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Global 500

Brent Lewin — Bloomberg via Getty Images

29

Agricultural Bank of China

ACGCY

China

The biggest news facing one of China’s big four banks in 2015 was the demotion of its president. According to Chinese press reports, Zhang Yun was assisting a corruption investigation. That’s can often mean leniency for cooperation, especially judging by Zhang’s later demotion to a director level. The third-biggest of China’s state-owned, monopolistic lenders is facing increased competition from tech firms like Alibaba and Tencent, which are offering financial services in rural China where once Agricultural Bank of China was the only option.

CEO

Zhao Huan

Sector

Financials

Industry

Banks: Commercial and Savings

HQ Location

Beijing, China

Employees

508,726

Years on Global 500 List

17

Figures prepared in accordance with International Accounting Standards. Government owned 50% or more.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$133,4192.6%
Profits ($M)$28,735-1.3%
Assets ($M)$2,739,835
Total Stockholder Equity ($M)$186,351
Profit Ratios
Profit as % of Revenues21.5%
Profits as % of Assets1.0%
Profits as % of Stockholder Equity15.4%
STOCK QUOTE
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