Newsletter
Weather
Community
English home Forum Photo Gallery Features Newsletter Archive   About US Help Site Map
China
World
Opinion
Business
Sci-Edu
Culture/Life
Sports
Photos
 Services
- Newsletter
- Online Community
- China Biz Info
- News Archive
- Feedback
- Voices of Readers
- Weather Forecast
 RSS Feeds
- China 
- Business 
- World 
- Sci-Edu 
- Culture/Life 
- Sports 
- Photos 
- Most Popular 
- FM Briefings 
 Search
 About China
- China at a glance
- China in brief 2004
- Chinese history
- Constitution
- Laws & regulations
- CPC & state organs
- Ethnic minorities
- Selected Works of Deng Xiaoping

Home >> Business
UPDATED: 08:20, February 06, 2006
Agricultural Bank of China rises to 2nd largest in total assets
font size    

The Agricultural Bank of China (ABC) is now the second largest bank in China in terms of total assets, according to the bank's latest report.

The statistics from the ABC, one of China's big four commercial banks, revealed that the bank's total assets had hit 4.88 trillion yuan (605 billion US dollars) by the end of 2005, second only to the Industrial and Commercial Bank of China (ICBC).

According to the ABC, the bank's deposit balance exceeded 4 trillion yuan by the end of last year, with the loan balance amounting to 2.8 trillion yuan.

The ABC said its non-performing loan (NPL) ratio had been whittled down to 26.31 percent by the end of last year, 0.51 percent lower than the beginning of last year.

The ABC is still working on its joint-stock reform and listing plan in line with China's commitments to the World Trade Organization to open its banking industry to foreign competition by late 2006.

Source: Xinhua


Comments on the story Comment on the story Recommend to friends Tell a friend Print friendly Version Print friendly format Save to disk Save this


   Recommendation
- Text Version
- RSS Feeds
- China Forum
- Newsletter
- People's Comment
- Most Popular
 Related News
- ABC bank to restructure by end of '06

- China disposes of over 839 bln yuan in non-performing banking assets

- Sharp rise in China's banking assets


Manufacturers, Exporters, Wholesalers - Global trade starts here.
Copyright by People's Daily Online, all rights reserved