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  • Previous Rank
    38
  • Revenues ($M)
    $122,366
  • Revenue Percent Change
    4.3%
  • Profits ($M)
    $28,550.40
  • Profits Percent Change
    3.1%
  • Assets ($M)
    $3,233,013.20
  • Employees
    491,578

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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Company Information

CEO
Zhao Huan
Sector
Financials
Industry
Banks: Commercial and Savings
HQ Location
Beijing
Websitehttp://www.abchina.com
Years on Global 500 List19
Employees491,578
Figures prepared in accordance with International Accounting Standards., Government owned 50% or more.

Agricultural Bank of China Rank History

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Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$122,3664.3%
Profits ($M)$28,550.403.1%
Assets ($M)$3,233,013.20-
Total Stockholder Equity ($M)$219,044.10-

Profit Ratios

Profit as % of Revenues23.3%
Profits as % of Assets0.9%
Profits as % of Stockholder Equity13%