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  • Rank36
  • Previous Rank47
  • CEO
    Liu Shiyu
  • Address
    69 Jianguomennei Ave., Beijing 100005
  • Websitehttp://www.abchina.com
  • Industry
    Banks: Commercial and Savings

The third biggest (by revenue) of the Big Four state-owned banks that anchor China’s financial system, Agricultural Bank of China (also known as ABC or AgBank) originally specialized in financing commercial and industrial enterprises in rural China, but more recently it has diversified into consumer and corporate banking, credit cards, and currency trading. The bank’s branch network–the biggest in China, according to research firm Morningstar–has made it the dominant bank in rural areas, and many analysts expect ABC to benefit as more of its rural customers move to urban areas and become more affluent. The bank saw a change of leadership in October 2014, as Liu Shiyu, a former official at the People’s Bank of China, became chairman.

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Company Information

CEO
Liu Shiyu
Industry
Banks: Commercial and Savings
Sector
Financials
HQ Location
Beijing, China
Websitehttp://www.abchina.com
Years on List16
Figures prepared in accordance with International Accounting Standards. Government owned 50% or more.

Key Financials (last fiscal year)

($ Millions)% change
Revenues130,047.712.7%
Profits29,126.47.7%
Assets2,574,815-
Employees505,627-

Profits as a % of

Profit as % of Revenues22.4%
Profits as % of Assets1.1%
Profits as % of Stockholder Equity17.5%