• Bank Of China average return on tangible equity for 2023 was 8.86, a 4.01% decline from 2022.
• Bank Of China average return on tangible equity for 2022 was 9.23, a 1.91% decline from 2021.
• Bank Of China average return on tangible equity for 2021 was 9.41, a 5.9% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.