Profile of China Bohai Bank
China Bohai Bank (the “Bank”) is the first national joint-stock commercial bank founded with the approval of the State Council since 1996. It is also the first Chinese-funded commercial bank introducing overseas strategic investors at the establishment stage and the first national joint-stock commercial bank headquartered in Tianjin. The Bank was set up by its seven shareholders, namely, TEDA Investment Holding Co., Ltd., Standard Chartered Bank (Hong Kong) Limited, China Ocean Shipping (Group) Company, State Development & Investment Corporation, Baosteel Group Corporation, Tianjin Trust Co., Ltd. and Tianjin Shanghui Investment (Holding) Co., Ltd., with the total registered capital of RMB8.5 billion. The Bank was established on December 30, 2005 and was officially opened in February, 2006. As at December 31, 2014, the Bank had 17 tier-1 branches, 14 tier-2 branches and 89 sub-branches.
China Bohai Bank has been adhering to the philosophy of “prudent operation and sound development” ever since its establishment. It has clearly put forward the business strategy of “intensive operation, specialized management and integrated development”, continuously brought into play its advantages as a late comer and in internationalized development, as well as its policy advantages for the pilot program of comprehensive and coordinated reform in Binhai New Area, and fulfilled its objectives set in the First Five-Year Plan, showing sound momentum of continuous, healthy and rapid growth. In its Second Five-Year Plan, China Bohai Bank has been pursuing harmonious and coordinated growth in values of shareholders, customers, employees and society. It has also developed the long-term vision of building a modern bank with sound corporate governance, legal and regulatory compliance, distinct business features and excellent performance.
As at the end of 2014, the Bank’s total assets and total liabilities amounted to RMB667,148 million and RMB637,651 million respectively, representing a respective increase of 17.41% and 17.21% over the beginning of the year. Net profit stood at RMB5,031 million, up by 10.28% over the previous year. NPL ratio stood at 1.20%. The Bank ranked 230th in overall strength among top 1000 world banks issued by The Banker, up by 48 places, ranked 63th in overall strength and 49th in competitiveness among Asian banks in the Asian Banker Top 500, up by 11 and 3 places respectively.