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bank of china ltd-a (601988) Details

Bank of China Limited, together with its subsidiaries, provides a range of banking and related financial services in the People’s Republic of China and internationally. It operates in six segments: Corporate Banking, Personal Banking, Treasury Operations, Investment Banking, Insurance, and Other Operations. 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 underwrites general and life insurance products; and provides insurance agency services. As of December 31, 2016, it had a total of 11,556 institutions, which included 10,989 institutions in Chinese mainland; and 578 institutions in Hong Kong, Macau, Taiwan, and other countries. The company is also involved in the aircraft leasing business. Bank of China Limited was founded in 1912 and is headquartered in Beijing, China.

308,900 Employees
Last Reported Date: 03/31/17
Founded in 1912

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

Chairman of the Board
Total Annual Compensation: CNY484.0K
Executive VP & Executive Director
Total Annual Compensation: CNY436.0K
Chief Audit Officer
Total Annual Compensation: CNY82.8K
Chief Risk Officer
Total Annual Compensation: CNY55.2K
Executive Vice President
Total Annual Compensation: CNY3.6K
Compensation as of Fiscal Year 2016.
bank of china ltd-a
Entities Reportedly Eye DVB Bank

Bank of China Limited (SEHK:3988) (BOC) and Industrial and Commercial Bank of China Limited (SEHK:1398) (ICBC) intend to acquire DVB Bank SE. BOC and ICBC are among suitors looking at a potential purchase of DVB Bank, three sources familiar with the matter say. The sources, who declined to be identified due to the sensitivity of the matter, said both Bank of China and ICBC were working on pitches. One source said they were expected to present their initial proposals in February. "There is interest from ICBC and Bank of China and this shows the Chinese are still looking for assets in Germany. It's unclear if they will take it to the later stages, but they are looking at it," one of the sources said. The sources said a sale framework could take at least six months and the process was still at the initial stages. The first source said the interest was for the entire bank, while the others said it was still unclear whether bidders would be able to hone in on specific assets. Some buyers may aim to team up and then separate aviation and shipping, an industry banker said separately. The three sources said The Carlyle Group L.P. (NasdaqGS:CG) and Apollo Global Management, LLC (NYSE:APO) were also interested in DVB. Reuters added that DVB Bank, both Bank of China, ICBC, Carlyle and Apollo declined to comment.

Bank of China Limited Announces Resignation of Mr. Gao Yingxin as Executive Director, Member of Risk Policy Committee of the Board and Executive Vice President of the Bank

The Board of Directors of the Bank of China Limited received the resignation letter from Mr. Gao Yingxin. Mr. Gao Yingxin resigned as Executive Director of the Bank, member of the Risk Policy Committee of the Board and Executive Vice President of the Bank due to the change of job. The resignation shall become effective as of 24 January 2018.

Bank of China Limited Approves Dividend on Domestic Preference Shares, Payable on 13 March 2018

Bank of China Limited held the 2018 first meeting of the board of directors on 19 January 2018. The board approved the payment of dividend on Domestic Preference Shares (second tranche) in RMB on 13 March 2018 in accordance with their terms of issuance and at a rate of 5.5%. The size of dividend is RMB 1.54 billion.


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Valuation 601988 Industry Range
Price/Earnings 7.7x
Price/Sales 3.8x
Price/Book 1.1x
Price/Cash Flow 5.3x
TEV/Sales NM Not Meaningful

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