Bank of Beijing Co. Ltd. posted an 8.56% year-over-year rise in net profit for the first half.
The company on Aug. 27 reported first-half net profit attributable to equity holders of 12.87 billion yuan, up from 11.85 billion yuan in the prior-year period. EPS climbed to 58 fen from 54 fen.
Net interest income grew year over year to 24.05 billion yuan from 21.43 billion yuan, while net fee and commission income fell to 5.30 billion yuan from 5.61 billion yuan.
Operating income rose to 32.74 billion yuan from 27.37 billion yuan, while operating profit increased to 15.98 billion yuan from 14.25 billion yuan.
Asset impairment losses came to 10.37 billion yuan for the first half, up from 6.81 billion yuan in the prior-year period.
The company's nonperforming loan ratio came to 1.45% as of June-end, down from 1.46% as at Dec. 31, 2018.
As of June 30, the company's capital adequacy ratio clocked in at 12.09%, up from 12.07% at the end of 2018. Over the same period, the lender's core Tier 1 ratio climbed to 9.03% from 8.93%, while its Tier 1 ratio grew to 9.92% from 9.85%.
As of Aug. 27, US$1 was equivalent to 7.16 Chinese yuan.
