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Agricultural Bank of China Ltd

01288

Company Profile

  • Business description

    As one of the big four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 37.15% and 32.47%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 41%, 53%, and 6% of total revenue in the first half of 2023, respectively. Rural banking and urban banking contributed 49% and 51% of total revenue during the same period.

  • Contact

    50 Connaught Road
    25th Floor, Agricultural Bank of China Tower
    Central
    Hong Kong
    HKG

    T: +852 28618000

    E: ir@abchina.com

    https://www.abchina.com

  • Sector

    Financial Services

    Stock type

    Cyclical

  • Industry

    Banks - Diversified

    Fiscal Year End

    31 December 2024

    Employees

    451,003

Agricultural Bank of China Ltd News & Analysis

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