2014-03-25 16:00Financial Performance - The bank achieved a net profit of CNY 166.2 billion for the year 2013, reflecting a solid performance in its financial operations[3] - The company achieved a net profit of RMB 166.211 billion in 2013, representing a year-on-year growth of 14.5%[37] - In 2013, the company achieved a net profit of 166.21 billion RMB, an increase of 21.08 billion RMB, representing a growth of 14.5% compared to the previous year[58] - The company's operating revenue reached 462.63 billion RMB, an increase of 40.66 billion RMB, reflecting a growth rate of 9.6%[59] - The bank's operating income totaled RMB 462.63 billion, with corporate banking contributing RMB 251.40 billion (54.3%) and personal banking contributing RMB 178.91 billion (38.7%) in 2013[97] Asset and Liability Management - As of the end of 2013, the total assets of Agricultural Bank of China amounted to CNY 14,562.1 billion, with total deposits of CNY 11,811.4 billion and total loans of CNY 7,224.7 billion[3] - Total assets reached RMB 14,562,102 million in 2013, up from RMB 13,244,342 million in 2012, representing a growth of 9.9%[27] - The bank's total liabilities increased to RMB 13,717,565 million in 2013, up from RMB 12,492,988 million in 2012[27] - Total liabilities as of December 31, 2013, amounted to RMB 13,717.57 billion, an increase of RMB 1,224.58 billion or 9.8% from the previous year[125] - Customer deposits reached RMB 11,811.41 billion, growing by RMB 948.48 billion or 8.7% year-over-year, with corporate deposits increasing by 8.3% and personal deposits by 7.8%[126] Loan and Deposit Growth - The total amount of loans and advances increased to RMB 7,224,713 million in 2013, up 12.3% from RMB 6,433,399 million in 2012[27] - New loans totaled 791.314 billion yuan, with a growth rate of 12.3%[43] - Personal loans increased by RMB 3,859.82 billion, a growth of 22.6%, totaling RMB 2,093.305 billion as of December 31, 2013[106] - The proportion of personal housing loans was 61.7%, totaling RMB 1,292.007 billion, with a year-on-year increase of RMB 2,410.08 billion or 22.9%[111] - The bank's total investment in government bonds decreased by 3.5 percentage points, attributed to the maturity of certain government bonds held[119] Risk Management - The capital adequacy ratio stood at 11.86%, while the non-performing loan ratio was reported at 1.22%, indicating a stable risk management framework[3] - The non-performing loan ratio improved to 1.22% in 2013, down from 1.33% in 2012[21] - The non-performing loan ratio decreased to 1.22%, while the provision coverage ratio increased to 367.04%[37] - The bank's risk management framework was strengthened, with a 40.90 percentage point increase in the provision coverage ratio[45] - The company aims to strengthen its risk management framework, focusing on modern risk management systems and closely monitoring policy adjustments' impacts on various sectors[53] Dividend and Shareholder Returns - The bank proposed a cash dividend of CNY 1.77 per 10 shares, totaling CNY 57.5 billion to be distributed to shareholders[7] - Shareholders' equity totaled RMB 844.54 billion as of December 31, 2013, up from RMB 751.35 billion in 2012, reflecting a growth of 12.4%[131] - The bank's net asset value per share was RMB 2.60, indicating a solid capital position[131] Strategic Initiatives and Future Plans - The bank is focused on expanding its services to rural areas, emphasizing its commitment to the "Three Rural Issues" (agriculture, rural areas, and farmers)[3] - The company plans to enhance its service capabilities for the agricultural sector and the real economy, focusing on sustainable development[38] - The company aims to deepen reforms and stimulate operational vitality through optimizing business processes and improving incentive mechanisms[39] - The company will continue to implement a three-year development plan, emphasizing the optimization of resource allocation and the promotion of urban-rural integration[56] - The bank plans to enhance its comprehensive financial service capabilities and accelerate innovation in internet finance and asset management[46] Customer and Market Expansion - The bank operates a vast network with 23,547 domestic branches and 7 overseas branches, enhancing its market presence[4] - The bank's electronic banking customer base grew to 512 million by the end of 2013, representing a 32.3% increase year-on-year, with total electronic channel transactions reaching 44.595 billion, up 40.9%[182] - The total number of registered personal online banking customers reached 110.88 million, with a total transaction amount of 92.83 trillion yuan, representing a year-on-year growth of 27.8%[183] - The bank's international settlement volume reached 781.082 billion USD, a growth of 16.4% year-on-year, while cross-border RMB settlement volume was 641.004 billion RMB, up 66.7% year-on-year[153] - The bank's cash management customer base reached 254,000, growing by 56.8% year-on-year, with a total cash management transaction volume of 144.2 trillion RMB, an increase of 33.3% year-on-year[152]