OREANDA-NEWS. July 08, 2013. Personal online banking of Agricultural Bank of China Limited (ABC) has maintained a momentum of steady development, with all the major business indicators kept growing. At the end of May, 2013, the number of registered personal online banking customers exceeded 100 million.

While surging in customer size, ABC personal online banking turned out satisfying in businesses such as transfer & settlement and investment & wealth management. During the first five months this year, the transfer & settlement amount topped the peers. Wealth management products reached RMB2.43 trillion in sales, accounting for 50.48% of gross sales of ABC personal wealth management products. Online banking has become the major channel for wealth management product sales. Open-ended wealth management products were the most popular personal online banking products and realized a sales volume of RMB1.99 trillion, 55.35% of gross personal sales.

ABC personal online banking launched several innovative businesses, which further enriched the product system and met the diversified financial demand of customers. First, automatic wealth management is launched. Periodical automatic investment saves customers’ effort, and small amounts of idle funds are gathered into larger ones. Second, (electronic) savings bonds enable customers to easily buy the products online without queuing up at counter. Third, quick cell phone recharge supports 24*7 online recharge for China Mobile, China Unicom and China Telecom accounts nationwide, and recharge will be successful within ten minutes. Fourth, online Western Union and cross-border telegraphic transfer enable customers to handle foreign exchange remittance and collection at home.

Head of the e-Banking Department of ABC said that ABC personal online banking will actively ride along the trend of the Internet age, seize the opportunities brought by the digitization reform, and fully improve and optimize customer experience to construct an “intelligent” ABC personal online financial center featured by comfortable experience, comprehensive service and efficient marketing.