Bank of China Limited, headquartered at Beijing – China, figures in the top five of the state-owned commercial banks of China.
Founded in 1912, the bank is currently considered to be China’s most diversified internationalized banks. The bank seized opportunity for growing during china’s reform and helped the government strategize for foreign funding.
The bank is one of the oldest banks in the nation. The bank operates across the globe in many countries - United Kingdom, Ireland, France, Germany, Italy, Luxembourg, Russia, Hungary, United States, Panama, Brazil, etc. The majority of operations of the bank are accounted for in China and its overseas operations account for less than 4%.
The bank started offering a unique product “renmibi” in its New York Branch. With an employee base of around 310,000 people, the bank’s net sales account for $122.03billion. The company operates its business through the following segments: Corporate Banking, Insurance, Treasury Operations, Investment Banking, Personal Banking, and more. The bank has introduced many revolutions in terms of technology to serve its customers. The brand it has built over the years has helped in developing customer loyalty amidst strong competition from other banks and in the Globalization era.
The bank has now become the only bank from emerging economies to be designated as a Global Systemically Important Bank for 4 consecutive years. The company has earmarked events in its rich history and is the first Chinese bank to offer A-Share and H-Share initial public offering and achieve a dual listing in both markets.
The bank has served China for more than 100 years keeping “people first” as its guiding principle.