Bank of China

Bank of China says it wants to become China’s flagship global lender, and claims that it is already China’s most globalized bank with operations in 61 countries. China’s Belt and Road Initiative, Beijing's worldwide development strategy, has become a large part of the bank’s global push; it has provided $160 billion in financing for 600 Belt and Road projects since the policy launched in 2013. When chairman Liu Liange took over in July 2019, the bank's profits were stagnant compared to the previous year. They've since bounced back—even amid the pandemic—with net income rising 3% in the first quarter of 2020.
G500-2020-043-Bank-of-China
Paul Yeung—Bloomberg/Getty Images

Company Information

As of 8/3/2022
Country
China
Headquarters
Beijing
Industry
Banks: Commercial and Savings
CEO
Liu Liange
Website
Company Type
Public
Ticker
BACHY
Revenues ($M)
$152,409.3
Profits ($M)
$33,573.3
Market Value ($M)
$124,297
Employees
306,322
Figures prepared in accordance with International Accounting Standards. Government owned 50% or more. Market value as of July 19, 2022.

Key Financials (Last Fiscal Year)

($ Millions)
% change
Revenues ($M)
$152,409.3
13.7%
Profits ($M)
$33,573.3
20.1%
Assets ($M)
$4,206,862
-
Total Stockholder Equity ($M)
$350,301.9
-

Profit Ratios

Profit as % of Revenues
22%
Profits as % of Assets
0.8%
Profits as % of Stockholder Equity
9.6%
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