Bank of Communications Overview
- Year Founded
-
1908
- Status
-
Public
- Employees
-
93,408
- Stock Symbol
-
601328
- Investments
-
10
- Share Price
-
$0.99
- (As of Monday Closing)
Bank of Communications General Information
Description
Bank of Communications, or Bocom, is the only state-owned bank with headquarters in Shanghai. As one of China's four oldest banks, Bocom became China's first state-owned shareholding commercial bank in 1987. Today, Bocom is amid a strategic transformation, building itself into a global wealth-management bank with wide-ranging financial operations, including insurance, brokerage, trust, and asset management.It operates a comprehensive financial services platform that includes corporate finance, personal finance, and money market operations. Bocom is known for its strategic importance in the process of RMB internationalization, particularly with its role as one of the first banks involved in the Cross-Border Interbank Payment System, or CIPS.
Contact Information
Website
www.bankcomm.comCorporate Office
- 188 Yinchengzhong Road
- Pudong New Area
- Shanghai, 200120
- China
Corporate Office
- 188 Yinchengzhong Road
- Pudong New Area
- Shanghai, 200120
- China
Bank of Communications Stock Performance
As of 13-Jan-2025, Bank of Communications’s stock price is $0.99. Its current market cap is $66.3B with 74.3B shares.
(As of Monday Closing)
| Stock Price | Previous Close | 52 wk Range | Market Cap | Shares | Average Volume | EPS |
|---|---|---|---|---|---|---|
| $0.99 | $1.01 | $0.79 - $1.15 | $66.3B | 74.3B | 147M | $0.16 |
Bank of Communications Financials Summary
As of 30-Sep-2024, Bank of Communications has a trailing 12-month revenue of $35.4B.
|
In Thousands, USD |
TTM 30-Sep-2024 | FY 2023 31-Dec-2023 | FY 2022 31-Dec-2022 | FY 2021 31-Dec-2021 |
|---|---|---|---|---|
| Revenue | 35,350,072 | 36,247,399 | 37,978,095 | 41,606,887 |
| Net Income | 12,851,887 | 13,106,653 | 13,676,064 | 13,563,561 |
| Total Assets | 2,081,301,288 | 1,983,533,001 | 1,883,027,415 | 1,830,181,050 |
| Total Debt | 1,676,236,473 | 1,631,905,739 | 1,524,042,589 | 1,489,005,511 |
Bank of Communications Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Bank of Communications Comparisons
Industry
Financing
Details
Bank of Communications Competitors (23)
One of Bank of Communications’s 23 competitors is Bank of Xian, a Corporate Backed or Acquired company based in Xi An, China.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Bank of Xian | Corporate Backed or Acquired | Xi An, China | ||||
| China Minsheng Bank | Corporate Backed or Acquired | Beijing, China | ||||
| JiangXi Bank | Corporate Backed or Acquired | Nanchang, China | ||||
| China Everbright Bank | Formerly PE-Backed | Beijing, China | ||||
| Wells Fargo | Private Debt Financed | San Francisco, CA |
Bank of Communications Patents
Bank of Communications Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-20150012483-A1 | Open database-based far-distance bicentric online processing method and system | Inactive | 03-Jul-2013 | ||
| US-20110137790-A1 | Mainframe-based far-distance bicentric transaction information processing method and system | Active | 08-Dec-2009 | ||
| US-8352363-B2 | Mainframe-based far-distance bicentric transaction information processing method and system | Inactive | 08-Dec-2009 | H04L47/2416 |
Bank of Communications Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Bank of Communications Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Bank of Communications Investments & Acquisitions (10)
Bank of Communications’s most recent deal was a PE Growth/Expansion with Chenming Pulp Paper for . The deal was made on 28-Jul-2022.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Chenming Pulp Paper | 28-Jul-2022 | PE Growth/Expansion | Office Services (B2B) | ||
| Changan EV | 24-Mar-2022 | Early Stage VC | Automotive | ||
| SEE DIGITAL | 23-Jan-2022 | Later Stage VC | Media and Information Services (B2B) | ||
| Schroder Bank of Communications Wealth Management | 23-Feb-2021 | Joint Venture | Other Financial Services | ||
| 4Paradigm | 31-Dec-2020 | Later Stage VC | Business/Productivity Software |
Bank of Communications ESG
Risk Overview
Risk Rating
Updated June, 05, 2024
32.41 | High Risk
Risk Scale
A lower score indicates better sustainability
Negl
0-10
Low
10-20
Med
20-30
High
30-40
Severe
40+
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues
Management
Management is related to actions taken to manage ESG issues
Peers Analysis
Peer performance insights compare the company’s ESG performance to the performance of selected peers to help inform future ESG decisions and drive internal performance improvements.
Global
Covered Companies
of 15,104
Rank
Percentile
Banks
Industry
of 1,026
Rank
Percentile
Diversified Banks
Subindustry
of 263
Rank
Percentile
Bank of Communications Exits (3)
Bank of Communications’s most recent exit was on 31-Dec-2020 from 4Paradigm. The exit was categorized as with 22 buyers.
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| 4Paradigm | 31-Dec-2020 | Completed |
|
||
| Huaqin Technology | 01-Dec-2020 | Completed |
|
||
| 4Paradigm | 31-Oct-2018 | Later Stage VC | Completed |
|
Affiliates
Subsidiaries (3)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Bank of Communications Financial Assets Investment | Shanghai, China | 2017 | |
| China BOCOM Insurance Company | Hong Kong, Hong Kong | 2000 | |
| BoComm Life Insurance | Shanghai, China | 2000 |
Bank of Communications FAQs
-
When was Bank of Communications founded?
Bank of Communications was founded in 1908.
-
Where is Bank of Communications headquartered?
Bank of Communications is headquartered in Shanghai, China.
-
What is the size of Bank of Communications?
Bank of Communications has 93,408 total employees.
-
What industry is Bank of Communications in?
Bank of Communications’s primary industry is National Banks.
-
Is Bank of Communications a private or public company?
Bank of Communications is a Public company.
-
What is Bank of Communications’s stock symbol?
The ticker symbol for Bank of Communications is 601328.
-
What is the current stock price of Bank of Communications?
As of 13-Jan-2025 the stock price of Bank of Communications is $0.99.
-
What is the current market cap of Bank of Communications?
The current market capitalization of Bank of Communications is $66.3B.
-
What is Bank of Communications’s current revenue?
The trailing twelve month revenue for Bank of Communications is $35.4B.
-
Who are Bank of Communications’s competitors?
Bank of Xian, China Minsheng Bank, JiangXi Bank, China Everbright Bank, and Wells Fargo are some of the 23 competitors of Bank of Communications.
-
What is Bank of Communications’s annual earnings per share (EPS)?
Bank of Communications’s EPS for 12 months was $0.16.
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