Where is the Agricultural Bank of China located?

The Agricultural Bank of China, or ABC as it’s known for short, is one of the biggest banks in the world. Founded in 1951, it has its headquarters in Beijing, with branches scattered throughout China. It also has sites in London, New York, Frankfurt, Sydney and Tokyo. Where have you heard about the Agricultural Bank of China?

When did Agricultural Cooperation Bank of China become a bank?

On July 10, 1951, two banks of the Republic of China, Farmers Bank of China and Cooperation Bank, merged to form the Agricultural Cooperation Bank, which ABC regards as its ancestor. However, the bank was merged into People's Bank of China, the central bank in 1952.

Why is China Bank a major integrated financial service provider?

As one of the major integrated financial service providers in China, the Bank is committed to building a multi-functional and integrated modern financial service group.

Is AgBank a commercial lender in China?

Today AgBank is one of China’s biggest commercial lenders, especially in rural areas, where its new loans to counties increased 10.18% in the first half of 2020—even as the pandemic dented China’s economy. Figures prepared in accordance with International Accounting Standards. Government owned 50% or more. Market value as of July 18, 2023.