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Bank of Beijing
China
1996 (29 Years)
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What are the differences in regulations for each
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A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Bank of Beijing
Company Information
Get to know Bank of Beijing
Established in 1996, Bank of Beijing is a Sino-foreign joint stock commercial bank. Relying on the prosperous domestic economy, the Bank has achieved several milestones, including introducing overseas strategic investors, public listing, geographic expansion and business mixed operation. Currently, the Bank has set up over 300 branches in Beijing, Tianjin, Shanghai, Xi’an, Shenzhen, Hangzhou, Changsha, Nanjing, Jinan and Nanchang. The Bank also initiated the establishment of BOB Yanqing Village Bank, BOB Wencheng Village Bank and BOB Nong’an Village Bank, set up representative offices in Hong Kong and Amsterdam, initiated Bank of Beijing Consumer Finance Company – the first consumer finance operation in China, established insurance joint venture ING-BoB Life Insurance as one of the first pilot, set up Bank of Beijing Scotiabank Asset Management Company andBoB Financial Leasing Company. The success of Bank of Beijing has established a classic development pattern for small/medium-sized banks. As of 2014 Sep-end, Bank of Beijing’s total assets balance was RMB 1.49 trillion. Net profit achieved 12.6 billion Yuan, with a cost/income ratio at only 23.49%. It’s ROA and ROE was 1.19% and 19.76% respectively. NPL ratio was 0.76% while provision coverage ratio was 336.75% and CAR 10.19%. The Bank holds a brand value of 20.136 billion Yuan and ranks No.99 in terms of tier1 capital on the latest World Top1000 Banks list, becoming the world Top-100 for the first time. It creates leading performance of all financial indicators internationally. The Bank has built its Excellence in terms of profit per capita and asset quality. Throughout the past 19years, Bank of Beijing has always been active in fulfilling its social responsibility. It has donated a total of more than 100 million Yuan to support public welfare such as medical care, education and other charity activities. With the outstanding performance and excellent products and services, Bank of Beijing is highly appraised by the public. The Bank received several honors such as “National Civilized Units”, “Top-10 Listed Banks in Asia”, “The Best City Commercial Retail Bank in China”, “Best Regional Bank”, “Best Contribution for Supporting SMEs”, “Best Bank with Service for People’s Livelihood”, “Top100 Chinese Listed Companies”, “Outstanding Chinese Companies for Social Responsibility”, “Listed Companies with Most Sustainable Investment Value”, “Most Respectable Bank”, “Most Trustworthy Banking Institution by Citizens” and “China’s Outstanding Corporate Citizens” etc.
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- Financial BankingPRIMARY
- Financial Other Service
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