Agricultural Bank Of China Limited(601288.SH)

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Agricultural Bank Of China Limited(601288.SH)

Profile

Alternative Stock Code:

01288.HK

Registered Capital:

324794.12(RMB MLN)

Employees：

441144

Email：

ir@abchina.com

WebSite：

http://www.abchina.com

Tel：

010-85109619

Fax：

010-85108557

Introduction from Google Finance

AGRICULTURAL BANK OF CHINA LIMITED is a commercial bank. The Bank operates its businesses primarily through corporate banking, including corporate deposit, corporate loan, note discount, small-sized corporate services, organization business, settlement and cash management, trade financing and international settlement, investment banking, capital custody and pension businesses; personal banking, including personal loan, personal deposit, bank card, agent distribution of fund, agent distribution of national debt and private banking businesses; capital business, including currency market business, portfolio investment management, agent capital trading, banking and precious metal businesses, as well as e-banking, including online banking, telephone banking, mobile financial business, self-service banking and e-commerce. The Bank operates its businesses in domestic and overseas markets. It operates branches and representatives in Sydney, New York, London and Singapore, among others.

Reports

News more..

Tianyu Information 2012 Financial IC Card Sales Hit 30 million 2012-5-14
Bad loans at Chinese banks may worsen2012-4-6
JPMorgan Chase cuts 48.07M H shares of ABC (SHA:601288, HKG:1288)2012-4-6
Wen urges breakup of bank monopoly 2012-4-5
Top five banks post record net profits2012-3-31
E-transaction Substitution Rate of China Banks Surpassed 60%2012-3-30
7 Chinese banks post huge jump in profits2012-3-28
Drop in AgBank's Q4 net is a first2012-3-23
Agricultural Bank of China Posts 28.5% Rise In 2011 Earnings2012-3-23
Offer of Favorable Mortgage Rates from Some Banks in Shanghai2012-3-22
Bank of China sets city as yuan-trading center2012-3-21

Revenue Breakdown (million RMB)

Products	2010	2010H1	2009	2008	2007
Corporate banking	**	**	**	**	**
Personal banking	**	**	**	**	**
Capital operations	**	**	**	**	**
Other business	**	**	**	**	**
Total revenues	**	**	**	**	**
Total	**	**	**	**	**
Other	**	**	**	**	**

Area	2010	2010H1	2009	2008	2007
Head Office	34144.00	**	**	**	**
In the Yangtze River Delta	66288.00	**	**	**	**
The Pearl River Delta region	38994.00	**	**	**	**
Around Bohai Sea area	43183.00	**	**	**	**
The central region	35059.00	**	**	**	**
In the West	62101.00	**	**	**	**
In Northeast China	8885.00	**	**	**	**
Foreign and other	1764.00	**	**	**	**
Total revenues	290418.00	**	**	**	**
Total	--	**	**	**	**

Introduction from Company WebSite

The predecessor of Agricultural Bank of China is Agricultural Cooperative Bank established in 1951. Since late 1970s, the Bank has evolved from a state-owned specialized bank to a wholly state-owned commercial bank and subsequently a state-controlled commercial bank. On 15 January 2009, the Bank was restructured into a joint stock limited liability company. On 15 and 16 July 2010, the Bank was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange respectively, which marked the completion of our historical transformation into a public shareholding commercial bank.

Capitalizing on the comprehensive business portfolio, extensive distribution network and advanced IT platform, the Bank provides various corporate and retail banking products and services for a broad range of customers and carry out treasury operations for our own accounts or on behalf of customers. As at 31 December 2010, the Bank had total assets of RMB10,337,406 million, deposits of RMB8,887,905 million and loans of RMB4,956,741 million. Our capital adequacy ratio and non-performing loan ratio were 11.59% and 2.03%, respectively. The Bank achieved a net profi t of RMB94,907 million.

In 2010, the Bank ranked No. 141 in the global Fortune 500 companies, and ranked No. 14 in The Banker's "Top 1000 World Banks" list in terms of profi t before tax for the year of 2009. In 2010, the Bank was rated A1/Stable by the Moody's.