Last CNY2.70 CNY
Change Today +0.01 / 0.37%
Volume 40.0M
601988 On Other Exchanges
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As of 3:05 AM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

bank of china ltd-a (601988) Snapshot

Open
CNY2.70
Previous Close
CNY2.69
Day High
CNY2.71
Day Low
CNY2.69
52 Week High
09/12/13 - CNY2.93
52 Week Low
03/12/14 - CNY2.44
Market Cap
771.6B
Average Volume 10 Days
33.3M
EPS TTM
CNY0.59
Shares Outstanding
195.7B
EX-Date
06/27/14
P/E TM
4.6x
Dividend
CNY0.20
Dividend Yield
7.26%
Current Stock Chart for BANK OF CHINA LTD-A (601988)

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bank of china ltd-a (601988) Details

Bank of China Limited, together with its subsidiaries, provides a range of corporate banking, personal banking, treasury operations, investment banking, insurance, and other services in the Chinese Mainland, Hong Kong, Macau, Taiwan, and internationally. The company’s Corporate Banking segment offers current accounts, deposits, overdrafts, loans, trade-related products and other credit facilities, foreign currency, derivatives, and wealth management products to corporate customers, government authorities, and financial institutions. Its Personal Banking segment provides savings deposits, personal loans, credit and debit cards, payments and settlements, wealth management products, and funds and insurance agency services to retail customers. The company’s Treasury Operations segment is involved in the foreign exchange transactions, customer-based interest rate and foreign exchange derivative transactions, money market transactions, proprietary trading, and asset and liability management. Its Investment Banking segment offers debt and equity underwriting and financial advisory, stock brokerage, investment research and asset management, and private equity investment services, as well as sells and trades securities. The company’s Insurance segment is engaged in the underwriting of general and life insurance products; and provision of insurance agency services. As of December 31, 2013, Bank of China Limited had 11,483 Chinese and international branches, subsidiaries, and outlets, including 10,863 branches, subsidiaries, and outlets in Chinese mainland; and 620 branches, subsidiaries, and representative offices in Hong Kong, Macau, Taiwan, and internationally. The company is also involved in the aircraft leasing business. It operated a fleet of 226 aircraft, including 206 owned and 20 managed aircraft. It has strategic partnership with Deutsche Borse. Bank of China Limited was founded in 1912 and is headquartered in Beijing, China.

251,617 Employees
Last Reported Date: 03/26/14
Founded in 1912

bank of china ltd-a (601988) Top Compensated Officers

Vice Chairman, President and Member of Strate...
Total Annual Compensation: CNY699.6K
Chairman of the Board and Chairman of Strateg...
Total Annual Compensation: CNY557.0K
Chief Credit Officer
Total Annual Compensation: CNY5.2M
Executive Vice President, Executive Director,...
Total Annual Compensation: CNY715.0K
Chief Audit Officer
Total Annual Compensation: CNY706.7K
Compensation as of Fiscal Year 2013.

bank of china ltd-a (601988) Key Developments

Chinese Commercial Banks May Sell Non-Performing Loans

China's four state-owned banks have initiated a plan to raise $73 billion by selling their assets, to cut down on their liabilities. Among the banks include Bank of China Limited (SEHK:3988), Agricultural Bank of China Limited (SEHK:1288), Industrial and Commercial Bank of China Limited (SEHK:1398) and China Construction Bank Corporation (SEHK:939), reported the Wall Street Journal. China has allowed five local governments to open asset-management companies in eastern and southern China to buy non-performing loans from local banks and thus help them in refreshing their balance sheets. JP Morgan Asset Management Asia Chief Market Strategist Tai Hui was quoted by the Walls Street Journal as saying, "They are setting up the pieces of the jigsaw for the financial system to be much less state dependent and more market driven."

Bank of China Enters into Strategic Cooperation with KRX and KSD

Bank of China Limited entered into comprehensive strategic cooperation MoU with Korea Exchange and Korea Securities Depository, or KSD respectively, under which they will carry out all-round cooperation in RMB clearing, settlement, R&D and promotion of RMB-related financial products, and sharing of client resources, and jointly promote the development of a local RMB market. As a financial exchange with standardized operations, highly internationalized levels and great international influence, KRX looks forward to expanding the market of RMB-related financial products and providing investors with more diversified financial products and premium services, through the cooperation with BOC. Chairman of BOC Tian Guoli said that the ties between China and South Korea are closer now than in any other time; the scope of cooperation between the two nations will expand further and the prospect of bilateral financial cooperation be more promising. With the advancement of RMB internationalization, RMB is now widely used in trade, capital settlement and remittances between the two countries, has become the second most widely used foreign currency in South Korea, and been increasingly accepted by local financial institutions and businesses. The comprehensive cooperation between BOC, KRX and KSD this time has followed the trends of all-round cooperation between the two countries and RMB internationalization, and will expedite bilateral trade and investment between Chinese and Korean enterprises, and promote the construction and development of an offshore RMB market in South Korea.

Bank of China Limited, Board Meeting, Aug 19, 2014

Bank of China Limited, Board Meeting, Aug 19, 2014. Agenda: To consider and approve, among other things, the interim results of the bank and its subsidiaries for the six months ended 30 June 2014.

 

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601988 Competitors

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Company Last Change
Agricultural Bank of China Ltd CNY2.50 CNY -0.01
Banco Santander SA €7.32 EUR -0.011
Barclays PLC 220.90 GBp -0.30
BNP Paribas SA €48.65 EUR -0.16
Ping An Insurance Group Co of China Ltd CNY42.91 CNY -0.46
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Industry Analysis

601988

Industry Average

Valuation 601988 Industry Range
Price/Earnings 4.9x
Price/Sales 2.0x
Price/Book 0.8x
Price/Cash Flow 3.3x
TEV/Sales NM Not Meaningful
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