Bank of China

BOC office in Hong Kong

Bank of China (BOC) is one of China’s four state-owned commercial banks. It was founded in 1912 by the Government of the Republic of China to replace the Government Bank of Imperial China. The Bank provides a comprehensive range of financial services to individual and corporate customers as well as financial institutions worldwide. Its businesses cover commercial banking, investment banking and insurance. Members of the group include BOC Hong Kong, BOC International, BOCG Insurance and other financial institutions. BOC has more than 10,000 domestic branches and some 600 foreign offices in 30 countries. China's government owns about 70% of BOC.

  Key Statistics:

Head office address:
1 Fuxingmen Nei Dajie
Beijing 10081-8
China
Phone: +86-10-6659-2638
Fax: +86-10-6659-4568

March 24, 2011
Bank of China Limited announced its 2010 annual results. According to International Financial Reporting Standard (IFRS), BOC has achieved profit after tax of RMB 109.69 billion, a year-on-year growth of 28.52%.

In 2010, the Bank achieved profit after tax and profit attributable to equity holders of RMB109.69 billion and RMB104.42 billion respectively, increased by 28.52% and 29.20% from the previous year. At the end of 2010, the Bank’s total assets exceeded RMB10 trillion and amounted to RMB10,459.87 billion, an increase of 19.51% from the previous year-end. The growth of profit outpaced that of total assets. Basic earnings per share also recorded an increase of RMB0.08 to RMB0.39. The Group’s net interest margin was 2.07%, an increase of 0.03 percentage point compared with the prior year. Return on total average assets and return on average equity stood at 1.14% and 18.87%, respectively, an increase of 0.05 percentage point and 2.39 percentage points compared with the prior year.

 Key Assets and Liabilities Figures (RMB million)