Bank of Beijing was established in January 1996 and has developed as a listed bank with Sino-foreign strategic partnership. In the past 15 years, the Bank followed its mission to “credit value for clients, create return for shareholders, create future for staff and create wealth for society”. Relying on the booming domestic economy, the Bank has achieved several milestones, including introducing overseas strategic investors, public listing, setting up regional operation in Beijing, Tianjin, Shanghai, Xi’an, Shenzhen, Hangzhou, Changsha, Nanjing, Jinan and Nanchang. The Bank also initiated the establishment of Yanqing Village Bank, set up representative offices in Hong Kong and Amsterdam, and initiated Bank of Beijing Consumer Finance Company – the first consumer finance operation in China. Bank of Beijing has also established insurance joint venture BoB-ING Life Insurance, becoming the first small/medium-sized bank operating in that field.
As of the end of 2010, Bank of Beijing’s total assets balance, total deposits balance and total loans balance was 733.2 billion, 557.7 billion and 334.7 billion Yuan respectively. Net profit realized was 6.8 billion Yuan, with a year-on-year growth of 20.75%. NPL balance and ratio further declined to 2.32 billion Yuan and 0.69%. Provision coverage ratio, CAR and core CAR reached 307%, 12.62% and 10.51% respectively, all of which at high level. The Bank has achieved balanced sustainable development of both scale and structure as well as pace and quality.
On the latest World Top1000 Banks list issued by “The Banker”, Bank of Beijing ranks No.145 in terms of tier1 capital; on the list of Asian banks competitiveness, the Bank ranks No.13, which is No.7 in China; on the aspect of brand value, the Bank holds No.9 in China’s banking sector.
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 “Best regional bank”, “Best Chinese city commercial retail bank”, “2009 Top10 listed Asian banks”, “Top100 Chinese listed companies”, “Outstanding Chinese companies for social responsibility”, “Listed companies with most sustainable investment value” and “National civilized units” etc.
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