Bank of Beijing's H1 revenue and net profit both increased by over 5%, while total assets decreased by 3.95% to 4.74 trillion yuan. The new management team proactively adjusted its business strategy.
Bank of Beijing released its interim report, showing that in the first half of the year, it achieved operating revenue of 38.248 billion yuan and net profit attributable to the parent company of 15.9 billion yuan, representing year-on-year increases of 5.60% and 5.63%, respectively. As of the end of June, the bank's total assets fell to 4.74 trillion yuan, a decrease of 3.95% from the beginning of the year. The new leadership team (Chairman Guan Wenjie and President Dai Wei) stated that this adjustment was a proactive reduction in interbank and financial market activities, aiming to concentrate credit resources in technology, green industries, and corporate sectors. Concurrently, the non-performing loan ratio improved by 2 basis points quarter-on-quarter to 1.30%. The bank also plans to distribute a cash dividend of 1.30 yuan per 10 shares, totaling approximately 2.749 billion yuan.
Source:华尔街见闻 · Source Link
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