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 banks dominant whilst Japan, South Korean banks’ assets falter
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.
China deems 19 banks 'too big to fail'
These banks face new capital and regulatory requirements.
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