In 2020, the financial reports of various banks were released one after another. In terms of total assets, ICBC still maintains the leading position of the World Bank. The total assets of ABC reached 27 trillion, not far from CCB. Agricultural Bank of China, formerly known as Agricultural Cooperative Bank, was established in 195 1, and is one of the four state-owned commercial banks. In 2007, the National Financial Work Conference determined the reform principles of ABC: facing agriculture, countryside and farmers, overall restructuring, timely commercial operation and listing? . On June 5438+ 10, 2009, China Agricultural Bank established a limited liability company to implement the reform goal of share reform and listing. 20 10 was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange in July.

Generally speaking, China lacks agricultural resources, agricultural land area and water resources. In recent years, with the rise of large-scale urbanization in China, a large number of cultivated land has been transformed into industrial land and residential land. The cultivated land area decreased rapidly from 200 119140,000 mu to 20 1/8.23 million mu, a decrease of 4.7%. Document No.1 of the Central Committee has been attached to the China Municipal Government. Since loans are still the main force to support social financing, a number of preferential policies have been introduced to support private SMEs' financing. Agricultural Bank of China? Small and micro loans for agriculture, rural areas and farmers benefited from preferential policies and maintained a high growth rate. Because the loan yield of ABC is higher than other interest-bearing assets, the higher loan growth rate will become an important force to support the interest-bearing assets yield.

This is a problem of the overall financial environment of the banking industry. 1 1 year later, the bank's profitability dropped sharply, and so did 15 stock market crash. The quality of assets deteriorated. After all, large-scale water release in 2008 led to a sharp increase in credit growth and a slow outbreak of non-performing loans, so banks made a lot of provisions to make up for non-performing assets. Finally, at the national level, the United States is far-sighted. In order to avoid being affected, we must first reform the supply side and eliminate the leverage of enterprises and related departments. At the same time, the requirements for inter-bank and off-balance-sheet business are also strict. Recently, it began to deleverage individuals. This is a very smooth anti-risk route, and it is indeed a way to solve the problems left over from history, so external investors have been worried about banks.

In the deposit structure of Agricultural Bank of China, demand deposit is the main deposit, accounting for 57.7% in the first half of 2065438+2009, ranking first among state-owned banks, significantly higher than the average level of listed banks. A higher proportion of demand deposits can bring lower debt cost to the company, and the low cost of debtors can provide space for small and micro enterprises to reduce financing costs. At present, under the pressure of asset-side rate of return, the advantage of debt-side will become the moat of the company, which makes the net interest margin of ABC much higher than the industry average. The provision coverage ratio of ABC has been much higher than that of other banks, which makes ABC have a strong ability to resist risks. With the improvement of the quality of the above assets, ABC will appropriately reduce the provision coverage ratio and improve the liquidity of funds in 2020. So more funds can enter the market.