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.
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In 2014, the bank’s net profits hit 15.6 billion yuan, up 16 percent year on year.
