Financial Performance - The bank achieved a net profit of RMB 258.688 billion for the year 2022, reflecting its strong financial performance[2]. - Net profit for 2022 was RMB 258.7 billion, an increase of 6.9% compared to the previous year[21]. - Operating income for 2022 was RMB 725,499 million, slightly up from RMB 721,746 million in 2021[16]. - The net interest income for 2022 was RMB 589,966 million, an increase of 2.0% from RMB 577,987 million in 2021[16]. - The company's operating income for 2022 was RMB 725.499 billion, reflecting a slight increase of RMB 3.753 billion or 0.5% year-on-year[39]. - The average yield on interest-earning assets decreased to 3.57% in 2022 from 3.70% in 2021, while the net interest margin fell to 1.73% from 1.96%[41]. - The company achieved net interest income of RMB 589.966 billion, an increase of RMB 11.979 billion or 2.1% compared to 2021, accounting for 81.3% of total operating income[40][41]. - The company reported a decrease in credit impairment losses to RMB 145.267 billion, down RMB 20.619 billion or 12.4% from 2021[39]. Asset and Liability Management - As of the end of 2022, Agricultural Bank of China reported total assets of RMB 33,927.533 billion, with total customer loans and advances amounting to RMB 19,765.745 billion[2]. - The bank's total liabilities increased to RMB 31,253,082 million, a rise of 17.3% from RMB 26,647,796 million in 2021[16]. - Total assets reached RMB 33.9 trillion by the end of 2022, with a customer loan and advance total of RMB 19.8 trillion, an increase of RMB 2.59 trillion, representing a growth rate of 15.1%[21]. - The bank's total liabilities showed stable growth, enhancing the foundation for liability sources and improving the diversity of the liability structure[82]. - The total liabilities reached RMB 312,530.82 billion, up RMB 46,052.86 billion or 17.3% year-over-year, with deposits increasing by RMB 32,139.13 billion or 14.7%[76]. Capital Adequacy and Risk Management - The capital adequacy ratio stood at 17.20% as of the end of 2022, indicating a solid capital position[2]. - Capital adequacy ratio stood at 17.20%, an increase of 7 basis points from the end of the previous year[21]. - The bank's credit risk management has been enhanced with a focus on "one household, one policy" for key areas like real estate and large corporate clients[23]. - The bank's non-performing loan ratio decreased to 1.37%, marking a continuous decline for two consecutive years[21]. - The non-performing loan ratio remained stable, with a focus on managing liquidity, interest rate, and exchange rate risks effectively[82]. - The non-performing loan balance was RMB 271.062 billion, an increase of RMB 25.280 billion from the previous year, with a non-performing loan ratio of 1.37%, a decrease of 0.06 percentage points[181]. Customer Deposits and Loans - The bank's total deposits reached RMB 25,121.040 billion, showcasing its robust deposit base[2]. - Total customer deposit balance reached RMB 28.2 trillion, with an increase of RMB 4.2 trillion, reflecting a growth rate of 17.7%[21]. - The total amount of deposits absorbed reached RMB 25,121,040 million, a growth of 14.0% from RMB 21,907,127 million in 2021[16]. - Customer loans and advances totaled RMB 19,765,745 million, up 15.5% from RMB 17,175,073 million in the previous year[16]. - The balance of personal loans increased by 428.07 billion RMB year-on-year, also leading the industry[98]. Digital Transformation and Innovation - Agricultural Bank of China is actively implementing strategies in rural revitalization and digital operations to enhance its service offerings[2]. - The bank's online personal banking monthly active customers reached 172 million, maintaining a leading position in the industry[23]. - The company has initiated the construction of a digital business operation center and a data center in Inner Mongolia to support digital transformation[139]. - The bank's digital RMB services expanded to include public wallet opening, exchange, and payment services, enhancing its capabilities in key industries[122]. - The company is advancing the construction of a digital credit management platform to strengthen data foundations and system support for credit management[182]. Green Finance and Social Responsibility - The bank is committed to green finance, focusing on projects that support environmental improvement and resource efficiency[5]. - The balance of green credit reached CNY 2.6975 trillion by the end of 2022, with a growth rate of 36.4%, surpassing the bank's overall growth rate by 21.3 percentage points[36]. - The bank's focus on green finance and support for small and micro enterprises has led to rapid loan growth in key areas[22]. - The company launched new financial products such as "Smart Livestock Loan" and "Rural Living Environment Loan" to enhance service capabilities[154]. - The company is committed to enhancing financial services for rural revitalization, with a focus on food security and rural industry development[156]. International Operations and Market Presence - Agricultural Bank of China operates a vast network with 22,788 domestic branches and 13 overseas branches, enhancing its market presence[2]. - The bank's international settlement volume reached $1,615.913 billion in 2022, with international trade financing business volume at $168.849 billion, marking significant growth in cross-border financial services[123]. - The bank's overseas branches and holding institutions had total assets of $158.75 billion by the end of 2022, achieving a net profit of $600 million for the year[123]. - The bank processed trade facilitation business worth $80.6 billion in 2022, representing a growth of 212.4%[124]. - The bank's cross-border RMB business volume reached ¥23.2 trillion in 2022, with the Dubai branch handling RMB clearing business worth ¥92.1 billion, an increase of 157%[124]. Employee and Organizational Development - The total number of employees as of the end of 2022 is 452,258, with 25.9% located in the western region of China[142][143]. - Employee educational background shows that 58.3% hold a bachelor's degree, while only 0.1% have a doctoral degree[144]. - The company has implemented a salary policy that links total salary levels to operational efficiency and performance assessment results[140]. - The company has enhanced its risk control organizational system to continuously improve internal supervision and risk prevention capabilities[139]. - The company has established a green finance/carbon peak and carbon neutrality working committee to strengthen strategic coordination in green finance[139].
农业银行(01288) - 2022 - 年度财报