On August 27, Bank of Beijing Co., Ltd. announced the 2021 semi-annual report.
Bank of Beijing strengthened comprehensive risk management, fully promoted strategic transformation, and actively improved the service capabilities of the real economy, achieved a balanced, stable, and high-quality development of scale, efficiency, quality, and brand, and achieved a good start in the "14th Five-Year Plan" phase. A new solid step has been taken on the journey of the "Hundred Years Bank".
At the end of June 2021, the total assets of Bank of Beijing reached 3.06 trillion yuan, an increase of 5.48% from the beginning of the year. It is the first city commercial bank in China with on-balance sheet assets exceeding 3 trillion yuan.
In the first half of the year, Bank of Beijing achieved operating income of 33.4 billion yuan, a year-on-year increase of 0.56%; realized a net profit of 12.6 billion yuan attributable to the parent, a year-on-year increase of 9.28%, a growth rate of 9.08 percentage points higher than the end of 2020; annualized return on total assets and The weighted average return on equity was 0.85% and 11.68%, respectively, up 0.02 percentage points and 0.32 percentage points from the end of 2020, respectively. In the world brand laboratory brand value ranking list, the brand value rose to 65.4 billion yuan. "Home" magazine ranks 62nd among the world's top 1,000 banks, and has been among the top 100 banks in the world for eight consecutive years.
In the first half of 2021, the Bank of Beijing will further strengthen the service positioning of the "Metropolitan Bank", deepen the capital market, and make every effort to serve Beijing's "four centers", "two districts and three platforms", and "five sons linkage" and other major strategies and key tasks; 115 key projects at the two levels have all been docked; version 2.0 of the Beijing Free Trade Zone Financial Service Plan was released, four Beijing Free Trade Zone branches were renamed, and the first batch of NRA foreign exchange accounts settled in the Beijing Free Trade Zone; centered on the construction of urban sub-centers, The preparation of the Winter Olympics and the construction of the Daxing Airport Economic Zone have increased credit investment.
At the same time, the Bank of Beijing has improved the level of regional financial service coordination and linkage, created regional development characteristics, and actively served the country’s major regional development strategies. The increase in credit to Beijing, the Yangtze River Delta, and the Pearl River Delta accounted for 85% of the increase in the regional economy. Quality development injects financial living water.
In the first half of 2021, the Bank of Beijing’s retail transformation has accelerated in an all-round way, achieving all-round new improvements in its contribution ratio, customer scale, profitability, and asset quality.
In the first half of the year, Bank of Beijing’s retail revenue accounted for 26.4%, an increase of 3.7 percentage points from the beginning of the year and an increase of 4.1 percentage points year-on-year.
The contribution of net retail interest income, net fee and commission income to the whole bank exceeded 30%.
Thanks to the rapid growth of wealth management business, net retail fee and commission income increased significantly by 67.2% year-on-year, agency sales revenue increased by 99.2% year-on-year, and sales of public and private equity funds in the first half of the year increased by 89.5% and 234% year-on-year, respectively. Retail assets The scale of management (AUM) exceeded 800 billion yuan, and the fund balance doubled year-on-year.
The retail loan structure continued to be optimized. The balance at the end of June reached 543 billion yuan, an increase of 38 billion yuan from the beginning of the year. The incremental contribution of operating loans and consumer loans accounted for more than 60%; the balance of online cooperative loans and self-operated online consumer loans were respectively compared with the beginning of the year. Increased by 22% and 131%; the personal credit non-performing rate was 0.41%, and the asset quality maintained the best level in the industry.
The customer base continued to be consolidated. The number of retail customers reached 24.55 million, a year-on-year increase of 1.994 million and an increase of 975,000 from the beginning of the year. The increase reached the highest level in the past five years. The growth rate of VIP customers was more than twice that of all customers.
In the first half of 2021, the Bank of Beijing took multiple measures to speed up the clearing of existing risks, "one household, one policy" formulated key business risk mitigation plans, continued to strictly control large risks, optimized risk control procedures, upgraded digital risk control technology, and implemented a rolling process Risk investigation, strengthened forward-looking early warning, accurate research and judgment, and effective governance of risks in key regions, key industries, and key customers, and continuously enhanced risk management and control capabilities; as of the end of June, the non-performing loan rate was 1.45%, a decrease of 0.12 percentage points from the beginning of the year.
At the same time, it actively increased the provision of provisions. The provision coverage ratio was 227.93%, an increase of 11.98 percentage points from the beginning of the year and an increase of 1.9 percentage points from the end of the first quarter. Continue to maintain a good momentum of steady development under the changing situation.