Established in 1994, Agricultural Development Bank of China (ADBC) is the
only agricultural policy-oriented bank which is under the direct administration
of the State Council in China. The mission and objective of ADBC is to raise
funds through market on the basis of state credibility, and act as a strategic
pillar of the country in supporting the development of agriculture, rural areas
and farmers. Currently, ADBC has a nationwide service network consisting of 31
provincial-level branches, 338 prefecture-level branches and 1,828 county-level
sub-branches with more than 50,000 employees.
ADBC has been committed to fulfilling its "three-in-one functions" by
implementing the will of the state, serving the need of agriculture, rural areas
and farmers as well as following the rules of banking. It strives to serve the
national food security, poverty elimination, agricultural modernization,
urban-rural integrated development, and key development strategies through
fueling accumulated support to the less developed regions as well as key areas
and weak sections related to agriculture, rural areas and farmers. The net input
of agricultural support by ADBC has exceeded 550 billion yuan on average each
year over the past 3 years. As of the end of 2018, the total assets of ADBC
amount to 6.9 trillion yuan with loan balance standing at 5.14 trillion yuan,
allowing the bank to fully play its pillar role as the backbone of China's rural
finance.
