Agricultural Bank of China

The "Big Four" banks in China are the Agricultural Bank of China (ABC), often known as AgBank. It was established on July 10, 1951, and is based in Beijing's Dongcheng District. It has locations in Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore, in addition to mainland China.

ABC has almost 24,000 branches, 320 million retail consumers, and 2.7 million corporate clients. By assets, it is the third-largest lender in China. When ABC went public in the middle of 2010, it raised the most money in a single initial public offering (IPO) in history. Saudi Aramco has subsequently surpassed ABC in terms of IPO size. It was placed eighth among the Top 1000 World Banks in 2011, third on Forbes' 13th annual Global 2000 list in 2015, and fifth in 2017 among all banks. The Financial Stability Board views this bank as one of systemic importance.

The market capitalization of the Agricultural Bank of China as of April 2023 was $158.55 billion. By market cap, this places the Agricultural Bank of China as the 67th most valuable firm in the entire world. The most recent financial reports from the Agricultural Bank of China show that the company's current revenue (TTM) is $111.84 billion. The corporation generated $111.19 billion in revenue in 2021, a rise from $95.58 billion in revenue in 2020.

Founded: 10 July 1951
Headquarters: Beijing, China
Website: abchina.com