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Agricultural Bank of China
中国农业银行
NEWS

Major Chinese banks reported mixed results, with overall revenue and net profit declining, and significant variation in performance. Non-performing loan ratios in the real estate sector remained high, impacting personal and business lending. Despite revenue drops, some banks showed net profit growth by cutting costs and relying on non-interest income, particularly from bond market investments.
Sep.7 2024 13:03 PM

Agricultural Bank of China and Bank of Communications both announce new deputy chiefs of their Communist Party committees, appointments that normally precede designation as president
May.22 2024 19:19 PM

- In 2023, China's banking sector faced a "cold spring" with many banks reporting a decline in revenue and a slowdown in net profit growth due to weak expectations, insufficient demand, and narrowing interest margins. Despite rapid asset growth, the quality of assets remained stable with high non-performing loan (NPL) ratios in real estate loans and rising NPL generation rates in credit card and consumer loans.
- The six major Chinese banks reported an average revenue growth rate of 0.58%, a decrease from the previous year, while the ten national joint-stock banks saw an average revenue growth rate of -3.29%. At least five listed small and medium-sized banks achieved net profit growth rates exceeding 15%, but others experienced significant profit declines.
- Banks are focusing on maintaining stable interest margins and exploring ways to increase non-interest income amid pressures on net interest income and fees/commission income. They are also balancing dividend payouts with capital replenishment needs in light of regulatory changes and economic uncertainties, aiming for sustainable development without compromising their ability to support economic growth and manage risks effectively.
Apr.6 2024 13:24 PM

Domestic green loans expanded to $2.5 trillion in 2021, and Beijing plans to standardize green finance to facilitate net-zero goal
Feb.11 2022 19:28 PM

Gu Shu will replace Zhou Mubing, who has been the state-owned lender’s chairman since July 2016
Dec.24 2020 18:32 PM
Jul.15 2020 13:28 PM

After screenshots of pilot wallet app circulate on social media, central bank confirms tests are underway including scenarios for use of new digital yuan at 2022 Beijing Winter Olympics
Apr.18 2020 05:05 AM

One of country’s biggest lenders chooses Zhang Qingsong, former president of the Export-Import Bank of China, as its new chief
Sep.23 2019 18:59 PM

China’s big four state-owned lenders report higher profits despite regulatory crackdown, slowing economic growth and rising bad debts
Nov.1 2018 20:19 PM

The biggest moves in China’s financial sector — plus China’s aluminum king steps down, and the Roof of the World gets a new boss
Sep.28 2018 21:46 PM

Three top lenders report net earnings of at least 5% in first half of 2018
Aug.29 2018 20:03 PM

Lender sets up private equity fund to speed up transactions, protect balance sheet from risks
Aug.10 2018 19:57 PM

Three of country's top lenders announce higher earnings growth in 2017 on improved economy, shadow banking crackdown
Mar.28 2018 19:53 PM

Sale is as much as $15.8 billion of A shares to a group of investors including Ministry of Finance
Mar.13 2018 05:32 AM

Punishments close the case on $587.6 million bills of exchange scandal at Agricultural Bank of China two years ago
Nov.21 2017 15:32 PM

Sizeable institutions set to prosper amid national deleveraging, while smaller lenders squeezed harder
Sep.7 2017 18:58 PM

Home-loan increase slows amid cooler property market, more lending to businesses
Sep.1 2017 18:32 PM

Three of four biggest banks by assets earned more from lending to businesses, saw fewer bad loans
Aug.30 2017 20:37 PM

Lin Xiaoxuan, Minsheng’s chief information officer since February, is being looked at for suspected misconduct before joining the bank, sources say
Aug.23 2017 10:35 AM

Xiang Junbo, chairman of the China Insurance Regulatory Commission (CIRC), is under investigation for “suspicions of serious violations,” a phrase that often refers to corruption
Apr.9 2017 16:44 PM
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