Bank of Communications
Bank of Communications Limited is the fifth-largest bank in mainland China. Established in 1908, the Bank of Communications claims a long history in China and is one of the banks to have released banknotes in modern Chinese history. It was launched on the Stock Exchange of Hong Kong in June 2005 and the Shanghai Stock Exchange in May 2007. The Bank was named No.151 among Fortune Global 500 in terms of operating income by the Fortune and No.11 among the global top 1,000 banks in terms of Tier 1 Capital rated by the London-based magazine The Banker.
Today, the Bank of Communications is amongst the top 5 largest commercial banks in China and has an extensive network of over 2,800 branches covering over 80 major cities. Apart from Hong Kong, the Bank has also opened overseas branches in New York, Tokyo, Singapore and representative offices in London and Frankfurt. As of end-2002, the Bank had over 88,000 employees and a total asset hitting RMB 5.15 trillion.
Bank of Communications currently holds 236 domestic organs including 30 provincial branches, 7 directly managed branches, 199 sub-branches managed by the provincial branches with 3,529 network organs in over 239 large- and medium-sized cities. In addition, it has created 21 overseas organs including branch banks in Hong Kong, New York, San Francisco, Tokyo, Singapore, Seoul, Frankfurt, Macau, Sydney, and Ho Chi Minh City, BOCOMUK in London, and representative office in Taipei.
According to the ranking announced by the British journal “The Banker” concerning 1,000 worldwide banks in 2011, Bank of Communications ranked 35th for its tier l capital, entering the world's top 50 banks for two straight years. Among the World's Top 500 Enterprises listed by Fortune in 2018, Bank of Communications placed 168th., up by 3 as compared with 2017 and entering the World's Top 500 Enterprises for ten straight years. Bank of Communications is one of the major financial service providers in China with its business scope covering commercial banking, securities, trust, financial leasing, fund management, insurance, offshore financial services, etc.
Founded: 1908
Headquarters: Shanghai, China
Website: https://bankcomm.com
