Agricultural Bank Of China Essay

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Agricultural Bank of China
Agricultural Bank of China Limited (also known as AgBank) was founded in 1951, and has its headquarters in Dongcheng district, Beijing. It is one of the “Big Four” banks of china and is committed to build an integrated and multi-functional modern financial service group and has 24,000 branches, 2.7 million corporate clients, and nearly 320 million retail customers. AgBank provides a range of corporate and retail banking products and services for a broad range of customers and conducts treasury operations, fund management, investment banking, life insurance and asset management employing 4,44,238 people and generating a total revenue of $131.89 billion and profits of $28.81 billion. AgBank is the third largest listed …show more content…

Cash Management
5. Trading, Investment Banking, Financial Markets & Financial Institution Business
6. Custody
7. Bank Card Business
8. SME Business
9. other types of corporate intermediary services

• Personal Banking: provides financial products and services to individual customers. Its products and services includes-
1. personal loans (business, housing, consumer)
2. deposit products (personal savings in current account, fixed deposit, foreign currency time & call deposit etc.)
3. card business (Debit cards, Credit cards and use of ATM &Online banking)
4. personal wealth management services
5. Settlement (Payment & settlement, collection & settlement and exchange)
6. other types of personal intermediary services (bill payment, bank transfers and telephone banking)

• Agro-related: Provides financial products and services to farmers and small -medium enterprises in the following manner-
1. Agro-related personal products (benefit card to farmer households, provides business & house loan)
2. Agro-related corporate products (provides loan-working capital, rural infrastructure, urbanization, fertilizers etc.)
3. SMEs in county areas (simple and quick loan for small business, self-service revolving loan for small business, Real estate loan, Mortgage loan …show more content…

AgBank also has 11 overseas branches ,3 overseas representative offices, 1 Joint venture and has 14 major subsidiaries (9 domestic subsidiaries and 5 overseas Subsidiaries - Asia, Europe, North America, Pacific & Africa).
Multi-Channel Electronic Banking System: AgBank provides self-service banking facility-122,800 cash-related banking facilities and 48,500 banking terminals due to which 93%(20,940 million) of the financial transactions are conducted through electronic channels.
PROMOTION: Promotional activities are indispensable to any business venture and AgBank has taken its help in the following manner-
• AgBank has launched various card benefit schemes such as:
1. Kin’s Business benefit card: cardholders are exempted during the agreement period from paying transaction fees for agreed amount of off-site transfer transactions.
2. Kin’s China express card: 1% rebate is returned each month for fuel payments made in the previous

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