Asia300

Bank of China Ltd.

China

  • 1m
  • 3m
  • 6m
  • 1y
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  • 5y
Nov 17, 2017
Prev close: 3.78
Nov 17, 2017
Market cap:
Market cap(USD):
1,288.69B
164,981M
Shares: 294,388M

Currency in HKD

Company profile

Market(Ticker): HKG(3988)
Sector:
Industry:
Finance
Major Banks
Full time employees: 308,900

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.

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 2016

  • Local currency
  • US Dollar
Revenue 876,484.47M
Gross profit --
Operating income 256,612.74M
Income before tax 258,822.22M
Net income 192,295.98M
EBITDA --
Diluted EPS 0.63
Dividends per share 0.19
Total assets 20,247.65B
Total liabilities 18,588.59B
Total equity 1,574.93B
Operating cash flow 357,373.65M

Currency in HKD

Revenue 112,913.27M
Gross profit --
Operating income 33,058.18M
Income before tax 33,342.82M
Net income 24,772.56M
EBITDA --
Diluted EPS 0.08
Dividends per share 0.02
Total assets 2,611.53B
Total liabilities 2,397.55B
Total equity 203,134.32M
Operating cash flow 46,038.72M

Currency in USD

Valuation measures

Dec 2016

PER 5.45
ROA 0.95%
ROE 12.27%
Operating margin 29.27%
Profit margin 21.93%

Key executive

  • Chief Information Officer & Executive VP: Qing Song Zhang
  • Director & Executive Vice President: Ying Xin Gao
  • Director & Executive Vice President: De Qi Ren
  • Chief Risk Officer: Pan Yuehan
  • Deputy Chief Executive Officer: Hong Huang

Share holders

  • National Council for Social Security Fund(8.9%)
  • The Vanguard Group, Inc.(3.1%)
  • Hang Seng Investment Management Ltd.(2.9%)
  • BlackRock Fund Advisors(2.1%)
  • Norges Bank Investment Management(1.0%)
  • State Street Global Advisors Asia Ltd.(1.0%)
  • Dimensional Fund Advisors LP(0.9%)
  • APG Asset Management NV(0.7%)
  • BlackRock Advisors (UK) Ltd.(0.6%)
  • BlackRock Investment Management (UK) Ltd.(0.6%)

Address

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

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