Agricultural Bank of China

Agricultural Bank of China
Native name
中国农业银行
Company typePublic
ISIN
IndustryFinancial services
Founded10 July 1951 (1951-07-10)
HeadquartersBeijing, China
Key people
Zhao Huan (President)
Products
Revenue CN¥602.56 billion
$153.9 billion (2020)
CN¥251.67 billion
$36,6 billion (2018)
CN¥202.63 billion
$29.5 billion (2018)
Total assets CN¥22.609 trillion
$3.286 trillion (2018)
Total equity CN¥1.67 trillion
$243 billion (2018)
Owner
Number of employees
467,631 (2020)
Chinese name
Simplified Chinese中国农业银行
Traditional Chinese中國農業銀行
Transcriptions
Standard Mandarin
Hanyu PinyinZhōngguó Nóngyè Yínháng
Alternative Chinese name
Simplified Chinese农行
Traditional Chinese農行
Transcriptions
Standard Mandarin
Hanyu PinyinNóngháng
Websiteabchina.com/en/

The Agricultural Bank of China (ABC), also known as AgBank, is a Chinese partially state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is one of the "big four" banks in China, and the second largest bank in the world by total assets, behind the Industrial and Commercial Bank of China. ABC was founded on 10 July 1951, and has its headquarters in Dongcheng District, Beijing. It has branches throughout mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore.

ABC has 320 million retail customers, 2.7 million corporate clients, and nearly 24,000 branches. It is China's third-largest lender by assets. ABC went public in mid-2010, fetching the world's biggest ever initial public offering (IPO) at the time, since overtaken by the Saudi Arabian state-run petroleum enterprise, Saudi Aramco. In 2011, it ranked eighth among the Top 1000 World Banks, by 2015, it ranked third in Forbes' 13th annual Global 2000 list and in 2017 it ranked fifth. In 2023, Agricultural Bank of China was ranked #4 in Forbes' Global 2000 (World's Largest Public Companies). It is considered a systemically important bank by the Financial Stability Board.