About ABC Company

The Bank's predecessor can be traced back to the Agricultural Cooperative Bank established in 1951. Since it resumed establishment in February 1979, the Bank has successively experienced various stages of development, such as national specialized banks, wholly state-owned commercial banks, and state-owned commercial banks. In January 2009, the entire Bank was restructured as a limited company. In July 2010, the Bank was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange respectively. The Bank is one of the major comprehensive financial service providers in China. With the theme of high-quality development, the Bank highlights the two major positions of “leading bank serving rural revitalization” and “main bank serving the real economy”, and fully implements the three major strategies of “three rural areas” counties, green finance, and digital management. With its comprehensive business portfolio, huge distribution network and leading technology platform, the Bank provides a wide range of corporate banking and retail banking products and services to a wide range of customers. At the same time, it also carries out financial market business and asset management business. The scope of business also covers investment banking, fund management, financial leasing, life insurance and other fields. By the end of 2022, the Bank's total assets were RMB 33,27.533 billion (RMB, same below), total customer loans and advances of RMB 197,65.745 billion, absorbed deposits of RMB 251,21,040 billion, capital adequacy ratio of 17.20%, and net profit of RMB 258.688 billion for the year. As of the end of June 2023, the Bank had a total of 22,838 branches in China, including the head office headquarters, head office sales department, 4 head office franchise agencies, 4 training institutes, 37 first-level branches, 408 second-level branches, 3,320 first-level branches, 19,017 grass-roots business institutions, and 46 other institutions. There are 13 overseas branches and 4 overseas representative offices, namely Hong Kong, Singapore, Seoul, New York, Dubai International Financial Center, Dubai, Tokyo, Frankfurt, Sydney, Luxembourg, London, Macau, London, China, Macau and Hanoi branches, and representative offices in Vancouver, Chinese Taipei, Sao Paulo, and Dushanbe. In addition, the Bank also has 16 major holding subsidiaries, including integrated management subsidiaries, overseas subsidiaries, village banks, etc. Since 2014, the Financial Stability Board has included the Bank in the list of global systemically important banks for nine consecutive years. In 2022, the Bank ranked 28th in the US “Fortune” magazine ranking of the world's top 500; in the ranking of the top 1,000 global banks in the British “Banker” magazine, the Bank ranked 3rd in terms of Tier 1 capital. As of the date of publication of this annual report, the Bank's S&P long/short-term issuer credit rating was A/A-1, Moody's long/short-term bank deposit rating was A1/P-1, and Fitch's long/short-term issuer default rating was A/F1+, and the rating outlook was “stable.”