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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
March 2014
2013 Annual Results Announcement
IFRS
Beijing / Hong Kong
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Disclaimer
No information contained in this material constitutes any offer of, or any invitation for the purchase or
subscription of, the securities of Agricultural Bank of China (“the Company”) in Hong Kong, the United States
and other regions. The securities of the Company have not been registered in accordance with the U.S.A.
Securities Act of 1933 and its amendments, and cannot be offered or sold in the United States, except that they
have been duly registered, or exempted from registration, according to applicable laws.
This material contains “forward-looking statements” as defined under Section 27A of the U.S.A. Securities Act
of 1933, as amended, and Section 21E of the U.S.A. Securities Exchange Act of 1934, as amended. Such
forward-looking statements involve known or unknown risks, uncertainties and other factors, and have been
made based on the Company’s anticipation, assumption, estimate and forecast of the industry in which it
operates. Unless law provides otherwise, the Company undertakes no obligation to update the aforesaid
forward-looking statements so as to reflect the latest events or situations, or alter its estimates accordingly.
Though the Company believes that the estimates in such forward-looking statements are reasonable, it does
not guarantee that these estimates will prove to be correct in the future. The investors should understand that
the actual outcomes may be different from the forecast results.
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Results Overview
Financial Performance
Business Development
County Area Banking Business
Future Outlook
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Financial Summary (1): Balance Sheet Indicators
December 31, 2013Unit: RMB 100 million December 31, 2012
Total assets
Total loans and advances
Total liabilities
Total deposits
Shareholder’s equity
Core capital adequacy ratio (by the old rule)
Total capital adequacy ratio (by the old rule)
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Non-performing loan (NPL) ratio
Allowance to NPL ratio
Allowance to Total Loan ratio
Tier-1 capital adequacy ratio (by the new rule)
Total capital adequacy ratio (by the new rule)
Note: The new rule refers to the Capital Rules for Commercial Banks (Provisional), and the old rule refers to the Rules for
the Management of Capital Adequacy Ratio of Commercial Banks.
145,621
72,247
137,176
118,114
8,445
9.81%
12.57%
1.22%
367.04%
4.46%
9.25%
11.86%
132,443
64,334
124,930
108,629
7,514
9.67%
12.61%
Not applicable
Not applicable
1.33%
326.14%
4.35%
9.9%
12.3%
9.8%
8.7%
12.4%
0.14 pps
0.04 pps
0.11 pps
40.9 pps
0.11 pps
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Financial Summary (2): Income Statement and Profitability
Indicators
Net interest income
Net fees and commission income
Operating income
Profit before tax
Net profit
EPS (RMB yuan)
Net interest margin (NIM)
Cost-to-income ratio
Return on Average Assets (ROAA)
Weighted Average Return on Equity
Unit: RMB 100 million December 31, 2013
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December 31, 2012
3,419
748
4,250
1,879
1,451
0.45
2.81%
36.76%
1.16%
20.74%
3,762
832
4,658
2,142
1,662
0.51
2.79%
36.30%
1.20%
20.89%
10.0%
11.1%
9.6%
14.0%
14.5%
13.3%
0.02 pps
0.46 pps
0.04 pps
0.15 pps
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Results Overview
Financial Performance
Business Development
County Area Banking Business
Future Outlook
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Loan Business: Steady Growth in Total Loans with Continuous
Optimization of Loan Structure
Steady Growth of Loan Balance
Unit: RMB 100 million
Increasing Share of Retail Loans
Unit: RMB 100 million
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14,30517,073
20,933
25.4%26.5%
29.0%
2011 2012 2013Total retail loans As % of total loans
Rapid Growth of Loans to SMEs
Unit: RMB 100 million
Moderate Increase in Share of Mid- to
Long-Term Corporate Loans
Unit: RMB 100 million
22,906 23,754
25,875
57.4%53.6% 54.7%
2011 2012 2013Total mid- to long-term corporate loans
As % of corporate loans
56,399 64,33472,247
2011 2012 2013
4,786
6,562
8,133
2011 2012 2013
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Deposit Business: Stable Deposit Structure
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Steady Growth of Deposit Balance
Unit: RMB 100 million
Stable Share of Demand Deposits
Stable Share of Personal Deposits
96,220
108,629
118,114
2011 2012 2013
54.6% 54.8%
52.1%
53.5%54.6%
2012 2013Q1 2013H1 2013Q3 2013
59.1% 59.6%58.8% 59.0% 58.6%
2012 2013Q1 2013H1 2013Q3 2013
Note: the data includes domestic and overseas demand deposits
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Deposit Business: Proved Low Cost Advantages
Sustained Growth in Average Daily
DepositsUnit: RMB 100 million
Stable Decline in Interest Rate of
Deposit
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91,875
101,624
111,708
2011 2012 2013
1.84%
1.75% 1.75% 1.75%1.74%
2012 2013Q1 2013H1 2013Q3 2013
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Financial Market Business: Continuous Optimization of Bond
Portfolio with Increased Investment Returns
Steady Enhancement in Investment
Returns on Non-Restructuring Bonds
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20,227 22,349
25,331
3.41%
3.80% 3.86%
2011 2012 2013
Total investment in non-restructuring bonds
Investment return
Increasing Share of Policy Bank Bonds
6,477
10,016
12,377
32.0%
44.8%
48.9%
2011 2012 2013
Total policy bank bondsAs % of non-restructuring bonds
Unit: RMB 100 millionUnit: RMB 100 million
Increasing Share of Corporate Bonds
2,305 3,095
3,896
11.4% 13.8%15.4%
2011 2012 2013
Total corporate bonds
As % of non-restructuring bonds
Unit: RMB 100 million
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Electronic Banking Business: Constantly Improve Standards
of E-Services and Consolidate the Channel Advantage
Growing Number of Customers
38,658
9,027 9,001 5,685
51,200
11,343 11,815 8,297
Electronic banking
Online banking
Telephone banking
Mobile banking
2012 2013
Steady Increase in Percentage of
Business Replaced by Electronic BankingCustomers in ’0000
Growing Transaction Volume
1,526,7001,269,000
7424,211
2,012,600
1,702,000
630
15,473
Electronic banking
Online banking
Telephone banking
Mobile banking
2012 2013
Unit: RMB 100 million
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62.6%
67.8%
72.6%
2011 2012 2013
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Results Overview
County Area Banking Business
Future Outlook
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Business Development
Financial Performance
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Profitability: Steady Growth in Net Profit and Continuous
Improvement of Shareholder Returns
Net Profit
Unit: RMB 100 million
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ROAA
ROAE
1,220
1,451
1,662
2011 2012 2013
1.11%
1.16%1.20%
2011 2012 2013
20.46%
20.74%20.89%
2011 2012 2013
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Profitability: Continuous Strengths in Pricing Power
Net Interest Margin (NIM)
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Yields on Interest-Bearing Assets
Cost Rate on Interest-bearing Liabilities
2.81%
2.78%
2.74%
2.75%
2.79%
2012 2013Q1 2013H1 2013Q3 2013
4.39%
4.66% 4.56%
2011 2012 2013
1.66%
1.99% 1.91%
2011 2012 2013
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Intermediary Business: Steady Growth in Net Fee and
Commission Income
Net Fee and Commission IncomeTraditional Businesses Maintain
Leading PositionsUnit: RMB 100 million Unit: RMB 100 million
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206186
126
228 217
159
Settlement & clearing
Agency services
Bank cards2012
2013
New Businesses Keep Growing
Unit: RMB 100 million
160
22
54
25
164
27
66
33
Consultancy & advisory
Credit commitment
Electronic banking
Custodian & other fiduciary
services
20122013
688
748
832
2011 2012 2013
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Costs and Expenses: Cost-to-Income Ratio Posts Year-on-
Year Decline
Expense Growth Remains Slower than
Operating Income Growth & Net Profit GrowthCost-to-Income Ratio
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20.9%
15.7%
8.9%
29.9%
11.9%
9.6%
28.5%
19.0%
14.5%
2011 2012 2013
Growth rate of cost & expense
Growth rate of operating income
Growth rate of net profit
35.9%
36.8%
36.3%
2011 2012 2013
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Asset Quality: Remains Solid
NPL Ratio Continues to Decline
Unit: RMB 100 million
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Both Balance and Ratio of Special
Mention Loans Continue to DeclineUnit: RMB 100 million
874
858
878
1.55%
1.33%1.22%
2011 2012 2013
NPL balance NPL ratio
3,147
2,955
2,763
5.58%
4.59%
3.82%
2011 2012 2013
SML balance SML ratio
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Risk Management: Provision Coverage Keeps Improving
and Credit Costs Decline Steadily
Credit Costs Continue to DeclineProvision Coverage Ratio Increases
Steadily
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263.1%
326.1%
367.0%
4.08%
4.35%
4.46%
2011 2012 2013
Allowance to NPL ratio
Allowance to Total Loan ratio
1.17%
0.90%
0.76%
2011 2012 2013
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Capital Adequacy: In Line With Regulatory Requirements
Core Capital Adequacy Ratio (by the old rule)
Total Capital Adequacy Ratio (by the old rule)
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Capital Adequacy Ratios In Line With Interim
Regulatory Requirements (by the new rule)
9.50%
7.50%
11.86%
9.25%
CAR Tier-1 CAR
Interim requirements for 2013 ABC's CAR
9.50%
9.67%9.81%
2011 2012 2013
11.94%
12.61% 12.57%
2011 2012 2013
Note: The new rule refers to the Capital Rules for Commercial Banks (Provisional), and the old rule refers to the Rules
for the Management of Capital Adequacy Ratio of Commercial Banks.
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
County Area Banking Business
Results Overview
Future Outlook
Business Development
Financial Performance
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
County Area Banking Business: Improving Profitability with
Increasing Contribution to the Bank’s Total Profit
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High Growth in Pre-Tax Profit
Unit: RMB 100 million
Deposit-loan Spread of County Area
Better than Bank Average
557
637
772
35.2% 34.0% 36.1%
2011 2012 2013
Pre-tax profit of county area banking business
% contribution to total profit
4.94%5.11%
4.76%4.51% 4.57%
4.25%
2011 2012 2013
County area Bank
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Significant Differentiated Competitive Advantage and
Strong Momentum of Business Growth
Above-bank-average Loan Growth with
Increasing Share
Increasing Share of County-Area
Personal Deposits
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Stable Share of County-Area Demand
Deposits
17,515
20,492
23,480
31.1%31.9% 32.5%
2011 2012 2013
County-area loans % of bank total
Unit: RMB 100 million
65.7% 66.5% 67.3%
58.5% 59.1% 58.6%
2011 2012 2013
Personal deposits as % of county-area deposits
Total personal deposits as % of bank total deposits
58.2%56.7% 55.9%56.7%
54.6% 54.6%
2011 2012 2013
Demand deposits as % of county-area deposits
Total demand deposits as % of bank total deposits
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Continuous Improvement of Asset Quality
NPL Ratio of County-Area Banking
Business
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Sufficient Provisions for County-Area
Loans
Credit Costs Decline Steadily
1.41% 1.36%
1.07%
2011 2012 2013
1.55%
1.33%1.22%
1.96%
1.66%1.54%
0.41%
0.33%
0.32%
2011 2012 2013
Bank NPL ratio
County-area NPL ratio
Difference in NPL ratio between Bank and County Area
241.78%
315.99%352.85%
4.75%
5.24%
5.44%
2011 2012 2013
Allowance to NPL ratio
Allowance to Total Loan ratio
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Future Outlook
Results Overview
Business Development
Financial Performance
County Area Banking Business
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
县域业务实现差异化发展,将农行建设成
为一流的现代商业银行
Future Outlook
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县域业务
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Achieve differentiated development
through leveraging competitive advantages
and innovative capabilities to build ABC into a
first-class modern commercial bank
County-Area
Banking Business
To consolidate the leading
position in county-area
financial services by
deepening the reform of the
County Area Banking
Division, capturing the
opportunities arising from
urbanization, setting up
diversified channels, and
earnestly servicing the
agricultural value chain, the
agricultural business
system and people’s
livelihood.
Corporate
Business
To speed up the
transformation into an
“Investment-banking-
oriented” business by
coping with interest rate
liberalization
actively, enhancing
intermediary services in
asset management and
financing advisory, and
focusing on cross-selling
and product
development.
Financial services
to SMEs
To provide premium and
comprehensive financial
services to the customer
base centered around the
value chains, commercial
hubs, specialized markets,
industrial zones and
clusters of trade groups
with a clear market
positioning.
Internet-based
Finance
To build a mobile
finance ecosystem
centered around
banking by establishing
an application-oriented
big data system;
expanding mobile
service
channels, speeding up
product innovation and
enhancing cooperation
with third-parties.
International
Finance
To drive the globalization
of products and services
by closely following the
trends of RMB
internationalization and
globalization of domestic
businesses, improving
the cross-border system
and clearing platform of
RMB products, and
exploring innovative
financing channels.
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alpha2014\Presentations to client\2014-03-17 2013 Results Announcement\EN_2013年度业绩推介 - Revised.pptx
Thank you!
Q&A
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