Summary by Futu AI
Agricultural Bank of China announced its semi-annual financial report on June 30, 2024, showing its operation and financial performance. During the reporting period, the bank's net interest income, fee and commission net income all increased, while credit impairment losses decreased. The total assets of the bank reached 419,845.53 million RMB, total liabilities were 389,280.9 million RMB, and total shareholders' equity amounted to 30,564.63 million RMB. The bank's core Tier 1 capital adequacy ratio was 11.13%, Tier 1 capital adequacy ratio was 13.76%, and capital adequacy ratio was 18.45%, all indicating good capital adequacy. In addition, the report mentioned the bank's liquidity coverage ratio, money market fund concentration, and other risk management indicators, as well as the situation of loans and advances to restructuring clients. The bank's website is www.abchina.com.cn and www.abchina.com, where investors can obtain more information.