Agricultural Bank of China

The Agricultural Bank of China (ABC), commonly known as AgBank, is one of the People's Republic of China's "Big Four" banks. It was founded in 1951 and is headquartered in Beijing's Dongcheng District. It has branches in mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore, among other places.


Agricultural Bank of China has 320 million retail customers, 2.7 million corporate customers, and over 24,000 branches. It is China's third-largest lender in terms of assets. ABC went public in mid-2010, achieving the world's largest-ever initial public offering (IPO) at the time, which has since been surpassed by Saudi Aramco, the Saudi Arabian state-run petroleum corporation.


Agricultural Bank of China was ranked eighth among the Top 1000 World Banks in 2011, third in Forbes' 13th annual Global 2000 list in 2015, and fifth in 2017. The Financial Stability Board considers it as a systemically significant bank.


MORE INFORMATION:
Market cap:
$177.94B
Website:
https://www.abchina.com/en/

Agricultural Bank of China (photo: https://www.coindesk.com/)
Agricultural Bank of China (photo: https://www.coindesk.com/)
Agricultural Bank of China (photo: Getty Images)
Agricultural Bank of China (photo: Getty Images)

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