Asia300

Bank of China Ltd.

China

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Mar 23, 2017
Prev close: 3.94
Mar 23, 2017
Market cap:
Market cap(USD):
1,185.14B
152,586.92M
Shares: 294,387.79M

Currency in HKD

Company profile

Market(Ticker): HKG(3988)
Sector:
Industry:
Finance
Major Banks
Full time employees: 310,042

Business summary

Bank of China Ltd. engages in the provision of banking and related financial services such as commercial and investment banking and insurance and investment services. The company operates its business through the following segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Others. The Corporate Banking segment offers services to corporate customers, government authorities, and financial institutions such as current accounts, deposits, overdrafts, loans, custody, trade related products and other credit facilities, foreign currency, and derivative products. The Personal Banking segment provides services to retail customers such as current accounts, savings, deposits, investment savings products, credit and debit cards, consumer loans, and mortgages. The Treasury Operations segment deals in foreign exchange transactions, customer-based interest rate and foreign exchange derivative transactions, money market transactions, proprietary trading, and asset and liability management. The Investment Banking segment includes debt and equity underwriting and financial advisory, sales and trading of securities, stock brokerage, investment research and asset management services, and private equity investment services. The Insurance segment specializes in the underwriting of general and life insurance business and insurance agency services. The Others segment comprises investment holding and other miscellaneous activities. The company was founded on February 5, 1912 and is headquartered in Beijing, China.

Company background

Bank of China was founded in 1912 as the central bank of the Republic of China by order of Sun Yat-sen, the leader of the 1911 revolution. Since the People's Republic of China was established in 1949, it has served as the sole bank that specializes in foreign exchange transactions. Among four major state-owned banks in China, Bank of China has the largest presence in the country's international banking operations.

The bank is the forefront of the government's efforts to internationalize its currency, the yuan. In Hong Kong, Frankfurt and other financial centers across the globe, the bank functions as clearing house of the currency. The bank is also the issuer of overseas yuan-denominated bonds.

In 2006, Bank of China was listed on Hong Kong Stock Exchange in June and on Shanghai Stock Exchange in July.

Tian Guoli has served as Chairman of the bank since May 2013. His prior positions include vice chairman at Citic Group and assistant executive president at China Construction Bank. In September 2014, Tian announced a program to convert the bank's 58,000 temporary workers to permanent employees. It was a groundbreaking move in the country, where temp workers are becoming major source of manpower.

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 945,694.82M
Gross profit --
Operating income 282,560.81M
Income before tax 282,759.40M
Net income 210,734.00M
EBITDA --
Diluted EPS 0.69
Dividends per share 0.20
Total assets 20,069.82B
Total liabilities 18,449.51B
Total equity 1,557.46B
Operating cash flow 952,995.79M

Currency in HKD

Revenue 121,984.63M
Gross profit --
Operating income 36,447.35M
Income before tax 36,472.97M
Net income 27,182.45M
EBITDA --
Diluted EPS 0.08
Dividends per share 0.02
Total assets 2,589.60B
Total liabilities 2,380.53B
Total equity 200,958.77M
Operating cash flow 122,926.38M

Currency in USD

Valuation measures

Dec 2015

PER 5.00
ROA 1.07%
ROE 14.12%
Operating margin 29.87%
Profit margin 22.28%

Key executive

  • Vice Chairman & President: Si Qing Chen
  • GM-Accounting & Information & EVP: Qingsong Zhang
  • Executive Vice President: Ying Xin Gao
  • Executive Vice President: Deqi Ren
  • Executive Vice President: Luode Xu

Share holders

  • National Council for Social Security Fund(8.9%)
  • The Vanguard Group, Inc.(2.8%)
  • Hang Seng Investment Management Ltd.(2.5%)
  • BlackRock Fund Advisors(1.9%)
  • Norges Bank Investment Management(1.0%)
  • Dimensional Fund Advisors LP(1.0%)
  • State Street Global Advisors Asia Ltd.(1.0%)
  • BlackRock Advisors (UK) Ltd.(0.8%)
  • Mitsubishi UFJ Financial Group, Inc.(0.6%)
  • Eastspring Investments (Singapore) Ltd.(0.5%)

Address

  • Website: http://www.boc.cn
  • Address: No. 1 Fuxingmen Nei Dajie, Xicheng District, Beijing, 100818, China
  • Phone: +86.10.6659.6688

Copyright © 2017 FactSet Research Systems Inc. All rights reserved.