Bank of Ningbo
Company type
IndustryFinancial services
Founded10 April 1997
Headquarters,
China
Area served
  • Zhejiang Province
  • Jiangsu Province
  • Shanghai, Beijing & Shenzhen
Key people
Lu Huayu (Chairman)
RevenueIncrease CN¥19.516 billion (2015)
Increase CN¥8,018 billion (2015)
Increase CN¥6,544 billion (2015)
Total assetsIncrease CN¥716.465 billion (2015)
Total equityIncrease 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 ratioDecrease 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
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 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. 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]