Bank of China
Since 1912
China
Beijing
Top managers:
Hongyuan Zhou
Qingzhi Du
Content |
Performance indicators
2024: 2.6% increase in net income to $32.7 billion
Bank of China, one of China's largest banks, increased its net profit by 2.6% at the end of 2024, which exceeded market expectations. In March 2025, the bank reported that profit for 2024 amounted to 237.8 billion yuan ($32.7 billion) against 231.9 billion yuan in 2023. Net interest margin (NIM) decreased to 1.4% from 1.59% in 2023, and the share of bad loans in the total loan portfolio (NPL) decreased to 1.25% from 1.27% in 2023.[1]
2023: Ninth largest bank in the world
Business in Russia
Main article: Bank of China Russia
History
2023: Chairman arrested on suspicion of taking bribes
On October 16, 2023, the Central Commission of the Communist Party of China for Discipline Inspection (CCDI) announced that Liu Liange, former chairman of the board of directors of the Bank of China financial group, was arrested on suspicion of taking bribes. In addition, the banker may be charged with illegally providing loans. Read more here.
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