Company profile

Future of Agricultural Bank of China

#
Rank
104
| Quantumrun Global 1000

Agricultural Bank of China Limited (ABC) belongs to the "Big Four" banks in China. It is also known as AgBank and established in 1951. Its headquarters is in Dongcheng District, Beijing. Its branches are found in the mainland of China, Singapore, Hong Kong, Tokyo, Seoul, Frankfurt, New York, London, and Sydney.

Home Country:
Sector:
Industry:
Banks - Commercial and Savings
Founded:
1979
Global employee count:
496698
Domestic employee count:
495910
Number of domestic locations:
23600

Financial Health

Revenue:
$657190000000 CNY
3y average revenue:
$694090666667 CNY
Operating expenses:
$197049000000 CNY
3y average expenses:
$215588333333 CNY
Funds in reserve:
$218208000000 CNY
Market country
Revenue from country
0.97

Asset Performance

  1. Product/Service/Dept. name
    Corporate banking
    Product/Service revenue
    241764000000
  2. Product/Service/Dept. name
    Retail banking business
    Product/Service revenue
    194215000000
  3. Product/Service/Dept. name
    Treasury operations
    Product/Service revenue
    56317000000

Innovation assets and Pipeline

Global brand rank:
20
Total patents held:
16
Number of patents field last year:
34

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.

*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.

*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.

COMPANY’S FUTURE PROSPECTS

Company Headlines