Agricultural Bank of China

The corporations on our annual list posted aggregate revenues of $41 trillion for the second year in a row.

Fortune Global 500

The corporations on our annual list of the world’s largest companies delivered a record $41 trillion in aggregate revenues.

G500-2023-Agricultural Bank of China

One of China’s Big Four banks, the Beijing-based Agricultural Bank of China was previously the Agricultural Cooperative Bank, established in 1951. It broke into the top 50 of the Global 500 in 2020 and is a key player in China’s strategy for rural revitalization, seeking to end rural poverty and modernize the nation’s agricultural sectors. 
<ul> 
 	<li>While the state-controlled commercial bank dropped from No. 28 to No. 32 on the Fortune Global 500 in 2022, it posted $187 billion in revenue and $38.5 billion in profits, a 3% increase from the previous year’s profits.</li> 
 	<li>In July 2023 stock in Agbank, as it is known, tumbled after Goldman Sachs downgraded it and other Chinese lenders, citing investor concerns about their exposure to local government debt and other factors.</li> 
</ul>

Aggregate sales hit $37.8 trillion last year—an increase of 19%, the highest annual growth rate in the list’s history.

G500 2022-28-Agricultural Bank of China

One of China’s “Big Four” state-owned banks, Agricultural Bank of China employed nearly half a million people across almost 23,000 branches in 2021 and is the 16th largest employer on the list. It first broke into the top 50 of the Global 500 in 2020 and has continued that momentum, moving up to this year’s No. 28 ranking. The Beijing-based bank saw 17.9% revenue growth and 19.5% profit growth in 2021. It is a key player in China’s strategy for rural revitalization, with a focus on ending rural poverty and modernizing its agricultural sectors. AgBank’s balances for loans and advances to customers in rural areas reached over $973 billion in 2021, and its balance for loans to small businesses increased 38.8% from the year prior. The bank also bolstered its green and low-carbon transformation strategies and saw a 30.6% increase in its green credit balance and a 35% increase in green bond investments. However, as troubled real estate investments began plaguing China’s big financial institutions in mid-2022, the bank reported in July that it had 660 million yuan in overdue loans on unfinished homes, the most of any bank amid the ongoing mortgage meltdown.

Total revenue for the world’s biggest companies fell 4.8% to $31.7 trillion this year—the first decline in half a decade.

G500-2021-029-Agricultural Bank of China

The Agricultural Bank of China, or ABC, moved up six spots to No. 29 in this year’s Global 500 rankings—the largest jump among China’s top four banks. Since its establishment in 1951, ABC’s remit has been to provide financial services for China’s rural development. With Chinese President Xi Jinping having declared victory over extreme poverty last year, Beijing’s efforts are now directed at rural revitalization, combating rural poverty, and bridging the rural-urban wealth divide. Aligned with Beijing’s goals, ABC ramped up its own strategy last year and increased its loans in 52 lower-income counties by 36%. ABC’s annual profits in 2020 grew 1.6% to $33.4 billion, beating estimates. Its loans for the year hit a record high of $278 billion while its total assets increased 9% to $4.2 trillion.

This year's Fortune Global 500 generated $33.3 trillion in revenues and $2.1 trillion in profits.

G500-2020-35-Agricultural-Bank-of-China

When the Agricultural Bank of China (also known as AgBank or ABC) went public in 2010, it raised $22.1 billion in what was then the world's largest-ever initial public offering. At the time, it had been a Global 500 company for 10 years and had climbed more than 200 spots in the ranking. A decade later, the bank has finally broken into the top 50. Today AgBank is one of China’s biggest commercial lenders, especially in rural areas, where its new loans to counties increased 10.18% in the first half of 2020—even as the pandemic dented China’s economy.

This year's Fortune Global 500 generated $27.7 trillion in revenues and $1.5 trillion in profits.

This year's Fortune Global 500 generated $27.6 trillion in revenues and $1.5 trillion in profits.

The world's 500 largest companies generated $31.2 trillion in revenues and $1.7 trillion in profits in 2014. Together, this year's Fortune Global 500 employ 65 million people worldwide and are represented by 36 countries.

Global business is back. After limping through a worldwide financial crisis and economic slowdown, the 500 largest companies ranked by revenues shattered all sorts of performance records in 2013: They racked up combined revenues of $31.1 trillion, up 2.5% from 2012, and profits soared 27% to nearly $2 trillion. China’s 95 companies (up from 89 last year) posted $5.8 trillion in revenues. The U.S. has four fewer companies on the list than last year but remains (for now) the country leader, with 128 corporations on the list—including No. 1 Wal-Mart Stores—reporting $8.6 trillion in revenues. 

Key Financials (last Fiscal Year)

Revenues ($M)

Profits ($M)

Assets ($M)

Total Stockholder Equity ($M)

Profit Ratios

Profit as % of Revenues

Profits as % of Assets

Profits as % of Stockholder Equity

One of China’s “Big Four” banks, the Agricultural Bank of China has $5.6 trillion in assets as of August 2024, making it the world’s second-largest bank by assets, according to S&amp;P Global. The bank offers both personal and business banking, with 52% of its revenues from retail customers and 39% from corporate clients. Founded in 1952, the bank was reestablished in 1979 as part of China’s economic reforms. In 2010, its dual initial public offering in Hong Kong and Shanghai raised $22.5 billion, the largest IPO in history at that time.

Agricultural Bank of China (ACGBY): Company Profile, Stock Price, News, Rankings

legacy

agricultural bank of china

One of China’s “Big Four” banks, the Agricultural Bank of China has $5.6 trillion in assets as of August 2024, making it the world’s second-largest bank by assets, according to S&P Global. The bank offers both personal and business banking, with 52% of its revenues from retail customers and 39% from corporate clients. Founded in 1952, the bank was reestablished in 1979 as part of China’s economic reforms. In 2010, its dual initial public offering in Hong Kong and Shanghai raised $22.5 billion, the largest IPO in history at that time.

Agricultural Bank of China

Agricultural Bank of China in Fortune Rankings

Agricultural Bank of China stock chart