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Bank of Ningbo

Chinese bank based in Ningbo, Zhejiang province, China

Summary

Chinese bank based in Ningbo, Zhejiang province, China

Field	Value
name	Bank of Ningbo
logo	Bankofningbo.png
image	Bank of Ningbo Hangzhou brach.JPG
image_caption	Branch in Hangzhou
type
traded_as
foundation	April 10, 1997
hq_location_city	Ningbo
hq_location_country	China
key_people	Lu Huayu (Chairman)
area_served
industry	Financial services
revenue
revenue_year	2015
operating_income
income_year	2015
net_income
net_income_year	2015
assets
assets_year	2015
equity
equity_year	2015
ratio	9.03% (CET1)
owner
footnotes	in a consolidated basis; please see the report for their definition of revenue, operating income in Chinese accounting standards

Bank of Ningbo Co., Ltd. is a Chinese city-based commercial bank headquartered in Ningbo, Zhejiang. As of December 31, 2015, The company had 30 branches (, each branches itself managed several locations as ) 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). 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.

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.

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

References

(26 April 2016). "2015 Annual Report". Bank of Ningbo.
"宁波银行入选深证成份指数".
"About Bank of Ningbo".
"Ningbo Commercial Bank renamed Bank of Ningbo".
(24 August 2017). "OCBC inks staff training deal with Bank of Ningbo".
(November 2016)

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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