Nan Fang Du Shi Bao·2025-09-11 23:09Core Viewpoint - Beijing Bank has been surpassed by Jiangsu Bank as the new leader among city commercial banks, marking a significant shift in the competitive landscape [4][5][12]. Financial Performance Comparison - As of mid-2025, Beijing Bank's total assets reached 4.75 trillion yuan, growing by 12.53% year-to-date, while Jiangsu Bank's total assets were 4.79 trillion yuan, with a year-on-year growth rate of 26.99% [6]. - Beijing Bank reported operating income of 36.218 billion yuan, a year-on-year increase of 1.02%, and a net profit attributable to shareholders of 15.053 billion yuan, up 1.12% [6]. - Jiangsu Bank achieved operating income of 44.864 billion yuan, a 7.78% increase, and a net profit of 20.238 billion yuan, growing by 8.05% [6]. Loan and Asset Quality - As of June 2025, Beijing Bank's total loans and advances amounted to 2.39 trillion yuan, with a growth of 8.18% year-to-date, while Jiangsu Bank's total loans reached 2.43 trillion yuan, reflecting a year-on-year growth of 15.98% [6]. - Jiangsu Bank's non-performing loan (NPL) ratio was 0.84%, a historical low, with a provision coverage ratio of 331.02%, indicating stronger asset quality compared to Beijing Bank's NPL ratio of 1.30% and provision coverage ratio of 195.74% [7][16]. Profitability and Efficiency - Jiangsu Bank's net interest margin (NIM) stood at 1.78%, compared to Beijing Bank's 1.31%, although both are on a downward trend [7]. - Despite a lower average deposit cost of 1.59% for Beijing Bank, Jiangsu Bank's average loan interest rate was significantly higher at 4.45%, indicating better asset pricing and revenue generation capabilities [7][15]. Strategic Focus and Future Outlook - Under the leadership of Chairman Huo Xuewen, Beijing Bank is focusing on technology finance and digital transformation, aiming to enhance operational efficiency and asset quality [8][10]. - Jiangsu Bank's growth strategy is deeply tied to regional economic development, particularly in the Yangtze River Delta, although this has led to a concentration risk in its loan portfolio [12][13].