ABC Online Roadshow

Agricultural Bank A-share issue entered the final sprint stage.　　Today, 14:00-18:00, the Board of Agricultural Bank of China Limited and the main management members of the joint underwriter of the relevant personnel on its share of the issue of the online roadshow.　　Earlier, AgBank's management had been geared towards institutional investors in Beijing, Shanghai, Shenzhen and other sites to hold a number of investors promotion, the online roadshow has become a personal investor and the issuer and the main underwriter of the best platform for direct communication, investors have to the roadshow team members to raise their own concerns, online communication.　　Guo Haoda: As of the end of 2009, Agricultural bank loans amounted to 4.1382 trillion yuan Agricultural Bank deputy Governor Guo Haoda said, as at the end of 2009, the total loan of ABC is 4.1382 trillion yuan. Which, corporate loans of 2.9687 trillion yuan, accounting for 71.7% of total loans, manufacturing, electricity, gas and water production and supply industry, real estate, transportation, warehousing and postal services, as well as the wholesale and retail industry accounted for five major sectors of the total loans 54.5%; As at the end of 2009, the balance of personal loans was 7,　　89.3 billion yuan, the fastest growth, accounting for the proportion of total loans in recent years, which the individual housing loans is the most important part of the bill discounted 2009 at the end of the balance of 352.2 billion yuan, accounting for the total loan ratio of 8.5%. In the area of loan distribution, as of the end of 2009, Agricultural Bank of China in the Yangtze River delta, the Bohai Rim region and the PRD three areas of total loans accounted for 59.6% of the total loan.　　At the end of 2007 to the end of 2009, the annual compound growth rate of ABC loans was about 18%. Zhang: AgBank's dividend levels are expected to be at 35% to 50% this year, Mr. Zhang, vice chairman and executive director and president of ABC, said the bank's dividend levels would be in line with those of other big banks this year, with levels of 35% to 50% per cent expected this year. In the first half of this year, special dividends will be based on the practice of other listed banks.　　Profits from July 1 will be shared by new and old shareholders. Song Xianping: The reserve pressure after the IPO of ABC is not big. Song Xianping, ABC Risk management director, said AgBank had increased its provisioning effort in 2009 and the first quarter of 2010, to the end of the 2010 quarter, with the provision coverage reaching 123% per cent, and the 150% coverage required by the CBRC was close to　　As a result, the bank's allocation pressure is not very large.　　Agricultural Bank's 2007-2009 Fee and commission net income composite growth rate 24.5% the Agricultural Bank's retail business director, Li Qingping, said in a reply to investor questions, 2007-2009, the Agricultural Bank fees and Commission net income composite growth rate of 24.5%, more than the average level of the construction, China and CCB 19.2%.　　She also said that ABC's intermediary business, clearing and clearing, agents, bank cards and other traditional business has a leading edge, emerging consulting and other intermediary business development, rapid growth.　Chou: 2010 Agricultural Bank is expected to achieve net profit of not less than 82.91 billion yuan　Agricultural Bank of Agriculture three agricultural business director Chou said, according to the Agricultural Bank of China's 2010 earnings forecast report, the normal operation of the situation, 2010 is expected to achieve a net profit of not less than 82.91 billion yuan. Xiang: AgBank's net profit growth rate is the top four. Xiang, chairman and executive director of Agricultural Bank of China, pointed out that the current agricultural Bank's many operating indicators are much higher than the level of the interbank market, at the end of 2009, the total assets of ABC 8.8825 trillion yuan, accounting for the national banking assets of 11.3%　　Net profit of 65 billion yuan, compared with 2008 growth of 26.3%, the net profit growth rate of four major lines. Li Qingping: After AgBank's IPO, profits came mainly from five aspects, said Ms. Li Qingping, director of ABC's retail business, in response to investor questions, thanks to the five unique earnings growth momentum, AgBank still has a huge profit growth after listing: 1, the overall scale of growth: 2009 Bank total deposits, total loans year-on-year growth of 23.0 %, 33.5%, is expected to maintain a stable growth of 2010 years; 2, Nim continued to improve: The bank has the advantage of spreads, the promotion potential is enormous. In the future, the bank will continue to raise the loan-to-deposit ratio long-term assets, improved asset structure, enhanced pricing capacity, and projected future rates of interest will jointly promote higher yields; 3. Intermediate business Growth: with the largest customer base in the country, the bank has been growing more and more financial services,　　This will provide a guarantee of the sustainability of our future growth in non-interest income; In addition, the traditional strengths of the clearing and acting insurance business, coupled with the burgeoning of rapidly growing consultancy financial services to ensure the stability and growth of intermediary business income.　　4. Further control of operating costs, cost-income ratio improvement: Bank It construction has been completed, the next few years of operating expenses are mainly decoration, no big investment; the average level of personnel in the county area is relatively low, there is no significant increase in pressure; in the case of rapid income growth, low cost growth, cost-income ratio improvement. 5, the future allocation of pressure is small: the future bank's asset quality will continue to improve, non-performing loan balance will continue to decline; Meanwhile, the bank's reserve coverage rate rose to 105.37% at the end of 2009, at the end of the first quarter of 2010, it reached 123.25%, and the cost of credit is expected to fall rapidly　　And to boost profit growth. Chou: The risk of county-level business will not have negative impact on the development of Agricultural Bank Chou that the county economic structure has undergone great changes, the county economy continued to grow rapidly, the county area of the financial environment significantly improved, ABC's clients have fundamentally changed, loan risk overall declined, Customer base optimization fundamentally reduces the risk exposure of the bank in the county area.