Investment date: 8 Feb 2011 Shareholdings: 10% 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 2016, BOCF has a network of 82 community banks and 78 sub-branches, and is the largest community banking group with the widest distribution and range of services covering 12 provinces for over 1 million underserved customers in rural China.

 Financial & Operating Highlights

  S$m, y/e 31 December 20162015 2014 2013
 Banks 82 76 58 50
 Employees 3,765 3,568 2,433 1,917
 Total Assets 5,641 4,732 3,339 1,800
 Shareholders Equity 594492 377 391
 Net Income 11 6 (7) (7)
 ROE % 2.11.3 (1.9) (2.9)

Further information can be found at the website