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40

Agricultural Bank of China

ACGBY

China

More so than other Chinese state-owned banking giants, the Agricultural Bank of China has a focus on the country’s less well-to-do rural population. Its loans to rural households rose 53% to $30.8 billion in the five years through 2017. It now faces competition in that field from Internet giants Alibaba and Tencent and fintechs such as CreditEast, which allows farmers to borrow cows. But such loans have also become a lesser part of AgBank’s retail loan businesses; its amount of outstanding residential mortgage loans tripled in the same period, to $468.3 billion.

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CEO

Zhao Huan

Sector

Financials

Industry

Banks: Commercial and Savings

HQ Location

Beijing

Years on Global 500 List

19

Employees

491,578

Figures prepared in accordance with International Accounting Standards., Government owned 50% or more.
Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$122,3664.3%
Profits ($M)$28,550.43.1%
Assets ($M)$3,233,013
Total Stockholder Equity ($M)$219,044
Profit Ratios
Profit as % of Revenues23.3%
Profits as % of Assets0.9%
Profits as % of Stockholder Equity13.0%
STOCK QUOTE
()0.00 0.00 (0)
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  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
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News about Agricultural Bank of China

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