Bank Of China (HKSE:03988) Net Charge Offs to Average Loans % : 0.00% (As of . 20)

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What is Bank Of China Net Charge Offs to Average Loans %?

Net Charge Offs to Average Loans % is the net charge-offs divided by the average total loans during a specific period. This ratio measures the proportion of debt owed to a company that is unlikely to be recovered. A higher ratio means there’s more bad debt that is unlikely to be collected, which leads investors to believe it has a very risky portfolio.

The historical rank and industry rank for Bank Of China's Net Charge Offs to Average Loans % or its related term are showing as below:

HKSE:03988's Net Charge Offs to Average Loans % is not ranked ^*
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Net Charge Offs to Average Loans % only.

Bank Of China Net Charge Offs to Average Loans % Historical Data

The historical data trend for Bank Of China's Net Charge Offs to Average Loans % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bank Of China Net Charge Offs to Average Loans % Chart

Bank Of China (HKSE:03988) Net Charge Offs to Average Loans % Calculation

Net Charge Offs to Average Loans % is calculated as

Net Charge Offs to Average Loans %

Net Charge-offs

Average Total Loans

Bank Of China (HKSE:03988) Net Charge Offs to Average Loans % Explanation

A Net Charge-off (NCO) is the dollar amount representing the difference between gross charge-offs and any subsequent recoveries of delinquent debt. The bad debt often needs to be written off and classified as gross charge-off. If any money is recovered from that debt, the recovered amount needs to be subtracted from gross charge-off, which is how we get the net charge-off.

Net Charge Offs to Average Loans % represents the amount of debt that a company believes it will never collect and is an indicator of a financial institution's loan portfolio performance. A higher ratio, especially when compared to the previous period or to other banks, would suggest that there’s more bad debt that is unlikely to be collected and the loan portfolio may be too risky.

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Bank Of China (HKSE:03988) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bank Of China Ltd (HKSE:03988) » Definitions » Net Charge Offs to Average Loans %

Comparable Companies

Traded in Other Exchanges

BACHY:USA BACHF:USA W8V:Germany 601988:China

Address

No. 1 Fuxingmen Nei Dajie, Xicheng District, Beijing, CHN, 100818

Website

https://www.boc.cn

Bank of China was founded in 1912 with headquarter in Beijing. The bank has evolved as a central bank, international exchange bank, and state-owned bank specializing in foreign trade business. BOC was listed on the Hong Kong and Shanghai stock exchanges in 2006. It provides a comprehensive range of financial services to customers across greater China and overseas. Central Huijin, a Chinese state-owned investment company and BOC's largest shareholder, controls 64%.

Executives

Citic Securities Company Limited	2201 Interest of corporation controlled by you
Zhong Xin Zheng Quan Zi Chan Guan Li You Xian Gong Si	2301 Trustee
Zhong Xin Zheng Quan Zi Guan San Hao Dan Yi Zi Chan Guan Li Ji Hua	2501 Other
Blackrock, Inc.	2201 Interest of corporation controlled by you
Citigroup Inc.	2502 Approved lending agent
Quan Guo She Hui Bao Zhang Ji Jin Li Shi Hui	2101 Beneficial owner

Bank Of China (HKSE:03988) Headlines

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