Established in 1996, Bank of Beijing is a Sino-foreign joint stock commercial bank. Relying on the prosperous domestic economy, the Bank has achieved several milestones, including introducing overseas strategic investors, public listing, geographic expansion and business mixed operation. Currently, the Bank has set up over 300 branches in Beijing, Tianjin, Shanghai, Xi’an, Shenzhen, Hangzhou, Changsha, Nanjing, Jinan and Nanchang. The Bank also initiated the establishment of BOB Yanqing Village Bank, BOB Wencheng Village Bank and BOB Nong’an Village Bank, set up representative offices in Hong Kong and Amsterdam, initiated Bank of Beijing Consumer Finance Company – the first consumer finance operation in China, established insurance joint venture ING-BoB Life Insurance as one of the first pilot, set up Bank of Beijing Scotiabank Asset Management Company andBoB Financial Leasing Company. The success of Bank of Beijing has established a classic development pattern for small/medium-sized banks.
As of 2014 June-end, Bank of Beijing’s total assets balance was RMB 1.48 trillion. Net profit achieved 8.8 billion Yuan, with a cost/income ratio at only 19.76%. It’s ROA and ROE was 1.26% and 21.37% respectively. NPL ratio was 0.68% while provision coverage ratio was 386% and CAR 10.38%. The Bank holds a brand value of 20.136 billion Yuan and ranks No.99 in terms of tier1 capital on the latest World Top1000 Banks list, becoming the world Top-100 for the first time. It creates leading performance of all financial indicators internationally. The Bank has built its Excellence in terms of profit per capita and asset quality.
Throughout the past 18 years, Bank of Beijing has always been active in fulfilling its social responsibility. It has donated a total of more than 100 million Yuan to support public welfare such as medical care, education and other charity activities. With the outstanding performance and excellent products and services, Bank of Beijing is highly appraised by the public. The Bank received several honors such as “National Civilized Units”, “Top-10 Listed Banks in Asia”, “The Best City Commercial Retail Bank in China”, “Best Regional Bank”, “Best Contribution for Supporting SMEs”, “Best Bank with Service for People’s Livelihood”, “Top100 Chinese Listed Companies”, “Outstanding Chinese Companies for Social Responsibility”, “Listed Companies with Most Sustainable Investment Value”, “Most Respectable Bank”, “Most Trustworthy Banking Institution by Citizens” and “China’s Outstanding Corporate Citizens” etc.
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