Bank of China Ltd operates in the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Bank of China Ltd with three other
companies in this sector in CHINA :
China Construction Bank Corp
(2019
sales of 1.09 trillion Chinese Renmimbi [US$164.19 billion]
of which 25%
was Personal Banking),
Industrial and Commercial Bank of China Ltd
(1.21 trillion Chinese Renmimbi [US$182.47 billion]
of which 32%
was Corporate Banking), and
Agricultural Bank Of China Limited
(1.01 trillion Chinese Renmimbi [US$151.42 billion]
of which 27%
was Corporate Banking).
Sales Analysis.
Bank of China Ltd reported sales of 931.53 billion Chinese Renmimbi (US$140.05 billion)
for the
year ending
December of 2019.
This
represents
an
increase of 10.5%
versus 2018, when the company's sales were 842.92 billion Chinese Renmimbi.
This was the third consecutive year of growth at Bank of China Ltd.
Sales of Insurance saw an increase
that was more than double the company's growth rate: sales were up
47.4% in 2019, from
20.61 billion Chinese Renmimbi to 30.39 billion Chinese Renmimbi.
Bank of China Ltd also saw significant increases in sales in
Treasury Operations (up 15.6% to 89.56 billion Chinese Renmimbi)
.
Not all segments of Bank of China Ltd experienced an increase in sales in 2019:
sales of Investment Banking fell 1.6% to 4.84 billion Chinese Renmimbi.
(However, this segment's sales were only a very small portion of the company's overall sales).