BEIJING: Bank of Beijing, a medium-sized bank said its net profits rose 10 percent year on year to 5 billion yuan ($819.67 million) in the first quarter.
At the end of the first quarter, the quality of the bank’s assets had remained stable. It’s non-performing loan ratio was 0.93 percent at the end of March, the best among listed banks that have already disclosed their financial results for the first quarter.
In 2014, the bank’s net profits hit 15.6 billion yuan, up 16 percent year on year.
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