Bank of Ningbo

Bank of Ningbo was established on April 10, 1997, and on July 19, 2007, it became the first city commercial bank in China to be listed on the Shenzhen Stock Exchange (stock code: 002142). In addition to its operations in Ningbo, the bank has established 16 branches in Shanghai, Hangzhou, Nanjing, Shenzhen, Suzhou, Wenzhou, Beijing, Wuxi, Jinhua, Shaoxing, Taizhou, Jiaxing, Lishui, Huzhou, Quzhou, and Zhoushan, with a total of 439 business outlets. In November 2013, Bank of Ningbo initiated the establishment of Yongyin Fund Management Co., Ltd. In May 2015, its wholly-owned subsidiary Yongyin Financial Leasing Co., Ltd. officially commenced operations. In December 2019, its wholly-owned subsidiary Ningyin Wealth Management Co., Ltd. officially opened. Since its inception, driven by China's rapid economic growth and the strong support of customers and all sectors of society, Bank of Ningbo has achieved significant business development. It has grown into a regional joint-stock listed bank with net capital exceeding 210 billion yuan, total assets exceeding 2.2 trillion yuan, and over 25,000 employees. It is one of the 19 systemically important banks in China and ranks 87th among global banks. Competitive Strengths: 1. Diversified profit structure: Built 15 profit centers to ensure sustainable development. 2. Fintech advantages: Creating a smart, open bank, launching five major stewards: treasury, foreign exchange, bills, government affairs, and investment banking. 3. Digital operations: Focusing on big data analytics to empower management, operations, and business opportunities. 4. Upgraded wealth management: Improving the wealth system, aggregating leading fund companies, wealth management subsidiaries, and sunshine private funds, and cooperating with shareholder OCBC Bank of Singapore to provide integrated onshore and offshore services. 5. Robust talent development mechanism: An integrated training management system with mentors for newcomers, blended online and offline learning, multiple growth paths, and continuous enhancement of employee professional capabilities. 6. Strict risk management: Adhering to the concept of 'controlling risk is reducing cost,' improving a comprehensive, full-staff, and full-process risk management system, and continuously strengthening risk management capabilities. ★ Non-performing loan ratio below 1% for 10 consecutive years; profit growth maintained above 15% for 10 consecutive years; net capital return rate maintained above 15% for 10 consecutive years.