Bank of Beijing expands ING Bank N.V. credit facility to $1bn

Bank of Beijing announced board approval to grant ING Bank N.V. a $1 billion comprehensive interbank credit facility, including a commitment for CNY 1 billion in interbank financing. This transaction was approved by the board's related party transaction committee on August 28, 2025, and marks a continuation of a prior $1 billion facility granted to ING Bank N.V. in the preceding 12 months.

The bank’s half-year financial report for 2025 highlights robust performance, with total assets reaching CNY 4.75 trillion, a 12.53% increase year-over-year. Net profit attributable to shareholders was CNY 15.053 billion, up 1.12%. Return on assets was 0.67% and weighted average return on equity was 10.64%. The bank's non-interest income grew by 0.53% to CNY 10.37 billion, supported by a 20.40% increase in net fee and commission income. This financial stability reinforces the bank's capacity for strategic partnerships.

The half-year report also indicates that the bank adopted new accounting standards for insurance contracts effective January 1, 2025, retroactively adjusting 2024 comparative data. This change is not expected to materially impact the bank's financial condition or operating results. The consistent governance and financial health underpin the ongoing collaboration with ING Bank N.V., which is a significant shareholder and related party.