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Agricultural Bank of China

  • Previous Rank40
  • Country
    China
  • Revenues ($M)$139,523.60
  • Revenue Percent Change14%
  • Profits ($M)$30,656.50
  • Profits Percent Change7.4%
  • Assets ($M)$3,293,105.00
  • Employees477,526

More so than other Chinese state-owned banking giants, the Agricultural Bank of China (ABC) 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 and this past year the bank issued an additional $15 billion of loans in the rural areas targeted by Beijing’s poverty alleviation drive. Meanwhile the bank has steadily reduced its ratio of non-performing loans since 2015, shedding a further 0.22 percentage points this year to reach 1.59%.

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Company Information

CEO
Zhou Mubing
Sector
Financials
Industry
Banks: Commercial and Savings
HQ Location
Beijing
Websitehttps://www.abchina.com
Years on Global 500 List20
Employees477,526
Figures prepared in accordance with International Accounting Standards., Government owned 50% or more.

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$139,523.6014%
Profits ($M)$30,656.507.4%
Assets ($M)$3,293,105.00-
Total Stockholder Equity ($M)$243,280.90-

Profit Ratios

Profit as % of Revenues22%
Profits as % of Assets0.9%
Profits as % of Stockholder Equity12.6%