BOB(601169) 长江商报·2025-05-19 01:01Core Viewpoint - Beijing Bank is facing ongoing challenges and scrutiny due to its involvement in the major fraud case of Kangde Xin, which has led to a lawsuit claiming significant financial damages [1][3][4]. Group 1: Legal Issues - Beijing Bank has received a notice regarding a lawsuit from Zhejiang Zhongtai Chuangying Asset Management Co., which accuses Kangde Xin of securities fraud, with a claim for damages amounting to 5.147 billion yuan [1][3]. - The lawsuit, considered one of the largest fraud cases in A-share history, has seen the jurisdiction change from Nanjing to Suzhou, but the claims remain unchanged [3][4]. - A total of 11 defendants are involved in the case, including Beijing Bank, which is expected to bear joint liability for the damages claimed [3][4]. Group 2: Financial Performance - In Q1 2025, Beijing Bank reported a revenue of 17.127 billion yuan, a decrease of 3.18% year-on-year, and a net profit of 7.672 billion yuan, down 2.44% year-on-year, indicating a lower growth rate compared to its peers [1][6]. - For the full year 2024, Beijing Bank's revenue was 69.917 billion yuan, up 4.81%, and net profit was 25.831 billion yuan, an increase of 0.81%, marking the lowest profit growth since 2021 [6]. - The bank's net interest income for Q1 2025 was 12.592 billion yuan, a decline of 1.44% year-on-year, while non-interest income showed mixed results with a significant drop in fair value changes [7]. Group 3: Market Position - Beijing Bank, once regarded as a leading city commercial bank, is now being surpassed by competitors like Jiangsu Bank and Ningbo Bank in terms of revenue and net profit [6]. - The bank's net interest margin has narrowed, indicating a slowdown compared to industry averages, which may affect its competitive position [7].