Bank of China Limited SEHK 3988 Financials

Bank of China Limited (SEHK:3988) > Financials > Key Stats
In Millions of the trading currency, except per share items. Currency: Trading Currency Conversion: Historical
Order: Latest on Right Units: S&P Capital IQ (Default)
Decimals: Capital IQ (Default) Dilution: Basic
Key Financials¹
For the Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Dec-31-2015A Dec-31-2016A Dec-31-2017A Dec-31-2018A Dec-31-2019A Dec-31-2020A
Currency HKD HKD HKD HKD HKD HKD
Total Revenue 494,553.0 441,660.7 474,316.4 459,553.3 500,463.4 535,319.4

Growth Over Prior Year 1.7% (4.5%) (0.1%) 2.2% 10.8% 0.8%
EBT Excl. Unusual Items 276,026.2 247,151.4 266,936.4 260,437.8 279,850.4 295,125.2
Margin % 55.8% 56.0% 56.3% 56.7% 55.9% 55.1%
Earnings from Cont. Ops. 214,169.9 205,541.8 222,137.0 219,117.1 225,847.2 243,570.6
Margin % 43.3% 46.5% 46.8% 47.7% 45.1% 45.5%
Net Income 203,937.5 183,795.0 207,031.7 205,055.9 209,642.3 229,051.1

Margin % 41.2% 41.6% 43.6% 44.6% 41.9% 42.8%
Diluted EPS Excl. Extra Items³ 0.67 0.6 0.67 0.67 0.68 0.72
Growth Over Prior Year (3.0%) (4.8%) 4.4% 5.1% 3.6% 0.0%
Total Assets 20,072,759.4 20,268,054.2 23,377,095.0 24,216,096.8 25,471,576.6 28,980,428.3

Growth Over Prior Year 10.3% 7.9% 7.3% 9.2% 7.1% 7.2%

Exchange Rate 1.193698883 1.116765562 1.200831451 1.138655364 1.118658892 1.187593052
Conversion Method H H H H H H
¹All results are taken from the most recently filed statement for each period. When there has been more than one, earlier filings can be viewed on the individual statement pages.
²Growth rates for the LTM period are calculated against the LTM period ending 12 months before.
³All forward period figures are consensus mean estimates provided by the brokers and may not be on a comparable basis as financials.
†Growth rates for forward periods are calculated against prior period estimates or actual pro forma results as disclosed on the Estimates Consensus page.
Growth Rates are calculated in originally reported currency only and will not reflect any currency conversion selected above.
Current Capitalization (Millions of HKD)
Currency HKD
Share Price 3.08
Shares Out. 294,384.3
Market Capitalization 1,078,024.4

Foreign Shares-Foreign Listed Shares Out 83,618.7
* Foreign Shares-Foreign Listed Share Price 3.1
= Foreign Shares-Foreign Listed Market Capitalization 262,562.9
+ Domestic Shares Shares Out 210,765.5
* Domestic Shares Share Price 4.0
= Domestic Shares Market Capitalization 835,535.7
Book Value of Common Equity 2,443,850.7
+ Book Value of Pref. Equity -
= Total Equity 2,594,599.4
Tier 1 Capital 2,389,970.3

Tier 2 Capital -
Total Capital 2,941,224.1
Tier 1 Capital Ratio % 12.8%

Total Capital Ratio % 15.7%
Leverage Ratio % -
**For companies that have multiple share classes that publicly trade,
we are incorporating the different prices to calculate our company level
Valuation Multiples
For the Fiscal based on Current Capitalization
Period Ending 12 months 12 months 12 months 12 months 12 months
Dec-31-2020A Mar-31-2021A Dec-31-2021E Dec-31-2022E Dec-31-2023E
Market Cap / Total Revenue 2.0x 2.0x 1.53x 1.42x 1.34x
Market Cap / EBT Excl. Unusual Items 3.7x 3.6x - - -
P/Diluted EPS Before Extra 4.3x 4.2x 4.01x 3.79x 3.54x
P/BV 0.4x 0.4x 0.40x 0.38x 0.35x
Price/Tang BV 0.4x 0.4x - - -

Bank of China Limited (SEHK:3988) > Financials > Income Statement
In Millions of the reported currency, except per share items. Template: Bank Restatement: Latest Filings
Period Type: Annual Order: Latest on Right
Currency: Reported Currency Conversion: Historical
Units: S&P Capital IQ (Defaul Decimals: Capital IQ (Default)
Source: Capital IQ & Proprietar
Income Statement
Dec-31-2015 Dec-31-2016 Dec-31-2017 Dec-31-2018 Dec-31-2019 Dec-31-2020
Currency CNY CNY CNY CNY CNY CNY
Interest Income On Loans 615,056.0 566,139.0 622,616.0 687,900.0 758,007.0 760,070.0

Total Interest Income 615,056.0 566,139.0 622,616.0 687,900.0 758,007.0 760,070.0
Interest On Deposits 286,406.0 260,091.0 284,227.0 328,194.0 367,957.0 344,152.0
Total Interest Expense 286,406.0 260,091.0 284,227.0 328,194.0 367,957.0 344,152.0
Net Interest Income 328,650.0 306,048.0 338,389.0 359,706.0 390,050.0 415,918.0
Income From Trading Activities 9,460.0 8,496.0 1,686.0 6,719.0 28,563.0 8,055.0
Gain (Loss) On Sale Of Assets (Rev) 2,883.0 29,752.0 5,053.0 1,097.0 1,342.0 1,596.0
Gain on Sale of Invest. & Secur (Rev) 5,765.0 12,524.0 2,406.0 2,817.0 3,477.0 9,547.0
Total Other Non-Interest Income 126,534.0 127,702.0 135,456.0 132,548.0 126,082.0 134,036.0
Non-Oper. Income (Exp.) - - - - - -
Total Non Interest Income 144,642.0 178,474.0 144,601.0 143,181.0 159,464.0 153,234.0
Revenue Before Loan Losses 473,292.0 484,522.0 482,990.0 502,887.0 549,514.0 569,152.0
Provision For Loan Losses 58,989.0 89,040.0 88,000.0 99,294.0 102,136.0 118,392.0
Total Revenue 414,303.0 395,482.0 394,990.0 403,593.0 447,378.0 450,760.0
Salaries and Other Empl. Benefits 80,324.0 81,080.0 82,061.0 85,391.0 90,762.0 89,334.0
Amort. of Goodwill & Intang. Assets - - - - - -
Occupancy Expense 13,218.0 13,175.0 13,667.0 13,451.0 21,175.0 22,871.0
Selling General & Admin Exp., Total - 41,565.0 41,235.0 42,768.0 41,845.0 38,944.0
(Income)/Loss from Affiliates (2,334.0) (897.0) (1,162.0) (2,110.0) (1,057.0) (158.0)
Total Other Non-Interest Expense 91,859.0 39,249.0 36,896.0 35,369.0 44,487.0 51,262.0
Total Non-Interest Expense 183,067.0 174,172.0 172,697.0 174,869.0 197,212.0 202,253.0
EBT Excl. Unusual Items 231,236.0 221,310.0 222,293.0 228,724.0 250,166.0 248,507.0
Impairment of Goodwill - - - - - -
Asset Writedown 335.0 1,102.0 610.0 919.0 479.0 (2,129.0)
Other Unusual Items - - - - - -
EBT Incl. Unusual Items 231,571.0 222,412.0 222,903.0 229,643.0 250,645.0 246,378.0
Income Tax Expense 52,154.0 38,361.0 37,917.0 37,208.0 48,754.0 41,282.0

Earnings from Cont. Ops. 179,417.0 184,051.0 184,986.0 192,435.0 201,891.0 205,096.0
Earnings of Discontinued Ops. - - - - - -

Extraord. Item & Account. Change - - - - - -
Net Income to Company 179,417.0 184,051.0 184,986.0 192,435.0 201,891.0 205,096.0
Minority Int. in Earnings (8,572.0) (19,473.0) (12,579.0) (12,349.0) (14,486.0) (12,226.0)

Net Income 170,845.0 164,578.0 172,407.0 180,086.0 187,405.0 192,870.0
Pref. Dividends and Other Adj. 5,012.0 6,718.0 6,754.0 6,791.0 6,826.0 12,029.0
NI to Common Incl Extra Items 165,833.0 157,860.0 165,653.0 173,295.0 180,579.0 180,841.0
NI to Common Excl. Extra Items 165,833.0 157,860.0 165,653.0 173,295.0 180,579.0 180,841.0
Per Share Items

Basic EPS 0.56 0.54 0.56 0.59 0.61 0.61
Basic EPS Excl. Extra Items 0.56 0.54 0.56 0.59 0.61 0.61
Weighted Avg. Basic Shares Out. 293,722.0 294,376.0 294,365.0 294,373.0 294,378.0 294,381.0
Diluted EPS 0.56 0.54 0.56 0.59 0.61 0.61

Diluted EPS Excl. Extra Items 0.56 0.54 0.56 0.59 0.61 0.61
Weighted Avg. Diluted Shares Out. 294,362.0 294,376.0 294,365.0 294,373.0 294,378.0 294,381.0
Normalized Basic EPS 0.46 0.4 0.43 0.44 0.48 0.49

Normalized Diluted EPS 0.46 0.4 0.43 0.44 0.48 0.49
Dividends per Share 0.18 0.17 0.18 0.18 0.19 0.2

Payout Ratio % 35.7% 35.4% 32.6% 32.5% 32.5% 34.2%
Shares per Depository Receipt 25.0 25.0 25.0 25.0 25.0 25.0
Supplemental Items
Effective Tax Rate % 22.5% 17.2% 17.0% 16.2% 19.5% 16.8%
Total Current Taxes 52,077.0 45,228.0 44,860.0 22,424.0 57,578.0 55,550.0
Total Deferred Taxes 77.0 (6,867.0) (6,943.0) 14,784.0 (8,824.0) (14,268.0)
Normalized Net Income 135,950.5 118,845.8 126,354.1 130,603.5 141,867.8 143,090.9

NI per SFAS 123 (after Options) NA NA NA NA NA NA
Non-Cash Pension Expense 150.0 109.0 94.0 110.0 85.0 74.0
Filing Date Mar-31-2017 Mar-29-2018 Mar-29-2019 Mar-27-2020 Mar-30-2021 Mar-30-2021
Restatement Type NC RC NC NC RC O
Calculation Type REP REP REP REP REP REP
Note: For multiple class companies, per share items are primary class equivalent, and for foreign companies listed as primary ADRs, per share items are ADR-equivalent.
Bank of China Limited (SEHK:3988) > Financials > Balance Sheet
Balance Sheet
Balance Sheet as of: Reclassified Reclassified
ASSETS
Cash And Equivalents 536,038.0 648,422.0 581,111.0 985,596.0 873,645.0 920,647.0
Investment Securities 3,869,131.0 4,379,919.0 4,950,935.0 5,280,895.0 5,728,561.0 5,892,353.0

Trading Asset Securities 151,476.0 212,196.0 243,499.0 470,047.0 562,797.0 650,066.0
Total Investments 4,020,607.0 4,592,115.0 5,194,434.0 5,750,942.0 6,291,358.0 6,542,419.0
Gross Loans 9,135,860.0 9,973,362.0 10,896,558.0 11,787,683.0 13,034,189.0 14,183,385.0

Allowance For Loan Losses (200,665.0) (237,716.0) (252,254.0) (303,508.0) (325,360.0) (368,173.0)
Net Loans 8,935,195.0 9,735,646.0 10,644,304.0 11,484,175.0 12,708,829.0 13,815,212.0
Gross Property, Plant & Equipment 267,712.0 288,915.0 307,983.0 336,624.0 390,117.0 401,971.0
Accumulated Depreciation (85,681.0) (94,018.0) (102,369.0) (109,230.0) (122,755.0) (130,527.0)
Net Property, Plant & Equipment 182,031.0 194,897.0 205,614.0 227,394.0 267,362.0 271,444.0
Goodwill 2,449.0 2,473.0 2,481.0 2,620.0 2,686.0 2,525.0

Other Intangibles 13,854.0 14,542.0 18,835.0 19,452.0 20,255.0 22,140.0
Investment in Real Estate 23,281.0 21,659.0 21,026.0 22,086.0 23,108.0 22,065.0
Accrued Interest Receivable 77,354.0 79,836.0 96,919.0 34,344.0 37,322.0 35,086.0
Other Receivables 996,259.0 878,040.0 729,467.0 929,175.0 771,915.0 1,019,417.0
Restricted Cash 1,580,456.0 1,723,495.0 1,740,871.0 1,575,873.0 1,498,666.0 1,442,384.0
Other Current Assets 414,690.0 211,788.0 172,763.0 181,203.0 206,210.0 223,313.0
Deferred Tax Assets, LT 22,246.0 34,341.0 46,487.0 38,204.0 44,029.0 58,916.0
Other Real Estate Owned And Foreclosed 2,070.0 2,775.0 2,675.0 2,318.0 2,400.0 2,120.0
Deferred Charges, LT 2,949.0 3,235.0 3,105.0 3,306.0 3,222.0 3,215.0
Other Long-Term Assets 6,118.0 5,625.0 7,332.0 10,587.0 18,737.0 21,756.0
Total Assets 16,815,597.0 18,148,889.0 19,467,424.0 21,267,275.0 22,769,744.0 24,402,659.0
LIABILITIES
Accrued Exp. 26,553.0 27,647.0 35,511.0 30,941.0 33,334.0 34,143.0
Interest Bearing Deposits 11,889,704.0 13,145,958.0 13,863,531.0 14,921,200.0 15,867,737.0 16,944,904.0

Total Deposits 11,889,704.0 13,145,958.0 13,863,531.0 14,921,200.0 15,867,737.0 16,944,904.0
Short-term Borrowings 1,203,785.0 1,049,243.0 926,497.0 1,287,695.0 1,550,528.0 2,118,394.0

Curr. Port. of LT Debt 968,999.0 788,966.0 1,168,450.0 1,445,926.0 1,424,241.0 1,126,064.0
Curr. Port. of Leases - - - - 6,307.0 6,369.0
Long-Term Debt 678,643.0 1,044,541.0 1,301,448.0 1,216,491.0 1,166,408.0 1,197,075.0
Long-Term Leases 501.0 474.0 - - 15,283.0 15,524.0
Curr. Income Taxes Payable 37,982.0 28,055.0 27,722.0 27,894.0 59,102.0 55,665.0
Accrued Interest Payable 174,256.0 183,516.0 190,226.0 177,423.0 176,790.0 191,986.0
Other Current Liabilities 241,055.0 104,316.0 61,993.0 77,974.0 86,103.0 96,852.0
Unearned Revenue, Non-Current 7,099.0 8,000.0 8,680.0 9,264.0 10,476.0 11,532.0
Pension & Other Post-Retire. Benefits 4,413.0 3,609.0 3,198.0 2,825.0 2,533.0 2,199.0
Def. Tax Liability, Non-Curr. 4,291.0 4,501.0 4,018.0 4,548.0 5,452.0 6,499.0
Other Non-Current Liabilities 220,711.0 272,971.0 299,471.0 339,697.0 388,754.0 432,616.0
Total Liabilities 15,457,992.0 16,661,797.0 17,890,745.0 19,541,878.0 20,793,048.0 22,239,822.0
Pref. Stock, Convertible 99,714.0 99,714.0 99,714.0 99,714.0 159,901.0 147,519.0

Total Pref. Equity 99,714.0 99,714.0 99,714.0 99,714.0 159,901.0 147,519.0
Common Stock 294,388.0 294,388.0 294,388.0 294,388.0 294,388.0 294,388.0

Additional Paid In Capital 139,921.0 139,921.0 139,921.0 139,921.0 133,716.0 133,679.0
Retained Earnings 773,177.0 879,515.0 995,709.0 1,075,394.0 1,201,802.0 1,326,267.0
Treasury Stock (86.0) (53.0) (102.0) (68.0) (7.0) (8.0)
Comprehensive Inc. and Other (2,168.0) (1,803.0) (33,614.0) 3,631.0 61,901.0 136,574.0
Total Common Equity 1,205,232.0 1,311,968.0 1,396,302.0 1,513,266.0 1,691,800.0 1,890,900.0
Minority Interest 52,659.0 75,410.0 80,663.0 112,417.0 124,995.0 124,418.0
Total Equity 1,357,605.0 1,487,092.0 1,576,679.0 1,725,397.0 1,976,696.0 2,162,837.0
Total Liabilities And Equity 16,815,597.0 18,148,889.0 19,467,424.0 21,267,275.0 22,769,744.0 24,402,659.0
Supplemental Items
Total Shares Out. on Filing Date 294,357.8 294,370.3 294,355.9 294,365.0 294,385.5 294,384.3
Total Shares Out. on Balance Sheet Date 294,357.8 294,370.3 294,355.9 294,365.0 294,385.5 294,384.3
Book Value/Share 4.09 4.46 4.74 5.14 5.75 6.42
Book Value/Share (Reported) 4.09 4.46 4.74 5.14 5.61 5.98
Tangible Book Value 1,188,929.0 1,294,953.0 1,374,986.0 1,491,194.0 1,668,859.0 1,866,235.0
Tangible Book Value/Share 4.04 4.4 4.67 5.07 5.67 6.34
Average Assets NA NA NA NA NA NA
Average Loans 8,916,436.0 9,705,782.0 10,601,544.0 11,107,013.0 12,435,000.0 13,883,933.0
Total Debt 2,851,928.0 2,883,224.0 3,396,395.0 3,950,112.0 4,162,767.0 4,463,426.0
Cash Deposits Int. Bearing 834,479.0 725,837.0 679,101.0 1,424,074.0 998,168.0 1,041,363.0
Debt Equiv. of Unfunded Proj. Benefit Obligation 4,255.0 3,439.0 3,027.0 2,825.0 2,533.0 2,199.0
Net Debt 1,923,172.0 1,665,404.0 2,173,515.0 2,090,583.0 2,221,040.0 2,315,265.0
Equity Method Investments 10,843.0 14,059.0 17,180.0 23,369.0 23,210.0 33,508.0
Full Time Employees 310,042 308,900 311,133 310,119 309,384 309,084
Number of Branches 11,633 11,556 11,605 11,741 11,699 11,550
Restatement Type NC NC RC RC NC O
Note: For multiple class companies, total share counts are primary class equivalent, and for foreign companies listed as primary ADRs, total share counts are ADR-equivalent.
Bank of China Limited (SEHK:3988) > Financials > Cash Flow
Cash
For theFlow
Fiscal Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Net Income 170,845.0 164,578.0 172,407.0 180,086.0 187,405.0 192,870.0

Depreciation & Amort. 14,576.0 14,561.0 15,271.0 14,965.0 22,580.0 21,183.0
Amort. of Goodwill and Intangibles 1,032.0 1,130.0 1,498.0 2,078.0 2,775.0 6,323.0
Depreciation & Amort., Total 15,608.0 15,691.0 16,769.0 17,043.0 25,355.0 27,506.0
(Gain) Loss On Sale of Assets (2,814.0) (29,659.0) (4,939.0) (968.0) (1,180.0) (1,448.0)
(Gain) Loss On Sale Of Invest. (5,801.0) (11,598.0) (2,080.0) (1,731.0) (1,781.0) (2,370.0)
Asset Writedown 322.0 99.0 900.0 497.0 1,065.0 3,816.0
Provision for Credit Losses 58,988.0 88,041.0 86,935.0 107,905.0 98,771.0 103,630.0
(Income) Loss on Equity Invest. (2,334.0) (897.0) (1,162.0) (2,110.0) (1,057.0) (158.0)
Change in Trad. Asset Securities (27,772.0) (1,749.0) (45,203.0) - - -
Change in Other Net Operating Assets (472,714.0) (1,191,620.0) (427,010.0) (573,443.0) (1,638,595.0) (1,179,340.0)
Other Operating Activities (91,139.0) (99,514.0) (102,870.0) (113,676.0) (87,180.0) (115,476.0)
Cash from Ops. (356,811.0) (1,066,628.0) (306,253.0) (386,397.0) (1,417,197.0) (970,970.0)
Capital Expenditures (36,942.0) (34,247.0) (46,011.0) (42,149.0) (39,019.0) (39,622.0)

Sale of Property, Plant and Equipment 12,580.0 11,201.0 8,736.0 10,273.0 10,554.0 4,087.0
Cash Acquisitions - (2,860.0) (3,949.0) (3,246.0) (1,249.0) (12,655.0)
Divestitures 7,416.0 27,857.0 5,176.0 5,300.0 1,459.0 1,085.0
Net Cash from Investments (835,081.0) (359,593.0) (591,828.0) (297,334.0) (293,066.0) (122,984.0)
Net (Increase)/Decrease in Loans Orig/Sold - - - - - -
Deferred Charges - - - - - -
Total Other Investing Activities 94,748.0 111,256.0 122,786.0 144,663.0 155,643.0 153,023.0
Cash from Investing (757,279.0) (246,386.0) (505,090.0) (182,493.0) (165,678.0) (17,066.0)
Short Term Debt Issued - - - - - -
Long-Term Debt Issued 109,991.0 150,721.0 586,789.0 664,202.0 985,472.0 1,135,331.0
Total Debt Issued 109,991.0 150,721.0 586,789.0 664,202.0 985,472.0 1,135,331.0
Short Term Debt Repaid - - - - - -
Long-Term Debt Repaid (93,643.0) (83,560.0) (446,896.0) (377,446.0) (684,069.0) (984,337.0)
Total Debt Repaid (93,643.0) (83,560.0) (446,896.0) (377,446.0) (684,069.0) (984,337.0)
Issuance of Common Stock - - - - 139,961.0 89,979.0

Issuance of Pref. Stock 27,969.0 - - - - 19,581.0
Repurchase of Preferred Stock - - - - (45,987.0) (32,000.0)
Common Dividends Paid (55,934.0) (51,518.0) (49,457.0) (51,812.0) (54,167.0) -

Pref. Dividends Paid (5,012.0) (6,718.0) (6,754.0) (6,791.0) (6,826.0) -
Common and/or Pref. Dividends Paid - - - - - (65,948.0)
Total Dividends Paid (60,946.0) (58,236.0) (56,211.0) (58,603.0) (60,993.0) (65,948.0)
Net Incr. (Decr.) in Deposit Accounts 1,028,905.0 1,248,709.0 712,389.0 1,048,755.0 932,931.0 1,043,998.0
Special Dividend Paid - - - - - -
Other Financing Activities (12,086.0) (10,638.0) (18,098.0) 1,184.0 (41,273.0) (35,989.0)
Cash from Financing 1,000,190.0 1,246,996.0 777,973.0 1,278,092.0 1,226,042.0 1,170,615.0
Foreign Exchange Rate Adj. 17,827.0 33,187.0 (27,125.0) 20,646.0 14,125.0 (33,603.0)
Net Change in Cash (96,073.0) (32,831.0) (60,495.0) 729,848.0 (342,708.0) 148,976.0
Supplemental Items
Cash Interest Paid 11,445.0 11,654.0 15,693.0 14,332.0 28,770.0 23,756.0
Cash Taxes Paid 55,683.0 55,289.0 38,463.0 28,515.0 27,344.0 58,690.0
Net Debt Issued 16,348.0 67,161.0 139,893.0 286,756.0 301,403.0 150,994.0
Restatement Type NC NC NC NC NC O
Bank of China Limited (SEHK:3988) > Financials > Multiples
View: Data Frequency: Quarterly

Order: Latest on Right Decimals: Capital IQ (Default)
Dilution: Basic
Multiples Detail
In Millions of the reported currency, except per share items.
For Quarter Ending Mar-31-2015 Jun-30-2015 Sep-30-2015 Dec-31-2015 Mar-31-2016

Market Cap/LTM Total Revenue Average 2.88x 3.26x 2.88x 2.61x 2.20x
High 3.23x 3.58x 3.57x 2.79x 2.49x
Low 2.58x 3.01x 2.32x 2.41x 2.04x
Close 3.00x 3.33x 2.40x 2.59x 2.29x
Market Cap/NTM Total Revenues Average 2.41x 2.69x 2.42x 2.16x 1.85x
High 2.69x 2.96x 2.96x 2.30x 2.10x
Low 2.18x 2.49x 2.00x 2.04x 1.72x
Close 2.49x 2.75x 2.03x 2.17x 1.95x
Market Cap/LTM EBT Excl. Unusual Items Average 5.08x 5.75x 5.07x 4.63x 3.91x
High 5.70x 6.32x 6.31x 4.97x 4.43x
Low 4.57x 5.32x 4.10x 4.24x 3.63x
Close 5.29x 5.88x 4.23x 4.61x 4.10x
P/LTM EPS Average 5.98x 7.18x 5.48x 5.08x 4.48x

High 6.18x 7.64x 6.92x 5.43x 4.91x
Low 5.70x 6.29x 4.48x 4.66x 4.15x
Close 6.17x 6.94x 4.58x 5.05x 4.79x
P/NTM EPS Average 5.44x 6.83x 4.96x 4.37x 4.12x

High 5.89x 7.42x 6.19x 4.75x 4.75x
Low 5.16x 6.00x 4.05x 4.03x 3.74x
Close 5.89x 6.60x 4.14x 4.53x 4.69x
P/LTM Normalized EPS Average 7.47x 8.93x 6.82x 6.37x 5.62x

High 7.71x 9.54x 8.61x 6.83x 6.17x
Low 7.12x 7.85x 5.57x 5.79x 5.21x
Close 7.70x 8.62x 5.69x 6.35x 5.84x
P/BV Average 0.95x 1.08x 0.82x 0.82x 0.73x

High 0.98x 1.20x 1.02x 0.89x 0.81x
Low 0.91x 0.99x 0.69x 0.71x 0.66x
Close 0.97x 1.02x 0.70x 0.83x 0.66x
P/Tangible BV Average 0.95x 1.08x 0.82x 0.82x 0.73x

High 0.98x 1.22x 1.02x 0.89x 0.81x
Low 0.91x 1.00x 0.69x 0.72x 0.67x
Close 0.98x 1.02x 0.71x 0.83x 0.67x
Average multiples are calculated using positive close values on each trading day within the frequency periods selected. Negative values are excluded from the calculation. When the Multiples are not meaningful, due to neg
When a mismatch exists between the currency of the equity listing and the reported financial results such results are translated into the currency of the listing at the exchange rate applicable on the financial period end date
Historical Equity Pricing Data supplied by Interactive Data Pricing and

Reference Data LLC
Jun-30-2016 Sep-30-2016 Dec-30-2016 Mar-31-2017 Jun-30-2017 Sep-29-2017 Dec-29-2017 Mar-29-2018 Jun-29-2018
2.20x 2.25x 2.32x 2.46x 2.67x 2.90x 2.79x 3.10x 2.71x
2.29x 2.38x 2.43x 2.72x 2.76x 3.19x 2.97x 3.46x 2.96x
2.07x 2.10x 2.26x 2.32x 2.57x 2.67x 2.68x 2.81x 2.43x
2.11x 2.31x 2.30x 2.72x 2.73x 2.88x 2.80x 2.96x 2.46x
1.85x 1.93x 1.97x 2.07x 2.11x 2.22x 2.16x 2.30x 2.01x

1.95x 2.04x 2.07x 2.16x 2.20x 2.40x 2.29x 2.54x 2.16x
1.77x 1.81x 1.92x 1.98x 2.04x 2.07x 2.08x 2.12x 1.86x
1.81x 1.96x 1.97x 2.10x 2.10x 2.24x 2.12x 2.09x 1.89x
3.93x 4.00x 4.05x 4.27x 4.74x 5.11x 4.90x 5.47x 4.80x

4.11x 4.19x 4.22x 4.87x 4.89x 5.65x 5.17x 6.09x 5.25x
3.69x 3.75x 3.95x 4.02x 4.56x 4.74x 4.72x 4.96x 4.29x
3.76x 4.06x 4.00x 4.87x 4.84x 5.02x 4.94x 5.25x 4.35x
4.66x 5.10x 5.23x 5.63x 6.31x 6.26x 5.84x 6.48x 5.90x

4.97x 5.64x 5.52x 6.45x 6.54x 6.79x 6.22x 7.20x 6.33x
4.44x 4.55x 5.02x 5.18x 6.06x 5.84x 5.58x 5.88x 5.31x
4.64x 5.37x 5.15x 6.45x 6.33x 5.84x 5.76x 6.28x 5.45x
4.74x 5.35x 5.28x 5.53x 5.78x 5.12x 4.85x 5.35x 5.28x

5.18x 5.82x 5.69x 5.96x 5.98x 5.81x 5.10x 5.98x 5.58x
4.40x 4.84x 4.97x 5.15x 5.57x 4.82x 4.64x 4.79x 4.91x
4.90x 5.54x 5.13x 5.82x 5.71x 4.82x 4.70x 5.48x 5.05x
5.70x 6.37x 6.85x 7.42x 8.41x 8.21x 7.49x 8.36x 7.71x

6.08x 7.26x 7.11x 8.56x 8.73x 9.07x 7.89x 9.29x 8.31x
5.44x 5.56x 6.61x 6.83x 8.05x 7.41x 7.20x 7.58x 6.93x
5.67x 6.91x 6.79x 8.56x 8.45x 7.41x 7.43x 8.23x 7.11x
0.64x 0.69x 0.78x 0.87x 0.77x 0.77x 0.80x 0.93x 0.72x

0.69x 0.75x 0.84x 0.94x 0.81x 0.84x 0.87x 1.03x 0.75x
0.61x 0.63x 0.69x 0.78x 0.73x 0.73x 0.75x 0.74x 0.66x
0.64x 0.72x 0.80x 0.78x 0.78x 0.73x 0.82x 0.74x 0.68x
0.65x 0.70x 0.78x 0.87x 0.78x 0.78x 0.81x 0.93x 0.73x

0.69x 0.76x 0.84x 0.94x 0.81x 0.84x 0.87x 1.03x 0.76x
0.61x 0.63x 0.70x 0.79x 0.74x 0.73x 0.75x 0.75x 0.66x
0.64x 0.72x 0.80x 0.79x 0.78x 0.74x 0.82x 0.75x 0.68x
ul, due to negative values, then they will not be displayed in the chart.
riod end date.

Sep-28-2018 Dec-31-2018 Mar-29-2019 Jun-28-2019 Sep-30-2019 Dec-31-2019 Mar-31-2020 Jun-30-2020 Sep-30-2020
2.39x 2.48x 2.64x 2.58x 2.33x 2.33x 2.28x 2.11x 2.09x
2.52x 2.57x 2.80x 2.86x 2.48x 2.41x 2.41x 2.15x 2.37x
2.24x 2.36x 2.47x 2.43x 2.21x 2.25x 2.10x 2.06x 2.02x
2.52x 2.51x 2.67x 2.46x 2.25x 2.38x 2.10x 2.12x 2.08x
1.87x 1.88x 1.95x 1.95x 1.82x 1.79x 1.75x 1.66x 1.54x

1.95x 1.94x 2.06x 2.10x 1.90x 1.84x 1.82x 1.74x 1.81x
1.80x 1.84x 1.83x 1.86x 1.76x 1.75x 1.66x 1.62x 1.44x
1.95x 1.88x 1.95x 1.88x 1.78x 1.80x 1.69x 1.63x 1.45x
4.22x 4.39x 4.65x 4.60x 4.16x 4.14x 4.05x 3.77x 3.79x

4.47x 4.54x 4.94x 5.05x 4.43x 4.27x 4.27x 3.84x 4.22x
3.97x 4.18x 4.36x 4.34x 3.91x 3.98x 3.76x 3.68x 3.59x
4.47x 4.43x 4.71x 4.41x 3.98x 4.23x 3.76x 3.78x 3.88x
5.07x 4.94x 5.31x 5.05x 4.50x 4.77x 4.66x 4.33x 4.08x

5.41x 5.20x 5.56x 5.70x 4.73x 5.02x 5.04x 4.47x 4.73x
4.83x 4.70x 4.93x 4.57x 4.21x 4.48x 4.08x 4.19x 3.83x
5.06x 5.02x 5.31x 4.71x 4.51x 4.98x 4.35x 4.29x 4.00x
4.80x 4.66x 5.00x 4.83x 4.45x 4.41x 4.59x 4.24x 3.65x

5.02x 4.81x 5.23x 5.25x 4.64x 4.64x 4.88x 4.38x 4.54x
4.49x 4.51x 4.54x 4.48x 4.26x 4.17x 4.16x 4.11x 3.18x
4.93x 4.64x 4.99x 4.61x 4.45x 4.44x 4.30x 4.15x 3.19x
6.69x 6.62x 7.10x 6.80x 6.01x 6.12x 5.96x 5.48x 5.14x

7.11x 6.95x 7.43x 7.56x 6.42x 6.44x 6.46x 5.66x 5.98x
6.44x 6.33x 6.59x 6.20x 5.65x 5.80x 5.23x 5.31x 4.84x
6.82x 6.71x 7.05x 6.40x 5.84x 6.38x 5.51x 5.43x 5.01x
0.62x 0.65x 0.72x 0.58x 0.51x 0.56x 0.56x 0.43x 0.38x

0.67x 0.71x 0.75x 0.65x 0.54x 0.61x 0.61x 0.47x 0.46x
0.58x 0.56x 0.61x 0.52x 0.48x 0.49x 0.45x 0.41x 0.34x
0.61x 0.68x 0.61x 0.54x 0.49x 0.61x 0.46x 0.42x 0.34x
0.63x 0.65x 0.72x 0.58x 0.51x 0.57x 0.56x 0.44x 0.38x

0.67x 0.71x 0.75x 0.66x 0.54x 0.61x 0.61x 0.47x 0.46x
0.59x 0.57x 0.62x 0.52x 0.48x 0.50x 0.46x 0.41x 0.35x
0.61x 0.68x 0.62x 0.54x 0.50x 0.61x 0.47x 0.42x 0.35x
Dec-31-2020
2.11x
2.20x
2.03x
2.10x
1.46x
1.52x
1.43x
1.44x
3.99x
4.16x
3.83x
3.97x
4.23x
4.50x
3.91x
4.23x
3.69x
4.02x
3.13x
3.72x
5.45x
5.86x
4.94x
5.51x
0.37x
0.40x
0.34x
0.38x
0.37x
0.40x
0.34x
0.38x
Bank of China Limited (SEHK:3988) > Financials > Historical Capitalization
In Millions of the trading currency, except per share items. Frequency: Quarterly Order: Latest on Right
Currency: Trading Currency Conversion: Historical
Dilution: Basic
Historical Capitalization
Balance Sheet as of:
Mar-31-2015 Jun-30-2015 Sep-30-2015 Dec-31-2015 Mar-31-2016 Jun-30-2016
Pricing as of* Apr-29-2015 Aug-28-2015 Oct-29-2015 Mar-30-2016 Apr-26-2016 Aug-30-2016
Capitalization Detail
Share Price 5.53 3.55 3.72 3.25 3.2 3.45
Shares Out. 294,387.8 294,361.1 294,374.0 294,358.1 294,374.0 294,378.1
Market Capitalization 1,771,944.3 1,291,651.6 1,310,771.2 1,129,553.5 1,113,395.1 1,133,392.3

Book Value of Common Equity 1,410,423.8 1,400,793.5 1,413,191.1 1,438,684.1 1,500,356.0 1,457,141.8
+ Book Value of Pref. Equity 124,704.0 124,671.8 121,569.3 119,028.5 119,834.5 116,375.6
= Total Equity 1,590,820.9 1,584,309.2 1,595,980.3 1,620,571.6 1,686,048.1 1,657,626.3
Tier 1 Capital 1,516,881.5 1,503,600.2 1,513,794.2 1,534,451.0 1,593,060.3 1,542,916.2

Tier 2 Capital - 267,119.1 - 254,182.7 - 248,525.5
Total Capital 1,808,286.0 1,770,719.3 1,769,009.9 1,788,633.6 1,836,680.7 1,791,441.7
Tier 1 Capital Ratio % 11.9% 11.6% 11.7% 12.1% 12.2% 12.0%

Total Capital Ratio % 14.1% 13.7% 13.7% 14.1% 14.1% 13.9%
Leverage Ratio % - - - - - -
sheet components from the last reported balance sheet as of this date.
The table above
company’s is organized
primary along
stock class. period
Shares end on
shown dates.
this page are total
company as-reported share values.
Historical Equity Pricing Data supplied by Interactive Data Pricing and

Reference Data LLC
Sep-30-2016 Dec-31-2016 Mar-31-2017 Jun-30-2017 Sep-30-2017 Dec-31-2017 Mar-31-2018 Jun-30-2018 Sep-30-2018
Oct-26-2016 Mar-31-2017 Apr-28-2017 Aug-30-2017 Oct-30-2017 Mar-29-2018 Apr-27-2018 Aug-28-2018 Oct-29-2018
HKD HKD HKD HKD HKD HKD HKD HKD HKD
3.52 3.86 3.77 4.13 4.03 4.22 4.2 3.63 3.27

294,374.0 294,370.6 294,374.0 294,350.8 294,374.0 294,355.9 294,374.0 294,372.3 294,372.3
1,117,679.6 1,202,902.3 1,169,316.9 1,413,378.8 1,338,731.0 1,402,286.8 1,349,106.5 1,169,292.8 1,152,144.3

1,499,933.2 1,465,160.7 1,525,661.3 1,556,364.4 1,621,979.2 1,676,723.4 1,757,319.2 1,691,812.6 1,684,795.6
115,952.0 111,357.2 112,544.2 114,815.0 117,069.7 119,739.7 124,757.2 118,196.4 113,593.0
1,703,454.5 1,660,733.1 1,725,320.7 1,759,257.9 1,833,614.3 1,893,325.7 1,981,408.9 1,909,202.9 1,924,180.0
1,583,981.4 1,546,010.0 1,598,617.4 1,630,165.0 1,703,006.6 1,754,522.8 1,840,237.9 1,762,587.7 1,756,672.7

- 251,465.5 - 221,845.1 - 317,307.7 - 293,247.0 -
1,831,767.6 1,797,475.5 1,828,539.8 1,852,010.2 1,966,218.0 2,071,830.5 2,167,834.0 2,055,834.7 2,074,957.3
12.2% 12.3% 12.0% 11.8% 12.0% 12.0% 11.8% 11.8% 12.0%

14.1% 14.3% 13.8% 13.4% 13.9% 14.2% 13.9% 13.8% 14.2%
- - - - - - - - -
Dec-31-2018 Mar-31-2019 Jun-30-2019 Sep-30-2019 Dec-31-2019 Mar-31-2020 Jun-30-2020 Sep-30-2020 Dec-31-2020
Mar-29-2019 Apr-29-2019 Aug-30-2019 Oct-30-2019 Mar-27-2020 Apr-29-2020 Aug-31-2020 Oct-30-2020 Mar-30-2021
HKD HKD HKD HKD HKD HKD HKD HKD HKD
3.56 3.77 2.99 3.22 2.93 2.97 2.54 2.45 2.92

294,365.0 294,365.0 294,368.3 294,368.3 294,385.5 294,385.5 294,385.5 294,385.5 294,384.3
1,226,969.1 1,270,193.3 1,065,049.1 1,133,350.4 1,055,457.3 1,047,055.7 994,763.6 981,795.1 1,066,996.5

1,723,088.4 1,829,079.5 1,840,009.7 1,784,332.9 1,892,547.1 2,112,049.7 1,951,751.5 2,258,843.8 2,245,619.7
113,539.9 163,410.8 196,422.0 262,911.3 178,874.7 - 196,915.2 - 175,192.5
1,964,632.5 2,125,946.3 2,169,546.8 2,180,425.3 2,211,248.6 2,253,081.7 2,291,481.3 2,403,365.7 2,568,570.2
1,793,715.8 1,944,365.6 1,989,669.5 2,000,801.7 2,020,784.6 2,065,149.5 2,096,248.0 2,214,232.0 2,366,422.9

395,178.3 - 384,503.4 - 441,694.6 - 425,886.4 - 544,433.0
2,188,894.1 2,336,781.2 2,374,172.9 2,383,515.8 2,462,479.2 2,474,538.9 2,522,134.4 2,749,585.5 2,910,855.9
12.3% 12.5% 12.9% 13.0% 12.8% 12.8% 12.8% 12.6% 13.2%

15.0% 15.0% 15.3% 15.5% 15.6% 15.3% 15.4% 15.7% 16.2%
- - - - - - - - -
Bank of China Limited (SEHK:3988) > Financials > Capital Structure Summary
In Millions of the reported currency, except ratios and % of Total
values. Restatement: Latest Filings Period Type: Annual
Order: Latest on Right
Debt Summary
For the Data
Fiscal Period Ending
12 months Dec-31-2015 12 months Dec-31-2016 12 months Dec-31-2017
Currency CNY CNY CNY
Units Millions % of Total Millions % of Total Millions % of Total
Total Term Loans 2,469,057.0 86.6% 2,386,171.0 82.8% 2,756,790.0 81.2%

Total Senior Bonds and Notes 113,742.0 4.0% 191,082.0 6.6% 277,326.0 8.2%
Total Subordinated Bonds and Notes 169,187.0 5.9% 171,236.0 5.9% 223,709.0 6.6%
Total Lease Liabilities 501.0 0.0% 474.0 0.0% - -
General/Other Borrowings 30,281.0 1.1% 27,152.0 0.9% 30,628.0 0.9%
Total Principal Due 2,782,768.0 97.6% 2,776,115.0 96.3% 3,288,453.0 96.8%
Total Adjustments 69,160.0 2.4% 107,109.0 3.7% 107,942.0 3.2%

Total Debt Outstanding 2,851,928.0 100.0% 2,883,224.0 100.0% 3,396,395.0 100.0%
Additional Totals
Total Cash & ST Investments 928,756.0 - 1,217,820.0 - 1,222,880.0 -
Net Debt 1,923,172.0 - 1,665,404.0 - 2,173,515.0 -
Total Senior Debt 2,613,581.0 91.6% 2,604,879.0 90.3% 3,064,744.0 90.2%
Total Subordinated Debt 169,187.0 5.9% 171,236.0 5.9% 223,709.0 6.6%
Subordinated Debt 169,187.0 5.9% 171,236.0 5.9% 223,709.0 6.6%
Total Short-Term Borrowings 1,203,785.0 42.2% 1,049,243.0 36.4% 926,497.0 27.3%
Curr. Port. of LT Debt/Cap. Leases 968,999.0 34.0% 788,966.0 27.4% 1,168,450.0 34.4%
Long-Term Debt (Incl. Cap. Leases) 679,144.0 23.8% 1,045,015.0 36.2% 1,301,448.0 38.3%
Total Bank Debt 2,469,057.0 86.6% 2,386,171.0 82.8% 2,756,790.0 81.2%
Total Secured Debt 30,782.0 1.1% 27,626.0 1.0% 30,628.0 0.9%
Total Senior Secured Debt 30,782.0 1.1% 27,626.0 1.0% 30,628.0 0.9%
Total Unsecured Debt 2,751,986.0 96.5% 2,748,489.0 95.3% 3,257,825.0 95.9%
Senior Unsecured Bonds and Notes 113,742.0 4.0% 191,082.0 6.6% 277,326.0 8.2%
Fixed Rate Debt 169,187.0 5.9% 171,236.0 5.9% 223,709.0 6.6%
Variable Rate Debt 13,295.0 0.5% 51,088.0 1.8% 10,426.0 0.3%
Hedging Activities 69,160.0 2.4% 107,109.0 3.7% 111,095.0 3.3%
Fixed Payment Schedule

LT Debt (Incl. Cap. Leases) Due +1 2,103,691.8 73.8% 1,731,175.2 60.0% 1,984,065.4 58.4%
LT Debt (Incl. Cap. Leases) Due +2 70,388.1 2.5% 75,126.5 2.6% 101,248.5 3.0%
LT Debt (Incl. Cap. Leases) Due, Next 5 Yrs 2,385,245.0 83.6% 2,031,034.1 70.4% 2,389,017.5 70.3%
LT Debt (Incl. Cap. Leases) Due, After 5 Yrs 110,449.0 3.9% 55,076.9 1.9% 35,847.5 1.1%
Cap. Lease Payment Due +1 67.8 - 75.2 - 213.4 -

Cap. Lease Payment Due +4 - - - - - -
Cap. Lease Payment Due +5 - - - - - -
Cap. Lease Payment Due, Next 5 Yrs 340.0 - 319.1 - 253.5 -
Cap. Lease Payment Due, After 5 Yrs 161.0 - 154.9 - 129.5 -
Cap. Lease Payment Due (incl. Interest) +1 - - - - - -
Operating Lease Commitment Due +1 6,313.0 - 6,446.0 - 6,570.0 -

Operating Lease Commitment Due, Next 5 Yrs 19,353.0 - 15,206.0 - 19,066.0 -
Operating Lease Commitment Due, After 5 Yrs 2,997.0 - 7,157.0 - 2,720.0 -
Contractual Obligations Due +1 11,023,119.0 - 12,559,126.0 - 13,310,799.0 -

Contractual Obligations Due + 2 456,573.3 - 461,614.0 - 486,953.0 -
Contractual Obligations Due, Next 5 Yrs 12,849,412.0 - 14,405,582.0 - 15,258,611.0 -
Contractual Obligations Due, After 5 Yrs 32,154.0 - 38,412.0 - 50,241.0 -
Total Contractual Obligations 12,881,566.0 - 14,443,994.0 - 15,308,852.0 -
Interest Rate Data
Filing Date Mar-31-2017 - Mar-29-2018 - Mar-29-2019 -
12 months Dec-31-2018 12 months Dec-31-2019 12 months Dec-31-2020
CNY CNY CNY
Millions % of Total Millions % of Total Millions % of Total
3,026,403.0 76.6% 2,920,067.0 70.1% 2,954,169.0 66.2%

566,050.0 14.3% 934,193.0 22.4% 1,108,913.0 24.8%
209,330.0 5.3% 155,713.0 3.7% 129,460.0 2.9%
- - 21,590.0 0.5% 21,893.0 0.5%
32,761.0 0.8% 28,011.0 0.7% 26,034.0 0.6%
3,834,544.0 97.1% 4,059,574.0 97.5% 4,240,469.0 95.0%
115,568.0 2.9% 103,193.0 2.5% 222,957.0 5.0%

3,950,112.0 100.0% 4,162,767.0 100.0% 4,463,426.0 100.0%
1,859,529.0 - 1,941,727.0 - 2,148,161.0 -

2,090,583.0 - 2,221,040.0 - 2,315,265.0 -
3,625,214.0 91.8% 3,903,861.0 93.8% 4,111,009.0 92.1%
209,330.0 5.3% 155,713.0 3.7% 129,460.0 2.9%
209,330.0 5.3% 155,713.0 3.7% 129,460.0 2.9%
1,287,695.0 32.6% 1,550,528.0 37.2% 2,118,394.0 47.5%
1,445,926.0 36.6% 1,430,548.0 34.4% 1,132,433.0 25.4%
1,216,491.0 30.8% 1,181,691.0 28.4% 1,212,599.0 27.2%
3,026,403.0 76.6% 2,920,067.0 70.1% 2,954,169.0 66.2%
32,761.0 0.8% 49,601.0 1.2% 47,927.0 1.1%
32,761.0 0.8% 49,601.0 1.2% 47,927.0 1.1%
3,801,783.0 96.2% 4,009,973.0 96.3% 4,192,542.0 93.9%
566,050.0 14.3% 934,193.0 22.4% 1,108,913.0 24.8%
289,296.0 7.3% 305,655.0 7.3% 354,373.0 7.9%
150,273.0 3.8% 423,658.0 10.2% 554,801.0 12.4%
99,254.0 2.5% 90,060.0 2.2% 212,052.0 4.8%
2,634,367.0 66.7% 2,889,549.3 69.4% 3,037,382.9 68.1%

93,436.3 2.4% 123,514.3 3.0% 122,792.1 2.8%
93,436.3 2.4% 123,514.3 3.0% 122,792.1 2.8%
93,436.3 2.4% 123,514.3 3.0% 122,792.1 2.8%
93,436.3 2.4% 123,514.3 3.0% 122,792.1 2.8%
3,008,112.0 76.2% 3,383,606.4 81.3% 3,528,551.4 79.1%
117,491.0 3.0% 41,791.6 1.0% 66,696.6 1.5%
- - 4,840.3 - 4,976.9 -
- - 2,487.5 - 2,439.4 -
- - 2,487.5 - 2,439.4 -
- - 2,487.5 - 2,439.4 -
- - 2,487.5 - 2,439.4 -
- - 14,790.4 - 14,734.4 -
- - 6,799.6 - 7,158.6 -
- - - - 6,369.0 -
6,698.0 - - - - -
5,071.0 - - - - -
3,724.0 - - - - -
2,068.0 - - - - -
2,068.0 - - - - -
19,629.0 - - - - -
8,464.0 - - - - -
14,852,635.0 - 14,646,683.0 - 15,250,527.0 -

560,450.8 - 645,058.5 - 786,487.8 -
560,450.8 - 645,058.5 - 786,487.8 -
560,450.8 - 645,058.5 - 786,487.8 -
560,450.8 - 645,058.5 - 786,487.8 -
17,094,438.0 - 17,226,917.0 - 18,396,478.0 -
20,169.0 - 33,036.0 - 35,741.0 -
17,114,607.0 - 17,259,953.0 - 18,432,219.0 -
Mar-27-2020 - Mar-30-2021 - Mar-30-2021 -
Bank of China Limited (SEHK:3988) > Financials > Capital Structure Details
Principal Due in Millions of the
reported currency. Period Type: Annual Source: A 2020 filed Mar-30-2021
Units: S&P Capital IQ (Default) Decimals: Capital IQ (Default)
FY 2020 (Dec-31-2020) Capital Structure As Reported Details Coupon/Base

Description Type Principal Due (CNY) Rate Floating Rate Maturity Seniority Secured
Banks in Hong Kong, Macau, Term Loans 177,717.0 NA NA - Senior No
Taiwan and Other Countries
Bonds Issued Bonds and Notes 6,162.0 NA NA - Senior No
Debt Securities First Tranche Bonds and Notes 59,976.0 4.200% NA Sep-21-2030 Senior No
01 - Bond
Debt Securities First Tranche Bonds and Notes 14,994.0 4.470% NA Sep-21-2035 Senior No
02
Due- Bond
to Banks in Chinese Term Loans 515,162.0 NA NA - Senior No
Mainland
Due to Central Banks Term Loans 630,092.0 NA NA - Senior No
Due to Other Financial Term Loans 1,077,841.0 NA NA - Senior No
Institutions
Due to Other in Financial
Chinese Term Loans 142,379.0 NA NA - Senior No
Institutions
First Tranchein Hong Kong,
01 - Bond Bonds and Notes 29,988.0 3.980% NA Sep-24-2029 Senior No
First Tranche 02 - Bond Bonds and Notes 9,996.0 4.340% NA Sep-24-2034 Senior No
Lease Liabilities Capital Lease 21,893.0 NA NA - Senior Yes
Negotiable Certificates of Bonds and Notes 554,801.0 NA 9-Month LIBOR 2020 Senior No
Deposit - Bond
Other Bonds Issued Bonds and Notes 51,555.0 NA NA 2018 - 2027 Senior No
Other Bonds Issued RMB Debt Bonds and Notes 73,165.0 NA NA 2018 - 2030 Senior No
Securities
Other Bonds Issued US Dollar Bonds and Notes 198,317.0 NA NA 2018 - 2027 Senior No
Debt
OtherSecurities
Borrowings Other Borrowings 26,034.0 0.450% - 1.550% NA - Senior Yes
Placements from Banks in Term Loans 258,240.0 NA NA - Senior No
Chinese Mainland
Hong Kong, from
Placements Macau, Taiwan
Other Term Loans 27,933.0 NA NA - Senior No
Financial Institutions in
PlacPlacPlacements from Term Loans 9,497.0 NA NA - Senior No
Other
SecondFinancial
TrancheInstitutions
- Bond in Bonds and Notes 29,991.0 4.010% NA Nov-22-2029 Senior No
Subordinated Bonds Issued Bonds and Notes 18,000.0 4.990% NA Nov-29-2027 Subordinated No
Debt Securities
Subordinated Bonds Issued Bonds and Notes 32,000.0 5.300% NA May-19-2026 Subordinated No
Debt Securities
Subordinated Bonds Issued Bonds and Notes - 4.680% NA Mar-11-2025 Subordinated No
Debt Securities
Tier 2 Capital Bonds Bonds and Notes 39,983.0 4.860% NA Sep-05-2028 Senior No
Tier 2 Capital Bonds Bonds and Notes 39,985.0 4.840% NA Oct-11-2028 Senior No
Tier 2 Capital Bonds Issued Bonds and Notes 29,970.0 4.450% NA Sep-28-2027 Subordinated No
Tier 2 Capital Bonds Issued Bonds and Notes 29,972.0 4.450% NA Nov-02-2027 Subordinated No
Debt Securities
FY 2019 (Dec-31-2019) Capital Structure As Reported Details Coupon/Base
Description Type Principal Due (CNY) Rate Floating Rate Maturity Seniority Secured
Banks in Hong Kong, Macau, Term Loans 167,352.0 NA NA - Senior No
Taiwan and Other Countries
Bonds Issued Bonds and Notes 26,113.0 NA NA - Senior No
Due to Banks in Chinese Term Loans 372,692.0 NA NA - Senior No
Mainland
Due to Central Banks Term Loans 619,298.0 NA NA - Senior No
Due to Other Financial Term Loans 1,050,961.0 NA NA - Senior No
Institutions
Due to Other in Financial
Chinese Term Loans 71,913.0 NA NA - Senior No
Institutions
First Tranchein Hong Kong,
01 - Bond Bonds and Notes 29,988.0 3.980% NA Sep-24-2029 Senior No
First Tranche 02 - Bond Bonds and Notes 9,996.0 4.340% NA Sep-24-2034 Senior No
Lease Liabilities Capital Lease 21,590.0 NA NA - Senior Yes
Negotiable Certificates of Bonds and Notes 423,658.0 NA 9-Month LIBOR 2020 Senior No
Deposit - Bond
Other Bonds Issued Bonds and Notes 58,500.0 NA NA 2018 - 2027 Senior No
Other Bonds Issued RMB Debt Bonds and Notes 52,788.0 NA NA 2018 - 2030 Senior No
Securities
Other Bonds Issued US Dollar Bonds and Notes 223,192.0 NA NA 2018 - 2027 Senior No
Debt
OtherSecurities
Borrowings Other Borrowings 28,011.0 0.450% - 1.550% NA - Senior Yes
Chinese Mainland
Hong Kong, from
Placements Macau, Taiwan
Other Term Loans 52,278.0 NA NA - Senior No
Financial Institutions in
PlacPlacPlacements from Term Loans 16,434.0 NA NA - Senior No
Other
SecondFinancial
TrancheInstitutions
- Bond in Bonds and Notes 29,990.0 4.010% NA Nov-22-2029 Senior No
Subordinated Bonds Issued Bonds and Notes 24,930.0 4.680% NA Mar-11-2025 Subordinated No
Debt Securities
Subordinated Bonds Issued Bonds and Notes 32,000.0 5.300% NA May-19-2026 Subordinated No
Debt Securities
Subordinated Bonds Issued Bonds and Notes 18,000.0 4.990% NA Nov-29-2027 Subordinated No
Debt
Tier 2Securities
Capital Bonds Bonds and Notes 39,983.0 4.860% NA Sep-05-2028 Senior No
Tier 2 Capital Bonds Bonds and Notes 39,985.0 4.840% NA Oct-11-2028 Senior No
Tier 2 Capital Bonds Issued Bonds and Notes 29,965.0 4.450% NA Sep-28-2027 Subordinated No
Debt Securities
nt
Convertible Currency
No
No CNY
No CNY
No CNY
No CNY
No CNY
No CNY
No
No CNY
No CNY
No CNY
No CNY
No CNY
No CNY
No USD
No CNY
No CNY
No
No CNY
No
No CNY
No CNY
No CNY
No CNY
No CNY
No CNY
No CNY
No CNY
No USD
nt
Convertible Currency
No
No CNY
No CNY
No CNY
No CNY
No
No CNY
No CNY
No CNY
No CNY
No CNY
No CNY
No USD
No CNY
No CNY
No
No CNY
No
No CNY
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No USD
Bank of China Limited (SEHK:3988) > Financials > Ratios
Restatement: Latest Filings Period Type: Annual

Order: Latest on Right Decimals: Capital IQ (Default)
Ratios
Profitability
Return on Assets % 1.1% 1.1% 1.0% 0.9% 0.9% 0.9%
Return on Equity % 14.1% 12.9% 12.1% 11.7% 10.9% 9.9%
Return on Common Equity % 14.6% 12.5% 12.2% 11.9% 11.3% 10.1%
Shareholders Value Added 35,416.2 14,676.0 11,408.8 7,589.9 (2,124.0) (15,769.0)
Margin Analysis
SG&A Margin % 22.6% 34.3% 34.7% 35.1% 40.2% 40.3%
Net Interest Income / Total Revenue % 79.3% 77.4% 85.7% 89.1% 87.2% 92.3%
EBT Margin % 55.8% 56.0% 56.3% 56.7% 55.9% 55.1%
Earnings from Cont. Ops Margin % 43.3% 46.5% 46.8% 47.7% 45.1% 45.5%
Net Income Margin% 41.2% 41.6% 43.6% 44.6% 41.9% 42.8%
Net Income Avail. for Common Margin % 40.0% 39.9% 41.9% 42.9% 40.4% 40.1%
Normalized Net Income Margin % 32.8% 30.1% 32.0% 32.4% 31.7% 31.7%
Asset quality
Nonperforming Loans / Total Loans % 1.4% 1.5% 1.5% 1.4% 1.4% 1.5%
Nonperforming Loans / Total Assets % 0.8% 0.8% 0.8% 0.8% 0.8% 0.8%
Nonperforming Assets / Total Assets % 0.8% 0.8% 0.8% 0.8% 0.8% 0.9%
Nonperforming Assets / Loans and OREO % 1.5% 1.5% 1.5% 1.4% 1.4% 1.5%
Nonperforming Assets / Equity % 9.8% 10.0% 10.2% 9.8% 9.1% 9.7%
Allow. for Credit Losses / Net Charge-offs % 457.4% 483.8% 377.6% 351.9% 424.8% 658.4%
Allow. for Credit Losses / Nonperf. Loans % 153.3% 162.8% 159.2% 181.8% 182.5% 177.6%
Allow. for Credit Losses / Total Loans % 2.2% 2.4% 2.3% 2.6% 2.5% 2.6%
Net Charge-offs / Total Avg. Loans % 0.5% 0.5% 0.6% 0.8% 0.6% 0.4%
Prov. for Loan Losses / Net Charge-offs % 134.4% 181.2% 131.7% 115.1% 133.3% 211.7%
Earning Assets / Interest Bearing Liabilities % 108.1% 108.7% 108.9% 106.7% 108.4% 108.4%
Capital And Funding
Avg. Common Equity / Avg. Assets % 7.1% 7.2% 7.2% 7.1% 7.3% 7.6%
Avg. Total Equity / Avg. Assets % 7.9% 8.1% 8.1% 8.1% 8.4% 8.8%
Total Equity + Allowance for Loan Losses / Total Loans % 16.5% 16.5% 16.0% 16.3% 16.7% 17.0%
Gross Loans / Total Deposits % 76.8% 75.9% 78.6% 79.0% 82.1% 83.7%
Net Loans / Total Deposits % 75.2% 74.1% 76.8% 77.0% 80.1% 81.5%
Total Capital Ratio % 14.1% 14.3% 14.2% 15.0% 15.6% 16.2%
Core Tier 1 Capital Ratio % 11.1% 11.4% 11.2% 11.4% 11.3% 11.3%
Coverage Ratio % 154.1% 163.6% 159.8% 181.8% 182.5% 177.6%
Interbank Ratio 45.5% 68.2% 55.1% 60.0% 60.6% 71.4%
Fixed Charges Coverage

EBT + Int. on Borrowings / Int. on Borrowings NA NA NA NA NA NA
EBT + Int. Exp. / Int. Exp. 1.8x 1.9x 1.8x 1.7x 1.7x 1.7x
Growth Over Prior Year

Net Interest Income 2.4% (6.9%) 10.6% 6.3% 8.4% 6.6%
Non Interest Income 7.4% 23.4% (19.0%) (1.0%) 11.4% (3.9%)
Provision for Loan Losses 22.2% 50.9% (1.2%) 12.8% 2.9% 15.9%
Total Revenue 1.7% (4.5%) (0.1%) 2.2% 10.8% 0.8%
Earnings from Cont. Ops. 1.3% 2.6% 0.5% 4.0% 4.9% 1.6%
Net Income 0.7% (3.7%) 4.8% 4.5% 4.1% 2.9%
Normalized Net Income (0.6%) (12.6%) 6.3% 3.4% 8.6% 0.9%
Diluted EPS before Extra (3.0%) (4.8%) 4.4% 5.1% 3.6% 0.0%
Dividend per Share (7.9%) (4.0%) 4.8% 4.5% 3.8% 3.1%
Gross Loans 7.7% 9.2% 9.3% 8.2% 10.6% 8.8%
Allowance for Loan Losses 6.4% 18.5% 6.1% 20.3% 7.2% 13.2%
Net Loans 7.7% 9.0% 9.3% 7.9% 10.7% 8.7%
Non Performing Loans 30.3% 11.5% 8.5% 5.3% 6.8% 16.3%
Non Performing Assets 29.4% 11.9% 8.3% 5.0% 6.7% 15.9%
Total Assets 10.3% 7.9% 7.3% 9.2% 7.1% 7.2%
Total Deposits 7.8% 10.6% 5.5% 7.6% 6.3% 6.8%
Tangible Book Value 12.8% 8.9% 6.2% 8.5% 11.9% 11.8%
Avg. Interest Earning Assets 8.8% 8.0% 9.5% 2.9% 9.2% 8.9%
Avg. Interest Bearing Liabilities 7.0% 7.4% 9.2% 5.0% 7.5% 9.0%
Common Equity 12.7% 8.9% 6.4% 8.4% 11.8% 11.8%
Total Equity 14.7% 9.5% 6.0% 9.4% 14.6% 9.4%
Compound Annual Growth Rate Over Two Years
Net Interest Income 7.7% (2.4%) 1.5% 8.4% 7.4% 7.5%
Non Interest Income 8.3% 15.1% (0.0%) (10.4%) 5.0% 3.5%
Provision for Loan Losses 58.4% 35.8% 22.1% 5.6% 7.7% 9.2%
Total Revenue 4.0% (1.5%) (2.4%) 1.0% 6.4% 5.7%
Net Income 4.3% (1.5%) 0.5% 4.6% 4.3% 3.5%
Normalized Net Income 4.0% (6.8%) (3.6%) 4.8% 6.0% 4.7%
Diluted EPS before Extra 2.2% (3.9%) (0.3%) 4.8% 4.4% 1.8%
Dividend per Share (5.5%) (6.0%) 0.3% 4.7% 4.2% 3.5%
Gross Loans 9.6% 8.4% 9.2% 8.7% 9.4% 9.7%
Net Loans 9.6% 8.3% 9.1% 8.6% 9.3% 9.7%
Total Assets 10.1% 9.1% 7.6% 8.3% 8.1% 7.1%
Total Deposits 7.9% 9.2% 8.0% 6.5% 7.0% 6.6%
Common Equity 14.2% 10.8% 7.6% 7.4% 10.1% 11.8%
Total Equity 18.8% 12.1% 7.8% 7.7% 12.0% 12.0%
Compound Annual Growth Rate Over Three Years

Net Interest Income 8.5% 2.6% 1.8% 3.1% 8.4% 7.1%
Non Interest Income 10.2% 13.1% 2.4% (0.3%) (3.7%) 2.0%
Total Revenue 6.2% 1.0% (1.0%) (0.9%) 4.2% 4.5%
Net Income 7.0% 1.6% 0.5% 1.8% 4.4% 3.8%
Normalized Net Income 7.1% (1.9%) (2.6%) (1.3%) 6.1% 4.2%
Diluted EPS before Extra 5.2% (0.2%) (1.2%) 1.5% 4.4% 2.9%
Dividend per Share 0.0% (5.0%) (2.5%) 1.7% 4.4% 3.8%
Gross Loans 10.0% 9.4% 8.7% 8.9% 9.3% 9.2%
Net Loans 10.0% 9.4% 8.7% 8.7% 9.3% 9.1%
Total Assets 9.9% 9.4% 8.5% 8.1% 7.9% 7.8%
Total Deposits 8.6% 8.8% 7.9% 7.9% 6.5% 6.9%
Common Equity 13.5% 12.4% 9.3% 7.9% 8.8% 10.6%
Total Equity 16.4% 15.6% 10.0% 8.3% 10.0% 11.1%
Compound Annual Growth Rate Over Five Years

Net Interest Income 11.1% 6.1% 5.7% 4.9% 4.0% 4.8%
Non Interest Income 12.3% 12.7% 6.0% 3.0% 3.4% 1.2%
Total Revenue 9.6% 5.2% 2.7% 1.0% 1.9% 1.7%
Net Income 10.3% 5.8% 4.3% 2.8% 2.0% 2.5%
Normalized Net Income 10.5% 4.2% 2.7% 0.8% 0.7% 1.0%
Diluted EPS before Extra 7.8% 4.4% 2.9% 1.7% 1.0% 1.6%
Dividend per Share 3.7% 1.6% 0.1% (1.3%) 0.1% 2.4%
Gross Loans 10.0% 9.5% 9.7% 9.2% 9.0% 9.2%
Allowance for Loan Losses 10.3 11.2 10.3 12.6 11.5 12.9
Net Loans 10.0% 9.4% 9.7% 9.1% 8.9% 9.1%
Non Performing Loans 15.9 18.2 19.3 17.9 12.1 9.6
Total Assets 10.0% 8.9% 9.0% 8.9% 8.3% 7.7%
Total Deposits 8.8% 8.1% 8.3% 7.9% 7.5% 7.3%
Avg. Interest Earning Assets 10.6 9.3 8.9 8.4 7.6 7.7
Avg. Interest Bearing Liabilities 10.2 8.8 8.3 8.3 7.2 7.6
Common Equity 13.3% 12.6% 11.1% 10.4% 9.6% 9.4%
Total Equity 15.0% 14.5% 12.8% 12.4% 10.8% 9.8%
Bank of China Limited (SEHK:3988) > Financials > Supplemental
In Millions of the reported currency, except per share items. Restatement: Latest Filings Period Type: Annual
Decimals: Capital IQ (Default) Source: Capital IQ & Proprietary Data
Supplemental
Fair Value Measurements
Level 1 Assets - Quoted Prices 238,987.0 287,391.0 254,728.0 231,207.0 359,953.0 434,579.0
Level 2 Assets - Observable Prices 2,970,059.0 3,555,881.0 4,066,693.0 4,888,196.0 5,255,863.0 5,366,884.0
Level 3 Assets - Unobservable Prices 59,936.0 67,567.0 80,846.0 114,885.0 156,401.0 161,176.0
Fair Value of Assets 3,268,982.0 3,910,839.0 4,402,267.0 5,234,288.0 5,772,217.0 5,962,639.0
Level 1 Liabilities - Quoted Prices 9,115.0 12,075.0 9,782.0 11,570.0 11,920.0 4,115.0
Level 2 Liabilities - Observable Prices 703,406.0 826,989.0 993,491.0 906,350.0 1,225,773.0 1,406,024.0
Level 3 Liabilities - Unobservable Prices - - - 7,200.0 - -
Fair Value of Liabilities 712,521.0 839,064.0 1,003,273.0 925,120.0 1,237,693.0 1,410,139.0
Fair Value Change Included in Earnings 1,078.0 443.0 673.0 3,065.0 4,431.0 (2,846.0)

Bank of China Limited (SEHK:3988) > Financials > Industry Specific
Industry Specific
Capital Requirement and Financial Strength
Tier 1 Capital 1,285,459.0 1,384,364.0 1,461,090.0 1,575,293.0 1,806,435.0 1,992,621.0
Tier 2 Capital 212,937.0 225,173.0 264,240.0 347,057.0 394,843.0 458,434.0
Total Capital 1,498,396.0 1,609,537.0 1,725,330.0 1,922,350.0 2,201,278.0 2,451,055.0
Core Tier 1 Capital 1,182,300.0 1,280,841.0 1,356,088.0 1,465,769.0 1,596,378.0 1,704,778.0
Hybrid Capital 103,159.0 103,523.0 105,002.0 109,524.0 210,057.0 287,843.0
Earning Assets and Liabilities

Risk Adjusted Assets 10,654,081.0 11,269,592.0 12,157,771.0 12,841,526.0 14,123,915.0 15,109,085.0
Avg. Interest Earning Assets 15,524,458.0 16,767,348.0 18,360,140.0 18,886,486.0 20,620,670.0 22,461,743.0
Avg. Interest Bearing Liabilities 14,362,543.0 15,430,566.0 16,855,454.0 17,696,078.0 19,025,340.0 20,728,709.0
Interest Rate Spread 1.97 1.69 1.7 1.79 1.75 1.72
Earning Asset Yield 4.0 3.4 3.4 3.6 3.7 3.4
Net Interest Margin % 2.1 1.8 1.8 1.9 1.9 1.9
Efficiency Ratio 28.3 28.1 28.3 28.1 28.0 26.7
Non-Performing Loans and Assets

Loans 90 Day Past Due & Accruing Int. 347.0 41.0 137.0 - - -
Non - Accrual Loans - - - - 178,235.0 207,273.0
Restructured Loans - - - - - 21,692.0
Non Performing Loans 130,897.0 146,003.0 158,469.0 166,941.0 178,235.0 207,273.0
Non Performing Assets 132,967.0 148,778.0 161,144.0 169,259.0 180,635.0 209,393.0
Credit Exposure 19,203,600 21,071,218 22,682,894 24,548,515 26,281,231 27,973,123
Specific Allowance (60,791.0) (70,093.0) (79,316.0) (131,116.0) (136,544.0) (162,895.0)
General Allowance (139,874.0) (167,623.0) (172,938.0) (172,392.0) (188,816.0) (205,278.0)
Charge-Offs
Charge-Offs - Gross (45,197.0) (52,476.0) (70,344.0) (91,658.0) (85,004.0) (64,321.0)
Charge-Offs - Recovered 1,322.0 3,343.0 3,546.0 5,413.0 8,407.0 8,405.0
Charge-Offs - Net (43,875.0) (49,133.0) (66,798.0) (86,245.0) (76,597.0) (55,916.0)
Composition of Loans
Commercial Loans 5,425,289.0 5,624,616.0 5,944,578.0 6,192,408.0 6,688,556.0 7,193,945.0
Commercial Mortgage Loans 760,511.0 751,035.0 820,922.0 915,793.0 1,042,664.0 1,137,469.0
Residential Mortgage Loans 2,045,787.0 2,635,960.0 3,061,553.0 3,503,563.0 3,993,271.0 4,418,761.0
Consumer Loans 720,161.0 768,433.0 862,304.0 936,522.0 1,054,538.0 1,164,534.0
Construction Loans 184,112.0 193,318.0 207,201.0 239,397.0 255,160.0 268,676.0
Total Loans 9,135,860.0 9,973,362.0 10,896,558.0 11,787,683.0 13,034,189.0 14,183,385.0
Domestic Loans 7,199,094.0 7,818,508.0 8,583,185.0 9,273,549.0 10,302,408.0 11,501,791.0

Foreign Loans 1,936,766.0 2,154,854.0 2,313,373.0 2,514,134.0 2,731,781.0 2,681,594.0
Impaired Loans 130,237.0 145,311.0 157,882.0 166,952.0 178,235.0 207,273.0
Commercial Loans / Total Loans % 59.4% 56.4% 54.6% 52.5% 51.3% 50.7%
Commercial Real Estate Loans / Total Loans % 8.3% 7.5% 7.5% 7.8% 8.0% 8.0%
Construction Loans / Total Loans % 2.0% 1.9% 1.9% 2.0% 2.0% 1.9%
Total Consumer Loans / Total Loans % 7.9% 7.7% 7.9% 7.9% 8.1% 8.2%
Foreign Loans / Total Loans % 21.2% 21.6% 21.2% 21.3% 21.0% 18.9%
Total Real Estate Loans / Total Loans % 32.7% 35.9% 37.5% 39.5% 40.6% 41.1%
Provisions / Average Loans % 0.7% 0.9% 0.8% 0.9% 0.8% 0.9%
Composition of Deposits
Demand Deposits 5,223,465.0 6,111,254.0 6,568,615.0 7,114,623.0 7,581,940.0 8,312,644.0
Time Deposits 6,109,948.0 6,420,342.0 6,651,080.0 6,943,144.0 7,319,567.0 7,682,452.0
Other Deposits 395,758.0 408,152.0 438,229.0 658,675.0 747,866.0 698,275.0
Total Deposits 11,729,171.0 12,939,748.0 13,657,924.0 14,716,442.0 15,649,373.0 16,693,371.0
Foreign Deposits Int. Bearing 2,069,920.0 2,270,496.0 2,421,629.0 2,688,057.0 2,886,215.0 2,971,388.0
Domestic Deposits 9,659,251.0 10,669,252.0 11,236,295.0 12,028,385.0 12,763,158.0 13,721,983.0
Non-CD Deposits 5,223,465.0 6,111,254.0 6,568,615.0 7,114,623.0 7,581,940.0 8,312,644.0
Average Interest Bearing Deposits 11,388,012.0 12,501,297.0 13,488,149.0 14,072,677.0 15,140,952.0 16,351,229.0
Foreign Deposits / Total Deposits % 17.6% 17.5% 17.7% 18.3% 18.4% 17.8%
Total Time Deposits / Total Deposits % 52.1% 49.6% 48.7% 47.2% 46.8% 46.0%
Other Deposits / Total Deposits % 3.4% 3.2% 3.2% 4.5% 4.8% 4.2%
Non-CDs / Total Deposits % 44.5% 47.2% 48.1% 48.3% 48.4% 49.8%
Cost of Funds
Cost of Funds % 2.0% 1.7% 1.7% 1.9% 1.9% 1.7%
Cost Of Borrowings % 2.2% 2.1% 2.4% 2.7% 2.5% 2.0%
Cost of Total Borrowings % 2.0% 1.7% 1.7% 1.9% 1.9% 1.7%
Assets Under Management Breakdown

Other Funds - - - - - 3,740,404.0
Assets Under Management - - - - - 3,740,404.0
Interbank Data
Federal Funds Sold and Related Transactions with Other Banks 1,007,855.0 1,176,482.0 1,060,456.0 1,405,534.0 1,399,519.0 1,663,640.0
Federal Funds Purchased and Related Transactions with Other Banks 2,030,383.0 1,608,912.0 1,666,954.0 2,058,458.0 2,130,311.0 2,201,750.0
Securities Sold Under Agreements to Repurchase 183,498.0 116,375.0 258,400.0 285,018.0 177,410.0 127,202.0

Bank of China Limited (SEHK:3988) > Financials > Pension/OPEB
Pension/OPEB
Pension Information - Total
Defined Benefit Net Periodic Cost
Def. Benefit Plan Interest Cost 150.0 109.0 94.0 110.0 85.0 74.0
Def. Benefit Plan Total Cost 150.0 109.0 94.0 110.0 85.0 74.0
Def. Contribution Plan Cost 14,488.0 14,036.0 13,621.0 14,041.0 15,229.0 12,971.0
Total Pension Expense 14,638.0 14,145.0 13,715.0 14,151.0 15,314.0 13,045.0
Defined Benefit Obligation

Beg. Def. Benefit Obligation 4,566.0 4,255.0 3,439.0 3,027.0 2,825.0 2,533.0
Def. Benefit Interest Cost 150.0 109.0 94.0 110.0 85.0 74.0
Def. Benefit Actuarial Gain/Losses 213.0 (350.0) (33.0) 78.0 (38.0) (125.0)
Def. Benefits Paid (674.0) (575.0) (473.0) (390.0) (339.0) (283.0)
Proj. Benefit Obligation (Pension) 4,255.0 3,439.0 3,027.0 2,825.0 2,533.0 2,199.0
Weighted Avg. Assumptions on Def. Benefit Obligation

PBO Assumed Rate of Return - Min 2.6% 2.8% 3.8% 2.9% 2.5% 2.8%
PBO Assumed Rate of Return - Max 2.8% 3.0% 3.9% 3.3% 3.3% 3.3%
Balance Sheet Reconciliation Items

Other Assets/Liabilities (4,255.0) (3,439.0) (3,027.0) (2,825.0) (2,533.0) (2,199.0)
Adj. for Liability Recognized on Balance Sheet

Net Asset/Liability Recognized on Balance Sheet (4,255.0) (3,439.0) (3,027.0) (2,825.0) (2,533.0) (2,199.0)
Other Pension Related Items

Benefit Info Date Dec-31-2015 Dec-31-2016 Dec-31-2017 Dec-31-2018 Dec-31-2019 Dec-31-2020
OPEB Information - Total
Other Post-Retirement Benefit Related Items

Health Care Cost Trend Rate, Initial 8.0% 8.0% 8.0% 8.0% 8.0% 8.0%
Pension Information - Domestic

Defined Benefit Net Periodic Cost
Def. Benefit Total Cost 150.0 109.0 94.0 110.0 85.0 74.0
Defined Benefit Obligation

Beg. Def. Benefit Obligation 4,566.0 4,255.0 3,439.0 3,027.0 2,825.0 2,533.0
Def. Benefit Actuarial Gain/Losses 213.0 (350.0) (33.0) 78.0 (38.0) (125.0)
Def. Benefits Paid (674.0) (575.0) (473.0) (390.0) (339.0) (283.0)
Proj. Benefit Obligation (Pension) - Domestic 4,255.0 3,439.0 3,027.0 2,825.0 2,533.0 2,199.0

Balance Sheet Reconciliation Items

Other Assets/Liabilities (4,255.0) (3,439.0) (3,027.0) (2,825.0) (2,533.0) (2,199.0)
Adj. for Liability Recognized on Balance Sheet

Net Asset/Liability Recognized on Balance Sheet (4,255.0) (3,439.0) (3,027.0) (2,825.0) (2,533.0) (2,199.0)
Other Pension Related Items

OPEB Information - Domestic

Other Post-Retirement Benefit Related Items
Health Care Cost Trend Rate, Initial 8.0% 8.0% 8.0% 8.0% 8.0% 8.0%
Bank of China Limited (SEHK:3988) > Financials > Segments
In Millions of the reported currency. View By: Line Items Restatement: Latest Filings
Business Segments
Revenues
Corporate Banking 146,045.0 167,287.0 129,416.0 122,494.0 137,014.0 137,718.0
Personal Banking 176,318.0 195,844.0 150,050.0 164,780.0 169,920.0 192,498.0
Treasury Operations 61,942.0 (28,284.0) 69,481.0 76,111.0 88,821.0 59,663.0
Investment Banking 5,168.0 4,561.0 5,014.0 4,915.0 4,837.0 6,100.0
Insurance 15,962.0 18,713.0 26,597.0 20,590.0 30,379.0 34,856.0
Other 11,937.0 40,628.0 17,972.0 18,535.0 19,916.0 21,336.0
Elimination (2,734.0) (2,165.0) (2,930.0) (2,913.0) (3,030.0) (3,540.0)
Total Revenues 414,638.0 396,584.0 395,600.0 404,512.0 447,857.0 448,631.0
Operating Profit Before Tax

Treasury Operations 78,321.0 41,314.0 52,876.0 58,655.0 69,611.0 42,218.0
Insurance 1,139.0 1,097.0 1,697.0 1,142.0 1,170.0 1,586.0
Other 6,322.0 35,281.0 9,532.0 8,966.0 10,487.0 11,179.0
Elimination - - - - 11.0 128.0
Total Operating Profit Before Tax 229,237.0 221,515.0 221,741.0 227,533.0 249,588.0 246,220.0
Interest Expense
Corporate Banking (171,106.0) (130,312.0) (143,490.0) (166,474.0) (173,036.0) (156,596.0)
Personal Banking (97,287.0) (89,877.0) (90,434.0) (93,535.0) (116,514.0) (111,965.0)
Treasury Operations (70,820.0) (124,623.0) (128,679.0) (145,573.0) (149,510.0) (142,905.0)
Investment Banking (315.0) (174.0) (328.0) (520.0) (599.0) (403.0)
Insurance (11.0) (28.0) (64.0) (39.0) (65.0) (105.0)
Other (2,428.0) (2,593.0) (3,330.0) (5,130.0) (7,427.0) (7,116.0)
Elimination 55,561.0 87,516.0 82,098.0 83,077.0 79,194.0 74,938.0
Total Interest Expense (286,406.0) (260,091.0) (284,227.0) (328,194.0) (367,957.0) (344,152.0)
Net Profit Before Tax

Insurance 1,135.0 1,084.0 1,663.0 985.0 1,158.0 1,586.0
Other 7,855.0 35,819.0 10,316.0 10,862.0 11,309.0 11,060.0
Elimination (39.0) (41.0) (53.0) (70.0) (22.0) 63.0
Total Net Profit Before Tax 231,571.0 222,412.0 222,903.0 229,643.0 250,645.0 246,378.0
Assets
Corporate Banking 7,185,768.0 7,039,052.0 7,139,973.0 7,628,839.0 8,415,724.0 9,251,427.0
Personal Banking 2,960,341.0 3,475,983.0 3,954,150.0 4,438,724.0 5,064,429.0 5,641,051.0
Treasury Operations 6,300,439.0 7,219,165.0 7,908,168.0 8,629,971.0 8,587,356.0 8,684,296.0
Insurance 106,706.0 126,461.0 139,945.0 149,592.0 180,054.0 204,290.0
Other 286,025.0 307,091.0 338,624.0 442,566.0 545,802.0 621,443.0
Elimination (101,628.0) (84,611.0) (83,935.0) (92,346.0) (112,478.0) (104,858.0)
Total Assets 16,815,597.0 18,148,889.0 19,467,424.0 21,267,275.0 22,769,744.0 24,402,659.0
Depreciation & Amortization

Investment Banking 68.0 73.0 94.0 121.0 284.0 404.0
Insurance 92.0 160.0 113.0 91.0 237.0 277.0
Other 3,056.0 3,293.0 3,918.0 4,421.0 5,304.0 5,712.0
Elimination - - - - (286.0) (714.0)
Total Depreciation & Amortization 15,608.0 15,691.0 16,769.0 17,043.0 25,355.0 27,506.0
Capital Expenditure
Corporate Banking (3,371.0) (3,442.0) (4,266.0) (3,263.0) (4,120.0) (3,620.0)
Personal Banking (3,738.0) (3,812.0) (4,719.0) (3,618.0) (4,631.0) (4,137.0)
Treasury Operations (178.0) (182.0) (226.0) (178.0) (219.0) (192.0)
Investment Banking (125.0) (131.0) (129.0) (130.0) (193.0) (179.0)
Insurance (104.0) (116.0) (141.0) (81.0) (122.0) (116.0)
Other (29,382.0) (26,424.0) (36,441.0) (34,594.0) (34,659.0) (32,263.0)
Total Capital Expenditure (36,898.0) (34,107.0) (45,922.0) (41,864.0) (43,944.0) (40,507.0)
Geographic
For the Fiscal Segments
Period Ending 12 months 12 months 12 months 12 months 12 months 12 months
Revenues
Chinese Mainland 313,955.0 278,745.0 285,418.0 294,172.0 319,259.0 329,012.0
Hong Kong, Macau and Taiwan 85,047.0 108,442.0 93,424.0 88,860.0 107,173.0 106,386.0
Other Countries and Regions 17,602.0 13,481.0 21,417.0 24,269.0 23,451.0 15,589.0
Elimination (1,966.0) (4,084.0) (4,659.0) (2,789.0) (2,026.0) (2,356.0)
Total Revenues 414,638.0 396,584.0 395,600.0 404,512.0 447,857.0 448,631.0
Operating Profit Before Tax

Elimination - (1,986.0) (2,730.0) (887.0) (301.0) -
Total Operating Profit Before Tax 229,237.0 221,515.0 221,741.0 227,533.0 249,588.0 246,220.0
Interest Expense
Chinese Mainland (262,336.0) (231,271.0) (255,199.0) (283,189.0) (310,586.0) (310,089.0)
Hong Kong, Macau and Taiwan (31,513.0) (27,344.0) (35,733.0) (50,335.0) (56,802.0) (36,786.0)
Other Countries and Regions (17,298.0) (17,167.0) (22,066.0) (31,176.0) (35,042.0) (16,760.0)
Elimination 24,741.0 15,691.0 28,771.0 36,506.0 34,473.0 19,483.0
Total Interest Expense (286,406.0) (260,091.0) (284,227.0) (328,194.0) (367,957.0) (344,152.0)
Net Profit Before Tax

Elimination - (1,986.0) (2,730.0) (887.0) (301.0) -
Total Net Profit Before Tax 231,571.0 222,412.0 222,903.0 229,643.0 250,645.0 246,378.0
Assets
Chinese Mainland 13,053,114.0 14,341,792.0 15,503,536.0 16,932,306.0 17,923,536.0 19,454,269.0
Hong Kong, Macau and Taiwan 3,010,958.0 3,256,526.0 3,534,044.0 4,197,031.0 4,217,013.0 4,306,679.0
Other Countries and Regions 1,819,844.0 1,812,521.0 1,911,087.0 2,009,680.0 2,062,659.0 2,090,165.0
Elimination (1,068,319.0) (1,261,950.0) (1,481,243.0) (1,871,742.0) (1,433,464.0) (1,448,454.0)
Total Assets 16,815,597.0 18,148,889.0 19,467,424.0 21,267,275.0 22,769,744.0 24,402,659.0
Depreciation & Amortization

Other Countries and Regions 240.0 236.0 336.0 383.0 785.0 838.0
Elimination - - - - (181.0) (457.0)
Total Depreciation & Amortization 15,608.0 15,691.0 16,769.0 17,043.0 25,355.0 27,506.0
Capital Expenditure
Chinese Mainland (11,030.0) (10,909.0) (14,084.0) (10,511.0) (13,231.0) (12,133.0)
Hong Kong, Macau and Taiwan (25,659.0) (22,383.0) (31,371.0) (30,840.0) (30,100.0) (28,065.0)
Other Countries and Regions (209.0) (815.0) (467.0) (513.0) (613.0) (309.0)
Total Capital Expenditure (36,898.0) (34,107.0) (45,922.0) (41,864.0) (43,944.0) (40,507.0)

Bank of China Limited SEHK 3988 Financials

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Bank of China Limited (SEHK:3988) > Financials > Key Stats

Total Revenue 494,553.0 441,660.7 474,316.4 459,553.3 500,463.4 535,319.4

Net Income 203,937.5 183,795.0 207,031.7 205,055.9 209,642.3 229,051.1

Total Assets 20,072,759.4 20,268,054.2 23,377,095.0 24,216,096.8 25,471,576.6 28,980,428.3

Currency HKD HKD HKD HKD HKD HKD

Market Capitalization 1,078,024.4

Tier 1 Capital 2,389,970.3

Tier 1 Capital Ratio % 12.8%

Market Cap / EBT Excl. Unusual Items 3.7x 3.6x - - -

P/Diluted EPS Before Extra 4.3x 4.2x 4.01x 3.79x 3.54x

P/BV 0.4x 0.4x 0.40x 0.38x 0.35x

Price/Tang BV 0.4x 0.4x - - -

Interest Income On Loans 615,056.0 566,139.0 622,616.0 687,900.0 758,007.0 760,070.0

Income Tax Expense 52,154.0 38,361.0 37,917.0 37,208.0 48,754.0 41,282.0

Earnings of Discontinued Ops. - - - - - -

Minority Int. in Earnings (8,572.0) (19,473.0) (12,579.0) (12,349.0) (14,486.0) (12,226.0)

Per Share Items

Diluted EPS 0.56 0.54 0.56 0.59 0.61 0.61

Normalized Basic EPS 0.46 0.4 0.43 0.44 0.48 0.49

Dividends per Share 0.18 0.17 0.18 0.18 0.19 0.2

Normalized Net Income 135,950.5 118,845.8 126,354.1 130,603.5 141,867.8 143,090.9

Investment Securities 3,869,131.0 4,379,919.0 4,950,935.0 5,280,895.0 5,728,561.0 5,892,353.0

Gross Loans 9,135,860.0 9,973,362.0 10,896,558.0 11,787,683.0 13,034,189.0 14,183,385.0

Goodwill 2,449.0 2,473.0 2,481.0 2,620.0 2,686.0 2,525.0

Interest Bearing Deposits 11,889,704.0 13,145,958.0 13,863,531.0 14,921,200.0 15,867,737.0 16,944,904.0

Short-term Borrowings 1,203,785.0 1,049,243.0 926,497.0 1,287,695.0 1,550,528.0 2,118,394.0

Pref. Stock, Convertible 99,714.0 99,714.0 99,714.0 99,714.0 159,901.0 147,519.0

Common Stock 294,388.0 294,388.0 294,388.0 294,388.0 294,388.0 294,388.0

Minority Interest 52,659.0 75,410.0 80,663.0 112,417.0 124,995.0 124,418.0

Total Equity 1,357,605.0 1,487,092.0 1,576,679.0 1,725,397.0 1,976,696.0 2,162,837.0

Net Income 170,845.0 164,578.0 172,407.0 180,086.0 187,405.0 192,870.0

Capital Expenditures (36,942.0) (34,247.0) (46,011.0) (42,149.0) (39,019.0) (39,622.0)

Issuance of Common Stock - - - - 139,961.0 89,979.0

Common Dividends Paid (55,934.0) (51,518.0) (49,457.0) (51,812.0) (54,167.0) -

View: Data Frequency: Quarterly

For Quarter Ending Mar-31-2015 Jun-30-2015 Sep-30-2015 Dec-31-2015 Mar-31-2016

P/LTM EPS Average 5.98x 7.18x 5.48x 5.08x 4.48x

P/NTM EPS Average 5.44x 6.83x 4.96x 4.37x 4.12x

P/LTM Normalized EPS Average 7.47x 8.93x 6.82x 6.37x 5.62x

P/BV Average 0.95x 1.08x 0.82x 0.82x 0.73x

P/Tangible BV Average 0.95x 1.08x 0.82x 0.82x 0.73x

Historical Equity Pricing Data supplied by Interactive Data Pricing and

1.85x 1.93x 1.97x 2.07x 2.11x 2.22x 2.16x 2.30x 2.01x

3.93x 4.00x 4.05x 4.27x 4.74x 5.11x 4.90x 5.47x 4.80x

4.66x 5.10x 5.23x 5.63x 6.31x 6.26x 5.84x 6.48x 5.90x

4.74x 5.35x 5.28x 5.53x 5.78x 5.12x 4.85x 5.35x 5.28x

5.70x 6.37x 6.85x 7.42x 8.41x 8.21x 7.49x 8.36x 7.71x

0.64x 0.69x 0.78x 0.87x 0.77x 0.77x 0.80x 0.93x 0.72x

0.65x 0.70x 0.78x 0.87x 0.78x 0.78x 0.81x 0.93x 0.73x

riod end date.

1.87x 1.88x 1.95x 1.95x 1.82x 1.79x 1.75x 1.66x 1.54x

4.22x 4.39x 4.65x 4.60x 4.16x 4.14x 4.05x 3.77x 3.79x

5.07x 4.94x 5.31x 5.05x 4.50x 4.77x 4.66x 4.33x 4.08x

4.80x 4.66x 5.00x 4.83x 4.45x 4.41x 4.59x 4.24x 3.65x

6.69x 6.62x 7.10x 6.80x 6.01x 6.12x 5.96x 5.48x 5.14x

0.62x 0.65x 0.72x 0.58x 0.51x 0.56x 0.56x 0.43x 0.38x

0.63x 0.65x 0.72x 0.58x 0.51x 0.57x 0.56x 0.44x 0.38x

Market Capitalization 1,771,944.3 1,291,651.6 1,310,771.2 1,129,553.5 1,113,395.1 1,133,392.3

Tier 1 Capital 1,516,881.5 1,503,600.2 1,513,794.2 1,534,451.0 1,593,060.3 1,542,916.2

Tier 1 Capital Ratio % 11.9% 11.6% 11.7% 12.1% 12.2% 12.0%

Historical Equity Pricing Data supplied by Interactive Data Pricing and

3.52 3.86 3.77 4.13 4.03 4.22 4.2 3.63 3.27

1,117,679.6 1,202,902.3 1,169,316.9 1,413,378.8 1,338,731.0 1,402,286.8 1,349,106.5 1,169,292.8 1,152,144.3

1,583,981.4 1,546,010.0 1,598,617.4 1,630,165.0 1,703,006.6 1,754,522.8 1,840,237.9 1,762,587.7 1,756,672.7