Bank of Communications Co Ltd - Company Profile
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Bank of Communications Ltd (BOCOM) provides banking and related financial services. Adequate capital and improved non-interest income, and asset quality are some of its strengths, even as declined net interest margin could be considered as a cause for concern. The growing market for payments channel and wealth management prospects in China and emergence of FinTech companies could present ample growth opportunities to BOCOM. However, risks related to online identity theft and hacking, emergence of neobanks and crowded robo advisor fields could affect BOCOM’s business, operating results, and financial condition.
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