• Fri
  • Aug 1, 2014
  • Updated: 8:04am

Agricultural Bank of China

Agricultural Bank of China is one of the big four state-owned commercial banks in the People's Republic of China. The other three are Industrial and Commercial Bank of China, China Construction Bank and Bank of China. The Agricultural Bank of China was founded in 1951 and is based in Beijing, and its listing in mid-2010 was the world’s largest initial public offering at the time.

Agricultural Bank on target with 14.5pc profit jump

Agricultural Bank of China, the mainland's third-largest lender in terms of market capitalisation, saw the slowest profit growth since its 2010 listing but last year's results were in line with market expectations, with slightly improved credit quality and a more or less stable lending margin.

Wednesday, 26 March, 2014, 5:29am

China's Agricultural Bank offers US-dollar debt as costs fall to 2009 low

Agricultural Bank of China is marketing a sale of US dollar bonds as the cost of dollar debt for Chinese borrowers slides to the lowest in more than four years.

4 Dec 2013 - 2:19pm

Agricultural Bank of China first-half profit rises 15pc

Agricultural Bank of China said yesterday it would face a challenging business environment in the second half amid sluggish economic growth but that its bad debts would stabilise, as it reported a better-than-expected first-half profit.

29 Aug 2013 - 4:47am

Key Chinese cities and provinces set to receive stimulus - on the quiet

Government and banking industry sources familiar with the situation told the South China Morning Post that Agricultural Bank of China (Agbank), one of the big four state lenders, signed an agreement with the city government last week to provide loan credit worth 250 billion yuan (HK$314 billion) - equivalent to about 12.5 per cent of Shanghai's GDP for last year.

12 Aug 2013 - 7:23am 2 comments

Audit office finds flaws at 13 big state firms

China Mobile, China Construction Bank, Agricultural Bank of China and 10 other big state-owned firms have been accused by the National Audit Office of various management and accounting irregularities and failure to implement government policies.

11 May 2013 - 4:39am

Banks complete buyback, more coming?

New statements from two of China's top four banks indicate a recent share buyback by their state-owned controlling stakeholder is done, raising the question of just how effective the program was and whether we might see more similar buybacks soon.

12 Apr 2013 - 5:30pm

Outgunning the West

Mainland China's largest banks capped a sixth year of record profits by posting a 21 per cent average return on equity (ROE), more than twice the rate earned by US and European competitors led by JP Morgan Chase.

29 Mar 2013 - 5:25am

Chinese lenders see robust profit growth

The mainland's two biggest lenders yesterday reported double-digit growth in their net profit last year, but analysts warned the pace would slow as bad loans rose and interest rate liberalisation unfolded.

27 Mar 2013 - 5:31am

AgBank adds traders for dim sum sales

ABC International, a unit of the mainland's third-largest bank, plans to hire more traders for yuan bonds in Hong Kong, expecting issuance to rise further after tripling in two years to a record last year.

19 Feb 2013 - 6:35am

Big Four's new-loans quota for 2013 'close to 3tr yuan'

The four biggest mainland banks by assets are expected to get a 35 per cent share of the country's new-loan quota of 8.5 trillion yuan (HK$10.6 trillion) this year, maintaining their dominance over the mainland's 300 or so other commercial banks.

19 Jan 2013 - 5:12am