China Agricultural Bank Co., Ltd., referred to as Agricultural Bank, is a state-owned joint-stock bank in People's Republic of China (PRC). It is one of the four traditional state-owned commercial banks, and its assets rank third among mainland banks in China.
As early as 195 1, the former Peasant Bank of China and the Cooperative Bank of the Republic of China merged into the Agricultural Cooperative Bank. 1952, this bank was merged into the People's Bank of China, and the Agricultural Bank of China itself took the Agricultural Cooperative Bank as one of its predecessors.
Today's Agricultural Bank of China was re-established on March 1979. By the end of March, 20 10, China Agricultural Bank had total assets of 9,499.5 billion yuan, deposits of 74976 18 billion yuan, loans of 4/kloc-0.38/kloc-0.87 billion yuan, and annual net profit of 565.438+0.453 billion yuan.