The Jiilin Branch of Bank of China is located in Changchun, China. Its purpose is serving the Chinese community. After deducting this cash reserve, this branch of BOC provides short, medium, and long-term loans to the people who are in need of it. Customers are provided with the guarantee by this branch.
This branch provides the customers to transfer their funds from one account to another using cheque, drafts, etc. The other services of this branch includes online banking, home banking, ATM services, and many more. In a word, this branch of Bank of China is completing its work with a very good reputation.
Bank of China Credit Card is a dual-currency credit card issued by Bank of China. Simply fill out an application online or at a bank branch and submit the required documents .After approval the bank will inform you about how much you are allowed to borrow and mail you your new credit card. You’ll need to activate the credit card and sign on the back.
Bank of China is one of the best and most famous banks in the whole world. Throughout its 109 years development history, Bank of China has always been adhering to the spirit of pursuing excellence, working for the welfare of the society and seeking prosperity for the country. Bank of China is a bank with a lofty sense of mission and responsibility. It provides companies with global integrated financial services. It is the oldest bank that still exists in mainland China.
Bank of China was established on 5 February, 1912. Chen Jinato (陈锦涛；1870-1939) founded the Bank of China to replace the Daquing Bank, It was founded in 1912 by the Republican government. From its establishment until 1942, it issued banknotes on behalf of the Government. BOC opened a branch in Hong Kong in 1917.In 1929, BOC opened its first overseas branch in London.
In1936, BOC opened a branch in Singapore. It also opened an agency in New York. When hostilities with Japan escalated in 1937, Japanese forces laid siege to major Chinese ports. The BOC opened several branches in Batavia, Penang, Kuala Lumpur, Haifong, Hanoi, Rangoon, Bombay and Kolkata to facilitate the flow of remittance collection and military supplies.
It has also opened subsidiaries in Surabaya, Madan, Dabo, Jiabo, Batu Pahat, Baichilu, Mandalay, Lashio, Ipoh and Seremban. After the victory of the Communist forces in the Civil War in 1950, some branches ( Hong Kong, Singapore, London, Penang, Kuala Lumpur, Jakarta, Kolkata, Bombay, Chittagong and Karachi) joined the bank at its headquarters in Beijing, others ( New York, Tokyo and Havana, Probably Panama) decided to stay at the Bank of China headquarters in Taipei.
In 1971, the bank was renamed the International Commercial Bank of China. In 1979, BOC opened a branch in Luxembourg, which gradually became its European headquarters in the mid-1990s.In 1981, BOC opened a branch in New York. BOC opened a branch in Paris in 1985 (France).In 1987, BOC became a general member of LBMA. Later, Bank of China started establishing their branches in different parts of the world.
The Bank of China logo is one of the most amazing identities in the world’s financial segment. It is a masterpiece indeed.
The logo was designed in the 1908s by Kan Tai-Keung. The wordmark uses both Chinese and English languages, which perfectly balanced each other. A famous writer named GUO MUO-RUO created the chinese calligraphy which is placed on the top level. The Bank of China logo is a graphical representation of an ancient currency that is believed to carry financial fortune. It looks strong because it has a thick red line. The black and red color palette of the logo, which is usually kept in white, represents a strong and influential organization that values its past and is confident in its future.
The Bank of China is the biggest state-owned commercial bank in China. The govrnment of China owns the bank of china The Parent organization for this institution is Central Huijin Investment .It operates in 61 countries and regions, including Canada, the United States, and throughout the United Kingdom. In 2010, the BOC branch in New York offered renminb products to Americans, the first major Chinese bank to make such Chinese currency investments available in the U.S.
Bank of China has almost 25000 branches around the world, including just about every major city: London, New York, Sydney, Singapore, Seoul and Tokyo. For over 40 years, BOC’s outstanding performance as a foreign exchange specialist has made it an international bank with 580 branches and subsidiaries in 25 countries.
According to Wikipedia, Bank of China has a total of 311000 employees of 2018. According to statica.com, Bank of China has 395.59million customers. The bank has nearly three million corporate clients.
Since its inception in 1912, it has become one of the oldest surviving banks in China, headquartered in Beijing. The main person in charge of the bank is CEO Chen Seeking. He took over the post of CEO on 13 February 2014 and he is currently holding this position with this organization.
It is managed by six divisions: corporate banking, private banking, treasury operations, investment banking, insurance and other operations. It is also involved in the airline business.The main source of profit for the Bank of China is corporate banking.
Savings Customers are provided with savings deposits, personal loans, credit and debit cards, payment and settlement, asset management products and funds and insurance agency services. Personal banking funds. The Treasury Operations Division is involved in managing foreign exchange transactions, customer-based interest rates and foreign exchange derivative transactions, money market transactions, proprietary transactions and asset and liability management.
The investment banking division provides debt and equity underwriting, financial advisors, stock brokerage, investment research and asset management, and private equity investment services, as well as the sale and business of securities. The insurance department provides general services. The company operated about 11,550 companies, including 10,991 in mainland China, and 559 companies in Hong Kong, Macao, Taiwan and other countries as of December 31, 2020.
The international settlement is also the edge of the Bank of China. International settlement and trade financing between domestic and foreign branches is growing rapidly with increased interaction. Bank of China provides payment and settlement services including bank drafts, promissory notes, checks, remittances, bank recognition, transfer of payments, collection with recognition, centralized payment, check loading and bill custody. BOC’s team of experienced investment professionals come from China and abroad and embody the ethics, innovation and team spirit on which the company was founded.
According to International Financial Reporting Standards, China Bank RMB has achieved a profit for 205.1 billion years, an increase of 1.59% year on year. The total assets of the bank were RMB 24.40 trillion, total liabilities were RMB 22.24 trillion and RMB 2.04 trillion was accounted for by the shareholders of Equity Bank, it increased by 7.17%, 9.96% and 10.07 by the end of 2020. . The ratio of non-performing loans was 1.46%, up 0.09 percentage points from the end of the previous year. The board of directors has proposed a cash dividend of ten ordinary shares, representing a dividend-paying ratio of 30% for 2020.
As of 31 December 2019, it was the second largest lender in China overall and 9th largest bank in the world by market capitalization value . It is the 6th wealthiest bank in the whole world. At the end of the “China Excellent Financial Banks 2011-2012” selection process, the Bank of China was awarded the “Excellent Foreign Exchange Service Bank” for its outstanding professional qualities, rich product line and excellent reputation in foreign exchange services.
BOC won a silver medal in the 2014 Annual Report Competition organized by the League of American Communication Professionals. In 2015, BOC got the prize of Asia’s best CEO.BOC was selected as Asia’s Banks Best Investor Relations by Institutional Investor in2016.
In BOC got gold award in President’s letter by Annual report competition in 2019.In the Eleventh Tianma Award, Bank of China was selected as the best IR company in 2020. In a word, the Bank of China has repeatedly proved its superiority through its so many recognitions.
Bank of China is committed to providing maximum service to its customers. The bank has launched hotline service for the convenience of the customers. The hotline number is 00853-88895566. In addition to this, there are many emergency mobile numbers to provide various services.
1. Operating Income (RMB Million) from 2016 to 2020:
2. Total assets in billion yuan from 2011 to 2020:
The Bank of China is one of its own through responsibility and commitment. We hope that this bank will adapt to change with its strategic approach and lead to greater success. As a large state-owned commercial bank, BOC will continue to work in the new era in an effort to build a world-class bank.
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