Bank of Ningbo Co., Ltd

Bank of Ningbo Co., Ltd. (hereinafter referred to as “Bank of Ningbo”), established on 10 April 1997, is a shareholding commercial bank with the qualification of independent legal entity. In May 2006, Bank of Ningbo initiated cooperation with an overseas strategy investor—OCBC Bank. On 19th July 2007, Bank of Ningbo was successfully listed in Shenzhen Stock Exchange (stock code: 002142) as one of the first listed city commercial banks at home. On 18th May 2007, Shanghai Branch formally started operation, signifying the completion of the three development strategies referring to the introduction of strategy investors, public listing and cross-regional operation. By the end of Jun. 2014, Bank of Ningbo had owned 10 branches, respectively in Shanghai, Hangzhou, Nanjing, Shenzhen, Suzhou, Wenzhou, Beijing, Wuxi, Jinhua and Shaoxing, 1 head office banking department and 219 sub-branches. In recent years, Bank of Ningbo actively promoted the management innovation and finance technology innovation, making efforts in creating five profit-making centers which consist of corporate banking, retail companies, individual banking, credit card and financing center. It has achieved the diversification of profit-making sources. At the end of Jun. 2014, the total assets of the Bank achieved RMB 524.23 billion, deposits in RMB and foreign currencies RMB 305.88 billion, loans RMB 190.92 billion; the capital adequacy ratio was 11.47%, core tier one capital ratio 9.30%; non-performing loan ratio 0.89%, provision coverage ratio 241.18%. Bank of Ningbo has been one of the best commercial banks in China with the assets of high quality, enhanced capabilities of profitability, high capital adequate ratio and low non-performing loan ratio. It ranked 220 in the China Top 1000 Banks 2014 and 264 in the Top 500 Banking Brands 2014 selected by Banker (UK).

Address: No.700 Ningnan South Road, Ningbo, Zhejiang, CN 315100

Phone: +86 574 8705 0028
FAX: +86 574 8705 0027