Pressure on Bank of China's net interest margin continues in the near term.
Narrow-moat Bank of China's first-quarter results saw strong revenue growth at 5.3% from the year-ago period, and 1.9% net profit growth was in line with our expectations. Top-line growth was among the fastest among state-owned enterprise peers. However, this was primarily boosted by other business revenue growth at 42%, thanks to 400%-plus growth in foreign exchange gains on its foreign assets, representing more than 22% of BOC’s assets, and 30% growth in other business revenue, including its H...BANK OF CHINA LIMITED is a China-based commercial bank. The Bank is mainly engaged in the provision of banking and related financial services, including commercial banking business, investment banking business, insurance business, direct investments and investment management businesses, fund management business and aircraft leasing business, as well as others. The Company mainly provides loans to individual and corporate clients. The Bank mainly operates its businesses in China mainland, Hong Kong, Macau and Taiwan, as well as other countries.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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