Bank of Ningbo
 | |
| State-owned enterprise | |
| Industry | Banking |
| Founded | 1997 |
| Headquarters | Ningbo, Zhejiang, China |
Area served | People's Republic of China |
Key people | Chairman: Mr. Lu Huayu |
| Website | Bank of Ningbo Company Limited |
Bank of Ningbo Company Limited (SZSE: 002142) is a city commercial bank in Ningbo, Zhejiang, China. As of June 2008, it operated 78 branches in Ningbo and Shanghai. Since January 2008, Bank of Ningbo has become one of the constitute stocks in Shenzhen Stock Exchange Component Index.[1] In August 2008, the bank relocated several major departments from Ningbo to Shanghai.[2]
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 Oversea-Chinese Banking Corporation took a 12.2% stake in Bank of Ningbo.
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.[5]
