Agricultural bank of china limited is a china based commercial bank. The company offers deposits loans domestic settlement bill discounting currency trading bank guarantee and other services.
Its loans to rural households rose 53 to 308 billion in the five years through 2017.
Agricultural bank of china stock. Loans at agricultural bank of china are broadly funded by customer deposits. The corporate finance segment is engaged in the deposit and loan business small and micro business finance settlement and cash management trade financing and investment banking among others. Stock quote for agricultural bank of china adr common stock acgby with real time last sale and extended hours stock prices company news charts and research at nasdaq.
The bank mainly operates through four business segments. 2018 annual report the predecessor of the bank was agricultural cooperative bank established in 1951. Agricultural bank of china limited provides banking services.
It now faces competition in that field from internet giants alibaba and tencent. Since the late 1970s the bank has evolved from a state owned specialized bank to a wholly state owned commercial bank and subsequently a state controlled commercial bank. The bank mainly operates through four business segments.
Agricultural bank of china. The company operates through the following business segments. More so than other chinese state owned banking giants the agricultural bank of china has a focus on the countrys less well to do rural population.
Agricultural bank of china engages in the provision of international commercial banking and financial services. Agricultural bank of china has a sufficient allowance for bad loans. Get the latest agricultural bank of china stock price and detailed information including news historical charts and realtime prices.
Agricultural bank of china provides its services to individuals enterprises and other clients. Agricultural bank of china ltd. An appropriate level of borrowing to fund lending.
Corporate banking personal banking treasury operations and others unallocated. Agricultural bank of china ltd is a china based commercial bank. Xiang junbo was the highest ranking figure in chinese finance to be ensnared in an anti graft crackdown led by.
Agricultural bank of chinas level of assets compared to its equity is moderate ie. Agricultural bank of china limited acgby chinas former chief insurance regulator has pleaded guilty to taking bribes over 12 years in exchange for helping people obtain loans promotions and other favors a state news agency reported.