An update from Agricultural Bank of China ( (HK:1288) ) is now available.
The Agricultural Bank of China announced its audited financial results for 2024, reporting a net profit of RMB282,671 million and a capital adequacy ratio of 18.19%. With total assets of RMB43,238,135 million, the bank continues to strengthen its position in the financial sector, supported by its extensive domestic and international branch network. The announcement underscores the bank’s commitment to high-quality development and its strategic focus on rural and inclusive finance, green finance, and digitalization, which are expected to enhance its market positioning and stakeholder value.
More about Agricultural Bank of China
Agricultural Bank of China is a major integrated financial service provider in China, focusing on rural revitalization and the real economy. It offers a diverse range of corporate and retail banking products and services, including investment banking, fund management, financial leasing, and life insurance. The bank has a comprehensive business portfolio, extensive distribution network, and advanced IT platform, with significant assets, loans, and deposits. It is recognized as a Global Systemically Important Bank and ranks highly in global banking capital standings.
YTD Price Performance: 11.09%
Average Trading Volume: 27,574
Technical Sentiment Signal: Sell
Current Market Cap: $245.2B
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