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9. Agricultural Bank of China
2008 sales: $48 billion

As the name implies, Agricultural Bank of China has focused on lending in the country's rural districts. It's the fourth largest of China's state-owned Big Four banks -- boasting some 350 million customers and 24,000 branches.

Investors are buzzing over an IPO, but AgBank remains the only big state-owned bank yet to list shares publicly.

AgBank was in terrible shape in just two years ago before a $30 billion government bailout. Loan losses remain double the rate of the other Big Four and expenses for its massive branch network in rural areas have crimped earnings.

NEXT: Sinochem

Last updated October 21 2009: 11:01 AM ET
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