WHAT IS THE NATURE OF BANK OF CHINA'S GROWTH? Headquartered in Beijing, China, the Bank of...
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WHAT IS THE NATURE OF BANK OF CHINA'S GROWTH? Headquartered in Beijing, China, the Bank of China (BOC) is the oldest bank in the country. As China's most international and diversified bank, BOC has offices in 37 countries, including Taiwan, Portugal, Canada, Singapore, Hong Kong, and London. During BOC's first fiscal quarter of 2015, which ended June 30, BOC reported an estimated profit of RMB47.77 billion and a profit attributable to equity holders of RMB45.84 billion, an increase of 1.21 percent and 1.05 percent respectively compared to the prior year period. It is indicated in the investor section of the bank's website that its financial performance at the end of 2014 was excellent. Due to slowing growth in China, the Shanghai stock market crashed in July-August, 2015, wiping out $5 trillion in value that had been accumulated earlier in the year. However, bank stocks, such as the stock of BOC, led a slight recovery in late August. The central bank of China cut interest rates and reduced the amount of required reserves for banks, aiding a slight recovery. Questions Visit the investor section on the BOC website and review its financial condition. Compute three key ratios. Rate the bank's financial condition on an A, B, C, D, or F grading system. T WHAT IS THE NATURE OF BANK OF CHINA'S GROWTH? Headquartered in Beijing, China, the Bank of China (BOC) is the oldest bank in the country. As China's most international and diversified bank, BOC has offices in 37 countries, including Taiwan, Portugal, Canada, Singapore, Hong Kong, and London. During BOC's first fiscal quarter of 2015, which ended June 30, BOC reported an estimated profit of RMB47.77 billion and a profit attributable to equity holders of RMB45.84 billion, an increase of 1.21 percent and 1.05 percent respectively compared to the prior year period. It is indicated in the investor section of the bank's website that its financial performance at the end of 2014 was excellent. Due to slowing growth in China, the Shanghai stock market crashed in July-August, 2015, wiping out $5 trillion in value that had been accumulated earlier in the year. However, bank stocks, such as the stock of BOC, led a slight recovery in late August. The central bank of China cut interest rates and reduced the amount of required reserves for banks, aiding a slight recovery. Questions Visit the investor section on the BOC website and review its financial condition. Compute three key ratios. Rate the bank's financial condition on an A, B, C, D, or F grading system. T
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ANSWER PLS Visit the investor section on the BOC website ... View the full answer
Related Book For
International Business The New Realities
ISBN: 978-0134324838
4th edition
Authors: Tamer Cavusgil, Gary Knight, John Riesenberger
Posted Date:
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