Factbox: China's AgBank prepares for massive IPO

(Reuters) - Agricultural Bank of China Ltd's ABC.UL planned initial public offering of more than $23 billion could be the world's largest-ever IPO if it succeeds in pricing.

Beijing-based AgBank plans to list in Hong Kong and Shanghai in mid July [ID:nTOE65301J] and has drawn interest from a slate of sovereign wealth funds.

Following are some key facts about AgBank.

* Total assets as of end-March 2010 stood at 9.5 trillion yuan ($1.391 trillion), ranking it third among China's big banks.

* Net profit at Q1 2010 stood at 25 billion yuan.

* It is forecasting a net profit of at least 82.9 billion yuan for 2010.

* AgBank's non-performing loan ratio was 2.46 percent at Q1 2010, 2.9 at end of 2009.

* It is targeting a core capital adequacy ratio of 8.5 percent to 2010 to 2012.

* The bank is planning to sell up to 47.6 billion shares in the IPO.

* Net profit for 2009 was 65 billion yuan.

* China's other top banks by assets (based on 2009 reports) are: Industrial and Commercial Bank of China (ICBC) (1398.HK) with 11.78 trillion yuan; China Construction Bank Corp (CCB) (0939.HK) (601939.SS) with 9.62 trillion yuan; and Bank of China Ltd (601988.SS) with 7.79 trillion yuan.

* AgBank had 350 million customers -- more than the population of the United States.

* It is the fourth, and last, of the government-owned banks to go public.

* It has more than 24,000 branches, 30,000 ATMs and almost 442,000 employees.

* It was the first commercial bank established in the People's Republic of China in 1951. It was incorporated as a joint stock company in January 2009.

* AgBank is jointly owned by the Ministry of Finance and Central Huijin Investments Ltd. Each owns 130 billion shares.

* It received a 130 billion yuan capital injection from The Central Huijin Investment in 2008.

* AgBank removed 815.7 billion yuan worth of bad assets at face value at end-2007. At end-2009, its capital adequacy and bad-loan ratios were 10.07 percent and 2.91 percent, respectively, the China Daily said in January.

(Sources: 2008 annual report, Reuters reports)

(Reporting by Denny Thomas; Editing by Valerie Lee)