Agricultural Bank of China
The Agricultural Bank of China (ABC) is a Chinese state-owned bank and one of the biggest banks in the world by assets. Its predecessor, the Agricultural Cooperative Bank, was established in 1951. The bank was restructured into a joint stock limited liability company in January 2009.
Chinese banks’ earnings decline narrow, but retail NPLs could be an issue
                                                                                 
                    
                    Earnings of 16 large banks are 0.5% lower than in H1 2023.
                
                                
            Chinese banks’ earnings decline narrow, but retail NPLs could be an issue
                                                                                                                 
                            
                            Earnings of 16 large banks are 0.5% lower than in H1 2023.
                        
                                                
                        
    
                    China’s big four banks face $100b shortfall in loss-absorbing capital
                                                                                                 
                        
                        The banks have not yet met their required loss-absorbing capacity levels.
                    
                                        
                    
                Agricultural Bank of China to withstand property crunch
                                                                                                 
                        
                        Exposure to the mainland property sector has shrunk to 3.67% of its loan book.
                    
                                        
                    
                Chinese banks’ Q2 earnings subdued as balance sheet growth decelerates
                                                                                                 
                        
                        But NIM and asset quality pressures are improving.
                    
                                        
                    
                Top banks’ market cap up 5.4% in Q2
                                                                                                 
                        
                        China’s big four banks saw growth although NIMs fell.
                    
                                        
                    
                Chinese banks dominant whilst Japan, South Korean banks’ assets falter
                                                                                                 
                        
                        Australian and Singaporean banks’ assets remained steady, S&P’s study showed.
                    
                                        
                    
                Mandated property lending poses challenges for Agricultural Bank of China
                                                                                                 
                        
                        ABC also faces a moderate decline in profits following recent rate cuts.
                    
                                        
                    
                China deems 19 banks 'too big to fail'
                                                                                                 
                        
                        These banks face new capital and regulatory requirements.