Investment date: 8 Feb 2011
Headquarters: Beijing, People's Republic of China
Setup in 2011, Bank of China Fullerton (BOCF) is a joint venture company of Bank of China (BOC) and Fullerton Financial Holdings (FFH). Combining BOC’s brand and local knowledge with FFH’s strong track record in SME and Micro-SME business models, BOCF has successfully launched its network of Village Banks in China to serve the underserved rural segment in China which comprises 44% of China’s population.
BOCF focuses on providing financial services to customers which include small, medium and micro enterprises, working class individuals, and customers in the agriculture sector - comprising of farmers, farming enterprises, village farms and co-operatives. Its full suite of financial products and services include its multi-channel banking services offering 24-hour call center, e-Banking, mobile banking and SIM card banking services customised to its rural customers’ needs.
At the end of 2018, BOCF has a network of 100 community banks and 130 sub-branches, and is the largest community banking group with the widest distribution and range of services covering 19 provinces and cities for over 1.7 million underserved customers in rural China.
Financial & Operating Highlights
| Banks ||100 ||96 ||82 ||76 |
| Employees ||4,652 ||4,701 ||3,765 ||3,568 |
| Total Assets ||9,381 ||8,924 ||5,641 ||4,732 |
| Shareholders Equity ||1,088 ||1,021 ||594 ||492 |
| Net Income ||82 ||47 ||11 ||6 |
| ROE % ||7.8 ||5.8 ||2.1 ||1.3 |
Further information can be found at the website http://www.bocfullertonbank.com/