The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.


Australia I China I Hong Kong I India I Indonesia I Japan I Malaysia I Mongolia I Pakistan I Philippines I Singapore I Taiwan I Thailand

BEST BANK: Bank of Communications
BEST M&A HOUSE: Morgan Stanley

Of the large state-owned banks in mainland China, Shanghai-based Bank of Communications (Bocom) is comfortably the best managed. China’s fifth-largest bank by assets at $176.4 billion, Bocom is also one of the top 100 largest banks globally and was the first state bank to list internationally.

A glance at Bocom’s financial performance explains why it got to market first. With a net interest margin of 2.91%, a cost-income ratio of 51.24% and a return on average assets of 0.72%, the second highest of any bank in China, Bocom provided its shareholders with a return on average equity for the 2005 financial year of 13.52%, a highly creditable result when compared with its direct competitors. Bocom also enjoys a strong balance sheet, with a capital adequacy ratio of 11.29% and non-performing loans of about 3%.

Despite its 55,000 employees and 2,600 outlets, Bocom is surprisingly nimble-footed and its business development is well ahead of the competition.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree