Agricultural Bank of China
Agricultural Bank of China (ABC), also known as AgBank, is one of the "Big Four" banks in China. It was founded on 10 July 1951, and has its headquarters in Dongcheng District, Beijing. It has branches throughout mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore.
Headquarters in Beijing, China | |||||||
Native name | 中国农业银行 | ||||||
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| Company type | Public | ||||||
Traded as | |||||||
| ISIN | |||||||
| Industry | Financial services | ||||||
| Founded | 10 July 1951 | ||||||
| Headquarters | Beijing, China | ||||||
Key people | Zhao Huan (President) | ||||||
| Products | Finance and insurance, consumer banking, corporate banking, investment banking, investment management, global wealth management, private equity, mortgages, credit cards | ||||||
| Revenue | CN¥602.56 billion $153.9 billion (2020) | ||||||
| CN¥251.67 billion $36,6 billion (2018) | |||||||
Net income | CN¥202.63 billion $29.5 billion (2018) | ||||||
| Total assets | CN¥22.609 trillion $3.286 trillion (2018) | ||||||
| Total equity | CN¥1.67 trillion $243 billion (2018) | ||||||
| Owner |
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Number of employees | 467,631 (2020) | ||||||
| Chinese name | |||||||
| Simplified Chinese | 中国农业银行 | ||||||
| Traditional Chinese | 中國農業銀行 | ||||||
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| Alternative Chinese name | |||||||
| Simplified Chinese | 农行 | ||||||
| Traditional Chinese | 農行 | ||||||
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| Website | abchina.com | ||||||
ABC has 320 million retail customers, 2.7 million corporate clients, and nearly 24,000 branches. It is China's third-largest lender by assets. ABC went public in mid-2010, fetching the world's biggest ever initial public offering (IPO) at the time, since overtaken by the Saudi Arabian state-run petroleum enterprise, Saudi Aramco. In 2011, it ranked eighth among the Top 1000 World Banks, by 2015, it ranked third in Forbes' 13th annual Global 2000 list and in 2017 it ranked fifth. In 2023, Agricultural Bank of China was ranked #4 in Forbes' Global 2000 (World's Largest Public Companies). It is considered a systemically important bank by the Financial Stability Board.