Disclosed are a bifunctional catalyst for simultaneously removing nitrogen oxide and particulate matters, capable of decomposing nitrogen monoxide and generating nitrogen dioxide through oxidation of nitrogen monoxide, a composite catalyst including the catalyst for simultaneously removing nitrogen oxide and particulate matters used for an apparatus to decrease exhaust gas of diesel vehicles, and a method for preparation thereof. The catalyst and the composite catalyst can be used in a device for reducing exhaust gas contaminants mounted on a diesel vehicle and an exhaust gas purification system comprising the device.