Bank of Communications Co Ltd (BKFCF/BKFCF.PK) Wrap Up:

Bank of Communications Co., Ltd. provides banking and related financial services to individual and corporate customers primarily in the People's Republic of China. The company?s personal banking products and services comprise time deposits, education savings, fixed deposits, and current and personal call deposits; housing, vehicle, and property loans; credit cards, quasi-credit cards, and debit cards; and global access, travel consumption, inter-city remittance, funds transfer, direct line access, wealth management, ATM withdrawal, phone banking, and Internet banking services. Its corporate banking products and services include current, time, and contracted deposit accounts; financing services, such as transfer of receivables, account overdrafts, bill discounting, re-lending of foreign government loans, guarantees, re-purchase of inter bank credit assets, and buyout of inter bank credit assets; settlement services comprising online tax payment services, agent salary payment services, agent collection and payment, and transfer settlement services; cash management, wealth management, entrusted loans, and agent settlement services for bonds; and bancassurance and investment management services. In addition, the company provides international banking services, such as forex wealth management, document settlement, trade finance, offshore banking, and remittance and bill services; and brokerage, trust, finance lease, fund management, and insurance services. As of December 31, 2008, it had 105 branches and 2,636 outlets in various cities in the Mainland China; and 8 branches in Hong Kong, New York, Tokyo, Singapore, Seoul, Frankfurt, and Macau, as well as a representative office in London. The company was founded in 1908 and is headquartered in Shanghai, the People?s Republic of China.