GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Agricultural Bank of China Ltd (OTCPK:ACGBY) » Definitions » Net Interest Margin (Bank Only) %

Agricultural Bank of China (Agricultural Bank of China) Net Interest Margin (Bank Only) % : 2.40% (As of Mar. 2024)


View and export this data going back to 2010. Start your Free Trial

What is Agricultural Bank of China Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. Agricultural Bank of China's annualized Net Interest Income (for Banks) for the quarter that ended in Mar. 2024 was $80,280 Mil. Agricultural Bank of China's average earning assets for the quarter that ended in Mar. 2024 was $3,350,636 Mil. Therefore, Agricultural Bank of China's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 was 2.40%.


Agricultural Bank of China Net Interest Margin (Bank Only) % Historical Data

The historical data trend for Agricultural Bank of China's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Agricultural Bank of China Net Interest Margin (Bank Only) % Chart

Agricultural Bank of China Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.92 3.90 3.58 3.02 2.59

Agricultural Bank of China Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.80 2.55 2.46 2.38 2.40

Competitive Comparison of Agricultural Bank of China's Net Interest Margin (Bank Only) %

For the Banks - Diversified subindustry, Agricultural Bank of China's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Agricultural Bank of China's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Agricultural Bank of China's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where Agricultural Bank of China's Net Interest Margin (Bank Only) % falls into.



Agricultural Bank of China Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

Agricultural Bank of China's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2023 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2023 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2022 ) + Earning Assets (A: Dec. 2023 ))/ count )
=80074.788/( (2890709.583 + 3297011.989)/ 2 )
=80074.788/3093860.786
=2.59 %

where

Earning Assets(A: Dec. 2022 )
=Money Market Investments + Net Loan + Securities & Investments
=168135.032 + 2722574.551 + 0
=2890709.583

Earning Assets(A: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=253432.537 + 3043579.452 + 0
=3297011.989

Agricultural Bank of China's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Mar. 2024 is calculated as

Net Interest Margin (Bank Only) %(Q: Mar. 2024 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Dec. 2023 ) + Earning Assets (Q: Mar. 2024 ))/ count )
=80280.496/( (3297011.989 + 3404260.084)/ 2 )
=80280.496/3350636.0365
=2.40 %

where

Earning Assets(Q: Dec. 2023 )
=Money Market Investments + Net Loan + Securities & Investments
=253432.537 + 3043579.452 + 0
=3297011.989

Earning Assets(Q: Mar. 2024 )
=Money Market Investments + Net Loan + Securities & Investments
=221402.763 + 3182857.321 + 0
=3404260.084

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Mar. 2024) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


Agricultural Bank of China  (OTCPK:ACGBY) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


Agricultural Bank of China Net Interest Margin (Bank Only) % Related Terms

Thank you for viewing the detailed overview of Agricultural Bank of China's Net Interest Margin (Bank Only) % provided by GuruFocus.com. Please click on the following links to see related term pages.


Agricultural Bank of China (Agricultural Bank of China) Business Description

Address
50 Connaught Road, 25th Floor, Agricultural Bank of China Tower, Central, Hong Kong, HKG
As one of the big four banks, ABC is headquartered in Beijing. The bank evolved from a state-owned specialized bank to a state-controlled commercial bank. It listed on the Hong Kong and Shanghai Stock Exchanges in 2010. ABC operates more than 20,000-branch network in China, providing corporate and retail banking products and services, and carries out treasury operations for its own accounts or for its customers. Shareholders Central Huijin, China's state-owned investment company, and the Ministry of Finance own 37.15% and 32.47%, respectively. Corporate banking, retail banking, and wholesale banking accounted for 41%, 53%, and 6% of total revenue in the first half of 2023, respectively. Rural banking and urban banking contributed 49% and 51% of total revenue during the same period.

Agricultural Bank of China (Agricultural Bank of China) Headlines

From GuruFocus

3 Low Shiller Price-Earnings Ratio Picks

By Alberto Abaterusso Alberto Abaterusso 11-30-2020

'Cautiously Optimistic' Matthews China Fund Buys 6 Stocks

By Holly LaFon Holly LaFon 11-04-2017

A Trio of Stocks Trading Below Their Earnings Power Values

By Alberto Abaterusso Alberto Abaterusso 02-17-2021