on July 10, 1951 and is headquartered in Beijing, China.

Financial Highlights

Dec 2021 HKDUSD
Revenue1,407.63B181,097.24M
Gross Profit----
Operating income358,914.23M46,175.44M
Income before tax356,104.88M45,814.01M
Net income290,676.39M37,396.43M
EBITDA----
Diluted EPS0.640.08
Dividends Per Share0.240.03
Total Assets35,559.29B4,561.04B
Total liabilities32,939.81B4,225.05B
Total equity2,611.22B334,930.93M
Operating cash flow592,786.62M76,263.86M
Currency in HKDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 948,314.80M 1,090.62B 1,147.93B 1,191.05B 1,407.63B
Gross Profit -- -- -- -- --
Operating income 273,821.23M 300,298.14M 298,415.06M 308,495.40M 358,914.23M
Income before tax 276,122.80M 298,122.30M 302,223.89M 297,252.85M 356,104.88M
Net income 222,501.95M 240,187.11M 240,501.41M 242,633.49M 290,676.39M
EBITDA -- -- -- -- --
Diluted EPS 0.58 0.58 0.59 0.58 0.64
Dividends Per Share 0.22 0.19 0.19 0.22 0.24
Total Assets 25,273.43B 25,782.87B 27,827.84B 32,255.39B 35,559.29B
Total liabilities 23,557.52B 23,873.01B 25,776.48B 29,918.77B 32,939.81B
Total equity 1,712.33B 1,904.73B 2,045.20B 2,329.56B 2,611.22B
Operating cash flow 436,241.59M 99,704.95M -62,733.92M 837,896.56M 592,786.62M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 121,690.88M 139,153.90M 146,510.17M 153,565.48M 181,097.24M
Gross Profit -- -- -- -- --
Operating income 35,137.64M 38,315.33M 38,086.47M 39,775.09M 46,175.44M
Income before tax 35,432.98M 38,037.71M 38,572.59M 38,325.55M 45,814.01M
Net income 28,552.18M 30,645.70M 30,695.00M 31,283.34M 37,396.43M
EBITDA -- -- -- -- --
Diluted EPS 0.07 0.07 0.07 0.07 0.08
Dividends Per Share 0.02 0.02 0.02 0.02 0.03
Total Assets 3,233.01B 3,293.10B 3,571.42B 4,159.92B 4,561.04B
Total liabilities 3,013.51B 3,049.16B 3,308.15B 3,858.57B 4,225.05B
Total equity 219,044.06M 243,280.95M 262,481.58M 300,439.31M 334,930.93M
Operating cash flow 55,979.96M 12,721.45M -8,006.68M 108,032.11M 76,263.86M

Valuation Measures

Dec 2021
PER3.37
ROA0.85%
ROE11.76%
Operating margin25.49%
Profit margin20.64%

Key executives

  • Vice Chairman & President: Qing Song Zhang
  • Executive Director & Executive Vice President: Xu Guang Zhang
  • Executive Vice President: Han Xu
  • Executive Director & Executive Vice President: Li Lin
  • Executive Vice President: Yi Zhang

Shareholders

  • China Taiping Insurance Holdings Co., Ltd. (5.0%)
  • China Life Insurance Co. Ltd. (4.1%)
  • The Vanguard Group, Inc. (2.9%)
  • BlackRock Fund Advisors (2.9%)
  • Norges Bank Investment Management (1.3%)
  • APG Asset Management NV (0.9%)
  • BlackRock Advisors (UK) Ltd. (0.8%)
  • Dimensional Fund Advisors LP (0.8%)
  • Government of China (0.6%)
  • FIL Investment Management (Hong Kong) Ltd. (0.6%)

Contact Details

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

Related Companies

  • Agricultural Bank of China Ltd. (New York)
  • Agricultural Bank of China Ltd. (London Branch)
  • Agricultural Bank of China Co., Ltd. (Shanghai Chuansha)
  • Jinan Heping Sub-Branch of Agricultural Bank of China
  • Agricultural Bank of China Wealth Management Co., Ltd.
  • Agricultural Bank of China Ltd. Shanghai Pilot Free Trade
  • ABC International Bank of China
  • Agricultural Bank of China Co., Ltd. /Hangzhou Zhongshan
  • Agricultural Bank of China Co., Ltd. /Nanjing Chengbei Branch/
  • Agricultural Bank of China Tianjin Training College
  • Agricultural Bank, Longwan Branch
  • Agricultural Bank of China Asset Management Co., Ltd.
  • ABCI Insurance Co. Ltd. (DSG)
  • Agricultural Bank of China /Xianning Branch/
  • Agricultural Bank of China (Jingzhou Branch)
  • Agricultural Bank of China /Yangquan/
  • Agricultural Bank of China /Shanxi/
  • Agricultural Bank of China ( Zhuhai )
  • ABC Hexigten Rural Bank Ltd.
  • ABC Hubei Hanchuan Rural Bank Ltd.
  • ABC Jixi Rural Bank Ltd.
  • ABC Ansai Rural Bank Ltd.
  • ABC Zhejiang Yongkang Rural Bank Ltd.
  • ABC Xiamen Tong'an Rural Bank Ltd.
  • Agricultural Bank of China Ltd. /Neijiang Branch/
  • Agricultural Bank of China Ltd. /Luzhou Branch/
  • Agricultural Bank of China (Macau Branch)
  • Agricultural Bank of China (Tonghua)
  • Agricultural Bank of China (Jilin)
  • Agricultural Bank of China /Nanyang Branch/

Competitors

    Last Updated on 18 Aug, 2022

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more