BOB(601169) 南方都市报·2025-04-01 15:42Core Viewpoint - Beijing Bank has appointed Dai Wei as the new president amid challenges such as narrowing net interest margins and external operational pressures, indicating a strategic shift in leadership to address performance issues and enhance profitability [1][2]. Leadership Changes - Dai Wei, born in 1972, has extensive experience in both state-owned and joint-stock banks, having worked at China Construction Bank and China Merchants Bank before joining Beijing Bank in 2009 [1][2]. - Since its establishment, Beijing Bank has had five presidents, with the previous president, Yan Bingzhu, under investigation for serious violations, highlighting internal control issues and a lag in transformation [2][3]. Financial Performance - Beijing Bank, once a leader among city commercial banks, has seen its revenue and profit growth lag behind competitors like Jiangsu Bank and Ningbo Bank, raising questions about its "city commercial bank king" title [4][5]. - The bank's total revenue from 2019 to 2023 showed a declining growth trend, with 2024 Q3 revenue at 51.76 billion yuan, a 4.06% year-on-year increase, and net profit at 20.62 billion yuan, a 1.90% increase [5][6]. Asset Quality - The non-performing loan (NPL) ratio has decreased from 1.57% in 2020 to 1.31% in 2024 Q3, but remains higher than Jiangsu Bank's NPL ratio of 0.89% [6]. - Interest income accounted for approximately 70% of total revenue, indicating a reliance on traditional income sources [6]. Strategic Focus - Dai Wei aims to transform Beijing Bank from being large to strong by focusing on specialized and innovative enterprises, particularly in the context of supporting new economic sectors [7][8]. - The bank has already serviced 20,000 specialized and innovative enterprises, with a loan balance exceeding 100 billion yuan, indicating a commitment to fostering innovation and technology-driven growth [8].