Bank of Beijing Chairman Huo Xuewen has been actively engaging in business exchanges.
Late last month, Huo Xuewen and his delegation visited Liaoning Fangda Group's headquarters, holding talks with Fangda Group Chairman Fang Wei to deepen financial cooperation. Additionally, Huo led a team to China National Chemical Engineering Group, where he discussed expanding bank-enterprise collaboration and financial services with Chairman Mo Dingge.
Huo expressed hopes for further cooperation in areas such as M&A loans, asset securitization, cross-border finance, and treasury management.
As the leading city commercial bank, Bank of Beijing is eager to expand its business. The 60-year-old Huo Xuewen, who took the helm in early 2022, has seen the bank gradually lose its top position among city commercial banks.
Since 2022, Jiangsu Bank has surpassed Bank of Beijing in both revenue and net profit. By the end of September 2025, Bank of Beijing's total assets reached 4.89 trillion yuan, up 15.95% year-on-year, while Jiangsu Bank's assets grew 24.68% to 4.93 trillion yuan. Both in scale and growth rate, Bank of Beijing now lags behind.
Profitability has also weakened. In the first three quarters of 2025, the bank reported revenue of 51.588 billion yuan, down 1.08% year-on-year, while net profit attributable to shareholders rose slightly by 0.26% to 21.064 billion yuan. Although net interest income and fee-based income grew, fair value changes resulted in a loss of 1.189 billion yuan, compared to a gain of 217 million yuan a year earlier.
Beyond profitability, compliance remains a pressing issue. On November 26, the central bank imposed a fine of 25.27 million yuan (including confiscated illegal gains) on Bank of Beijing for nine violations, including breaches in account management, anti-counterfeiting regulations, fiscal fund retention, and anti-money laundering failures. Eleven responsible individuals were also fined 865,000 yuan collectively.
This follows a 5.3 million yuan penalty two months prior for inaccurate loan classification and insufficient impairment provisions. In May, three of the bank’s branches in Nanchang were fined 2.4 million yuan for credit management lapses. In just six months, the bank’s total fines exceeded 30 million yuan.
Asset quality has shown little improvement. The non-performing loan ratio stood at 1.32% in 2023, 1.31% in 2024, and 1.29% by Q3 2025. Meanwhile, the provision coverage ratio dropped to 195.79%, down 12.96 percentage points from the previous year.
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