Release Date: 2013-12-10
On 31st Oct. 2013, Bank of Beijing issued its Q3 report this year. In the first 3 quarters, Bank of Beijing's net profit reached RMB 11 billion, indicating better development quality and sustainability. As of Q3-end, Bank of Beijing's total assets, deposit balance and loan balance reached RMB 1.21 trillion, RMB 815.1billion Yuan and RMB 564.5 billion respectively, up by 8%, 14% and 14% respectively vs. 2012-end, which reflected a balanced development between asset and liability business. As of Q3-end, Bank of Beijing's CAR, core tier-1 CAR, annualized ROA, annualized ROE and cost to income ratio was 11.88%, 9.65%, 1.22%, 18.87% and 21.98% respectively. Cost income ratio kept maintaining a relatively low level among peers. Bank of Beijing's profit per capita of RMB 1.3 million Yuan is much higher that of peer banks, making it the best bank in China in terms of profit per capita and management efficiency. With regard to business operation, Bank of Beijing kept pursuing fine management, featured transformation and mixed operation, which greatly improves core competition advantage and development potential.
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