Bank of Communications
Bank of Communications (BOCOM or BankComm) is the fifth-largest bank in mainland China.
Headquarters in Shanghai | |
Native name | 交通银行股份有限公司 |
|---|---|
| Company type | Public; state-owned enterprise |
Traded as | |
| Industry | Financial services |
| Founded |
|
| Headquarters | Shanghai, China |
Key people | Niu Ximing, chairman of the board Peng Chun, President |
| Products | Insurance |
| Revenue | CN¥144.08 billion $20.53 billion (2019) |
| CN¥88.20 billion $12.57 billion (2019) | |
Net income | CN¥77.28 billion $10.78 billion (2019) |
| Total assets | CN¥10.670 trillion $1.52 trillion (2020) |
| Total equity | CN¥802.54 billion $114.36 billion (2020) |
| Owner |
|
Number of employees | 87,828 (2019) |
| Parent | Central Government of China |
| Subsidiaries | BOCOM (Hong Kong) BOCOM International BOCOM Insurance BOCOM Leasing BOCOM Schroder |
| Website | bankcomm.com |
Established in 1908, the Bank of Communications claims a long history in China and is one of the banks to have issued banknotes in modern Chinese history. It was listed on the Stock Exchange of Hong Kong in June 2005 and the Shanghai Stock Exchange in May 2007. The Bank was ranked No. 151 among the Fortune Global 500 in terms of operating income and No. 11 among the global top 1,000 banks in terms of Tier 1 capital rated by the London-based magazine The Banker. In 2023, the company was ranked 53rd in the Forbes Global 2000.
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