Bank of Beijing Co., Ltd.

China
Asia Pacific

https://www.bankofbeijing.com.cn/

Industry:Banking
Date joined:14 July, 2022
Initiatives:Principles for Responsible Banking

Company Profile

Established in 1996, Bank of Beijing grasps the opportunities of this era and has achieved several development milestones, including introducing overseas strategic investors, public listing, and geographic expansion. The Bank has over 650 branches in not only over 10 major domestic cities, including Beijing, Tianjin, Shanghai, Xian, Shenzhen, Hangzhou, Changsha, Nanjing, Jinan, Nanchang, Shijiazhuang, and Urumqi, but also in Hong Kong Special Administrative Region and the Netherlands. The success of Bank of Beijing has established a classic pattern for innovative development of small- and medium-sized banks. In this new era, focusing on the three tasks of “serving the real economy, preventing financial risks, and deepening financial reform”, Bank of Beijing strengthens the guidance of the Party building, sticks to compliant operation in accordance with the law, speeds up digital transformation, enhances comprehensive risk management and control, and steadily promotes high-quality development of all the businesses.

As of the end of 2021, Bank of Beijing’s total assets amounted to RMB 3.06 trillion, making it the first city commercial bank in China with assets exceeding RMB 3 trillion. The net profit attributable to the parent company registered RMB 22.226 billion, a year-on-year increase of 3.45%, and the profitability remained stable. The Bank issued RMB-60-billion perpetual bonds, substantially increasing the tier 1 capital adequacy ratio by 3.17 percentage points, and its tier-1 capital ranked 62nd among the world’s top 1,000 banks. It was also listed as one of China’s domestic systemically important banks (D-SIBs) and its industry status and brand influence continued to improve.

With its outstanding performance and excellent financial products and services, Bank of Beijing has received high praise from the public and several honors such as “National Exemplary Unit”, “Top 10 Listed Banks in Asia”, and “The Best City Commercial Retail Bank in China”, “Best Regional Bank”, “Best Contribution for Supporting SMEs”, “Best Bank with Service for People’s Livelihood”, “Top 100 Chinese Listed Companies”, “Outstanding Chinese Companies for Social Responsibility”, “Listed Companies with the Most Sustainable Investment Value”, “Most Respectable Enterprise in China”, “Most Respectable Bank”, “Most Trustworthy Banking Institution of the People”, “China’s Outstanding Corporate Citizen”, and “Best Bank in Internet Finance” etc.

Corporate Social Responsibility and Sustainable Development

Since its establishment, Bank of Beijing has been giving back to society with gratitude, actively fulfilling its social responsibilities, strengthening communication with customers, shareholders, employees, the environment, and other stakeholders, and exploring the best path for sustainable development of the environment, society, and governance. Bank of Beijing has released social responsibility reports to the public for 14 consecutive years and has achieved good performance in many aspects, such as strengthening responsibility governance, serving the real economy, supporting rural revitalization developing green finance, caring for employees’ growth, and practicing charity thus realizing a harmonious and win-win situation between the enterprise and
society.

Adhering to the concept of promoting green and low-carbon economic development, Bank of Beijing has built green finance into a featured financial brand. It fully implemented the green development strategy, made constant efforts to upgrade the organizational structure, policy system, and product matrix around green finance, and keenly explored a unique way toward green banking. It optimized credit resource allocation, bolstered environmental risk management, enhanced environment-related information disclosure, and raised brand awareness of green financing. It tried to reduce the carbon footprint and built an energy-saving bank by advocating “green procurement, green office, and waste sorting”, carrying out green facilities construction and renovation, and building up green policies and managerial systems.

Signing the Principles for Responsible Banking will help Bank of Beijing strengthen exchanges with advanced international peers, give full play to the professional expertise as a financial institution, continue to explore the development path of green finance, and fuel the early achievement of carbon peaking and carbon neutrality goals.