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Bank of Beijing’s 2019 performance report: Net profit of 21.6 billion US dollars annual growth7.2%

01/06/2020 0 Comment

Bank of Beijing’s 2019 performance report: Net profit of 21.6 billion US dollars annual growth7.2%
Recently, the Bank of Beijing handed over the transcripts for 2019 and the first quarter of this year: it achieved a net profit of 21.6 billion yuan in 2019, with an annual value increase of 7.2%; Achieved a net profit of 6.7 billion yuan in the first quarter of 2020, an increase of 5.26%.  Technological finance and cultural finance have always been Bank of Beijing’s distinctive businesses. In 2019, the scale of business achieved a “double flight”.The annual report shows that as of the end of 2019, the balance of technology finance loans was 154.4 billion U.S. dollars, which added value earlier6.2%.The balance of cultural finance loans was 64 billion, an increase of 21 earlier.4%.  Bank of Beijing also actively develops social responsibility.Among them, in support of small and micro-enterprise financing and inclusive financial services, the balance of Bank of Beijing’s inclusive small and micro loans in 2019 was US $ 63.7 billion, an increase of 26.52%.Bank of Beijing will gradually recover in 2019 and gradually increase personal operating loans to more than 60 billion, effectively solving the financing problem of small business owners.  The outbreak affected enterprises. Bank of Beijing merged with the Beijing government’s deployment. As of April 27, it had converted into outbreak prevention and control and people’s livelihood security, as well as troubled small and micro enterprises to provide more than 4.7 billion yuan in credit.  Performance NPL ratio at the end of 2019 1.40% fell 0 earlier.The 06 annual reports for 2019 and the first quarter report for 2020 show that the Bank of Beijing has achieved steady growth in asset scale and operating efficiency.As of the end of 2019, the total assets of Bank of Beijing on and off the table reached 3.44 trillion yuan, of which on-balance sheet assets2.74 trillion yuan, an increase of 6 earlier.4%; loan budget 1.45 trillion yuan, an increase of 14.6%, total deposit 1.53 trillion yuan, an increase of 10.3%.A net profit of 21.6 billion yuan was initially realized, which added value in ten years.2%; operating income was 63.1 billion yuan, an increase of 13.8%; net interest margin 1.95%, an annual increase of 7bp, cost to income ratio 23.2%.According to the first quarter report of 2020, the bank achieved a net profit of 6.7 billion yuan in the first quarter, an increase of 5.26%.  In 2019, Bank of Beijing continued to strengthen risk management and internal control construction to improve asset quality.As of the end of 2019, the Bank of Beijing’s non-performing loan ratio was 1.40%, down by 0 from the beginning of the year.06 total; provision coverage ratio 224.69%, loan to loan ratio 3.15%, the rate of non-performing loans is 0.93%, a significant drop of 57bps from the previous year, and the ability to resist risks continues to increase.As of the end of 2019, the Bank of Beijing’s overdue loan ratio was 1.85%, 0 earlier.12 digits, of which loans overdue for more than 90 days have all been lowered to non-performing.The ratio of overdue loans (ratio of loans overdue for more than 90 days to non-performing loans) was 59.87%, a significant decrease of 32 from the beginning of the year.39 averages.In addition, at the end of 2019, the bank’s ample capital gains12.28%, Tier 1 capital adequacy ratio 10.09%, core tier 1 capital adequacy ratio 9.At 22%, the Tier 3 capital adequacy ratio increased by 21bp, 24bp and 29bp respectively compared with the beginning of the year.  In the retail business, the annual report shows that the Bank of Beijing’s asset management scale (AUM) exceeded 700 billion, and retail deposits exceeded 350 billion, an increase of 22 earlier.14%; the loan scale exceeded 440 billion yuan, an increase of 22.39%, the best level in the past three years.While accelerating the retail transformation, Bank of Beijing continued to consolidate its business.As of the end of 2019, the bank’s RMB company deposit balance exceeded 1.1 trillion, an increase of 6 earlier.8%; launched the “Mobile Management APP” of the company’s mobile banking 2.Version 0; issued the first Beijing Poverty Alleviation Bill, the first CMBN to support the construction of urban sub-centers and “Beijing characteristics” night economic development.In addition, the financial market business continued to promote transformation.In 2019, the public offering of ABS investment and the investment scale of securities investment funds increased by 21% and 61% respectively.The rapid development of light capital business, gold leasing, and scale of public fund custody increased by 80% and 44% respectively from the beginning of the year.International documents, foreign exchange settlement and sale, domestic licenses and Forfaiting and other light-capital products are selling well, realizing an annual growth of 13% in intermediate business income.  In 2019, Bank of Beijing jumped from the 63rd place in the previous year to the 61st place in the top 1000 global banks in the British “The Banker” magazine according to Tier 1 capital, ranking among the top 100 global banks for six consecutive years.  Featured technology finance and cultural finance loans increased 6 earlier.2%, 21.4% Since its establishment, Bank of Beijing has established a development orientation of “serving the capital economy, serving SMEs, and serving the people”, building a competitive advantage with distinctive services, and creating technology finance, cultural finance, inclusive finance, and green finance., Smart finance and other special service brands have embarked on a road of differentiated, characteristic and refined development.  In terms of science and technology finance, Bank of Beijing is the first bank in the capital to establish a technology-oriented SME credit franchise branch, and has long been concerned about the investment and financing needs of science and technology enterprises.In 2019, the Bank of Beijing’s technology and financial business continued to develop.In terms of helping science and technology enterprises to enter the capital market, the bank released the “Technology Board Financial Services Program”, supporting 48 companies applying for science and technology board, converting credits of US $ 8.5 billion;Promotion and “R & D loan” and other new products were launched, and the “Guiding Opinions on the Bank of Beijing’s Strategy for Further Deepening the Development of Technology Finance” was prepared.The annual report shows that as of the end of 2019, the balance of technology finance loans was 154.4 billion U.S. dollars, which added value earlier6.2%.  In terms of cultural finance, Bank of Beijing is the earliest financial institution serving the cultural and creative industries in China, and established the first bank-based cultural maker center.In 2019, Bank of Beijing released the “Cultural Travel Loan” financial service action plan, “Creative Design Loan” and the exclusive product “Film and TV Loan” in the entire film and television industry chain, supporting “Ice Breaking Action”, “Year of Celebration” and “Heroes of Fire””China Captain” “China Pride Trilogy” and other outstanding film and television drama production and distribution.The outstanding “2019 China Cultural Tourism Enterprise Best Service Bank” title, cultural finance and cultural and creative franchise sub-branch won the Beijing Municipal Committee, the city government fully affirmed.  As of the end of 2019, the balance of the Bank of Beijing’s cultural finance loans was 64 billion, which added value earlier21.4%.Since 2020, based on the current situation of cultural enterprises affected by the epidemic, tailor-made extension and renewal programs for cultural enterprises, launched the “Special Plan for Cultural Tourism Catering Promotion Support”, providing cultural tourism and catering enterprises with a special project of not less than 10 billion yuanCredit funds.The Bank of Beijing Cultural Maker Center took the initiative to extend free office hours for incubating enterprises, and held 12 online themed cultural events during the epidemic.  Social responsibility provides over 4.7 billion credits for epidemic prevention and control, people’s livelihood protection and trapped small and micro enterprises in 2019. Supporting small and micro enterprises in financing and providing inclusive financial services is an important task for banking institutions.As of the end of 2019, the Bank of Beijing ‘s Pratt & Whitney small and micro loan balance was 63.7 billion, an increase of 26.52%, higher than the bank’s loan growth rate11.89 single digits; the number of inclusive small and micro households exceeded 20,000, an increase of 1,834 earlier.Bank of Beijing has also been selected as the first batch of six pilot banks of the Beijing Municipal Bank of Communications Management Department, to custody the country’s first local “rescue fund”, innovatively launched the conversion loan business, and injected financial water into the weak economic and social development.In addition, Bank of Beijing’s cumulative personal operating loans in 2019 exceeded 60 billion US dollars, and the balance exceeded 100 billion US dollars, effectively solving the financing problem of small business owners.  In 2019, Bank of Beijing will continue to implement social responsibility and serve the national strategy.Among them, full service to Beijing’s “four centers” function construction, urban sub-center construction and other major regional strategies, loans in Beijing increased by 67.3 billion yuan from the beginning of 2019, an increase of 11.6%, the market share in Beijing further increased.In addition, Bank of Beijing is also actively participating in major national strategies such as Beijing-Tianjin-Hebei coordinated development, integration of the Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, and continuous improvement of the regional layout.  Under the epidemic, various banks responded to the requests of relevant departments and increased financial support for enterprises.Bank of Beijing also quickly established the municipal party committee and municipal government to make decision-making and deployment, to launch ten breakthroughs in financial services during epidemic prevention and control, and to launch “Beijing Credit” and “Win Epidemic Treasure” products, specializing in wholesale and retail affected by the epidemic, and accommodationEnterprises in the fields of catering, culture and tourism.As of April 27, it gradually provided more than 4.7 billion yuan in credit for epidemic prevention and control, people’s livelihood security, and troubled small and micro enterprises, renewed loans of $ 1.5 billion, and added 1,275 first-time customers.Provide cash or medical supplies to Beijing-based hospitals, district-based hospitals and some hospitals in Beijing to assist the Beijing medical team in Wuhan and other frontline personnel for epidemic prevention and control, totaling more than 30 million yuan.In addition, the Bank of Beijing has issued 40 billion small and micro-financial bonds with anti-epidemic themes.  Sauna, Ye Wang Hou Runfang

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