Agricultural Bank of China
When the Agricultural Bank of China (also known as AgBank or ABC) went public in 2010, it raised $22.1 billion in what was then the world's largest-ever initial public offering. At the time, it had been a Global 500 company for 10 years and had climbed more than 200 spots in the ranking. A decade later, the bank has finally broken into the top 50. Today AgBank is one of China’s biggest commercial lenders, especially in rural areas, where its new loans to counties increased 10.18% in the first half of 2020—even as the pandemic dented China’s economy.
Alex Tai—SOPA Images/LightRocket/Getty Images
Company Information
As of 8/3/2022
Country
China
Headquarters
Beijing
Industry
Banks: Commercial and Savings
CEO
Zhang Qingsong
Website
Company Type
Public
Ticker
ACGBY
Revenues ($M)
$181,412
Profits ($M)
$37,391
Market Value ($M)
$144,457
Employees
455,174
Figures prepared in accordance with International Accounting Standards. Government owned 50% or more. Market value as of July 19, 2022.
Key Financials (Last Fiscal Year)
($ Millions)
% change
Revenues ($M)
$181,411.7
17.9%
Profits ($M)
$37,390.8
19.5%
Assets ($M)
$4,576,306.3
-
Total Stockholder Equity ($M)
$380,127
-
Profit Ratios
Profit as % of Revenues
20.6%
Profits as % of Assets
0.8%
Profits as % of Stockholder Equity
9.8%
Lists ranking Agricultural Bank of China
