China News Service, Beijing, August 30 (Reporter Wei Xi) On August 30, the Agricultural Bank of China released its 2020 interim performance report. In the first half of the year, ABC achieved a net profit of 109.19 billion yuan, successfully issued 85 billion yuan of perpetual bonds and 40 billion yuan of secondary capital bonds, with a capital adequacy ratio of 16.42%, an increase of 0.29 percentage points from the end of the previous year. The cost-to-income ratio was 24.64%, a year-on-year decrease of 1.11 percentage points.
As of the end of June, the total assets of ABC reached RMB 26.47 trillion, an increase of 6.4% from the end of the previous year; the balance of deposits received reached RMB 20.36 trillion, an increase of 8.0% from the end of the previous year; the total amount of loans and advances issued reached RMB 14.55 trillion. This was an increase of 8.9% from the end of the previous year.
During the same period, ABC’s non-performing loan balance was 207.745 billion yuan, an increase of 20.535 billion yuan from the end of the previous year. The non-performing rate was 1.43%, a slight increase of 0.03 percentage points from the end of the previous year. The asset quality was generally stable. The provision coverage ratio was 284.97%, continuing to maintain a relatively high level.
In the first half of the year, the Agricultural Bank of China issued 1.17 trillion yuan in new physical loans, an increase of 225.9 billion yuan year-on-year; the interest rate of newly issued physical loans was 4.44%, a 39 basis point decrease from the previous year.
According to data from the Agricultural Bank of China, in the first half of the year, a total of 33.564 billion yuan of loans have been granted to 1082 key national epidemic prevention and control enterprises; loans to key enterprises for stable production and supply of agricultural products increased by 40% from the beginning of the year, and loans related to the pig industry nearly doubled from the beginning of the year. Adhere to "no borrowing, continuous lending, and no pressure on loans", a total of 35,000 small, medium and micro enterprises and individual industrial and commercial households have been provided with relief support such as loan extension and renewal. Actively serve the conversion of new and old kinetic energy. Manufacturing (according to loan investment) has 203,400 loan customers and 1.46 trillion yuan in loan balance, an increase of 47,700 and 143.62 billion yuan respectively from the beginning of the year;
At the same time, the Agricultural Bank of China issued a special policy to support poor counties without hats. The loan balance of 52 poor counties without hats was 71.42 billion yuan, an increase of 25.2% from the beginning of the year, which was 16.3 percentage points higher than the bank's loan growth rate. (Finish)