Skip to Content
44

Bank of China

Budrul Chukrut—SOPA Images/LightRocket via Getty Images
  • Previous Rank46
  • Country
    China
  • Revenues ($M)$127,714.10
  • Revenue Percent Change10.6%
  • Profits ($M)$27,225.20
  • Profits Percent Change6.7%
  • Assets ($M)$3,097,612.00
  • Employees310,119

Like other big Chinese banks, the Bank of China had to tackle bad-debt issues in 2018; its domestic branches wrote off more than $22 billion in non-performing assets. Still, with revenues rising 10.6% and profits up 6.7%, the BOC managed to climb two places on the Global 500 this year. BOC’s U.S. unit raised its profile against the backdrop of the Belt and Road initiative, with American companies by now making up the vast majority of that unit’s corporate lending clients. And at the close of the year, the bank’s wealth management unit was finally allowed to operate in mainland China for the first time, perhaps a sign of even better years to come.

Fortune Data StoreLooking for leads, investment insights, or competitive intelligence?Get Premium Access

Company Information

CEO
Liu Liange
Sector
Financials
Industry
Banks: Commercial and Savings
HQ Location
Beijing
Websitehttps://www.boc.cn
Years on Global 500 List25
Employees310,119
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)$127,714.1010.6%
Profits ($M)$27,225.206.7%
Assets ($M)$3,097,612.00-
Total Stockholder Equity ($M)$234,933.10-

Profit Ratios

Profit as % of Revenues21.3%
Profits as % of Assets0.9%
Profits as % of Stockholder Equity11.6%