Nan Fang Du Shi Bao·2025-04-27 06:02Core Insights - Beijing Bank and Shanghai Bank have maintained their positions in the top three of domestic city commercial banks by total assets, with Beijing Bank ranking first and Shanghai Bank third as of the end of 2024 [2][4][6] - Both banks reported revenue growth of approximately 4.8% in 2024, but Shanghai Bank's net profit growth of 4.4% surpassed Beijing Bank's modest increase of 0.6% [6][7] - The performance disparity is attributed to Shanghai Bank's superior cost control and financial investment strategies, which significantly contributed to its revenue growth [8][10] Financial Performance - In 2024, Beijing Bank's total assets reached 4.22 trillion yuan, while Shanghai Bank's total assets were 3.23 trillion yuan, with the latter's growth rate of 4.6% being the lowest among the top five city commercial banks [4][6] - Beijing Bank's revenue was 69.92 billion yuan and net profit was 25.89 billion yuan, while Shanghai Bank reported revenue of 52.99 billion yuan and net profit of 23.56 billion yuan [5][6] - The average net interest margin for Beijing Bank was 1.47%, while Shanghai Bank's was lower at 1.17%, indicating a competitive disadvantage for Shanghai Bank in interest income [7][11] Asset Quality and Risk Management - As of the end of 2024, Beijing Bank's non-performing loan (NPL) ratio was 1.31%, higher than Shanghai Bank's 1.18%, although the latter faces potential recognition gaps exceeding 10 billion yuan [11][12] - Beijing Bank's credit impairment losses were 20.1 billion yuan, accounting for 28.8% of its revenue, while Shanghai Bank's losses were 12.45 billion yuan, representing 23.5% of its revenue [11][12] - The asset quality of both banks has shown improvement, but Shanghai Bank's approach to recognizing non-performing loans is more lenient compared to Beijing Bank [13] Operational Efficiency - In terms of employee efficiency, Shanghai Bank outperformed Beijing Bank, with per capita revenue and profit significantly higher [8][10] - Shanghai Bank's operating cost as a percentage of revenue was 23.8%, compared to Beijing Bank's 29.1%, highlighting better cost management at Shanghai Bank [10] - Both banks are investing in digital transformation to enhance operational efficiency and risk management [10]