Type public Key people Lu Huayu (Chairman) Revenue 19.52 billion CNY (2015) Parent organization OCBC Bank | Industry Financial services Headquarters Ningbo, China Founded 1997 | |
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Traded as SZSE: 002142 (ordinary)
SZSE: 140001 (preference) Area served Zhejiang Province
Jiangsu Province
Shanghai, Beijing & Shenzhen Operating income Stock price 002142 (SHE) CN¥ 18.65 -0.18 (-0.96%)1 Mar, 3:59 PM GMT+8 - Disclaimer | ||
Bank of ningbo china world trade center tower i in beijing taitra
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.
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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 300 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 took a 12.2% stake in Bank of Ningbo.
In August 2008, the bank relocated several major departments from Ningbo to Shanghai.
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.