日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

 

ABC projects stable costs, higher revenues on eve of listing

0 CommentsPrint E-mail China Daily, July 13, 2010
Adjust font size:

Agricultural Bank of China is emphasizing its fee and commission-based income as the bank pushes further into intermediary services and away from the traditional lending business. [China Daily]



Agricultural Bank of China (ABC) has the potential for bigger profits in the coming years, mainly from its brisk intermediary business, improving asset quality and better cost controls, said ABC's management in the road show.

The last of the country's big-four lenders to go public, ABC is also expected to benefit from its steadily growing scale and decreasing cost pressures.

With the most retail banking customers in the nation, ABC is set to register rapid growth in its fee and commission-based income as the bank further pushes into the intermediary services and away from the traditional lending business, the prospectus said. Initially founded in 1951, ABC has set its sights on the custodian, cash management, third-party custody and other promising sectors to further diversify its revenue streams and gain profits from more than interest rate spreads.

The nation's second-largest bank in assets under custodianship, ABC is raising its profile in the sector by improving services and expanding products.

ABC, which has a complete product line in the custodian business, realized 761 million yuan income from the service in 2009.

With 320 million individual customers by the end of 2009, ABC is also moving to expand its wealth management products and credit card business.

The Beijing-based lender signed up 51,000 customers at its cash management business division by the end of 2009, including 55 of China's top 100 companies and 35 percent of the country's top 500 firms.

The bank provided third-party custody services to 93 brokerages. The compound average annual growth rate of the third-party custody fees income reached 101.1 percent during 2007, 2008 and 2009.

The bank also provides financial advisory, M&A advisory and other investment banking services.

It is also involved in bond sale underwriting, bond investment advisory and consulting and asset-backed securitization business.

The compound average growth rate of ABC's investment banking business during 2007 and 2009 was a staggering 292.2 percent, leading the bank to be named "Best Innovative Investment Bank" and "Best Bond Underwriter" in 2008 and 2009 in the Security Times' annual competition.

ABC also has the most extensive network of outlets among the country's large commercial banks and may also benefit from the steadily growing and increasing quality of its assets, according to its prospectus.

ABC's outstanding loans and deposits amounted to 4.1 trillion yuan and 7.5 trillion yuan by the end of 2009, up 23 percent and 33.5 percent respectively.

1   2   Next  


Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 高淳县| 沽源县| 安仁县| 余庆县| 连城县| 金华市| 巩留县| 武平县| 白朗县| 文成县| 华容县| 明水县| 奉节县| SHOW| 东山县| 津市市| 凌云县| 广南县| 纳雍县| 金平| 吉隆县| 江口县| 保山市| 梧州市| 衢州市| 渭南市| 高淳县| 达州市| 泽州县| 武威市| 怀安县| 上犹县| 儋州市| 仲巴县| 塘沽区| 嵩明县| 禄劝| 九龙坡区| 通州区| 梓潼县| 镇雄县|