北京银行股份有限公司（以下简称"本行"）副行长韩旭先生因 工作调动，向本行董事会提交辞呈，辞去其所担任的副行长职务。韩 旭先生的辞任自辞呈送达本行董事会之日起生效。 经韩旭先生确认，其与本行董事会无不同意见，亦无任何与其辞 任有关的事项需要通知本行股东。 证券代码：601169 证券简称：北京银行 公告编号：2024-020 北京银行股份有限公司关于副行长辞任的公告 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。 本行董事会谨此对韩旭先生担任本行有关职务期间为本行做出 的贡献表示衷心感谢。 特此公告。 北京银行股份有限公司董事会 2024 年 5 月 9 日 ...

Investment Rating - The report maintains a "Buy" rating for Bank of Beijing with a target price of 6.50 CNY, corresponding to a 0.52x PB for 2024 [3][5]. Core Views - The performance of Bank of Beijing in Q1 2024 exceeded expectations, with rapid growth in deposits and loans, further optimization of the asset-liability structure, and stable asset quality [3]. - The bank's revenue in Q1 2024 grew by 7.8% year-on-year, primarily due to a low base in the same period of 2023 and a significant increase in investment income, which drove other non-interest income to grow by over 50% [3]. - The net profit for Q1 2024 increased by 5% year-on-year, despite pressures on net interest margins [3]. Summary by Sections Financial Performance - Q1 2024 total assets increased by 11.2% year-on-year, with loans growing by 11.6%, mainly driven by corporate loans, leading to an increase in the loan-to-asset ratio to 54.4% [3]. - Deposits grew by 9.3% year-on-year, with the deposit ratio in total liabilities rising to 61.3% [3]. - The bank's net profit forecast for 2024-2026 is projected to grow at rates of 1.96%, 3.55%, and 4.92%, respectively, with corresponding EPS of 1.08, 1.12, and 1.19 CNY [3][4]. Asset Quality - As of the end of Q1 2024, the non-performing loan ratio decreased by 1 basis point to 1.31%, while the provision coverage ratio fell by 3.7 percentage points to 213.1% [3]. - The loan loss provision ratio decreased by 7 basis points to 2.79%, indicating stable asset quality metrics [3]. Valuation Metrics - The report provides a financial summary indicating a projected net profit of 26,126 million CNY for 2024, with a slight increase in net interest income and a stable cost-to-income ratio [4][10]. - The bank's market capitalization is reported at 117,978 million CNY, with a current stock price of 5.58 CNY [5][7].

Investment Rating - The investment rating for the company is "Recommended" [1] Core Views - The company has shown a significant recovery in revenue growth, with a 7.8% year-on-year increase in Q1 2024, compared to only 0.7% in the same period of 2023. This improvement is primarily driven by a rebound in non-interest income, which increased by 51% year-on-year, benefiting from a decline in bond yields [3][5] - The company's net profit attributable to shareholders for Q1 2024 was 78.6 billion yuan, reflecting a 5.0% year-on-year growth, which is an improvement of 1.5 percentage points compared to the previous year [2][3] - The total assets of the company reached 3.89 trillion yuan by the end of Q1 2024, marking a 3.89% increase since the beginning of the year, with loans and deposits growing by 5.18% and 5.36% respectively [2][3] Summary by Relevant Sections Financial Performance - The company reported a net operating income of 177 billion yuan in Q1 2024, with a year-on-year growth of 7.8% [2][3] - The net interest income increased by 1.9% year-on-year, showing a recovery from a decline of 2.2% in the previous year [3][6] - The return on equity (ROE) is projected to decline slightly from 11.1% in 2022 to 10.4% in 2024, with earnings per share (EPS) expected to grow from 1.17 yuan in 2022 to 1.27 yuan in 2024 [2][5] Asset and Liability Management - The company has optimized its asset-liability structure, with a net interest margin of 1.37% in Q1 2024, a slight decrease of 5 basis points from the previous quarter [3][5] - Total loans increased to 2.12 trillion yuan, representing a year-on-year growth of 11.6% [6][8] - Customer deposits reached 2.18 trillion yuan, with a year-on-year growth of 9.3% [6][8] Future Outlook - The company is expected to continue its retail transformation, which has led to improved income and asset structure. The forecast for EPS growth is 4.6% in 2024, 5.4% in 2025, and 6.5% in 2026 [5][8] - The stock is currently trading at a price-to-book (P/B) ratio of 0.44x for 2024, indicating a sufficient margin of safety in valuation [5][8]

Financial Performance - Net profit attributable to shareholders of the parent company was RMB 7,864 million, up 4.94% year-on-year[4] - Basic earnings per share increased to RMB 0.37, compared to RMB 0.35 in the same period last year[4] - Operating revenue for the period was CNY 176.90 billion, a year-on-year increase of 7.85%, with net profit attributable to shareholders at CNY 78.64 billion, up 4.95%[17] - Total operating income for Q1 2024 reached RMB 17,690 million, an increase of 7.85% compared to RMB 16,403 million in Q1 2023[45] - Net profit for Q1 2024 was RMB 7,667 million, representing a year-on-year increase of 4.9% from RMB 7,306 million[51] Asset and Liability Management - Total assets reached RMB 3,894,665 million, an increase of 3.89% compared to the end of the previous year[3] - The bank's total liabilities increased to RMB 3,556,955 million, a rise of 3.99% from RMB 3,420,447 million in Q1 2023[44] - Total assets reached CNY 3.89 trillion, an increase of 3.89% year-to-date, while total liabilities grew to CNY 3.56 trillion, up 3.99%[17] - The bank's total equity increased to RMB 334,199 million, up from RMB 324,946 million at the end of 2023[50] Loan and Deposit Growth - The loan balance stood at CNY 2.12 trillion, reflecting a growth of 5.18% year-to-date, with loans accounting for 54.43% of total assets, an increase of 0.67 percentage points[17] - Total deposits reached CNY 2.18 trillion, growing by 5.36% year-to-date, with deposits comprising 61.31% of total liabilities, up 0.80 percentage points[18] - Customer deposits grew to RMB 2,211,347 million, reflecting an increase of 5.26% from RMB 2,101,031 million year-over-year[44] Risk Management - Non-performing loan ratio improved to 1.31%, a decrease of 0.01 percentage points from the previous year[3] - The provision coverage ratio decreased to 213.13%, down 3.65 percentage points from the previous year[3] - The bank's asset impairment losses for Q1 2024 were RMB 3,709 million, up from RMB 2,970 million in the same period last year[51] Capital and Liquidity - The bank's equity attributable to shareholders reached RMB 336,374 million, a 2.89% increase from the previous year[3] - The core Tier 1 capital ratio is 9.11% as of March 31, 2024, compared to 9.21% at the end of 2023[13] - The liquidity coverage ratio is reported at 120.39% with high-quality liquid assets amounting to 474,136.74 million RMB[15] Customer Engagement and Digital Transformation - The number of retail customers reached 29.42 million, an increase of 332,000 year-to-date, with VIP customers surpassing 1 million, contributing 86% to net AUM growth[20] - Digital banking customer base reached 16.32 million, a year-on-year increase of 14.85%, with mobile banking transactions amounting to CNY 586.2 billion, up 6.0%[25] - The bank's cash management platform "Cash Steward" was launched, enhancing service integration with supply chain finance[37] Strategic Initiatives and Growth Areas - The company aims to achieve high-quality development across various business sectors[16] - The bank's strategic focus on serving local economies and SMEs led to a 0.58% increase in cooperation rates with state-owned enterprises[34] - The bank launched a series of measures to support "专精特新" enterprises, enhancing financial services throughout their lifecycle[35] Investment and Financial Markets - The bond underwriting scale exceeded CNY 100 billion for the first time, marking a historical high for the same period[39] - Financial market management business scale reached CNY 3.92 trillion, growing by 5.61% since the beginning of the year[40] - The bank's financial investment totaled CNY 1.31 trillion, reflecting a stable growth in financial assets[43]

近日，北京银行发布2023年全年业绩。 数据显示，截至2023年末，北京银行资产总额3.75万亿元，较年初增长10.65%，规模继续保持城商行首 位。 实现营业收入667.11亿元，同比增长0.66%；实现归母净利润256.24亿元，同比增长3.49%。 北京银行成立于1996年，总部位于北京，是目前国内资产规模最大的城市商业银行。 2007年9月19日，北京银行在上海证券交易所主板上市，并迈入发展快车道。 公开数据显示，从2007年到2016年，上市十年时间，该行的净利润便从33.48亿元一路飙升至178.02亿 元，增速高达432%。其总资产更是从2007年末的3542亿元，增长至2016年末的21163亿元，增幅 497%。 如今，北京银行经营网络已覆盖北京、天津、上海、长沙、乌鲁木齐等全国十余多个中心城市，形成了 以商业银行为主体，覆盖消费金融、人寿保险、金融租赁、基金、理财等多个领域的综合金融服务平 台。 值得一提的是，2023 年，按一级资本在英国《银行家》杂志全球千家大银行排名，北京银行排名 第 53 位；在世界品牌实验室发布的《中国500 最具价值品牌》榜单中，该行又以 876 亿元的品牌价值 ...

公[T司abl点e_H评ea报der告] ●银行业 2024年 4月 17日 [Table_Title] [Table_StockCode] 北京银行(601169) 盈利稳健增长，扩表动能强劲 [Table_InvestRank] 推荐 维持评级 核心观点： 分析师 [T abl事e_S件u：mm公a司ry]发 布了 2023年年度报告。 [张Ta一b纬le_ Authors] ：010-80927617  盈利保持稳健增长：2023 年，公司实现营业收入 667.11 亿元，同比增长 ：zhangyiwei_yj@chinastock.com.cn 0.66%；实现归属于母公司股东净利润 256.24亿元，同比增长 3.49%，ROE 分析师登记编码：S0130519010001 为 9.32%，总体保持稳健。  存贷款规模扩张动能强劲，净息差存在改善空间：2023年，公司实现利 息净收入 503.50亿元，同比下降 2.15%，主要受 LPR下调、贷款重定价和 房贷加点上限调整等因素影响，贷款收益率持续下降给息差带来下行压力。 2023年，公司净息差 1.54%，同比下降 22BP，生息资产和 ...

详解北京银行2023年报：业绩稳健增长，不良率继续下行 北京银行(601169)/银行 证券研究报告/公司点评 2024年4月15日 [Table_Industry] [评Ta级ble：_T增itle持] (首次覆盖) [公Ta司ble盈_F利in预anc测e]及 估值 市场价格：5.60 指标 2022A 2023A 2024E 2025E 2026E 营业收入（百万元） 66,236 66,674 68,668 70,759 73,219 分析师 戴志锋 增长率yoy% 0.00% 0.70% 3.00% 3.00% 3.50% 执业证书编号：S0740517030004 净利润（百万元） 24,760 25,624 27,236 29,045 30,650 Email：daizf@zts.com.cn 增长率yoy% 11.40% 3.50% 6.30% 6.60% 5.50% 每股收益（元） 0.31 0.6 0.35 0.37 0.43 分析师 邓美君 每股现金流量 执业证书编号：S0740519050002 净资产收益率 11.06% 10.68% 10.68% 10.69% 10.27% Ema ...

[Table_Page] 年报点评|城商行Ⅱ 证券研究报告 [北Table_京Title] 银行（601169.SH） [公Tab司le_评Inve级st] 买入 当前价格 5.66元 息差稳定，其他非息高增 合理价值 6.59元 前次评级 买入 [ 核Tab 心le_S 观umm 点ary] ： 报告日期 2024-04-12 ⚫ 北京银行发布2023年报，我们点评如下：23年营收、PPOP、归母净 [相Tab对le_P市icQ场uote表] 现 利润同比分别增长 0.7%、-3.1%、3.5%，增速较 23Q1~3 分别变动 +3.87pct、+6.14pct、-1.01pct。从累计业绩驱动来看，规模扩张、拨 40% 28% 备计提和其他收支是主要正贡献，净息差、净手续费收入以及成本收入 15% 比上升等因素形成拖累。 3% ⚫ 亮点：（1）资产规模稳步扩张。公司23年生息资产同比增长11%，增 -10%04/23 06/23 08/23 10/23 12/23 02/24 04/24 -22% 速同比上升0.63pct。贷款同比增长12%，增速同比上升4.73pct，其 北京银行 沪深300 中对公贷 ...

股 票 研 究 [Table_industryInfo] 商业银行/金融 [ Table_Main[ITnafbol]e _Title] [评Tab级le_：Inv est] 增持 北京银行(601169) 上次评级： 增持 营收增速回正，零售转型效果凸显 目标价格： 6.50 公 上次预测： 5.50 ——北京银行2023 年报业绩点评 司 当前价格： 5.60 更 刘源(分析师) 钟昌静(研究助理) 2024.04.14 新 021-38677818 010-83939787 [交Ta易bl数e_M据a rket] 报 liuyuan023804@gtjas.com zhongchangjing028678@gtjas.com 52周内股价区间（元） 4.30-5.74 告 证书编号 S0880521060001 S0880123070141 总市值（百万元） 118,401 总股本/流通A股（百万股） 21,143/21,143 本报告导读： 流通 B股/H股（百万股） 0/0 北京银行2023年报业绩基本符合预期。2023年营收增速回正，信贷增长强劲，零售 流通股比例 100% 转型效果凸显，零售条线 ...

Investment Rating - The report maintains a "Buy" rating for Beijing Bank [6] Core Views - Revenue growth shows strong performance, with 2023 revenue and net profit attributable to shareholders increasing by 0.7% and 3.5% year-on-year, respectively [4][6] - The retail transformation is accelerating, and regional layout optimization is evident, with total assets growing by 10.6% year-on-year and loan growth at 12.3% [4][5] - Asset quality continues to improve, with the non-performing loan ratio decreasing from a peak of 1.57% in 2020 to 1.32% in 2023 [5][6] Summary by Sections Revenue and Profitability - In 2023, Beijing Bank achieved operating income of 66.711 billion yuan and net profit of 25.624 billion yuan, reflecting year-on-year growth of 0.66% and 3.49%, respectively [3][4] - The weighted average return on equity (ROE) for 2023 was 9.32% [3] Loan Growth and Asset Quality - Total loan growth was 12.3%, with corporate and retail loan growth rates at 16.6% and 9.8%, respectively [4][5] - New loans in 2023 amounted to approximately 218.2 billion yuan, with corporate loans contributing 76% of the increase [4][5] - The non-performing loan ratio improved to 1.32%, with a provision coverage ratio of 217% [5][6] Retail Transformation and Interest Margin - Retail loan yield increased, with the net interest margin remaining stable at 1.54% compared to the first half of 2023 [4][5] - The bank's focus on consumer loans led to a 50% year-on-year increase in consumer loans, contributing significantly to overall loan growth [4][5] Dividend and Earnings Forecast - The dividend per share for 2023 was 0.32 yuan, with a total cash dividend of 6.766 billion yuan, resulting in a cash dividend rate of 30.28% [5][6] - Earnings per share (EPS) forecasts for 2024 and 2025 have been slightly adjusted to 1.23 yuan and 1.24 yuan, respectively [6]