Bank of Ningbo

Chinese bank based in Ningbo, Zhejiang province, China

Bank of Ningbo

Branch in Hangzhou

Company type|

* public
* limited liability

Traded as

* SZSE: 002142 (ordinary)
* SZSE: 140001 (preference)

Industry| Financial services
Founded| 10 April 1997
Headquarters|

Ningbo

China

Area served

* Zhejiang Province
* Jiangsu Province
* Shanghai, Beijing & Shenzhen

Key people

| Lu Huayu (Chairman)
Revenue|  CN¥19.516 billion (2015)

Operating income

|  CN¥8,018 billion (2015)

Net income

|  CN¥6,544 billion (2015)
Total assets|  CN¥716.465 billion (2015)
Total equity|  CN¥45.001 billion (2015)
Owner|

* Ningbo Development and Investment Group - Affiliate of Ningbo Government (21.38%)
* OCBC Bank (20.00%)
* Youngor Group (11.64%)
* Huamao Group (5.85%)

Capital ratio|  9.03% (CET1)
Footnotes / references
in a consolidated basis; please see the report for their definition of revenue, operating income in Chinese accounting standards[1]
Bank of Ningbo Co., Ltd.

Simplified Chinese| 宁波银行股份有限公司
Traditional Chinese| 寧波銀行股份有限公司
| Transcriptions

Standard Mandarin
Hanyu Pinyin| Níngbō YínHáng Gǔfèn Yǒuxiàn Gōngsī
Bank of Ningbo
Simplified Chinese| 宁波银行
Traditional Chinese| 寧波銀行
| Transcriptions

Standard Mandarin
Hanyu Pinyin| Níngbō YínHáng

Bank of Ningbo Co., Ltd. is a Chinese city-based commercial bank headquartered in Ningbo, Zhejiang. As at 31 December 2015, The company had 30 branches (Chinese: 分行, each branches itself managed several locations as Chinese: 支行) in several cities in Yangtze River Delta area, in Ningbo, Shanghai, Nanjing, Hangzhou, Suzhou, Wuxi and other cities in Zhejiang Province (such as Wenzhou), as well as in Beijing and Shenzhen.

Since January 2008, Bank of Ningbo has become one of the constituents in Shenzhen Stock Exchange Component Index (originally top 40 companies, now top 500 companies).[2] As at 11 November 2016 Bank of Ningbo is a constituent of SZSE 100 Index and CSI 100 Index.

## History

[edit]

It was founded in 1997 as the Ningbo Commercial Bank. In 2007, it changed its name to Bank of Ningbo and listed its shares on the Shenzhen Stock Exchange.[3][4]

In 2006, Singapore's OCBC Bank first acquired a 12.2% stake in Ningbo Commercial Bank and subsequently raised its stake in the renamed Bank of Ningbo to 20% in 2014.[5]

In August 2008, the bank relocated several major departments from Ningbo to Shanghai.[6]

## References

[edit]

1. ^ "2015 Annual Report" (PDF) (in Chinese). Bank of Ningbo. April 26, 2016. Archived from the original (PDF) on November 12, 2016. Retrieved November 11, 2016.
2. ^ "宁波银行入选深证成份指数" (in Chinese). Archived from the original on August 21, 2008.
3. ^ "About Bank of Ningbo". Archived from the original on August 25, 2015. Retrieved October 2, 2008.
4. ^ "Ningbo Commercial Bank renamed Bank of Ningbo". Archived from the original on May 4, 2008. Retrieved October 2, 2008.
5. ^ "OCBC inks staff training deal with Bank of Ningbo". Singapore Business Review. August 24, 2017. Retrieved September 28, 2017.
6. ^ 宁波银行多部门将迁至上海 (in Chinese) [dead link]

## External links

[edit]

* Official website

* Banks portal

* v
* t
* e

Banking in China

* Banking in China
* History of banking in China

Central bank|

People's Bank

Policy bank|

* Agricultural Development
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State Council
commercial|

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Nationwide
commercial|

* Bohai
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Urban
commercial|

* Beijing
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Regulatory
agency|

* National Administration of Financial Regulation

* List of banks in China
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* List of banks in Macau

* v
* t
* e

Constituents of the SZSE 100 Index

* Aier Eye Hospital
* AVIC Aircraft
* Bank of Ningbo
* BOE Technology
* BYD Company
* CATL
* Changan Automobile
* China Merchants Shekou Industrial Zone Holdings
* Dahua Technology
* East Money
* Focus Media
* Ganfeng Lithium
* GF Securities
* Goertek
* Gree Electric
* Guosen Securities
* Hikvision
* Huadong Medicine
* iFlytek
* Inovance
* JA Solar Holdings
* Lens Technology
* Longyuan Power
* Luxshare
* Luzhou Laojiao
* Maxscend Microelectronics
* Midea Group
* Mindray
* Muyuan Foodstuff
* NAURA Technology Group
* Oriental Yuhong
* Ping An Bank
* Qinghai Salt Lake Potash
* Sanhua
* SF Express
* Shenwan Hongyuan
* Sungrow
* TCL Technology
* Tianqi Lithium
* Tinci Materials
* Vanke
* Weichai Power
* Wens Foodstuff Group
* Wuliangye
* XCMG
* Xishan Coal and Electricity Power
* Yunnan Baiyao Group
* Zhongji Innolight
* Zoomlion
* ZTE

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