October 31 -- Bank of Beijing (601169.SH) recorded a 31 percent year-on-year increase in net profit for the first three quarters to 7.8 billion yuan, reports Securities Times, citing a company filing.

Through the end of September, the bank’s total assets exceeded 860 billion yuan, a new historic high for the bank, while the loan balance totaled 383.3 billion yuan.

The balance of deposits increased 11 percent from the beginning of 2011 to 618.3 billion yuan as of end September.

The non-performing loan (NPL) balance totaled 2.12 billion yuan, down 200 million yuan from the beginning of 2011, while the NPL ratio was down 0.15 percentage point to 0.54 percent.

The provision coverage ratio was up by 49 percent from the start of 2011 to 356 percent.

Source:CapitalVue