Summary by Moomoo AI
Agricultural Bank of China announced its semi-annual financial report on June 30, 2024, showing its operational status and financial performance. During the reporting period, the agricultural bank saw growth in net interest income, fee and commission net income, while credit impairment losses decreased. The bank's total assets reached 419,845.53 million yuan, total liabilities were 389,280.9 million yuan, and total shareholder equity amounted to 30,564.63 million yuan. The bank's core Tier 1 capital adequacy ratio was 11.13%, Tier 1 capital adequacy ratio was 13.76%, and capital adequacy ratio was 18.45%, all indicating good capital soundness. Additionally, the report mentioned the bank's liquidity coverage ratio, money market concentration ratio, risk management indicators, and the situation regarding loans and advances to restructuring customers. The bank's website is www.abchina.com.cn and www.abchina.com, where investors can find more information.
