94 Followers HKEX:1288 - Agricultural Bank of China Ltd Agri Bank of China
Sector: Financials, Industry: Diversified Banks
Next Earnings: 26 Apr 2024
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HKD 3.3    -0.01 (-0.30%)

28 Mar 2024


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General

CEO: Mr. Shu Gu

Headquarters: HK

Employees: 452,258

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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.

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