Bank of Communications Co., Ltd. (3328.HK)

5.580 +0.050 (+0.90%) At close: 04:08PM HKT

Bank of Communications Co., Ltd.

188 Yin Cheng Zhong Lu
Pudong New District
Shanghai 200120
China
86 21 5876 6688
https://www.bankcomm.com

Sector(s): Financial Services
Industry: Banks - Diversified
Full-time employees: 94,275

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Deqi Ren	Executive Chairman	1.01M	N/A	1963
Mr. Jun Liu	Vice Chairman & President	1M	N/A	1972
Mr. Bin Qian	Executive VP & Chief Information Officer	941.9k	N/A	1973

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in HKD.

Description

Bank of Communications Co., Ltd. provides commercial banking products and services. It offers personal deposit products including savings, and personal certificate and structured deposits; personal loan, consumption, housing, mortgage loan, commercial housing, and business loans; and debit and credit card services. The company also provides investment services, which includes funds, insurance, financial products, trust, asset management, and precious metals and commodities trading services, as well as operates banking securities and future business; exclusive services, such as ward fortune, salary payment, community finance, value-added, and junior finance. In addition, it offers foreign exchange services comprising personal foreign exchange settlement and sale, exchange trading, and international money transfer services, as well as cross-border study abroad finance, and business travel services. Further, the company provides business banking services, which includes deposit wealth and cash management, industry chain and government, auto, and shipping finance, as well as investment banking, asset custody, and enterprise annuity account management services; and basic, online and international trade finance, and billing services. It also offers international business services, such as cross-border, exchange rate management, foreign exchange wealth management, international settlement, trade finance, letter of credit, and correspondent banking, as well as operates domestic and overseas linkage, and electronic business. Additionally, it provides bond underwriting, and equity financing and supporting M&A advisory and financing services; offshore and trust business services; leasing services; consignment financial management services; and operates bank-securities, insurance, non-banking financial institution, financial market, money and bond market, forex, and derivatives. The company was founded in 1908 and is headquartered in Shanghai, the People's Republic of China.

Corporate governance

Bank of Communications Co., Ltd.’s ISS governance QualityScore as of 1 May 2024 is 3. The pillar scores are Audit: 3; Board: 4; Shareholder rights: 1; Compensation: 5.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.