On April 29, Bank of Beijing released its 2021 annual report and its first quarterly report for 2022.
By the end of 2021, the total assets of Bank of Beijing were 3.06 trillion yuan, a year-on-year increase of 5.48%; the operating income was 66.275 billion yuan, a year-on-year increase of 3.07%; the net profit attributable to the parent company was 22.226 billion yuan, a year-on-year increase of 3.45%. Good level; Bank of Beijing attaches great importance to investor returns, and the cash dividend ratio has exceeded 30% in the past three years, continuing to create stable returns for shareholders. In 2021, the brand value of Bank of Beijing will reach 65.4 billion yuan, and its tier 1 capital will rank 62nd among the world‘s top 1,000 banks. It will be included in my country’s systemically important banks by the People’s Bank of China and the China Banking and Insurance Regulatory Commission. New improvements have been achieved in both performance and brand. In the first quarter of 2022, Bank of Beijing continued its good development momentum with total assets of 3.14 trillion yuan, an increase of 2.65% over the end of the previous year; net profit attributable to the parent was 7.353 billion yuan, an increase of 6.60% year-on-year, and profitability was further improved.
Bank of Beijing insists on opening the “second growth curve” with retail transformation, deepening retail transformation and accelerating the overall speed. As of the end of 2021, the balance of Bank of Beijing’s retail funds (AUM) was 884.47 billion yuan, with an increment exceeding 100 billion yuan, the highest level in the past three years; retail savings deposits reached 441.94 billion yuan, an increase of 13.4% over the beginning of the year, and the incremental contribution reached 84.9% %. The cost of deposits decreased by 11BP compared with the beginning of the year, and the proportion of current savings increased by 2.3 percentage points. The scale of retail loans was 585.39 billion yuan, an increase of 15.9% from the beginning of the year. The incremental business loans and consumer loans accounted for 72.1% of personal loans, a significant increase of 38.2 percentage points year-on-year. The number of retail customers exceeded 25 million, reaching 25.658 million, an increase of 2.079 million from the beginning of the year, achieving the highest growth rate in the past three years. Created an “open, high-quality and efficient” wealth management product platform, and the wealth management business has successfully completed the net worth transformation; the holdings of public funds and intermediate income increased by 109% and 137% year-on-year, and the sales volume of standardized products increased by 156% year-on-year; the scale of agency sales increased 94%, and fee income increased by 81%. The “mobile first” strategy was deeply implemented, and the number of mobile banking customers reached 11.32 million, with an increase of over 2 million in the whole year. In the first quarter of 2022, the retail business of Bank of Beijing achieved a good start. AUM increased by more than 120 billion yuan year-on-year to 923.1 billion yuan, and the scale of agency insurance and high-quality private equity funds increased by 16.3% and 35% compared with the beginning of the year.
At the same time, the Company insisted on “customer multiplication” to promote the company’s business to become better and stronger, and the “moat” of institutional business became more stable. In 2021, Bank of Beijing will further advance the corporate customer multiplication plan, and continue to optimize the customer tiered and classified management model. The number of effective corporate customers will be 176,000, an increase of 40,000 from the beginning of the year, continuing the rapid growth momentum. The Bank’s domestic and foreign currency corporate deposits amounted to 1,246.7 billion yuan, and the balance of domestic and foreign currency corporate loans was 978.3 billion yuan. We will vigorously develop settlement-type customers, promote the accumulation of settlement funds, strengthen the connection and marketing cooperation between bank and enterprise headquarters, and realize the “incremental improvement” of corporate customers. Improve the supply capacity of government services, launch the Beijing Municipal Financial Non-tax Electronic System, the first in Beijing to launch the integrated system of centralized payment of the national treasury, and provide standardized government services for financial budget units; the first in Beijing to open mobile banking for flexible social insurance premiums for employees Inquire about payment. Accelerated the construction of a transaction banking ecosystem, optimized corporate online banking 8.0, and continued to increase the coverage of online banking; launched corporate mobile banking 4.0, corporate WeChat banking, upgraded Bank-Enterprise Account Link and Bank-Enterprise Wisdom Link, and took a solid step in the construction of a three-in-one portal channel ecosystem . Actively promote the onlineization of domestic and foreign currency products, build cross-border e-commerce payment collection platforms, and deploy national and local versions of the “Single Window for International Trade”. Launched a public digital RMB wallet service to serve the Winter Olympics scene and meet customer exchange and deposit needs. Continue to improve the supply chain financial service system and use blockchain technology to connect with national supply chain platforms. The investment banking business accelerated its innovation, transformation and development, and its business scale increased steadily. The scale of matching transactions through securities companies, leasing, insurance and other market-oriented institutions reached 21.85 billion yuan, a year-on-year increase of 539%; the number of M&A loan contracts increased by 55% year-on-year.
In 2021, Bank of Beijing will continue to strengthen its strategic positioning of inclusive finance. The balance of inclusive finance loans will be 126.1 billion yuan, an increase of 33.2 billion yuan compared with the beginning of the year, a year-on-year growth rate of 35.7%, and the incremental growth rate will hit a new high in the past three years. The number of inclusive small and micro enterprise loans reached 138,000, an increase of 115,000 from the beginning of the year; there were 59 small and micro-featured sub-branches, an increase of 3 from 2020. Focusing on the three major brands of science and technology innovation, culture and green, we will continue to increase investment in resources. The head office’s technological innovation financial center was established, and the Qianmen Cultural and Creative Sub-branch was unveiled, and the Yonghe Cultural and Creative Sub-branch was upgraded to the “National Cultural and Financial Cooperation Demonstration Zone Yonghe Cultural and Creative Sub-branch”. Launched new cultural financial products such as “Cultural Credit”, “Cultural Talent Loan” and “Film+” copyright pledge loan. Expand bank-government cooperation, and jointly release the “Financial Support Plan for Walking in Beijing and Internet Celebrity Check-in Places” with the Beijing Municipal Bureau of Culture and Tourism; and jointly promote a series of activities for the Beijing Central Axis to apply for the World Heritage List with the Beijing Municipal Bureau of Cultural Relics and the Beijing Central Axis Application and Protection Office . Actively implement the strategic deployment of “carbon peaking and carbon neutrality”, accelerate the development of green finance, and release the “Green Finance +” green finance brand; the first sub-branch named after “green” in Beijing was established. Under the background of “dual carbon”, Beijing’s first carbon emission quota pledge loan business, the country’s first “carbon neutral” small and micro financial bond in the inter-bank market, and the country’s first supply chain green asset-backed bill, helped the first batch of national and Beijing The city’s first public offering of REITs – “Shougang Green Energy” project was successfully raised. As of the end of 2021, the bank’s science and technology financial loan balance was 160.75 billion yuan, with 7,150 households; the cultural finance loan balance was 63.42 billion yuan, and the number of households was 3,278; the green loan balance was 47.74 billion yuan, an increase of 21.52 billion yuan from the beginning of the year, a year-on-year growth rate 82.1%, of which the clean energy industry loans grew by 104.7% year-on-year, the growth rate was at the forefront of major banks.
Bank of Beijing boosted the quality and efficiency of financial market business by serving entities, the capital-light business developed rapidly, and the business structure continued to be optimized. In 2021, the scale of Bank of Beijing’s financial market management business will be 2.42 trillion yuan, the money market transaction volume will be 39.93 trillion yuan, accounting for 3.43% of the national market, and it will be in the first echelon of the market. Profits will increase by 7.16% year-on-year. %. Actively serve the real economy, landed the country’s first science and technology innovation and transfer loan, participated in the first batch of foreign currency interbank deposit certificates issuance and investment business, further enriched foreign currency investment channels, and optimized the foreign currency asset-liability structure. Obtained the qualification to participate in business such as trial market maker in the inter-bank foreign exchange market forward swap. The scale of new gold leasing business increased by 25.1% year-on-year, and the sales of purchasing physical precious metals business increased by 25.7% year-on-year. Constructed a two-level custody operation model, with Beijing and Tianjin custody and operation sub-centers officially established, realizing centralized operation and business intensification and specialization; at the end of the year, the public fund custody scale was 148.2 billion yuan, an increase of 99.3 billion yuan or 203% over the beginning of the year , the growth rate ranks first among listed banks; the proportion of public funds has increased from 4% to 13%, and the structure of custody assets has been continuously optimized.
In 2021, Bank of Beijing will focus on key areas and strengthen process management to improve the quality and efficiency of pre-control. Implement regular monitoring of key customers and conduct multiple investigations on key businesses, and make every effort to reduce and exit large potential risks. The Bank carried out differentiated inspections of “one line, one policy” and special self-inspections in key areas, and implemented dispatched supervision to key branches. Establish contract performance monitoring and risk reporting mechanisms, strengthen risk identification and resolution, make every effort to improve the ability to prevent and pre-control potential risks, and strictly control the increase of non-performing products. Strengthen the construction of the digital risk control system, promote the improvement of the function of “Jingxing E-jingtong”, optimize the management process of the post-loan system, use the system to improve the data application ability, and improve the risk management and control ability in multiple dimensions. Intensify efforts to dispose of non-performing assets, make arrangement, combination and comprehensive application of disposal methods in light of the risk characteristics of non-performing loans, give full play to the differentiated advantages of different disposal methods, and achieve optimal disposal results. As of the end of 2021, the bank’s non-performing loan ratio was 1.44%, down 0.13 percentage points from the beginning of the year; the provision coverage ratio was 210.22%, and the provision-to-loan ratio was 3.03%. With the effective containment of incremental risks and the accelerated clearing of existing risks, Bank of Beijing’s asset quality has shown a positive trend of stability and reinforcement and long-term improvement, and continued to maintain strong risk resistance capabilities in the complex economic situation.
Led by digital transformation, the proportion of technology investment in revenue has increased to 3.5%, and the “211 Project” has shown a vivid situation of multiple breakthroughs and successive blooms. In 2021, Bank of Beijing will coordinate the construction of key digital transformation projects under the “211 Project”, and under the guidance of top-level design, will strive to build an enterprise-level business architecture system with Bank of Beijing characteristics that supports digital transformation, and will continue to consolidate scientific and technological strength, optimize business processes, Improve operational capabilities, strengthen risk control, enrich scenario ecology, and accelerate toward the development vision of “Digital Beijing Travel”. Improve digital innovation capabilities, build a batch of key technology bases with independent intellectual property rights such as “Shuntian” platform and “Yunqi” platform; develop key infrastructure such as “Jing Lake” data lake and “Jingzhi Brain”; People” multi-modal interaction system, and the role of technology in business empowerment continues to be demonstrated. The construction of mobile banking APP was strengthened, and the active level of customers continued to increase, with MAU exceeding 4 million, a year-on-year increase of 74%. Strengthen industry-university-research cooperation, carry out strategic cooperation with the Institute of Automation, Chinese Academy of Sciences, join the “Changan Chain” ecological alliance, continue to promote research and exploration of new technologies, new fields, new ecology, and new scenarios, and further accumulate strong potential for digital transformation.
Taking “people first” as the primary criterion, improve the responsibility governance system, and act as an excellent corporate citizen. As of the end of 2021, the Bank of Beijing had a loan balance of 33.5 billion yuan for key projects of Beijing-Tianjin-Hebei coordinated development, and a loan balance of 22.1 billion yuan for key “Belt and Road” projects; the balance of inclusive credit loans for small and micro enterprises was 16.2 billion yuan, and the deferred repayment of small and micro enterprises was handled. 4,769 interest payments were made with a total of 27.27 billion yuan; the green development concept was practiced, and green credit support was increased, with a green loan balance of 47.74 billion yuan, a year-on-year increase of 82.1%. In 2021, Bank of Beijing will actively promote the construction of people’s livelihood. “Campus Payment” will be connected to 81 primary and secondary schools, “Smart Medical Insurance 2.0” will cover more than 7 million insured customers, and a total of 5.82 million trade union mutual aid service cards will be issued. The “Wanyuan Plan” supports the development of rural tourism, and cooperatively issues 410 million yuan of rural revitalization bills; it undertakes social responsibilities, participates in public welfare undertakings, donates and sponsors more than 98 million yuan, and has more than 2,000 volunteers and volunteer activities for more than 2,700 hours.Return to Sohu, see more
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