What is Bank of Communications Co.,Ltd.'s Revenue?
Bank of Communications Co.,Ltd.'s estimated revenue for 2024 is $15.11B.
What does Bank of Communications Co.,Ltd. do?
Founded in 1908, Bank of Communications Co.,Ltd. (BoCOM) is one of the note-issuing banks with the longest history in modern China. BoCom reopened after reorganization on April 1, 1987. It is the first nationwide state-owned joint-stock commercial bank in China, with Head Office located in Shanghai. The Bank was listed on the Hong Kong Stock Exchange in June 2005 and on the Shanghai Stock Exchange in May 2007. In 2016, BoCom was honored "Top 500 Global Companies" for the eighth consecutive year and was ranked No. 153 in terms of revenue by FORTUNE. It was ranked No. 13 among the global top 1,000 banks in terms of Tier-1 Capital rated by The Banker and was ranked top 20 among global banks for the third consecutive year.
BoCom is one of the major financial services providers in China. The Bank's business scope includes commercial banking, securities services, trust services, financial leasing, fund management, insurance, offshore financial services. As at the end of 2016, 232 domestic branches have been set up, including 30 Tier-1 branches, 7 directly operating branches of Head Office and 195 Tier-2 branches. 3,285 banking outlets have been set up in 236 prefecture-level cities or above and 167 county-level cities nationwide. There are three wholly-owned subsidiaries including BoCom International, BoCom Insurance and BoCom Leasing.
BoCom has set up 20 overseas banking entities in over 16 countries and regions, including branches in Hong Kong, New York, Tokyo, Singapore, Seoul, Frankfurt, Macau, Ho Chi Minh City, San Francisco, Sydney and Taipei, London Branch of BoCom/Bank of Communications (UK) Limited, Bank of Communications (Luxembourg) Limited/Luxembourg Branch of BoCom, Brisbane Branch of BoCom, Bank of Communications (Luxembourg) S.A. Paris Branch, Bank of Communications (Luxembourg) S.A. Rome Branch, Banco BBM (BoCom BBM) and representative office in Toronto, and has established 65 overseas banking outlets in total (excluding the representative office).
