Bank of Ningbo

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Bank of Ningbo
public
Traded as
Industry Financial services
Founded 1997
Headquarters Ningbo, China
Area served
  • Zhejiang Province
  • Jiangsu Province
  • Shanghai, Beijing & Shenzhen
Key people
Lu Huayu (Chairman)
Revenue Increase CN¥19.516 billion (2015)
Increase CN¥8,018 billion (2015)
Profit Increase CN¥6,544 billion (2015)
Total assets Increase CN¥716.465 billion (2015)
Total equity Increase CN¥45.001 billion (2015)
Owner
Capital ratio Decrease 9.03% (CET1)
Website www.nbcb.cn
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
Bank of Ningbo
Simplified Chinese 宁波银行
Traditional Chinese 寧波銀行

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 300 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 took a 12.2% stake in Bank of Ningbo.

In August 2008, the bank relocated several major departments from Ningbo to Shanghai.[5]

As of their June 2015 filing, Bank Of Ningbo ranked no 1 amongst Chinese companies for cash from issuing bonds and net cashflow from financing activities.[6]

References[edit]

  1. ^ "2015 Annual Report" (PDF) (in Chinese). Bank of Ningbo. 26 April 2016. Retrieved 11 November 2016. 
  2. ^ "宁波银行入选深证成份指数" (in Chinese).  Archived August 21, 2008, at the Wayback Machine.
  3. ^ About Bank of Ningbo
  4. ^ Ningbo Commercial Bank renamed Bank of Ningbo
  5. ^ 宁波银行多部门将迁至上海 (in Chinese)[dead link]
  6. ^ "Bank Of Ningbo Co.,Ltd. Fundamental Rankings". China Stock Facts. 2015. 

External links[edit]