With the approval of the People's Bank of China, Bank of Beijing was established on 1996. Before its name change, it was Beijing Urban Cooperative Bank, which was formed by the merger of 90 credit cooperatives. At present, the business of Bank of Beijing is mainly oriented to enterprises, but it is planned that retail finance business will be the primary driving force to promote the development of banks in the future.
At present, Bank of Beijing is the second largest city bank in China and the third largest bank in Beijing. It has more than 3,600 employees and provides services to individual and corporate customers through its 1 16 branch. At the same time, Bank of Beijing has also set up 272 ATMs in its coverage outlets, and established a fast-growing e-banking business.
"Renaming, reorganization, investment promotion and listing" is the "four steps" for Bank of Beijing to accelerate its development. Last year, Bank of Beijing successfully implemented a series of reform measures such as renaming, attracting investment and issuing subordinated bonds. By the end of 2005, the capital adequacy ratio of Bank of Beijing had reached over 1 1%.
By the end of 2005, the total assets of Bank of Beijing were 233 billion yuan, the balance of deposits was 2 172 billion yuan, and the balance of loans was12 billion yuan. Among the top global banks 1000 in 2005 selected by The Banker magazine in the 7th issue of 2005, Bank of Beijing ranked 43rd1in tier 1 capital. In the same year, among the top 500 Chinese enterprises in china enterprise confederation in 2005, Bank of Beijing ranked 299th and ranked among the top 500 service industries11.
Since its establishment ten years ago, Bank of Beijing has actively explored effective ways to replenish capital, continuously promoted the work of increasing capital and shares, and made every effort to replenish core capital. While actively attracting domestic enterprises to become shareholders, foreign investors were also introduced, with the final contribution reaching 24.9% and the contribution reaching 2.38 billion yuan.
Approved by the China Banking Regulatory Commission, the bank's business scope mainly includes: absorbing public deposits; Issue short-,medium-and long-term loans; Handle domestic settlement; Handle bill discount; Issuing financial bonds; Acting as an agent to issue, honor and underwrite government bonds; Buying and selling government bonds; Engage in interbank lending; Provide guarantee; Acting for payment and insurance agency business; Provide safe deposit box business; Handling the entrusted deposit and loan business of local financial credit working capital; Foreign exchange deposits; Foreign exchange loans; Foreign exchange remittance; Foreign currency exchange; Inter-bank foreign exchange lending; International settlement; Settlement and sale of foreign exchange; Acceptance and discount of foreign exchange bills; Foreign exchange guarantee; Credit investigation, consultation and witness business; Buying and selling foreign currency securities other than stocks and acting as an agent; Self-operated and valet foreign exchange transactions (under spot); Other businesses approved by China Banking Regulatory Commission.