Bank of Communications Co Ltd - Company Profile
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Bank of Communications Co Ltd (BOCOM) is a state-owned joint-stock commercial bank based in China. The bank's main activities include providing corporate and personal banking services, interbank and financial market business, financial leasing, fund management, and wealth management. Its major products and services encompass corporate loans, personal loans, trade financing, corporate deposits, credit cards, insurance, overseas securities, debt-to-equity swaps, and other related financial services. BOCOM serves a diverse customer base, including technology finance credit customers, strategic emerging industries, and retail customers across various sectors. The bank operates through a network of branches and subsidiaries and has a presence in multiple international locations. Its geographic locations and target markets span across Asia, North America, Europe, and other regions. BOCOM is headquartered in Shanghai, China.
Headquarters
China
Address
No. 188 Yincheng Middle Road, Pudong New Area, Shanghai, 200120
Website
www.bankcomm.com
Telephone
86 21 23538555
No of Employees
96,876
Industry
Financial Services
Ticker Symbol & Exchange
601328 (SHA)
Revenue (2024)
$73.0B
-5.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
2.2%
(2024 vs 2023)
Market Cap*
$96.9B
Net Profit Margin (2024)
XYZ
7.8%
(2024 vs 2023)
* As of and is in US$
Bank of Communications Co Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts: | Bill Discounting |
| Saving Accounts | Wealth Management |
| Current Accounts | Bank Guarantees |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In September, the company renewed its one-year overseas airport pickup service agreement with SunCar Technology Group to continue expand overseas car services. |
| 2023 | New Products/Services | In August, the company launched corporate online banking 6.0 and corporate mobile banking 2.0. |
| 2023 | Contracts/Agreements | In February, the company entered into an agreement with the autonomous region government to provide the Inner Mongolia Autonomous Region with intentional financing support. |
Competitor Comparison
| Key Parameters | Bank of Communications Co Ltd | Bank of China Ltd | Postal Savings Bank of China Co Ltd | China Merchants Bank Co Ltd | Industrial Bank Co Ltd |
|---|---|---|---|---|---|
| Headquarters | China | China | China | China | China |
| City | Shanghai | Beijing | Beijing | Shenzhen | Fuzhou |
| State/Province | Shanghai | Beijing | Beijing | Guangdong | Fujian |
| No. of Employees | 96,876 | 310,898 | 196,779 | 121,959 | 68,963 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ren Deqi | Chairman | Executive Board | 2020 | 62 |
| Qian Bin | Chief Information Officer; Executive Vice President | Senior Management | 2022 | 53 |
| Liu Lei | Chief Information Officer; General Manager - Financial Technology Department; President - Financial Technology Innovation Research Institute | Senior Management | 2026 | - |
| Liu Jianjun | Chief Compliance Officer; Chief Risk Officer | Senior Management | 2026 | 58 |
| Lin Hua | Chief Business Officer - Retail and Private Business Sector | Senior Management | 2023 | 57 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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