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Finance

Bank of China Ltd.

  • 4.22 HKD
  • +0.05
  • +1.20%
  • China
    Apr 20, 2018
  • Ticker
    HKG(3988)
  • Prev. close
    4.17
  • Market cap (HKD)
    1,342.63B
  • Market cap (USD)
    171,123M
  • Shares
    294,388M

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.

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. It operates through the following business 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.

Financial Highlights

Dec 2017 HKDUSD
Revenue875,925.16M112,401.60M
Gross Profit----
Operating income251,861.85M32,319.74M
Income before tax255,686.64M32,810.55M
Net income198,800.25M25,510.70M
EBITDA----
Diluted EPS0.640.08
Dividends Per Share0.210.02
Total Assets23,369.57B2,989.46B
Total liabilities21,476.86B2,747.35B
Total equity1,795.88B229,732.18M
Operating cash flow608,470.11M78,080.89M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 801,903.90M 933,180.74M 945,694.82M 876,484.47M 875,925.16M
Gross Profit -- -- -- -- --
Operating income 265,787.23M 288,960.88M 282,560.81M 256,612.74M 251,861.85M
Income before tax 267,086.80M 289,661.89M 282,759.40M 258,822.22M 255,686.64M
Net income 197,977.45M 213,440.30M 210,734.00M 192,295.98M 198,800.25M
EBITDA -- -- -- -- --
Diluted EPS 0.68 0.72 0.69 0.63 0.64
Dividends Per Share 0.24 0.23 0.20 0.19 0.21
Total Assets 17,770.26B 19,064.02B 20,069.82B 20,247.65B 23,369.57B
Total liabilities 16,538.81B 17,584.76B 18,449.51B 18,588.59B 21,476.86B
Total equity 1,183.33B 1,426.04B 1,557.46B 1,574.93B 1,795.88B
Operating cash flow 362,559.76M 261,819.44M 952,995.79M 357,373.65M 608,470.11M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 103,382.86M 120,337.71M 121,984.63M 112,913.27M 112,401.60M
Gross Profit -- -- -- -- --
Operating income 34,265.75M 37,262.76M 36,447.35M 33,058.18M 32,319.74M
Income before tax 34,433.30M 37,353.16M 36,472.97M 33,342.82M 32,810.55M
Net income 25,523.60M 27,524.05M 27,182.45M 24,772.56M 25,510.70M
EBITDA -- -- -- -- --
Diluted EPS 0.08 0.09 0.08 0.08 0.08
Dividends Per Share 0.03 0.03 0.02 0.02 0.02
Total Assets 2,291.82B 2,458.33B 2,589.60B 2,611.53B 2,989.46B
Total liabilities 2,133.00B 2,267.58B 2,380.53B 2,397.55B 2,747.35B
Total equity 152,615.02M 183,890.88M 200,958.77M 203,134.32M 229,732.18M
Operating cash flow 46,741.84M 33,762.75M 122,926.38M 46,038.72M 78,080.89M

Valuation Measures

Dec 2017
PER5.94
ROA0.91%
ROE11.79%
Operating margin28.75%
Profit margin22.69%

Key executives

  • Chief Information Officer & Executive VP: Qing Song Zhang
  • Director & Executive Vice President: De Qi Ren
  • Chief Risk Officer: Pan Yuehan
  • Deputy Chief Executive Officer: Hong Huang
  • Chief Audit Officer: Wei Xiao

Shareholders

  • National Council for Social Security Fund (8.9%)
  • The Vanguard Group, Inc. (3.1%)
  • Hang Seng Investment Management Ltd. (2.9%)
  • BlackRock Fund Advisors (2.4%)
  • Norges Bank Investment Management (0.9%)
  • State Street Global Advisors Asia Ltd. (0.9%)
  • JF Asset Management Ltd. (0.8%)
  • Dimensional Fund Advisors LP (0.8%)
  • Allianz Global Investors Asia Pacific Ltd. (0.7%)
  • BlackRock Advisors (UK) Ltd. (0.6%)

Contact Details

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

Related Companies

  • Bank of China Ltd. /Shanghai Jing'an Branch/
  • Bank of China Ltd. /Vietnam Business/
  • Bank of China Ltd. /Phnom Penh Branch/
  • Bank of China (Longwan Branch)
  • Bank of China Securities Investment Fund
  • Hubei Province Guarantee Group Co., Ltd.
  • BOC ExpressPay Co., Ltd.
  • Bank of China Ltd. (Shihezi Branch)
  • Bank of China (Hungary) Close Ltd. (Vienna)
  • Bank of China Ltd. (Luanda Branch)
  • Bank of China (Mauritius) Ltd.
  • Bank of China (Tianjin Branch)
  • Bank of China (Hebei Branch)
  • Bank of China (Chicago Branch)
  • Bank of China (Anhui Branch)
  • Bank of China (Hubei Branch)
  • Bank of China (Shangrao Branch)
  • Bank of China (Anqui Branch)
  • Bank of China Ltd. (Shuozhou Branch)
  • Bank of China (New York City)
  • Bank of China /Shanghai Pudong Branch/
  • BOC Services Co. Ltd.
  • Bank of China Ltd. (Ningxia Branch)
  • Bank of China (Zhoukou Branch)
  • Bank of China Ltd. /Businesses (2)/
  • Kwangtung Provincial Bank
  • Bank of China (Hungary) Close Ltd. (Prague)
  • Bank of China Ltd. (Taiwan)
  • Bank of China Middle East (Dubai) Ltd.
  • Bank of China Ltd. (Italy)

Competitors

  • Kasikornbank Public Co. Ltd.
  • Metropolitan Bank Holding Corp.
Last Updated on 20 Apr, 2018

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