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601328 Bank Of Communications

5.73 +0.02+0.35%
Not Open 12/11 15:00 CST
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About Bank Of Communications Company

The company was founded in 1908. It is one of the banks with the longest history in China and one of the banknote issuers in modern China. On April 1, 1987, the reorganized Bank of Communications officially opened to the outside world, becoming the first national state-owned commercial bank in China, with its head office in Shanghai. The Bank of Communications was listed on the Hong Kong Stock Exchange in June 2005 and listed on the Shanghai Stock Exchange in May 2007. We provide customers with corporate finance services, personal finance services, and interbank and financial market services. Corporate honors: In the “2016 Global Top 500 Companies” ranking published by the US “Fortune” magazine, the Bank of Communications ranked 153rd (ranked by revenue), up 37 places from the previous year. This is the eighth year in a row that ACC has entered this list. In the “2016 World's Top 1000 Banks” ranking published by the British “Banker” magazine, Bank of Communications ranked 13th (ranked by total first-class capital), up 4 places from the previous year. This is the third year in a row that ICBC has ranked among the top 20 banks in the world; during the reporting period, it achieved net profit of 2,002 billion yuan, an increase of 6.08% over the previous year. The company has successively received 15 honorary awards, including “Financial Leasing Company of the Year”, “2022 Forbes Financial Leasing Industry Leading Industry Award” from the Financial Times, and “Shanghai Banking Industry Outstanding Contribution Institution” from the Shanghai Bankers Association. By the end of the reporting period, the Group had 23 overseas branches (sub-branches) and representative offices in Hong Kong, New York, London, Singapore, Tokyo, Frankfurt, Luxembourg, Sydney, etc., to provide customers with comprehensive financial services such as deposits, loans, international settlement, trade financing, and foreign exchange; established an overseas banking service network with 1,031 banks in 129 countries and regions, and opened 221 cross-border RMB accounts for 94 overseas RMB participating banks in 30 countries and regions; opened 28 RMB accounts in 67 banks in 32 countries and regions, totaling 114 foreign currency settlements account.

Revenue Breakdown

Product Currency:CNY
Stock NameRevenueRatio
Net interest income82.39B60.07%
Net income from fees and commissions24.58B17.92%
income from investment15.74B11.47%
Other operating income11.7B8.53%
Net income / (loss) from changes in fair value1.94B1.42%
Assets disposal income416M0.30%
Other benefits306M0.22%
Net income from exchange and exchange rate products85M0.06%
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