Bank of Communications (full name: Bank of Communications Limited) was established in 1908. It is the oldest bank in China and one of the note-issuing banks in modern China. Now it is one of the top five state-owned banks in China.
Extended data:
By the end of 20 16, the assets of Bank of Communications reached 8,403.2 billion yuan, an increase of 17.44% over the end of last year. The capital adequacy ratio, core capital adequacy ratio and core tier 1 capital adequacy ratio reached 14.02%, 12. 16% and11%respectively; The average return on assets (ROAA) and the average return on shareholders' equity (ROAE) are 0.87% and 12. 18% respectively. The defective rate was 1.52%.
By the end of 20 17, there were 232 domestic branches of Bank of Communications, including 30 provincial branches, 7 branches directly under it and 95 provincial banks/kloc-0, with 3,285 outlets in 236 cities above prefecture level and 167 counties or county-level cities.
Its wholly-owned subsidiaries include Bank of Communications International, Bank of Communications Insurance and Bank of Communications Leasing, and its holding subsidiaries include Bank of Communications Fund, Bank of Communications Guo Xin, Bank of Communications Life Insurance, Dayi Bank of Communications Xingmin Village Bank, Zhejiang Anji Bank of Communications Village Bank, Xinjiang Shihezi Bank of Communications Village Bank and Qingdao Laoshan Bank of Communications Village Bank.
In addition, Bank of Communications is the largest shareholder of Jiangsu Changshu Rural Commercial Bank and Tibet Bank, and has a strategic stake in Hainan Bank.
References:
Bank of Communications-Baidu Encyclopedia