The Agricultural Bank of China is an essential component of the financial system of China. It has its head office in Beijing and has branches covering most urban as well rural areas. It can boast of services, funds that facilitate the work and needs of all its clients which have led it to become one of the biggest banks in China. It is also listed in the list of Fortune 500 Companies of the world.
In terms of assets, the Agricultural Bank of China has RMB 4013.77 billion with a total of RMB 2590.07 as loans and RMB 3491.55 billion as total deposits. The Operational profit of The Agricultural Bank of China in 2005 was RMB 31.97 billion.
The Agricultural Bank of China currently owns 5 branches which are directly affiliated and 32 others which are present in the provinces. It also has 1 banking department of Head Office, 3 training colleges and branches in Singapore and Hong Kong. Along with affiliates the Agricultural Bank of China has about 31000 branches spread all over China. Business ranges from original rural credit to wide financial business transactions. It has the maximum number of service targets and a very client friendly service approach.
With the help of latest technologies, the Agricultural Bank of China has enacted the largest electronically based financial network in the country. Online banking and interconnected ATMs along with other advanced features have helped the Agricultural Bank of China to be identified as one of the biggest and most user friendly banks of China. Kinscard , the official credit card issued by the Agricultural Bank of China has made leaping profits for the compny and banking easier for the bankers.
The Agricultural Bank of China has also witnessed a considerable growth in foreign exchange and in house business over the last 2 years.
