Edition:
United States

Agricultural Bank of China Ltd (601288.SS)

601288.SS on Shanghai Stock Exchange

3.59CNY
21 Aug 2018
Change (% chg)

¥0.02 (+0.56%)
Prev Close
¥3.57
Open
¥3.57
Day's High
¥3.62
Day's Low
¥3.56
Volume
174,802,351
Avg. Vol
244,207,409
52-wk High
¥4.82
52-wk Low
¥3.25

Latest Key Developments (Source: Significant Developments)

Agricultural Bank of China to pay 2017 A shares dividend on May 25
Sunday, 20 May 2018 11:09pm EDT 

May 21(Reuters) - Agricultural Bank of China Ltd <601288.SS>:Says it will pay a cash dividend of 0.1783 yuan per share (before tax) for 2017, to shareholders of A shares recorded on May 24 .Says the company's shares will be traded ex-right and ex-dividend on May 25 and the dividend will be paid on May 25 .  Full Article

Agricultural Bank Of China Receives Approval On Qualification Zhou Wanfu Of Co From CBIRC
Thursday, 12 Apr 2018 05:03am EDT 

April 12 (Reuters) - Agricultural Bank Of China Ltd <601288.SS>::ZHOU WANFU WAS APPOINTED AS SECRETARY TO BOARD, COMPANY SECRETARY AND AN AUTHORISED REPRESENTATIVE OF BANK.ZHANG KEQIU WILL NO LONGER SERVE AS BANK'S SECRETARY TO BOARD, COMPANY SECRETARY AND AUTHORISED REPRESENTATIVE.RECEIVED APPROVAL ON QUALIFICATION ZHOU WANFU OF AGRICULTURAL BANK OF CHINA LIMITED FROM CBIRC.  Full Article

Agricultural Bank Of China Receives Approval For Issuance Of Tier 2 Capital Bonds
Tuesday, 3 Apr 2018 06:18am EDT 

April 3 (Reuters) - Agricultural Bank Of China <601288.SS>::BANK RECEIVED APPROVAL OF ISSUANCE OF TIER-2 CAPITAL BONDS FROM CHINA BANKING REGULATORY COMMISSION.AMOUNT OF ISSUANCE OF TIER-2 CAPITAL BONDS WILL BE NO MORE THAN RMB40 BLN.BANK ALSO RECEIVED AFFIRMATIVE DECISION OF ADMINISTRATIVE LICENSE FROM PEOPLE'S BANK OF CHINA.  Full Article

Agricultural Bank Of China President Zhao: To Speed Up The Disposal Of Bad Loans
Tuesday, 27 Mar 2018 03:50am EDT 

March 27 (Reuters) - Agricultural Bank Of China Ltd <601288.SS>::AGRICULTURAL BANK OF CHINA PRESIDENT ZHAO HUAN: SEEK TO MAINTAIN STABLE DIVIDEND YIELD AFTER COMPLETING FUNDRAISING PLAN.AGRICULTURAL BANK OF CHINA PRESIDENT ZHAO: TO SPEED UP THE DISPOSAL OF BAD LOANS.AGRICULTURAL BANK OF CHINA PRESIDENT ZHAO: BAD LOAN DISPOSAL IN 2017 WAS 160 BILLION YUAN.AGRICULTURAL BANK OF CHINA VICE PRESIDENT ZHANG KEQIU: TIGHT REGULATION TO HURT RETURNS FROM ASSET MANAGEMENT AND WEALTH MANAGEMENT BUSINESS IN 2018.  Full Article

Agricultural Bank Of China ‍Announces Prelim Financial Data For 2017
Monday, 12 Mar 2018 04:53am EDT 

March 12 (Reuters) - Agricultural Bank Of China Ltd <601288.SS>::‍FY OPERATING INCOME RMB537,041 MILLION, UP 6.13​ PERCENT.FY ‍NET PROFIT ATTRIBUTABLE RMB192,962 MILLION VERSUS RMB183,941 MILLION​.2017 NET INTEREST MARGIN 2.28 PERCENT VERSUS 2.25 PERCENT.NON-PERFORMING LOAN RATIO AS AT DEC. 31, 2017 WAS 1.81 PERCENT VERSUS 2.37 PERCENT AS AT DEC. 31, 2016.  Full Article

Agricultural Bank Of China Announces Proposed Private Placement of A Shares
Monday, 12 Mar 2018 04:48am EDT 

March 12 (Reuters) - Agricultural Bank Of China Ltd <601288.SS>::‍BOARD RESOLVED TO APPROVE BANK'S PRIVATE PLACEMENT OF NO MORE THAN 27.47 BILLION A SHARES​.‍PROCEEDS FROM PRIVATE PLACEMENT SHALL NOT EXCEED RMB100 BILLION​.RESOLVED TO SUBMIT TO THE EGM A PROPOSAL ; BOARD MAY ALLOT, ISSUE UP TO 58.81 BILLION A SHARES AND/OR 6.15 BILLION H SHARES.PROCEEDS FROM PRIVATE PLACEMENT WILL BE FULLY USED TO REPLENISH CET 1 CAPITAL OF BANK.TARGET SUBSCRIBERS INCLUDE HUIJIN, MOF, CHINA NATIONAL TOBACCO CORP, SHANGHAI HAIYAN INVESTMENT MANAGEMENT AND NCI.  Full Article

Agricultural Bank Of China ‍Receives CBRC​ Approval On Qualification Of Guo Ningning As Executive Director​
Wednesday, 14 Feb 2018 03:33am EST 

Feb 14 (Reuters) - Agricultural Bank Of China Ltd <601288.SS>::‍GUO NINGNING WAS ELECTED AS AN EXECUTIVE DIRECTOR​.‍BANK HAS RECEIVED APPROVAL ON QUALIFICATION OF GUO NINGNING OF CO FROM CBRC​.  Full Article

Agricultural Bank Of China ‍Board Approves Dividend Payment Scheme Of 2017-2018 For Second Tranche Of Preference Shares
Thursday, 11 Jan 2018 04:35am EST 

Jan 11 (Reuters) - Agricultural Bank Of China Ltd <601288.SS>::‍ON MONDAY, 12 MARCH 2018 BANK WILL PAY CASH DIVIDENDS OF RMB5.50 PER PREFERENCE SHARE​.BOARD CONSIDERED AND APPROVED FIXED ASSETS INVESTMENT BUDGET OF BANK FOR 2018.BOARD CONSIDERED AND APPROVED DIVIDEND PAYMENT SCHEME OF 2017-2018 FOR SECOND TRANCHE OF PREFERENCE SHARES.  Full Article

Agricultural Bank of China posts Q3, Jan-Sept financial results
Monday, 30 Oct 2017 05:35am EDT 

Oct 30 (Reuters) - Agricultural Bank of China Ltd <601288.SS><1288.HK>:Says Q3 net profit up 4.9 percent y/y.Says 9-month net profit up 3.8 percent y/y.Says bank's tier 1 capital adequacy ratio at 11.13 percent at end of Sept.Says non performing loan ratio at 1.97 percent at end-Sept .  Full Article

Agricultural Bank of China issues tier-2 capital bonds worth 40 bln yuan
Wednesday, 18 Oct 2017 01:43am EDT 

Oct 18(Reuters) - Agricultural Bank of China Ltd <601288.SS>:Says it issued tier-2 capital bonds worth 40 billion yuan, with coupon rate of 4.45 percent .  Full Article

Photo

China's Big Five banks log fastest first-quarter profit growth in four years

BEIJING/SHANGHAI China's Big Five state-owned banks posted their fastest first-quarter net profit growth in four years, while their ratio of soured debt remained steady.