BEIJING, Feb. 15 (Xinhua) -- The banking industry in Beijing, capital of China, realized a profit of 271.976 billion yuan in 2018, according to Jiang Ping, an official of the banking and insurance regulator in Beijing at a press conference on Thursday.
Jiang said that the insurance industry in Beijing realized a premium income of 179.33 billion yuan last year.
As of the end of 2018, total assets of the banking industry in Beijing were 24.17 trillion yuan, up 8.86 percent year-on-year, while the total liabilities were 23.02 trillion yuan, up 8.77 percent year-on-year, both ranking first in the country, said Jiang.
Last year, the total amount of non-performing loans effectively disposed of in 2018 was 22.228 billion yuan in the Beijing-based banking industry. As of the end of last year, the local banking industry's non-performing loan ratio was 0.34 percent, the lowest level since 2008.
In addition, as of the end of last year, the assets of the insurance industry in Beijing totaled 854.34 billion yuan, ranking second in the country, up 9.96 percent year-on-year, while the industry's accumulated risk guarantee was 1,097.6 trillion yuan, a year-on-year increase of 32.8 percent.
Jiang also pointed out that the local banking and insurance regulator strengthened the supervision of the banking industry last year. The regulator punished 25 banking institutions last year, with a fine of 16.25 million yuan. It punished 30 insurance institutions and warned 16 institutions, with a fine of 3.72 million yuan. 19 restrictive regulatory measures such as suspension of business and suspension of access were imposed on 10 local banking institutions. (Edited by Hu Pingchao, hupingchao@xinhua.org)
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