Company Overview

Agricultural Bank of China (ABC), formerly known as Agricultural Cooperative Bank was founded on July 10, 1951 and is headquartered at Beijing, China. It deals with commercial banking and financial services. Investment banking, Fund management, financial leasing and Life insurance are also included in its scope of business. The ABC Bank had initial public offering on the Shanghai Stock Exchange and the Hong Kong Stock Exchange on July, 2010 and this marked the completion of transformation into a public shareholding commercial bank. It was recognized as one of the Global Systemically Important Banks in 2014. It ranked No.47 in Fortune’s Global 500 and ranked No.9 in the Banker’s Top 1000 World Banks list in terms of Tier 1 capital. It is the third largest bank in lending services as per the market value in China. [1]

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SWOT ANALYSIS

Strengths

• The bank maintains a strong business portfolio of services which includes corporate loans and deposits, small and medium micro enterprises banking, investment banking, institutional banking, retail loans and deposits, bank cards, private banking business, treasury operations, money market operations, investment and trading operations, corporate and retail wealth management, pension business, asset securitization, treasury transactions on behalf of customers and has recently entered into the areas of e-commerce, mobile banking, self-service banking which are quite promising revenue streams. [1]
• It has wide distribution network and extends its operations across Yangtze River Delta, Pearl River Delta, Bohai Rim, Central China, North-eastern China, Western China and overseas. The bank has 23,612 domestic branch outlets, 37 tier-1 branches, 353 tier-2 branches, 3,515 tier-1 sub-branches, 19,702 other establishments, eight overseas branches and two overseas representative offices. ABC has fourteen major subsidiaries which also includes nine domestic subsidiaries and five overseas subsidiaries. [1]
• The bank leveraged on IT platform to provide integrated services across different channels. Using IT, it established a real-time backup centre in Shanghai and a data centre in Beijing. IT operation and management system was set up for production, contingency or disastrous matters which also catered to the requirements of massive data management. [1]