Agricultural Bank of China completes capital bond issue, reports strong Q3

Agricultural Bank of China Limited announced the completion of its RMB40.0 billion 2025 Undated Additional Tier 1 Capital Bonds (Series 2) on October 30, 2025, with a distribution rate of 2.27% for the first five years. This issuance, approved by its general meeting and regulatory authorities, will bolster the bank’s additional Tier 1 capital. It follows other capital activities in 2025, including the issue of Tier 2 capital bonds totaling RMB120.0 billion and the issuance of RMB50.0 billion in loss-absorbing capacity non-capital bonds.

For the nine months ended September 30, 2025, the bank reported a net profit attributable to equity holders of RMB220,859 million, a 3.03% increase from the same period in 2024. Total assets rose by 11.33% to RMB48,135,429 million, and operating income reached RMB550,774 million, up 1.87% year-over-year. The bank's capital adequacy ratios as of September 30, 2025, were 17.78% (Total Capital), 12.92% (Tier 1), and 11.16% (CET 1), all exceeding regulatory requirements. The liquidity coverage ratio averaged 130.25% for Q3 2025.

The bank also announced a proposed interim cash dividend for 2025 of RMB1.195 per ten shares (tax inclusive), totaling RMB41,823 million. Payment to A-share holders is expected on December 15, 2025, and H-share holders on January 26, 2026. Additionally, a cash dividend of RMB4.12 per preference share (tax inclusive) will be paid on November 5, 2025, to holders of "農行優1".