Summary by Moomoo AI
The Agricultural Bank of China (Agricultural Bank) has published the Third Pillar Information Disclosure Report for the first quarter of 2024 on 29 April 2024. The report is prepared in accordance with the relevant regulations of the State Administration of Financial Supervision and covers a variety of aspects including risk management, key prudential regulatory indicators, risk-weighted asset overview, macro-prudential measures, leverage ratios and liquidity risks. As of 31 March 2024, the Agricultural Bank's core tier one capital adequacy ratio of 11.37%, Tier 1 capital adequacy rate of 13.77% and capital adequacy ratio of 18.40% are in line with regulatory requirements, the report shows. The leverage ratio is 6.79%, higher than the minimum leverage requirement of 4.00%. The liquidity coverage rate is 131.17%, exceeding the regulatory standard of 100%. In addition, the Agricultural Bank's net stable capital ratio is 131.73%. The report was approved by the Board of Directors and reflects the importance of Agricultural Bank for information disclosure and its sound capital structure and liquidity.