Bank Of Communications @ The China Perspective

Founded in 1908, Bank of Communications is one of the oldest bank and earliest bank notes issuers in China. With a national network of 92 branches and 2413 sub-branches, it is a commercial bank has three principle lines of business as corporate banking, retail banking and treasury operations. It is 19.9 percent-owned by global lender HSBC. In the first quarter of 2006, Bank of Communications total interest income increased 26 percent to 14.34 billion yuan. Net interest income after LLP increased 19 percent to 8.79 billion yuan. Net income increased 43 percent to 2.9 billion yuan.

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	Pharmaceutical firm makes $5m on BoCom share sale June 18,2008 By STAFF EDITOR 3-4 year profit horizon for HSBC’s rural business April 03,2008 By STAFF EDITOR Shenzhen bank boss gets US$3.24m in compensation for ’07 March 21,2008 By STAFF EDITOR World Expo confirms 10 partners March 11,2008 By STAFF EDITOR Chinese bank assets worth US$7.3t February 14,2008 By STAFF EDITOR BoCom buys stake in rural bank ahead of listing January 17,2008 By STAFF EDITOR Insurance regualtor soon to allow banks into sector January 17,2008 By STAFF EDITOR Banks to be allowed to invest in insurers January 14,2008 By STAFF EDITOR HSBC to boost mainland staffing levels November 27,2007 By STAFF EDITOR BoCom eyes offshore M&A with HSBC November 26,2007 By STAFF EDITOR 1 2 3 4	Founded in 1908, Bank of Communications is one of the oldest bank and earliest bank notes issuers in China. With a national network of 92 branches and 2413 sub-branches, it is a commercial bank has three principle lines of business as corporate banking, retail banking and treasury operations. It is 19.9 percent-owned by global lender HSBC. In the first quarter of 2006, Bank of Communications total interest income increased 26 percent to 14.34 billion yuan. Net interest income after LLP increased 19 percent to 8.79 billion yuan. Net income increased 43 percent to 2.9 billion yuan. Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. MOST POPULAR China’s textiles sector in need of govt support Beverage maker involved in JV ethanol project Liaoning garment maker takes 8.8% of life insurer Air China IH revenues up 5.5% to $3.55b China labor market Asia’s most active in Q3: Hudson Chongqing to build software outsourcing center Chinese economy to hit cyclical trough in 2010 TCL’s TV and mobile handset sales surge Shanghai property market down in early July Diesel engine producer gets US$176m bank loan package Go to Complete List >

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