Bank of Beijing Co., Ltd. (abb. BOB) is an urban commercial bank based in Beijing, China. According to the bank, most of the revenue came from Beijing,[3]: 16–17 despite that the banking group had more than half of the branches located outside the direct-controlled municipality (As of 31 December 2017[update], 302 out of 559 branches were located outside Beijing).[3]: 23–24 Beijing Municipal People's Government and the Netherlands-based multinational bank ING Bank were the major shareholders of the bank.
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Company type | Public | ||||||||
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ISIN | CNE100000734 | ||||||||
Industry | Financial services | ||||||||
Founded | 29 January 1996 (1996-01-29) | ||||||||
Headquarters |
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China
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Number of locations | 561 branches and representative offices (end 2017) | ||||||||
Area served |
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Key people |
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Services |
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Revenue | ![]() | ||||||||
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Total assets | ![]() | ||||||||
Total equity | ![]() | ||||||||
Owner |
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Chinese name | |||||||||
Simplified Chinese | 北京银行股份有限公司 | ||||||||
Traditional Chinese | 北京銀行股份有限公司 | ||||||||
Literal meaning | Beijing Bank, Company Limited by Shares | ||||||||
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Chinese short name | |||||||||
Simplified Chinese | 北京银行 | ||||||||
Traditional Chinese | 北京銀行 | ||||||||
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Capital ratio | ![]() | ||||||||
Rating | BB+ (Fitch, September 2017)[1][2] | ||||||||
Website | www | ||||||||
Footnotes / references inconsolidated financial statement[3] |
As of April 2018[update], the bank, as a listed company, is a constituent of SSE 180 Index,[4] as well as its sub-index, the blue chip SSE 50 Index.[5] It was also part of pan-China indexes such as FTSE China A50 Index[6] and CSI 100 Index.
The bank, initially known as 北京城市合作银行, was incorporated on 29 January 1996.[3][7] (or founded on 8 January 1996 according to another source;[8] the establishment of the bank was approved by various departments in June–December 1995.[7]) The bank was founded as a holding company for the credit unions (Chinese: 城市信用社) in the city. However, in 1997, it was discovered that one of the former credit union of the banking group in Zhongguancun, had an accounting scandal with a huge deficit.[9] The manager of that branch was arrested in 2011 and was sentenced 14 years imprisonment in 2012;[10] the governor of that branch was arrested in 1998 and was sentenced capital punishment in 2003.[11]
It was known as 北京市商业银行 (literally Beijing City Commercial Bank) since 1998,[8] as one of the licensee of urban commercial bank (Chinese: 城市商业银行). In 2004, China Banking Regulatory Commission approved the renaming to Bank of Beijing (Chinese: 北京银行).[12] It became effective on 1 January 2005.[13]
In 2005, the bank became a Sino-foreign joint venture, which ING Group purchased 19.9% shares of the bank.[14] On 19 September 2007, the bank became a listed company on the Shanghai Stock Exchange.[4][7][15] The bank also purchased a Sino-foreign joint venture insurance company, which was previous known as ING Capital Life Insurance in 2010, from municipal-owned Beijing Capital Group.[16] As of 31 December 2017[update], the bank still owned 50% stake of the insurer,[3] which now known as BOB-Cardif Life.[17] Despite that it was now a joint venture of the bank and French multinational company Cardif, the insurer was still known as 中荷人寿 in Chinese,[3] literally Sino-Dutch Life Insurance.
In December 2017, ING subscribed the capital increase of the bank, despite that the ownership ratio of the ordinary shares was still diluted from 13.6% to 13.0%.[18] Before the capital increase, Beijing municipal government only owned 8.84% shares via Beijing State-owned Assets Management, as well as additional 5.08% via Beijing Energy Investment Holdings.[19] However, it also caused a minor controversy in 2013, as Ren Zhiqiang (Chinese: 任志强), an independent director of the bank, accused the State-owned Assets Supervision and Administration Commission (SASAC) of Beijing municipal government[nb 1] had influenced the election of the supervisory board (Chinese: 监事会) of the bank, which Qiang Xin (Chinese: 强新), the deputy of Beijing SASAC was elected as the chairwoman of the supervisory board (Chinese: 监事长), replacing Shi Yuan (Chinese: 史元). Qiang also served as the Deputy Party Committee Secretary of the bank since 2010.[20][21] Qiang was succeeded by Zeng Ying (Chinese: 曾颖) in 2016; she was the deputy of Beijing Bureau of China Banking Regulatory Commission in 2011.[19]
The bank also faced another minor scandal in February 2015, in which a director of the bank, Lu Haijun (Chinese: 陆海军) was under investigation for corruption.[22] He was dismissed by the shareholders' meeting during 2015.[23] Since 2008, Lu was also the chairman of Beijing Energy Investment Holdings, a shareholder of the bank.[24] Lu was sentenced 11 years imprisonment for his crime as the manager of Beijing Energy Investment Holdings in 2016.[25]
Beijing Municipal People's Government [zh] and the Netherlands-based multinational bank ING Bank were the major shareholders of the bank. As of 31 December 2017[update], ING owned 13.03%, Beijing municipal government, via Beijing State-owned Assets Management, owned 8.63% ordinary shares, as well as additional 8.59% shares owned via Beijing Energy Investment Holdings. The third largest shareholder, Macro-Link Holding (Chinese: 新华联控股), was a private company.[29]
The bank was ranked as the 73rd in the world (and 15th in the mainland China) in 2017 Top 1000 World BanksbyThe Banker magazine, in terms of banks' equity;[30] The bank was ranked 155th in 2010 (12th inside the mainland China).[31] and 77th in 2016 in Top 1000 World Banks.[32]
上市日(A股/B股) 2007-09-19/-