Bank of Ningbo

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

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

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

• Official website