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  • Rank45
  • Previous Rank59
  • CEO
    Chen Siqing
  • Address
    1 Fuxingmennei Ave., Beijing 100818
  • Websitehttp://www.boc.cn
  • Industry
    Banks: Commercial and Savings

Bank of China (or BOC) is among China’s Big Four state-owned banks (although it shouldn’t be confused with the People’s Bank of China, China’s central bank). The bank’s history predates Communist rule in China, and it has appeared on the Global 500 more often than any of the other Big Four (21 years). Not coincidentally, BOC has a strong cross-border banking business, and international banking helped sustain its profits in 2014; its year-over-year growth in profits and revenue outpaced its rivals, and it was the only state-owned bank that didn’t see its profits fall in the fourth quarter. China’s softening economy is a concern for all the country’s big banks, but BOC may be well-positioned to weather the slowdown, thanks in part to its diversification: More than a quarter of its loans involve lending outside China, and it derives a lot of income from businesses that are less sensitive to the economy’s ups and downs, including investment banking and insurance.

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Company Information

CEO
Chen Siqing
Industry
Banks: Commercial and Savings
Sector
Financials
HQ Location
Beijing, China
Websitehttp://www.boc.cn
Years on List21
Figures prepared in accordance with International Accounting Standards. Government owned 50% or more.

Key Financials (last fiscal year)

($ Millions)% change
Revenues120,94614.5%
Profits27,525.17.9%
Assets2,458,314.3-
Employees308,128-

Profits as a % of

Profit as % of Revenues22.8%
Profits as % of Assets1.1%
Profits as % of Stockholder Equity15%