Agricultural Bank Chairman Xiang Junbo: No Financing For Equity In The Next Two Years.

Xiang Junbo, chairman of the Agricultural Bank of China [2.73 -1.80%], 8, after the 2010 annual general meeting of ABC, said that after issuing 50 billion yuan subordinated debt, ABC's capital adequacy ratio can fully meet regulatory requirements, if

Since this year, the capital adequacy ratio of many banks, including ABC, has declined to a certain extent due to the expansion of assets and the increase of risky assets.

A quarterly report shows that as of the end of three this year, ABC's capital adequacy ratio was 11.40%, and its core capital adequacy ratio was 9.61%, which was 0.19 percentage points lower and 0.14 percentage points lower than the end of last year.

Among them, the capital adequacy ratio is slightly lower than the CBRC requirements for large commercial banks 11.5%.

Xiang Junbo said that after issuing 50 billion yuan subordinated debt, ABC is not only able to meet the regulatory requirements for capital adequacy ratio, but also has an optimized capital structure.

On the 2 th of this month, ABC 50 billion yuan subordinated debt was officially issued and the coupon rate was 5.3%.

For the next refinancing plan, Xiang Junbo said that the internal capital accumulation of ABC can fully meet the development needs. If there is no significant change in the external economic and regulatory environment, at least within the next two years.

For the local financing platform loans that the market is concerned about, Xiang Junbo said that ABC's loan delivery and asset quality are in good condition. "At present, especially from the Agricultural Bank's own situation, the local financing platform loans do not appear.

At the end of the first quarter, ABC's local financing platform loans decreased compared with the beginning of this year, and the ratio of non-performing loans of local financing platform loans was 1.49%, which was lower than the overall non-performing loan ratio.