ACGBY AGRICULTURAL BK CH
- 11.090
- -0.140-1.25%
- 11.220
- +0.130+1.17%
AGRICULTURAL BK CH News
Agricultural Bank Semi-Annual Report 2024
Agricultural Bank 2024 Semi-Annual Report Summary
Agricultural Bank of China (01288.HK) issued 50 billion yuan worth of bonds.
The Agricultural Bank of China (01288.HK) announced on August 30 that, with the approval of relevant regulatory institutions, the bank has publicly issued the "China Agricultural Bank Co., Ltd.'s 2024 First Phase Total Loss Absorption Capacity Non-Capital Bonds (Bond Connect)" in the national interbank bond market, which completed its issuance on August 30, 2024. The total size of this bond issue is 50 billion yuan, divided into three types, of which Type 1 is a 4-year fixed-rate bond, with an issue size of 35 billion yuan and a coupon rate of 2.18%, with a conditional redemption right for the issuer at the end of the third year; Type 2 is a 6-year fixed...
Agricultural Bank of China's Profit Rises in H1
ABC: ANNOUNCEMENT ON THE RESOLUTIONS OF THE BOARD OF DIRECTORS
[Hong Kong Stock Connect] Agricultural Bank of China (01288) reported a 1.99% year-on-year increase in net income attributable to shareholders in the first half of the year, with a dividend of 1.164 RMB per 10 shares.
Jingu Financial News | Agricultural Bank of China (01288) announced that for the six months ended June 30, 2024, the net income attributable to shareholders was 135.892 billion yuan, an increase of 1.99% year-on-year, with basic earnings per share of 0.37 yuan. It is planned to distribute a dividend of 1.164 yuan (including tax) per 10 shares. During the period, the bank's revenue was 367.14 billion yuan, an increase of 0.37% year-on-year. During the period, the bank achieved net interest income of 290.848 billion yuan, an increase of 0.427 billion yuan compared to the previous year, of which the increase in scale led to a net interest income increase of 32.223 billion yuan, and the change in interest rates led to
Agricultural Bank of China Announces Mid-Year Financials
Agricultural Bank of China's revenue for the first half of the year was 367.1 billion yuan, with a net income of 136.5 billion yuan.
Agricultural Bank of China (01288.HK) announced that for the six-month period ending June 30, 2024, its operating income was 367.1 billion yuan, with a net income of 136.5 billion yuan, representing a year-on-year growth of 0.4% and 2.0%, respectively. The average return on total assets was 0.67%, the weighted average return on net assets was 10.75%, and the cost-to-income ratio was 27.44%. The overall operational efficiency has improved. As of the end of June, the total assets of the group amounted to 42 trillion yuan, a year-on-year increase of 5.3%; among which, the total amount of customer loans and advances was 24.4 trillion yuan, a year-on-year increase of 7.8%.
Agricultural Bank of China 1H Net CNY135.89B Vs. Net CNY133.23B >1288.HK
Express News | Agricultural Bank of China - on 5 Nov Will Pay Cash Dividends of RMB5.32 per Preference Share
Express News | Agricultural Bank of China - as at Hy End Non-Performing Loan Ratio 1.32%
Express News | Agricultural Bank of China H1 Operating Expenses RMB 108,679 Million
ABC: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Banks' stocks are experiencing a "rare" big drop, JPMorgan: There is no reason for it!
JPMorgan believes that the trend of funds flowing into high-yielding stocks will continue, and the performance of bank stocks is not significantly below expectations. The performance growth rate of JPMorgan, Bank of Communications, Ningbo Bank, and China Citic Bank in the first half of 2024 and expected earnings for the fiscal year 2024 are still on track, so there is no need to overly worry about banks reducing dividends due to capital pressure.
The effect of interest rate cuts on deposits is gradually becoming apparent, with interest expenses of many national banks decreasing in the first half of the year, and some banks reducing by more than 7%.
① According to the semi-annual reports of joint stock banks and state-owned banks, although the trend of deposit regularization is obvious, and coupled with the expansion of deposit scale, the cost of debt has actually been reduced for many banks. ② Recent earnings conferences have shown that executives of various banks have expressed the need to adjust the asset-liability structure, strengthen cost control of liabilities, and attract low-cost deposits. This will be the focus and deployment direction for commercial banks in the second half of the year.
Signal of disintegration of the group? The collectively broken bank stocks that continuously hit new highs.
Using the name of solidarity to engage in speculation in reality?
Guotou Securities: ETF over allocation + market under allocation + minimal selling pressure will continue to receive sustained pricing.
Guotou Securities believes that if equity ETF passive investment becomes the main source of incremental capital in the future, it will not only be a short-term stabilization factor, but also a direction that can achieve sustained pricing with ETF over-allocation, market under-allocation, and low selling pressure.
Bank stocks firmly hold the "iron throne"! The total market value of the six major banks surpasses that of the GEM, with multiple stocks reaching new highs this year.
①The total market value of the six major banks has increased from 6.64 trillion yuan at the end of last year to the current 8.79 trillion yuan, with a total market value increase of over 2 trillion yuan. ②The total market value of the chinext price index has decreased from 11.39 trillion yuan at the end of last year to the current 8.67 trillion yuan.
Agricultural Bank of China Schedules 2024 Interim Results Webcast
A new round of interest rate cuts for deposits is about to end its first month: small and medium-sized banks continue to follow suit, and some banks have made a second adjustment within the month. Is there still room for further cuts?
① In the context of market interest rate decline, banks are facing continuous pressure to narrow their net interest margin. Some banks have directly lowered deposit interest rates, while others have adjusted them in a phased manner. ② The phenomenon of inverted deposit interest rates is the result of the combined effects of macroeconomic conditions, bank operational strategies, policy guidance, and market expectations.
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