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 state banks’ enhanced policy roles increases support prospects
Chinese state banks’ enhanced policy roles increases support prospects
Banks are expected to log moderate credit growth and no increase in risk appetite.
Global Top 25 banks market cap up 20.1% to $4.7t; China Big 4, DBS rise
HSBC also recorded a double digit increase in its market cap.
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Fee income may also recover if new stimulus policies are effective, said CreditSights.
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Brand value went up 10% during the year.
Chinese banks set up offices at Dubai International Financial Centre
About 8 banks from China now have locations in the financial centre.
Chinese banks see improved earnings in Q3
Interest income and fee income declines narrowed.
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.
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These banks face new capital and regulatory requirements.
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