Top 10 Banks in the World 2018

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4. Bank of China

Bank of China is one of the “Big Four” Banks of China and owned by the Government of China.


Image: company website

The bank provides the services like credit cards, corporate banking, consumer banking, securities, asset management, mortgage loans, private banking, finance and insurance, wealth management, etc. In 2009, by market capitalization value, the bank was ranked fifth globally.

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At the same time, it was China’s second largest lender bank as well. Forbes Global 2000 ranked it one of the largest company in the world. Other than Mainland of China, the bank has branches in 27 different countries and areas, i.e., Malaysia, South Africa, Vietnam, Philippines, Taiwan, Bahrain, etc. The foundation dates back in 1912 by the republican government which is also the oldest bank in the mainland of China. The Bank of China has two legally separate subsidiaries- Bank of China (Hong Kong) and Bank of China (Canada). Though the bank has operations outside China, but it accounts for only less than 4% of the activity of the bank by both profits whereas Mainland China accounts for more than 50% of the bank by profits and 75% by assets as in 2005. China Central Huijin which is an investment arm of the government of the People’s Republic of China holds 64.63% of shares in the Bank of China. Other ordinary shareholders are HKSCC Nominees Ltd.  and China Securities Finance which hold 27.78% and 2.9% shares respectively. Preference share owners are the Bank of New York Mellon, China Mobile Communications, China National Tobacco Corporation and Zhongwei Real Estate with having 39.96%, 18.01%, 5.00% and 3.00% respectively. There are around 310 thousand employees of Bank of China working globally.

Revenue (in Billions of USD): 77.15

Net Profit (in Billions of USD): 29.5

Assets (in Billions of USD): 3104.84



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