Financial Ratios Bank of China Limited

Equities

3988

CNE1000001Z5

Banks

Market Closed - Hong Kong S.E. Other stock markets 03:08:19 2025-01-24 am EST			5-day change	1st Jan Change
4.000 ^HKD	+1.01%		+3.09%	+0.76%

Jan. 24	First Service Shareholders to Vote Feb. 20 on Wealth Management Product Investments	MT
Jan. 22	CIMC Completes Issuance of Two Medium-Term Bonds Worth 2 Billion Yuan	MT

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Published financial data: BANK OF CHINA LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest Income On Loans	742B	760B	789B	882B	1,049B
Interest Income, Total	742B	760B	789B	882B	1,049B
Interest On Deposits	368B	344B	364B	422B	582B
Interest Expense, Total	368B	344B	364B	422B	582B
Net Interest Income	374B	416B	425B	461B	467B
Income From Trading Activities	28.56B	8.06B	28.29B	13.33B	28.72B
Gain (Loss) on Sale of Assets	1.34B	1.6B	1.97B	1.54B	1.67B
Gain (Loss) on Sale of Invest. & Securities - (Rev)	3.48B	9.55B	3.2B	2.06B	806M
Total Other Non Interest Income	142B	134B	148B	142B	127B
Non Interest Income, Total	175B	153B	181B	158B	158B
Revenues Before Provison For Loan Losses	550B	569B	606B	619B	625B
Provision For Loan Losses	102B	118B	103B	98.03B	106B
Total Revenues	447B	451B	503B	521B	518B
Salaries And Other Employee Benefits	90.76B	89.33B	99.32B	103B	108B
Occupancy Expense	21.18B	22.87B	23.88B	23.91B	24.85B
Selling General & Admin Expenses, Total	41.84B	38.94B	47.4B	45.65B	44.78B
(Income) Loss on Equity Invest.	-1.06B	-158M	-1.48B	-645M	-965M
Total Other Non Interest Expense	44.49B	51.26B	55.75B	58.9B	45.43B
Non Interest Expense, Total	197B	202B	225B	231B	222B
EBT, Excl. Unusual Items	250B	249B	278B	291B	296B
Asset Writedown	479M	-2.13B	-1.49B	-5.96B	-696M
EBT, Incl. Unusual Items	251B	246B	277B	285B	296B
Income Tax Expense	48.75B	41.28B	49.28B	47.09B	49.24B
Earnings From Continuing Operations	202B	205B	227B	238B	246B
Net Income to Company	202B	205B	227B	238B	246B
Minority Interest	-14.49B	-12.23B	-10.78B	-10.06B	-14.47B
Net Income - (IS)	187B	193B	217B	227B	232B
Preferred Dividend and Other Adjustments	6.83B	12.03B	10.65B	13.42B	15.3B
Net Income to Common Incl Extra Items	181B	181B	206B	214B	217B
Net Income to Common Excl. Extra Items	181B	181B	206B	214B	217B
Per Share Items
Net EPS - Basic	0.61	0.61	0.7	0.73	0.74
Basic EPS - Continuing Operations	0.61	0.61	0.7	0.73	0.74
Basic Weighted Average Shares Outstanding	294B	294B	294B	294B	294B
Net EPS - Diluted	0.61	0.61	0.7	0.73	0.74
Diluted EPS - Continuing Operations	0.61	0.61	0.7	0.73	0.74
Diluted Weighted Average Shares Outstanding	294B	294B	294B	294B	294B
Normalized Basic EPS	0.48	0.49	0.55	0.58	0.58
Normalized Diluted EPS	0.48	0.49	0.55	0.58	0.58
Dividend Per Share	0.19	0.2	0.22	0.23	0.24
Payout Ratio	32.55	34.19	32.43	34.51	36.04
American Depositary Receipts Ratio (ADR)	25	25	25	25	25
Supplemental Items
Effective Tax Rate - (Ratio)	19.45	16.76	17.82	16.55	16.66
Total Current Taxes	57.58B	55.55B	42.58B	60.19B	59.84B
Total Deferred Taxes	-8.82B	-14.27B	6.7B	-13.1B	-10.6B
Normalized Net Income	142B	143B	163B	172B	171B
Non-Cash Pension Expense	85M	74M	66M	54M	48M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	874B	921B	1,831B	1,903B	2,269B
Investment Securities, Total	5,729B	5,892B	6,412B	6,827B	7,596B
Trading Asset Securities, Total	563B	650B	628B	676B	658B
Total investments	6,291B	6,542B	7,039B	7,503B	8,254B
Gross Loans	13,034B	14,183B	15,675B	17,507B	19,908B
Allowance For Loan Losses	-325B	-368B	-390B	-437B	-485B
Net Loans	12,709B	13,815B	15,285B	17,071B	19,423B
Gross Property Plant And Equipment	390B	402B	407B	422B	430B
Accumulated Depreciation	-123B	-131B	-140B	-156B	-163B
Net Property Plant And Equipment	267B	271B	266B	266B	266B
Goodwill	2.69B	2.52B	2.48B	2.65B	2.68B
Other Intangibles, Total	20.26B	22.14B	23.05B	24.81B	26.42B
Investment in Real Estate	23.11B	22.06B	19.55B	23.31B	22.7B
Accrued Interest Receivable	37.32B	35.09B	38.54B	48.8B	56.38B
Other Receivables	772B	1,019B	377B	285B	183B
Restricted Cash	1,499B	1,442B	1,478B	1,551B	1,668B
Other Current Assets, Total	206B	223B	276B	130B	96.97B
Deferred Tax Assets Long-Term (Collected)	44.03B	58.92B	51.17B	70.19B	75.16B
Other Real Estate Owned And Foreclosed	2.4B	2.12B	2.04B	2.15B	3.15B
Deferred Charges Long-Term	3.22B	3.22B	3.33B	3.42B	3.56B
Other Long-Term Assets, Total	18.74B	21.76B	28.84B	30.25B	81.54B
Total Assets	22,770B	24,403B	26,722B	28,914B	32,432B
Liabilities
Accrued Expenses, Total	33.33B	34.14B	39.66B	46.61B	52.12B
Interest Bearing Deposits	15,868B	16,945B	17,920B	19,940B	22,603B
Total Deposits	15,868B	16,945B	17,920B	19,940B	22,603B
Short-Term Borrowings	1,551B	2,118B	2,504B	2,307B	2,202B
Current Portion of Long-Term Debt	1,424B	1,126B	1,494B	2,309B	2,821B
Current Portion of Leases	6.31B	6.37B	5.93B	6.26B	6.58B
Long-Term Debt	1,166B	1,197B	1,546B	708B	907B
Long-Term Leases	15.28B	15.52B	13.69B	13.36B	12.21B
Current Income Taxes Payable	59.1B	55.66B	45.01B	58.96B	59.3B
Accrued Interest Payable	177B	192B	229B	262B	304B
Other Current Liabilities - (Bank / Utility Template)	86.1B	96.85B	80.69B	141B	118B
Unearned Revenue Non Current	10.48B	11.53B	6.36B	6.58B	6.86B
Pension & Other Post Retirement Benefits	2.53B	2.2B	2.1B	1.84B	1.68B
Deferred Tax Liability Non-Current	5.45B	6.5B	7B	6.8B	7.4B
Other Non Current Liabilities	389B	433B	478B	539B	574B
Total Liabilities	20,793B	22,240B	24,372B	26,346B	29,675B
Preferred Stock Convertible	160B	148B	120B	120B	120B
Total Preferred Equity	160B	148B	120B	120B	120B
Common Stock, Total	294B	294B	294B	294B	294B
Additional Paid In Capital	134B	134B	134B	134B	134B
Retained Earnings	1,202B	1,326B	1,474B	1,622B	1,765B
Treasury Stock	-7M	-8M	-	-	-
Comprehensive Income and Other	61.9B	137B	203B	258B	317B
Total Common Equity	1,692B	1,891B	2,106B	2,308B	2,510B
Minority Interest	125B	124B	125B	140B	127B
Total Equity	1,977B	2,163B	2,351B	2,568B	2,757B
Total Liabilities And Equity	22,770B	24,403B	26,722B	28,914B	32,432B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	294B	294B	294B	294B	294B
ECS Total Common Shares Outstanding	294B	294B	294B	294B	294B
Book Value / Share	5.61	5.98	6.47	6.99	7.58
Tangible Book Value	1,669B	1,866B	2,080B	2,281B	2,481B
Tangible Book Value Per Share	5.53	5.9	6.39	6.9	7.48
Average Loans	12,141B	13,884B	15,173B	16,750B	18,925B
Total Debt	4,163B	4,463B	5,563B	5,344B	5,949B
Deposits at Interest - Cash	998B	1,041B	1,575B	1,451B	2,034B
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.53B	2.2B	2.1B	1.84B	1.68B
Net Debt	2,221B	2,315B	2,537B	2,095B	2,317B
Equity Method Investments, Total	23.21B	33.51B	35.77B	38.3B	39.55B
Full Time Employees	309K	309K	306K	306K	307K
Number Of Offices	11.7K	11.55K	11.45K	11.44K	11.48K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	187B	193B	217B	227B	232B
Depreciation, Depletion & Amortization	22.58B	21.18B	24.13B	24.12B	24.21B
Amortization of Goodwill and Intangible Assets - (CF)	2.78B	6.32B	4.66B	5.07B	6.21B
Total Depreciation, Depletion & Amortization	25.36B	27.51B	28.79B	29.2B	30.42B
(Gain) Loss On Sale of Asset - (CF)	-1.18B	-1.45B	-1.77B	-1.44B	-1.5B
(Gain) Loss on Sale of Investments - (CF)	-1.78B	-2.37B	-271M	-900M	3.51B
Total Asset Writedown	1.06B	3.82B	7.48B	5.84B	-2.58B
Provision for Credit Losses	98.77B	104B	98.3B	92.79B	106B
(Income) Loss On Equity Investments - (CF)	-1.06B	-158M	-1.48B	-645M	-965M
Change in Trading Asset Securities	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	-1,639B	-1,179B	-619B	-2,278B	-2,071B
Other Operating Activities	-87.18B	-115B	-112B	-106B	-142B
Cash from Operations	-1,417B	-971B	-384B	-2,031B	-1,846B
Capital Expenditure	-39.02B	-39.62B	-30.17B	-27.74B	-29.15B
Sale of Property, Plant, and Equipment	10.55B	4.09B	7.78B	12.85B	5.55B
Cash Acquisitions	-1.25B	-12.66B	-2.24B	-2.72B	-2B
Divestitures	1.46B	1.08B	1.62B	842M	161M
Investment in Marketable and Equity Securities, Total	-293B	-123B	-525B	-174B	-701B
Other Investing Activities, Total	156B	153B	152B	168B	187B
Cash from Investing	-166B	-17.07B	-396B	-22.24B	-539B
Long-Term Debt Issued, Total	985B	1,135B	1,005B	1,012B	1,316B
Total Debt Issued	985B	1,135B	1,005B	1,012B	1,316B
Long-Term Debt Repaid, Total	-684B	-984B	-869B	-896B	-1,078B
Total Debt Repaid	-684B	-984B	-869B	-896B	-1,078B
Issuance of Common Stock	39.99B	89.98B	69.98B	50B	30B
Issuance of Preferred Stock	99.97B	19.58B	-	-	-
Repurchase of Preferred Stock	-45.99B	-32B	-28B	-	-
Common Dividends Paid	-54.17B	-	-57.99B	-65.06B	-68.3B
Preferred Dividends Paid	-6.83B	-	-	-	-
Common & Preferred Stock Dividends Paid	-	-65.95B	-12.23B	-13.42B	-15.28B
Common & Preferred Stock Dividends Paid	-60.99B	-65.95B	-70.22B	-78.48B	-83.58B
Net Increase (Decrease) in Deposit Accounts - (CF)	933B	1,044B	1,227B	2,020B	2,663B
Other Financing Activities, Total	-41.27B	-35.99B	-33.66B	-34.44B	-65.25B
Cash from Financing	1,226B	1,171B	1,301B	2,073B	2,783B
Foreign Exchange Rate Adjustments	14.12B	-33.6B	-41.28B	96.37B	28.38B
Net Change in Cash	-343B	149B	481B	116B	425B
Supplemental Items
Cash Interest Paid	28.77B	23.76B	22.88B	27.98B	518B
Cash Income Tax Paid (Refund)	27.34B	58.69B	56.26B	45.87B	58.76B
Net Debt Issued / Repaid	301B	151B	136B	116B	239B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.92	0.87	0.89	0.85	0.8
Return On Equity %	10.91	9.91	10.07	9.66	9.26
Return on Common Equity	11.27	10.1	10.3	9.7	9
Shareholders Value Added	-2.12B	-15.77B	-18.57B	-32.31B	-50.75B
Margin Analysis
SG&A Margin	34.37	40.32	33.92	33.07	34.25
Net Interest Income / Total Revenues %	83.65	92.27	84.52	88.4	90.02
EBT Excl. Non-Recurring Items Margin %	55.92	55.13	55.29	55.76	57.17
Income From Continuing Operations Margin %	45.13	45.5	45.2	45.58	47.54
Net Income Margin %	41.89	42.79	43.05	43.64	44.75
Net Avail. For Common Margin %	40.36	40.12	40.94	41.07	41.79
Normalized Net Income Margin	31.71	31.74	32.41	32.92	32.94
Asset quality
Nonperforming Loans / Total Loans %	1.37	1.46	1.33	1.32	1.27
Nonperforming Loans / Total Assets %	0.78	0.85	0.78	0.8	0.78
Nonperforming Assets / Total Assets %	0.79	0.86	0.79	0.81	0.79
NPAs / Loans and OREO	1.39	1.48	1.34	1.34	1.29
NPAs / Equity	9.14	9.68	8.97	9.11	9.3
Allowance for Credit Losses / Net Charge-offs %	424.77	658.44	529.47	873.63	826.57
Allowance for Credit Losses / Nonperforming Loans %	182.55	177.63	186.83	188.52	191.51
Allowance for Credit Losses / Total Loans %	2.5	2.6	2.49	2.49	2.44
Net Charge-offs / Total Average Loans %	0.63	0.4	0.49	0.3	0.31
Provision for Loan Losses / Net Charge-offs %	133.34	211.73	140.02	196.08	181.53
Earning Assets / IBL	106.84	108.36	108.31	108.78	109.65
Capital And Funding
Total Average Common Equity / Total Average Assets %	7.28	7.59	7.82	7.93	7.85
Total Average Equity / Total Average Assets %	8.41	8.78	8.83	8.84	8.68
Total Equity + Allowance for Loan Losses / Total Loans %	16.7	16.97	16.68	16.36	15.64
Gross Loans / Total Deposits %	82.14	83.7	87.47	87.8	88.08
Net Loans / Total Deposits %	80.09	81.53	85.29	85.61	85.93
Tier 1 Capital Ratio %	12.79	13.19	13.32	14.11	13.83
Total Capital Ratio %	15.59	16.22	16.53	17.52	17.74
Core Tier 1 Capital Ratio	11.3	11.28	11.3	11.84	11.63
Tier 2 Capital Ratio	2.8	3.03	3.22	3.41	3.91
Coverage Ratio	182.55	177.63	186.83	188.52	191.51
Interbank Ratio	60.64	71.43	59.62	71.1	63.79
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.68	1.72	1.76	1.68	1.51
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	4.04	6.63	2.22	8.36	1.58
Non Interest Income, 1 Yr. Growth %	22.41	-3.91	18.12	-12.45	24.39
Provision For Loan Losses, 1 Yr. Growth %	2.86	15.92	-12.87	-4.9	8.68
Total Revenues, 1 Yr. Growth %	10.85	0.76	11.59	3.59	6.1
Earnings From Cont. Operations, 1 Yr. Growth %	4.91	1.59	10.85	4.47	4.07
Net Income, 1 Yr. Growth %	4.06	2.92	12.28	5.02	2.38
Normalized Net Income, 1 Yr. Growth %	8.62	0.86	13.94	5.21	-0.04
Diluted EPS Before Extra, 1 Yr. Growth %	3.62	0	14.67	3.94	2.19
Dividend Per Share, 1 Yr. Growth %	3.8	3.14	12.18	4.98	1.9
Gross Loans, 1 Yr. Growth %	10.57	8.82	10.52	11.69	13.72
Allowance For Loan Losses, 1 Yr. Growth %	7.2	13.16	5.95	11.96	11.02
Net Loans, 1 Yr. Growth %	10.66	8.71	10.64	11.68	13.79
Non Performing Loans, 1 Yr. Growth %