1In July, 1986, the State Council approved the re-establishment of Bank of Communications, the first joint-stock commercial bank in New China. In 2003, it was placed under the management of China Banking Regulatory Commission. In June 2005, Bank of Communications Limited was listed on the Hong Kong Stock Exchange.
202 110/On October 29th, Bank of Communications released the third quarter results announcement of 2021. In the first three quarters, Bank of Communications achieved net operating income of 2002 1 billion yuan (RMB _ the same below), up 7.85% year-on-year and net profit of 64.36 billion yuan, up 22. 1% year-on-year. The total assets of Bank of Communications were 65,438+065,438+0.47 trillion yuan, an increase of 7.24% over the end of last year. The NPL ratio was 65,438+0.60%, down 0.07 percentage point from the end of last year.
Enterprise profile
Bank of Communications, founded in 1908, is one of the oldest banks in China and one of the note-issuing banks in modern China. 1 987 April1day, the newly established Bank of Communications officially opened to the outside world, becoming the first national state-owned joint-stock commercial bank in China, with its head office in Shanghai. In June 2005, Bank of Communications was listed on the Hong Kong Stock Exchange, and in May 2007, it was listed on the Shanghai Stock Exchange.
The business scope of Bank of Communications Group covers commercial banks _ offshore finance, funds, trusts _ financial leasing _ insurance _ overseas securities, debt-to-equity swaps and asset management. By the end of June 2020, there were 245 domestic branches of Bank of Communications, including 30 provincial branches, 7 directly affiliated branches, 208 provincial branches, and 3 branches in 243 cities above prefecture level and 163 counties or county-level cities. The non-bank companies of 025 outlets mainly include its wholly-owned subsidiaries, Bank of Communications Financial Leasing Co., Ltd., Bank of Communications Insurance Co., Ltd., Bank of Communications Financial Assets Investment Co., Ltd., Bank of Communications Schroder Fund Management Co., Ltd., Bank of Communications International Trust Co., Ltd., Bank of Communications Kanglian Life Insurance Co., Ltd. and Bank of Communications International Holdings Co., Ltd. In addition, Bank of Communications is the largest shareholder of Jiangsu Changshu Rural Commercial Bank Co., Ltd. and the largest shareholder of Tibet Bank Co., Ltd.