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Bank of China

Zhou jianping—Imaginechina/AP
  • Previous Rank42
  • Revenues ($M)$115,423
  • Revenue Percent Change1.5%
  • Profits ($M)$25,509.20
  • Profits Percent Change3%
  • Assets ($M)$2,989,469.30
  • Employees311,133

Another banking giant backed by the People’s Republic of China, PBOC has pushed hard into overseas markets in recent years. International segments accounted for nearly 30% of the bank’s profits in 2017—a figure the bank hopes to eventually increase to 40%. The central government’s geopolitical goals may factor into this strategy: For example, PBOC has issued roughly $100 million in credits since 2015 to countries participating in the government’s Belt and Road Initiative to revive China’s ancient Silk Road trading routes.

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Company Information

CEO
Chen Siqing
Sector
Financials
Industry
Banks: Commercial and Savings
HQ Location
Beijing
Websitehttp://www.boc.cn
Years on Global 500 List24
Employees311,133
Figures prepared in accordance with International Accounting Standards., Government owned 50% or more.

Bank of China Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$115,4231.5%
Profits ($M)$25,509.203%
Assets ($M)$2,989,469.30-
Total Stockholder Equity ($M)$229,732.20-

Profit Ratios

Profit as % of Revenues22.1%
Profits as % of Assets0.9%
Profits as % of Stockholder Equity11.1%