Financial Ratios Bank of China Limited

Equities

3988

CNE1000001Z5

Banks

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Published financial data: BANK OF CHINA LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest Income On Loans	760B	789B	882B	1,049B	1,072B
Interest Income, Total	760B	789B	882B	1,049B	1,072B
Interest On Deposits	344B	364B	422B	582B	623B
Interest Expense, Total	344B	364B	422B	582B	623B
Net Interest Income	416B	425B	461B	467B	449B
Income From Trading Activities	8.06B	28.29B	13.33B	28.72B	36.49B
Gain (Loss) on Sale of Assets	1.6B	1.97B	1.54B	1.67B	2.74B
Gain (Loss) on Sale of Invest. & Securities - (Rev)	9.55B	3.2B	2.06B	806M	11.4B
Total Other Non Interest Income	134B	148B	142B	127B	134B
Non Interest Income, Total	153B	181B	158B	158B	185B
Revenues Before Provison For Loan Losses	569B	606B	619B	625B	634B
Provision For Loan Losses	118B	103B	98.03B	106B	102B
Total Revenues	451B	503B	521B	518B	531B
Salaries And Other Employee Benefits	89.33B	99.32B	103B	108B	113B
Occupancy Expense	22.87B	23.88B	23.91B	24.85B	23.6B
Selling General & Admin Expenses, Total	38.94B	47.4B	45.65B	44.78B	44.24B
(Income) Loss on Equity Invest.	-158M	-1.48B	-645M	-965M	-675M
Total Other Non Interest Expense	51.26B	55.75B	58.9B	45.43B	54.67B
Non Interest Expense, Total	202B	225B	231B	222B	235B
EBT, Excl. Unusual Items	249B	278B	291B	296B	296B
Asset Writedown	-2.13B	-1.49B	-5.96B	-696M	-1.05B
EBT, Incl. Unusual Items	246B	277B	285B	296B	295B
Income Tax Expense	41.28B	49.28B	47.09B	49.24B	42.24B
Earnings From Continuing Operations	205B	227B	238B	246B	253B
Net Income to Company	205B	227B	238B	246B	253B
Minority Interest	-12.23B	-10.78B	-10.06B	-14.47B	-14.88B
Net Income - (IS)	193B	217B	227B	232B	238B
Preferred Dividend and Other Adjustments	12.03B	10.65B	13.42B	15.3B	16.3B
Net Income to Common Incl Extra Items	181B	206B	214B	217B	222B
Net Income to Common Excl. Extra Items	181B	206B	214B	217B	222B
Per Share Items
Net EPS - Basic	0.61	0.7	0.73	0.74	0.75
Basic EPS - Continuing Operations	0.61	0.7	0.73	0.74	0.75
Basic Weighted Average Shares Outstanding	294B	294B	294B	294B	294B
Net EPS - Diluted	0.61	0.7	0.73	0.74	0.75
Diluted EPS - Continuing Operations	0.61	0.7	0.73	0.74	0.75
Diluted Weighted Average Shares Outstanding	294B	294B	294B	294B	294B
Normalized Basic EPS	0.49	0.55	0.58	0.58	0.58
Normalized Diluted EPS	0.49	0.55	0.58	0.58	0.58
Dividend Per Share	0.2	0.22	0.23	0.24	0.24
Payout Ratio	34.19	32.43	34.51	36.04	36.11
American Depositary Receipts Ratio (ADR)	25	25	25	25	25
Supplemental Items
Effective Tax Rate - (Ratio)	16.76	17.82	16.55	16.66	14.32
Total Current Taxes	55.55B	42.58B	60.19B	59.84B	43.09B
Total Deferred Taxes	-14.27B	6.7B	-13.1B	-10.6B	-851M
Normalized Net Income	143B	163B	172B	171B	170B
Non-Cash Pension Expense	74M	66M	54M	48M	58M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	921B	1,831B	1,903B	2,269B	2,079B
Investment Securities, Total	5,892B	6,412B	6,827B	7,596B	8,763B
Trading Asset Securities, Total	650B	628B	676B	658B	738B
Total investments	6,542B	7,039B	7,503B	8,254B	9,501B
Gross Loans	14,183B	15,675B	17,507B	19,908B	21,544B
Allowance For Loan Losses	-368B	-390B	-437B	-485B	-539B
Net Loans	13,815B	15,285B	17,071B	19,423B	21,005B
Gross Property Plant And Equipment	402B	407B	422B	430B	436B
Accumulated Depreciation	-131B	-140B	-156B	-163B	-172B
Net Property Plant And Equipment	271B	266B	266B	266B	264B
Goodwill	2.52B	2.48B	2.65B	2.68B	2.83B
Other Intangibles, Total	22.14B	23.05B	24.81B	26.42B	29.18B
Investment in Real Estate	22.06B	19.55B	23.31B	22.7B	22.43B
Accrued Interest Receivable	35.09B	38.54B	48.8B	56.38B	53.56B
Other Receivables	1,019B	377B	285B	183B	244B
Restricted Cash	1,442B	1,478B	1,551B	1,668B	1,547B
Other Current Assets, Total	223B	276B	130B	96.97B	180B
Deferred Tax Assets Long-Term (Collected)	58.92B	51.17B	70.19B	75.16B	62.69B
Other Real Estate Owned And Foreclosed	2.12B	2.04B	2.15B	3.15B	2.18B
Deferred Charges Long-Term	3.22B	3.33B	3.42B	3.56B	3.41B
Other Long-Term Assets, Total	21.76B	28.84B	30.25B	81.54B	65.39B
Total Assets	24,403B	26,722B	28,914B	32,432B	35,061B
Liabilities
Accrued Expenses, Total	34.14B	39.66B	46.61B	52.12B	56.96B
Interest Bearing Deposits	16,945B	17,920B	19,940B	22,603B	23,845B
Total Deposits	16,945B	17,920B	19,940B	22,603B	23,845B
Short-Term Borrowings	2,118B	2,504B	2,307B	2,202B	2,877B
Current Portion of Long-Term Debt	1,126B	1,494B	2,309B	2,821B	2,998B
Current Portion of Leases	6.37B	5.93B	6.26B	6.58B	6.79B
Long-Term Debt	1,197B	1,546B	708B	907B	1,030B
Long-Term Leases	15.52B	13.69B	13.36B	12.21B	11.92B
Current Income Taxes Payable	55.66B	45.01B	58.96B	59.3B	29.02B
Accrued Interest Payable	192B	229B	262B	304B	358B
Other Current Liabilities - (Bank / Utility Template)	96.85B	80.69B	141B	118B	257B
Unearned Revenue Non Current	11.53B	6.36B	6.58B	6.86B	7.08B
Pension & Other Post Retirement Benefits	2.2B	2.1B	1.84B	1.68B	1.59B
Deferred Tax Liability Non-Current	6.5B	7B	6.8B	7.4B	9.13B
Other Non Current Liabilities	433B	478B	539B	574B	620B
Total Liabilities	22,240B	24,372B	26,346B	29,675B	32,108B
Preferred Stock Convertible	148B	120B	120B	120B	120B
Total Preferred Equity	148B	120B	120B	120B	120B
Common Stock, Total	294B	294B	294B	294B	294B
Additional Paid In Capital	134B	134B	134B	134B	134B
Retained Earnings	1,326B	1,474B	1,622B	1,765B	1,881B
Treasury Stock	-8M	-	-	-	-
Comprehensive Income and Other	137B	203B	258B	317B	387B
Total Common Equity	1,891B	2,106B	2,308B	2,510B	2,697B
Minority Interest	124B	125B	140B	127B	137B
Total Equity	2,163B	2,351B	2,568B	2,757B	2,953B
Total Liabilities And Equity	24,403B	26,722B	28,914B	32,432B	35,061B
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	5.98	6.47	6.99	7.58	8.18
Tangible Book Value	1,866B	2,080B	2,281B	2,481B	2,665B
Tangible Book Value Per Share	5.9	6.39	6.9	7.48	8.07
Average Loans	13,884B	15,173B	16,750B	18,925B	20,925B
Total Debt	4,463B	5,563B	5,344B	5,949B	6,925B
Deposits at Interest - Cash	1,041B	1,575B	1,451B	2,034B	1,867B
Debt Equivalent of Unfunded Proj. Benefit Obligation	2.2B	2.1B	1.84B	1.68B	1.59B
Net Debt	2,315B	2,537B	2,095B	2,317B	3,408B
Equity Method Investments, Total	33.51B	35.77B	38.3B	39.55B	40.97B
Full Time Employees	309K	306K	306K	307K	313K
Number Of Offices	11.55K	11.45K	11.44K	11.48K	11.51K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	193B	217B	227B	232B	238B
Depreciation, Depletion & Amortization	21.18B	24.13B	24.12B	24.21B	23.1B
Amortization of Goodwill and Intangible Assets - (CF)	6.32B	4.66B	5.07B	6.21B	6.12B
Total Depreciation, Depletion & Amortization	27.51B	28.79B	29.2B	30.42B	29.22B
(Gain) Loss On Sale of Asset - (CF)	-1.45B	-1.77B	-1.44B	-1.5B	-2.65B
(Gain) Loss on Sale of Investments - (CF)	-2.37B	-271M	-900M	3.51B	-13.5B
Total Asset Writedown	3.82B	7.48B	5.84B	-2.58B	-15B
Provision for Credit Losses	104B	98.3B	92.79B	106B	121B
(Income) Loss On Equity Investments - (CF)	-158M	-1.48B	-645M	-965M	-675M
Change in Trading Asset Securities	-	-	-	-	-
Change in Other Net Operating Assets (Collected)	-1,179B	-619B	-2,278B	-2,071B	-860B
Other Operating Activities	-115B	-112B	-106B	-142B	-178B
Cash from Operations	-971B	-384B	-2,031B	-1,846B	-682B
Capital Expenditure	-39.62B	-30.17B	-27.74B	-29.15B	-27.24B
Sale of Property, Plant, and Equipment	4.09B	7.78B	12.85B	5.55B	10.91B
Cash Acquisitions	-12.66B	-2.24B	-2.72B	-2B	1.4B
Divestitures	1.08B	1.62B	842M	161M	23M
Investment in Marketable and Equity Securities, Total	-123B	-525B	-174B	-701B	-1,007B
Other Investing Activities, Total	153B	152B	168B	187B	216B
Cash from Investing	-17.07B	-396B	-22.24B	-539B	-806B
Long-Term Debt Issued, Total	1,135B	1,005B	1,012B	1,316B	1,498B
Total Debt Issued	1,135B	1,005B	1,012B	1,316B	1,498B
Long-Term Debt Repaid, Total	-984B	-869B	-896B	-1,078B	-1,264B
Total Debt Repaid	-984B	-869B	-896B	-1,078B	-1,264B
Issuance of Common Stock	89.98B	69.98B	50B	30B	50B
Repurchase of Common Stock	-	-	-	-	-40B
Issuance of Preferred Stock	19.58B	-	-	-	-
Repurchase of Preferred Stock	-32B	-28B	-	-	-
Common Dividends Paid	-	-57.99B	-65.06B	-68.3B	-69.59B
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-65.95B	-12.23B	-13.42B	-15.28B	-16.3B
Common & Preferred Stock Dividends Paid	-65.95B	-70.22B	-78.48B	-83.58B	-85.89B
Net Increase (Decrease) in Deposit Accounts - (CF)	1,044B	1,227B	2,020B	2,663B	1,233B
Other Financing Activities, Total	-35.99B	-33.66B	-34.44B	-65.25B	-46.1B
Cash from Financing	1,171B	1,301B	2,073B	2,783B	1,345B
Foreign Exchange Rate Adjustments	-33.6B	-41.28B	96.37B	28.38B	-4.64B
Net Change in Cash	149B	481B	116B	425B	-148B
Supplemental Items
Cash Interest Paid	23.76B	22.88B	27.98B	518B	538B
Cash Income Tax Paid (Refund)	58.69B	56.26B	45.87B	58.76B	73.98B
Net Debt Issued / Repaid	151B	136B	116B	239B	234B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.87	0.89	0.85	0.8	0.75
Return On Equity %	9.91	10.07	9.66	9.26	8.85
Return on Common Equity	10.1	10.3	9.7	9	8.51
Shareholders Value Added	-15.77B	-18.57B	-32.31B	-50.75B	-68.44B
Margin Analysis
SG&A Margin	40.32	33.92	33.07	34.25	34.12
Net Interest Income / Total Revenues %	92.27	84.52	88.4	90.02	84.5
EBT Excl. Non-Recurring Items Margin %	55.13	55.29	55.76	57.17	55.72
Income From Continuing Operations Margin %	45.5	45.2	45.58	47.54	47.57
Net Income Margin %	42.79	43.05	43.64	44.75	44.77
Net Avail. For Common Margin %	40.12	40.94	41.07	41.79	41.7
Normalized Net Income Margin	31.74	32.41	32.92	32.94	32.02
Asset quality
Nonperforming Loans / Total Loans %	1.46	1.33	1.32	1.27	1.25
Nonperforming Loans / Total Assets %	0.85	0.78	0.8	0.78	0.77
Nonperforming Assets / Total Assets %	0.86	0.79	0.81	0.79	0.77
NPAs / Loans and OREO	1.48	1.34	1.34	1.29	1.26
NPAs / Equity	9.68	8.97	9.11	9.3	9.18
Allowance for Credit Losses / Net Charge-offs %	658.44	529.47	873.63	826.57	825.51
Allowance for Credit Losses / Nonperforming Loans %	177.63	186.83	188.52	191.51	200.46
Allowance for Credit Losses / Total Loans %	2.6	2.49	2.49	2.44	2.5
Net Charge-offs / Total Average Loans %	0.4	0.49	0.3	0.31	0.31
Provision for Loan Losses / Net Charge-offs %	211.73	140.02	196.08	181.53	156.99
Earning Assets / IBL	108.36	108.31	108.78	109.65	109.57
Capital And Funding
Total Average Common Equity / Total Average Assets %	7.59	7.82	7.93	7.85	7.71
Total Average Equity / Total Average Assets %	8.78	8.83	8.84	8.68	8.46
Total Equity + Allowance for Loan Losses / Total Loans %	16.97	16.68	16.36	15.64	15.57
Gross Loans / Total Deposits %	83.7	87.47	87.8	88.08	90.35
Net Loans / Total Deposits %	81.53	85.29	85.61	85.93	88.09
Tier 1 Capital Ratio %	13.19	13.32	14.11	13.83	14.38
Total Capital Ratio %	16.22	16.53	17.52	17.74	18.76
Core Tier 1 Capital Ratio	11.28	11.3	11.84	11.63	12.2
Tier 2 Capital Ratio	3.03	3.22	3.41	3.91	4.38
Coverage Ratio	177.63	186.83	188.52	191.51	200.46
Interbank Ratio	71.43	59.62	71.1	63.79	55.22
Fixed Charges Coverage
EBT + Interest Expense / Interest Expense	1.72	1.76	1.68	1.51	1.47
Growth Over Prior Year
Net Interest Income, 1 Yr. Growth %	6.63	2.22	8.36	1.58	-3.77
Non Interest Income, 1 Yr. Growth %	-3.91	18.12	-12.45	24.39	16.79
Provision For Loan Losses, 1 Yr. Growth %	15.92	-12.87	-4.9	8.68	-3.79
Total Revenues, 1 Yr. Growth %	0.76	11.59	3.59	6.1	2.5
Earnings From Cont. Operations, 1 Yr. Growth %	1.59	10.85	4.47	4.07	2.58
Net Income, 1 Yr. Growth %	2.92	12.28	5.02	2.38	2.56
Normalized Net Income, 1 Yr. Growth %	0.86	13.94	5.21	-0.04	-0.35
Diluted EPS Before Extra, 1 Yr. Growth %	0	14.67	3.94	2.19	1.93
Dividend Per Share, 1 Yr. Growth %	3.14	12.18	4.98	1.9	2.54
Gross Loans, 1 Yr. Growth %	8.82	10.52	11.69	13.72	8.22
Allowance For Loan Losses, 1 Yr. Growth %	13.16	5.95	11.96	11.02	11.11
Net Loans, 1 Yr. Growth %	8.71	10.64	11.68	13.79	8.14
Non Performing Loans, 1 Yr. Growth %	16.29	0.73	10.96	9.29	6.15
Non Performing Assets, 1 Yr. Growth %	15.92	0.69	10.91	9.63	5.7
Total Assets, 1 Yr. Growth %	7.17	9.51	8.2	12.25	8.11
Total Deposits, 1 Yr Growth %	6.79	5.76	11.27	13.35	5.49
Tangible Book Value, 1 Yr. Growth %	11.83	11.46	9.64	8.95	7.41
Average Interest Earning Assets, 1 Yr. Growth %	8.93	8.06	8.13	11.69	9.75
Average Interest Bearing Liabilities, 1 Yr. Growth %	8.95	8.11	7.66	10.63	9.82
Common Equity, 1 Yr. Growth %	11.77	11.35	9.61	8.92	7.44
Total Equity, 1 Yr. Growth %	9.42	8.68	9.23	7.55	7.12
Compound Annual Growth Rate Over Two Years
Net Interest Income, 2 Yr. CAGR %	7.53	4.4	5.24	4.76	-1.13
Non Interest Income, 2 Yr. CAGR %	3.45	6.54	1.69	-6.5	20.53
Provision For Loan Losses, 2 Yr. CAGR %	9.19	0.5	-9.01	1.64	2.26
Total Revenues, 2 Yr. CAGR %	5.68	6.03	7.52	1.5	4.29
Earnings From Cont. Operations, 2 Yr. CAGR %	3.24	6.12	7.61	4.1	3.32
Net Income, 2 Yr. CAGR %	3.49	7.5	8.59	3.48	2.47
Normalized Net Income, 2 Yr. CAGR %	4.67	7.2	9.49	2.33	-0.2
Diluted EPS Before Extra, 2 Yr. CAGR %	1.79	7.08	9.17	2.56	2.06
Dividend Per Share, 2 Yr. CAGR %	3.47	7.57	8.52	3.43	2.22
Gross Loans, 2 Yr. CAGR %	9.69	9.66	11.1	12.7	10.93
Allowance For Loan Losses, 2 Yr. CAGR %	10.14	9.5	8.92	11.49	11.07
Net Loans, 2 Yr. CAGR %	9.68	9.67	11.16	12.73	10.93
Non Performing Loans, 2 Yr. CAGR %	11.43	8.23	5.72	10.12	7.71
Non Performing Assets, 2 Yr. CAGR %	11.23	8.04	5.67	10.27	7.65
Total Assets, 2 Yr. CAGR %	7.12	8.33	8.85	10.17	10.16
Total Deposits, 2 Yr CAGR %	6.57	6.27	8.48	12.31	9.35
Tangible Book Value, 2 Yr. CAGR %	11.87	11.64	10.55	9.21	8.18
Average Interest Earning Assets, 2 Yr. CAGR %	9.06	8.49	8.09	9.81	10.71
Average Interest Bearing Liabilities, 2 Yr. CAGR %	8.23	8.53	7.89	9.14	10.22
Common Equity, 2 Yr. CAGR %	11.78	11.56	10.48	9.18	8.18
Total Equity, 2 Yr. CAGR %	11.96	9.05	8.96	8.3	7.33
Compound Annual Growth Rate Over Three Years
Net Interest Income, 3 Yr. CAGR %	7.12	5.73	5.7	3.9	1.83
Non Interest Income, 3 Yr. CAGR %	1.95	8.13	-0.21	1.07	0.69
Provision For Loan Losses, 3 Yr. CAGR %	10.39	1.28	-1.36	-3.47	-0.2
Total Revenues, 3 Yr. CAGR %	4.5	7.61	5.22	4.76	1.83
Earnings From Cont. Operations, 3 Yr. CAGR %	3.5	5.71	5.56	6.3	3.59
Net Income, 3 Yr. CAGR %	3.81	6.34	6.67	6.34	3.17
Normalized Net Income, 3 Yr. CAGR %	4.23	7.67	6.53	6.06	1.43
Diluted EPS Before Extra, 3 Yr. CAGR %	2.89	5.92	6.02	6.45	2.35
Dividend Per Share, 3 Yr. CAGR %	3.83	6.3	6.7	6.27	3.13
Gross Loans, 3 Yr. CAGR %	9.19	9.97	10.33	11.96	11.18
Allowance For Loan Losses, 3 Yr. CAGR %	13.43	8.73	10.31	9.61	11.37
Net Loans, 3 Yr. CAGR %	9.08	10	10.34	12.03	11.18
Non Performing Loans, 3 Yr. CAGR %	9.36	7.74	9.13	6.9	8.78
Non Performing Assets, 3 Yr. CAGR %	9.12	7.6	8.98	6.98	8.72
Total Assets, 3 Yr. CAGR %	7.82	7.91	8.29	9.95	9.48
Total Deposits, 3 Yr CAGR %	6.92	6.3	7.91	10.08	9.99
Tangible Book Value, 3 Yr. CAGR %	10.72	11.73	10.97	9.95	8.61
Average Interest Earning Assets, 3 Yr. CAGR %	6.95	8.72	8.37	9.22	9.79
Average Interest Bearing Liabilities, 3 Yr. CAGR %	7.14	8.19	8.24	8.79	9.36
Common Equity, 3 Yr. CAGR %	10.64	11.64	10.91	9.9	8.6
Total Equity, 3 Yr. CAGR %	11.11	10.86	9.11	8.42	7.9
Compound Annual Growth Rate Over Five Years
Net Interest Income, 5 Yr. CAGR %	4.82	6.79	6.36	5.34	2.85
Non Interest Income, 5 Yr. CAGR %	1.16	0.28	1.85	2.02	2.99
Provision For Loan Losses, 5 Yr. CAGR %	14.95	2.99	2.18	1.41	0.06
Total Revenues, 5 Yr. CAGR %	1.7	4.93	5.7	5.13	3.5
Earnings From Cont. Operations, 5 Yr. CAGR %	2.71	4.32	5.13	5.07	4.59
Net Income, 5 Yr. CAGR %	2.45	5.64	5.7	5.19	4.88
Normalized Net Income, 5 Yr. CAGR %	1.03	6.53	6.3	5.5	3.7
Diluted EPS Before Extra, 5 Yr. CAGR %	1.6	5.46	5.36	4.56	4.22
Dividend Per Share, 5 Yr. CAGR %	2.4	5.64	5.68	5.14	4.88
Gross Loans, 5 Yr. CAGR %	9.2	9.46	9.95	11.05	10.57
Allowance For Loan Losses, 5 Yr. CAGR %	12.91	10.41	11.6	9.82	10.61
Net Loans, 5 Yr. CAGR %	9.11	9.44	9.91	11.08	10.57
Non Performing Loans, 5 Yr. CAGR %	9.63	7.42	7.89	8.69	8.56
Non Performing Assets, 5 Yr. CAGR %	9.51	7.22	7.73	8.66	8.45
Total Assets, 5 Yr. CAGR %	7.73	8.05	8.23	8.81	9.02
Total Deposits, 5 Yr CAGR %	7.34	6.39	7.54	8.66	8.49
Tangible Book Value, 5 Yr. CAGR %	9.44	9.94	10.65	10.72	9.81
Average Interest Earning Assets, 5 Yr. CAGR %	7.67	7.68	7.41	9.16	9.27
Average Interest Bearing Liabilities, 5 Yr. CAGR %	7.61	7.75	7.44	8.57	9.03
Common Equity, 5 Yr. CAGR %	9.43	9.92	10.57	10.65	9.77
Total Equity, 5 Yr. CAGR %	9.76	9.59	10.24	9.83	8.36