Today
Today, the Bank of Communications is amongst the top 5 leading commercial banks in China and has an extensive network of over 2,800 branches covering over 80 major cities. Apart from Hong Kong, the Bank has also established overseas branches in New York, Tokyo, Singapore and representative offices in London and Frankfurt. As of end-2002, the Bank had over 45,000 employees and a total asset reaching RMB 766.874 billion.
The Bank was awarded "The Best Bank in China" by international acclaimed magazines Euromoney and Global Finance in 1998 and 1999 respectively. According to the latest ranking of 1000 banks worldwide conducted by the authoritative magazine The Banker, Bank of Communications was ranked 94th, its first time to join the Top-100 list. In addition, the Feb 2003 edition of The Banker also ranked Bank of Communications 92nd amongst the 100 most efficient lending banks of the world.
Bank of Communications currently possesses 128 domestic organs including 30 provincial branches, 7 directly-managed branches, 90 sub-branches managed by the provincial branches with 2,643 network organs in over 220 large- and medium-sized cities. In addition, it has established 12 overseas organs including branch banks in Hong Kong, New York, San Francisco, Tokyo, Singapore, Seoul, Frankfurt, Macau, Sydney, and Ho Chi Minh City, BOCOMUK in London, and representative office in Taibei. According to the ranking announced by the British journal “The Banker” concerning 1,000 worldwide banks in 2011, Bank of Communications ranked 35th for its tier l capital, entering the world’s top 50 banks for two consecutive years. Among the World’s Top 500 Enterprises listed by Fortune in 2011, Bank of Communications ranked 397th., up by 43 as compared with 2010 and entering the World’s Top 500 Enterprises for three straight years. Bank of Communications is one of the major financial service suppliers in China with its business scope covering commercial banking, securities, trust, financial leasing, fund management, insurance, offshore financial services, etc. Bank of Communications is fully engaged to provide efficient and good quality financial services to clients at home and abroad.
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Famous quotes containing the word today:
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This is the state of man; today he puts forth
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