Core Viewpoint - Beijing Bank has lost its position as the leading city commercial bank, facing challenges in revenue and profit growth compared to its peers, particularly Jiangsu Bank and Ningbo Bank [1][4][5] Financial Performance - For the first three quarters of 2025, Beijing Bank reported operating income of 51.588 billion yuan, a year-on-year decrease of 1.08%, and a net profit attributable to shareholders of 21.064 billion yuan, a slight increase of 0.26% [1][3] - The bank's quarterly performance showed fluctuations, with operating income of 17.127 billion yuan, 19.091 billion yuan, and 15.370 billion yuan for the three quarters, reflecting year-on-year changes of -3.18%, +5.12%, and -5.71% respectively [3] Comparison with Peers - Jiangsu Bank surpassed Beijing Bank in both operating income and net profit by 15.595 billion yuan and 9.519 billion yuan respectively, achieving operating income of 67.183 billion yuan and net profit of 30.583 billion yuan, with year-on-year growth rates of 7.83% and 8.32% [4][5] - Ningbo Bank also outperformed Beijing Bank with operating income of 54.976 billion yuan and net profit of 22.445 billion yuan, both showing year-on-year growth of 8.32% and 8.39% [5] Asset Quality and Capital Adequacy - As of September 30, 2025, Beijing Bank's non-performing loan ratio was 1.29%, a slight decrease of 0.02 percentage points from the beginning of the year, while the provision coverage ratio was 195.79%, down 12.96 percentage points [10] - The capital adequacy ratios for Beijing Bank were reported at 12.82%, 11.87%, and 8.44% for total capital, tier 1 capital, and core tier 1 capital respectively, all showing declines from the previous year [2][10] Investment and Income Sources - The bank's investment income for the first three quarters was 9.903 billion yuan, a decrease of 3.6%, with fair value changes resulting in a loss of 1.189 billion yuan, a significant drop from a gain of 0.217 billion yuan in the previous year [6] - Interest income increased by 1.8% to 39.246 billion yuan, supported by a growth in interest-earning assets and a slight easing of margin pressure [7] Non-Interest Income - Non-interest income from fees and commissions reached 3.269 billion yuan, reflecting a year-on-year increase of 16.9%, with significant growth in personal wealth management product sales [9]

Core Viewpoint - The long-term deposit products, once considered a "stabilizing force" for investors, are gradually disappearing from the shelves of some banks, indicating a profound restructuring of the banking industry's profit logic in response to deepening interest rate marketization and a low-interest environment [1][4][8]. Group 1: Disappearance of Long-term Deposits - As of November 9, major state-owned banks and some joint-stock banks have removed 5-year large certificates of deposit (CDs) from their offerings, with banks like ICBC, ABC, and BOC no longer listing these products [2][3]. - The interest rates for commonly available 3-year large CDs are now between 1.5% and 1.75%, with some banks facing a "one order hard to find" situation due to limited availability [2][3]. - Regional banks are also tightening their long-term CD offerings, with many now focusing on shorter terms such as 1 month, 3 months, and 1 year [3][5]. Group 2: Strategic Shift in Banking - The current low net interest margin has prompted banks to lower their liability costs to maintain stable profit levels, leading to the reduction or cancellation of high-interest long-term CDs [4][7]. - Smaller banks, particularly village banks, are also halting long-term deposit products, reflecting a broader industry trend towards optimizing balance sheets in response to regulatory pressures and changing market conditions [5][7]. - The traditional banking model of high-interest deposits and low-interest loans is facing unprecedented challenges, with net interest margins dropping to historical lows [8][9]. Group 3: Future Directions - The banking sector is expected to increasingly favor short-term adjustments and flexible combinations of various financial products to enhance customer loyalty and stabilize relationships [9]. - Banks are likely to optimize their liability structures by offering more medium- and short-term deposit products, reducing the proportion of high-cost deposits, and improving overall profitability through wealth management services [9].

Core Points - Beijing Bank plans to fully redeem its preferred shares "Bei Yin You 1" on December 11, 2025, which were issued on December 11, 2015, totaling 49 million shares with a total value of 4.9 billion RMB [1][5][6] Redemption Details - **Redemption Scale**: The bank intends to redeem all 49 million shares of the preferred stock, with a par value of 100 RMB per share, amounting to a total of 4.9 billion RMB [1] - **Redemption Price**: The redemption price will include the par value of the preferred shares plus any declared but unpaid dividends [2] - **Redemption Date**: The redemption will occur on the dividend payment date, December 11, 2025 [3] - **Payment Method**: On December 11, 2025, the bank will pay the par value and the dividends accrued from December 11, 2024, to December 10, 2025, to the preferred shareholders [4] - **Redemption Procedure**: The bank's board of directors has the authority to handle all matters related to the redemption, which has been approved by the relevant regulatory authority [5]

Group 1 - Beijing Bank executed a block trade on November 7, with a transaction volume of 750,000 shares and a transaction amount of 4.6875 million yuan, at a price of 6.25 yuan, representing a premium of 10.23% over the closing price of the day [2][3] - The buyer of the block trade was CITIC Securities Co., Ltd. Shenzhen Branch, while the seller was Minsheng Securities Co., Ltd. Shenzhen Shen Nan Da Dao Technology Park Securities Branch [2] - In the last three months, Beijing Bank has recorded a total of two block trades, with a cumulative transaction amount of 10.6535 million yuan [2] Group 2 - The latest margin financing balance for Beijing Bank is 3.368 billion yuan, which has increased by 157 million yuan over the past five days, reflecting a growth rate of 4.90% [3] - In terms of institutional ratings, three institutions have provided ratings for the stock in the past five days, with the highest target price estimated by GF Securities at 6.57 yuan [3] - Beijing Bank was established on January 29, 1996, with a registered capital of 21.14298427 billion yuan [3]

Core Viewpoint - Beijing Bank announced plans to fully redeem its preferred shares issued in December 2015 by December 2025, following approval from its board and regulatory authorities [1] Group 1 - The bank issued 49 million preferred shares, raising a total of 4.9 billion RMB [1] - The preferred shares are referred to as "Bei Yin You 1" with the stock code 360018 [1] - The redemption of the preferred shares is scheduled for December 11, 2025 [1]

Group 1 - Beijing Bank's stock closed down 0.35% at 5.67 yuan on November 7, with a significant block trade of 750,000 shares totaling 4.6875 million yuan [1] - The first transaction occurred at a price of 6.25 yuan per share, with a premium rate of 10.23%, involving CITIC Securities as the buyer and Minsheng Securities as the seller [1] - Over the past three months, Beijing Bank has recorded two block trades with a total transaction value of 10.6535 million yuan, and the stock has increased by 1.43% in the last five trading days, with a net inflow of 14.7 million yuan from major funds [1]

证券代码：601169 证券简称：北京银行 公告编号：2025-053 优先股代码：360018 优先股简称：北银优 1 近日，本行收到国家金融监督管理总局北京监管局的复函，对本 行赎回本次优先股无异议。本行拟于 2025 年 12 月 11 日全额赎回本 1 次优先股。 本行将依照有关法律法规及本次优先股发行文件的规定，向相关 监管机构办理其他申请手续，并及时履行信息披露义务。 北京银行股份有限公司 关于拟赎回优先股的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 北京银行股份有限公司（以下简称"本行"）于 2015 年 12 月 11 日非公开发行 0.49 亿股优先股（以下简称"本次优先股"），发行规 模为人民币 49 亿元。本行董事会于 2025 年 10 月 29 日审议通过了《关 于行使"北银优 1"优先股赎回权的议案》，该议案有效表决票 12 票， 同意 12 票，反对 0 票，弃权 0 票。本行董事会同意在取得国家金融 监督管理总局北京监管局等监管机构批准的前提下，按照优先股募集 说明书约定的赎回价 ...

证券代码：601169 证券简称：北京银行 公告编号：2025-054 优先股代码：360018 优先股简称：北银优 1 北京银行股份有限公司 关于赎回优先股的第一次提示性公告 本次优先股的赎回价格为本次优先股的票面金额加当期已宣告 且尚未支付的优先股股息。 三、赎回时间 2025 年本次优先股派息日，即 2025 年 12 月 11 日。 四、付款时间及方法 本行于 2025 年 12 月 11 日向本次优先股股东支付其所持有的优 先股票面金额和 2024 年 12 月 11 日至 2025 年 12 月 10 日持有期间的 1 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗 漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 北京银行股份有限公司（以下简称"本行"）于 2015 年 12 月 11 日非公开发行 0.49 亿股优先股（以下简称"本次优先股"），发行规 模为人民币 49 亿元，优先股简称"北银优 1"，优先股代码为 360018。 经本行董事会审议通过，并报国家金融监督管理总局北京监管局审核 无异议，本行拟于 2025 年 12 月 11 日全额赎回本次 ...

Core Viewpoint - Beijing Bank plans to fully redeem its preferred shares issued in December 2015, amounting to RMB 4.9 billion, on December 11, 2025, following approval from regulatory authorities [1] Group 1: Redemption Details - The company issued 49 million preferred shares in a private placement on December 11, 2015, with a total issuance size of RMB 4.9 billion [1] - The board of directors has agreed to exercise the redemption right for the preferred shares at the agreed redemption price as per the offering document [1] - The company has received a response from the Beijing Regulatory Bureau of the National Financial Supervisory Administration, indicating no objections to the redemption [1]

Core Insights - Beijing Bank executed a block trade of 750,000 shares on November 7, with a transaction value of 4.6875 million yuan, representing 0.47% of the total trading volume for the day [1] - The transaction price was 6.25 yuan per share, which is a premium of 10.23% compared to the market closing price of 5.67 yuan [1] Summary by Categories Trading Activity - The block trade involved 750,000 shares of Beijing Bank, with a total transaction amount of 4.6875 million yuan [1] - The trade accounted for 0.47% of the total trading volume on that day [1] Pricing Information - The executed price for the shares was 6.25 yuan, reflecting a premium of 10.23% over the closing price of 5.67 yuan [1]