Bank of Communications Co., Ltd.

Major Shanghai-based Chinese commercial bank founded in 1908

What Bank of Communications does

Bank of Communications is a large Chinese bank serving individuals and businesses in China and abroad. It takes deposits, issues credit and debit cards, and makes home mortgages and personal loans. It also lends to companies, helps them manage cash and supply-chain financing, and offers bond, wealth management and settlement services.

How Bank of Communications makes money

It earns most of its income from the interest spread between loans (mortgages, personal and corporate loans) and the deposits it pays interest on. It also earns fees from cards, wealth management, investment banking, bond underwriting and settlement services.

Products & services

• Savings and time deposits
• Credit and debit cards
• Residential mortgage and personal loans
• Corporate loans and supply-chain finance
• Corporate cash management
• Wealth management and bond services