- CEO
- Shu Gu
- Full Time Employees
- 457,835
- Sector
- Finance
- Industry
- Major banks
- Address
- No. 69, Jianguomen Nei Avenue Beijing BE China 100005
- IPO Date
- Jul 15, 2010
- Business
- Agricultural Bank of China Limited Agricultural Bank of China Limited (601288.SS) operates as one of China's major integrated financial service providers, emphasizing high-quality development with positionings as a leading bank for rural revitalization and a major bank serving the real economy; it delivers a broad array of corporate and retail banking products including demand, time, foreign currency, savings, and negotiated deposits; certificates of deposit; diverse loans such as housing, consumer, personal auto, business, fixed asset, working capital, real estate, entrusted syndicated, and trade finance loans; guarantees and commitments; settlement and cash management services; along with treasury operations encompassing money market transactions, debt investments, and derivatives; asset management; investment banking; fund management; financial leasing; and life insurance through subsidiaries like ABC-CA Fund Management Co., Ltd., ABC Financial Leasing Co., Ltd., ABC International Holdings Limited, ABC Financial Asset Investment Co., Ltd., and ABC Life Insurance Co., Ltd. The bank, founded in 1951 as the Agricultural Cooperative Bank and restructured into a joint stock limited liability company in 2009 with listings on the Shanghai and Hong Kong Stock Exchanges in 2010, maintains headquarters in Beijing's Dongcheng District and conducts operations through 22,877 domestic branches including tier-1 branches, sub-branches, and foundation-level outlets, plus 13 overseas branches in locations such as Hong Kong, Singapore, New York, London, Tokyo, Frankfurt, Sydney, Seoul, Dubai, Luxembourg, Macao, and Hanoi, alongside representative offices in Vancouver, Taipei, Sao Paulo, and Dushanbe. It targets corporations, government agencies, financial institutions, individual customers, small and micro businesses, rural areas, and sectors like agriculture, industry, commerce, transportation, with strategies in rural and inclusive finance, green finance, and digitalization supported by extensive networks like Huinongtong rural services and advanced IT platforms; as of end-2024, it reports total assets of RMB43.24 trillion, customer loans of RMB24.91 trillion, deposits of RMB30.31 trillion, a capital adequacy ratio of 18.19%, and net profit of RMB282.7 billion. Recent developments include integration of 192 branches and sub-branches from Jilin Rural Commercial Banks in September-October 2025 to bolster county-level expansion and sinking strategy; launch of a global matchmaking platform in 2023 leveraging fintech for agricultural business opportunities connecting Chinese and overseas firms under Belt and Road Initiative; issuance of a $300 million three-year green bond in London; approval of 2025 budgets for fixed assets investment and external donations of RMB124.8 million focused on rural revitalization, disaster relief, and social welfare; election of Ms. WONG Pui Sze Priscilla as independent non-executive Director; amendments to rules of procedure for shareholders' general meeting and board of directors; and sustained profitability growth with 5.3% year-on-year net profit increase in first-half 2025 alongside digital transformation via Ten Projects for smart banking.