Bank of Nanjing Co., Ltd.

Corporate brand

A publicly listed Chinese city commercial bank headquartered in Nanjing, Jiangsu, formed in 1996 from 40 urban credit cooperatives and linked to BNP Paribas as a strategic shareholder.

Last updated October 12, 2026

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Overview

Bank of Nanjing Co., Ltd. is a Chinese city commercial bank headquartered in Nanjing, Jiangsu Province. Established in 1996, it developed from a locally focused urban financial institution into a listed commercial bank serving households, businesses, government-related customers and institutional clients. Its principal activities are organized around corporate banking, retail banking and financial-market operations, with services that include deposits, lending, payments and settlement, wealth-management and investment products, treasury services, and other permitted commercial-banking activities. The bank's original market identity was closely connected with Nanjing and the surrounding Jiangsu economy. Over time, it expanded its service network and institutional reach beyond its home city while retaining a regional-bank profile. Its business is therefore different from that of China's largest nationwide state-owned and joint-stock banks: Bank of Nanjing emphasizes regional customer relationships, local government and public-sector ecosystems, small and medium-sized enterprises, individual customers, and differentiated financial services. The bank also operates through specialized subsidiaries and affiliated platforms in areas such as consumer finance, fund management and investment banking, subject to applicable regulatory approvals and ownership arrangements. Bank of Nanjing became a public company through a domestic share-market listing in 2007. Its listed shares trade in Shanghai under the ticker 601009. The listing gave the bank access to public equity financing and increased disclosure obligations, while its development continued to be shaped by Chinese banking regulation, regional economic conditions, credit quality, interest-rate movements and competition from larger banks, other city commercial banks and digital financial providers. Strategic cooperation and investment by BNP Paribas have also been part of the bank's international and institutional development history, although the bank remains a Chinese commercial bank rather than a BNP Paribas brand. The bank's current brand scope centers on integrated commercial-banking services. Corporate offerings support working capital, investment, trade, cash management and settlement needs; retail offerings address deposits, consumer credit, mortgages, payments and personal wealth management; and financial-market activities cover liquidity management, bond and investment operations, and institutional services within the regulatory framework. Like other Chinese banks, it has also pursued digital channels and technology-enabled operations, including mobile and online banking, electronic payments, data-supported risk management and digital tools for business customers. Bank of Nanjing remains active and publicly listed. Its performance and strategic direction depend on the health of the Yangtze River Delta and other served regions, the evolution of China's banking rules, asset-quality management, capital requirements, net-interest-margin conditions and the balance between traditional branch banking and digital delivery. Precise current ownership, executive leadership, branch coverage and financial metrics should be taken from the latest annual report or regulatory filing because those details change over time. Bank of Nanjing is a Chinese joint-stock commercial bank headquartered in Nanjing, Jiangsu. It was established in 1996 as Nanjing City Commercial Bank through the consolidation of 40 urban credit cooperatives in Nanjing. The institution was created within the development of China's city commercial banking sector, in which locally based banks served municipal businesses, public-sector entities, smaller companies, and retail customers while gradually expanding beyond their original urban markets. The bank pursued a modernization and capital-strengthening strategy during the 2000s. In November 2001, the International Finance Corporation acquired a 15% interest for US$27 million, with the investment intended to reinforce the bank's capital base and institutional capabilities. In October 2005, BNP Paribas acquired a 19.2% interest in the institution, including the IFC holding, establishing an important international strategic relationship. The bank adopted the name Bank of Nanjing in March 2007, reflecting its broader development ambitions and updated corporate identity. Bank of Nanjing completed an initial public offering on the Shanghai Stock Exchange in July 2007. BNP Paribas supported the offering, after which its ownership interest was diluted to 12.7%. The listing gave the bank access to public-market capital and placed it among China's listed city commercial banks. BNP Paribas remained its largest single shareholder according to the referenced account, although that position does not mean it owned or controlled the entire institution. The bank's activities include commercial banking, retail banking, corporate finance, investment and wealth-management-related services, and participation in China's government bond market. It became a significant participant in the government bond market and developed additional investment-management capabilities. In 2013, it established Xin Yuan Asset Management, which became a principal partner in packaging loans into investment products. Between 2013 and 2015, the bank's assets nearly doubled, alongside the expansion of these activities and its wider business base. The use of loan-linked investment products also illustrates the changing and increasingly complex nature of Chinese banking during this period. Bank of Nanjing marketed a high-yield investment product created through its asset-management partner to its retail customers rather than relying only on conventional balance-sheet lending. The referenced material does not establish a formal scandal, lawsuit, recall, or regulatory penalty arising from this activity, so it is recorded here as a business and product-development decision rather than as a scandal. In September 2021, the People's Bank of China and the China Banking and Insurance Regulatory Commission included Bank of Nanjing on China's list of systemically important financial institutions. This designation reflects the bank's significance within the domestic financial system and subjects it to the corresponding prudential and supervisory framework. Bank of Nanjing remains an active Chinese banking brand with roots in Nanjing, a public listing in Shanghai, a strategic relationship with BNP Paribas, and operations spanning corporate, retail, capital-market, and asset-management-related services. Bank of Nanjing Co., Ltd. is a Chinese joint-stock city commercial bank headquartered in Nanjing, Jiangsu Province. It was established in 1996 as Nanjing City Commercial Bank through the consolidation of 40 urban credit cooperatives in Nanjing, within the development of China's city commercial banking sector. The institution initially served municipal businesses, public-sector entities, smaller companies and retail customers in Nanjing and nearby areas, and gradually expanded beyond its original urban market while retaining a regional rather than nationwide profile. Bank of Nanjing completed an initial public offering on the Shanghai Stock Exchange in July 2007 and trades under ticker 601009. BNP Paribas supported the offering, after which its ownership interest was diluted to 12.7%; it remained the largest single shareholder according to the referenced account, though that position does not mean it owned or controlled the entire institution. The listing gave the bank access to public equity financing and increased disclosure obligations. Its principal activities are organized around corporate banking, retail banking and financial-market operations, with services including deposits, lending, payments and settlement, wealth-management and investment products, treasury services, and other permitted commercial-banking activities. The bank became a significant participant in China's government bond market and developed additional investment-management capabilities. In 2013, it established Xin Yuan Asset Management, which became a principal partner in packaging loans into investment products marketed to retail customers; the bank's assets nearly doubled between 2013 and 2015 as these activities and its broader business base expanded. The bank also operates through specialized subsidiaries and affiliated platforms in areas such as consumer finance, fund management and investment banking, subject to applicable regulatory approvals and ownership arrangements. In September 2021, the People's Bank of China and the China Banking and Insurance Regulatory Commission designated Bank of Nanjing as a systemically important financial institution, reflecting its importance within China's financial system and subjecting it to a corresponding prudential supervisory framework. Its development continues to be shaped by Chinese banking regulation, regional economic conditions, credit quality, interest-rate movements and competition from larger banks, other city commercial banks and digital financial providers. Current ownership structure, executive leadership, branch coverage and financial metrics should be taken from the latest annual reports or regulatory filings, as these details change over time.

History

Bank of Nanjing was established in 1996 as a city commercial bank in Nanjing, Jiangsu. Its creation reflected the development of China's urban commercial-banking system, in which locally based banks were formed to serve municipal economies, local enterprises and residents. The institution initially had a concentrated regional role, providing deposit-taking, credit, settlement and other banking services to customers in Nanjing and nearby areas. During its early development, the bank expanded its organizational capabilities and customer base while operating under China's evolving commercial-bank regulatory framework. Its growth was tied to the industrial, commercial and public-sector economy of Jiangsu and the broader Yangtze River Delta. As with other city commercial banks, the institution had to balance regional relationship banking with increasingly formalized capital, risk, governance and disclosure requirements. A significant phase in the bank's development involved cooperation with BNP Paribas. The relationship brought an international strategic-investor dimension to the bank's development and was associated with work in areas such as governance, risk management, product development and international banking expertise. This relationship did not change Bank of Nanjing's identity as a Chinese city commercial bank, but it contributed to the institution's modernization and broader financial capabilities. Bank of Nanjing listed domestically in 2007 under ticker 601009. The public offering and subsequent listed-company status increased the bank's access to capital markets and subjected it to continuing public disclosure, shareholder and securities-regulatory requirements. The listing also made the bank part of the publicly traded Chinese banking sector, where investors evaluate regional exposure, asset quality, capital strength, profitability, liquidity and governance. After listing, the bank continued to broaden its business beyond traditional branch lending. Its principal operating pillars became corporate banking, retail banking and financial-market services. Corporate banking developed around deposits, credit, settlement, cash management, trade-related services and financing for businesses and institutional customers. Retail banking expanded personal deposits, cards, consumer credit, mortgage-related services, payments and personal wealth management. Financial-market activities supported liquidity and balance-sheet management and included institutional, bond and treasury-related services subject to regulation. The bank also developed or participated in specialized financial platforms. These activities have included consumer finance, fund management and investment-banking-related services, either through subsidiaries or affiliated arrangements. Such diversification reflects a broader trend among Chinese commercial banks to serve customers across multiple financial needs while managing the legal, capital and risk boundaries between banking and other regulated financial businesses. Geographically, Bank of Nanjing has moved from a primarily Nanjing-centered institution toward a wider regional network. Its identity nevertheless remains regional rather than nationwide in the same sense as China's largest commercial banks. The bank's opportunities have included the economic scale and business density of eastern China, while its challenges have included intense competition from national banks, joint-stock banks, other city commercial banks, internet platforms and increasingly digital financial providers. In the modern period, the bank has invested in electronic and mobile banking, technology-enabled customer service, online payments, data applications and digital risk controls. It has also had to respond to changes in interest rates, capital regulation, credit underwriting, local-government-related finance, property-market conditions and the needs of small and medium-sized enterprises. Its current business remains that of an active, publicly listed Chinese city commercial bank, with Nanjing and the surrounding regional economy at the center of its brand and operating heritage. Bank of Nanjing originated in the restructuring of Nanjing's urban financial institutions. In 1996, 40 urban credit cooperatives in the city were merged to create Nanjing City Commercial Bank. The new institution belonged to the city commercial bank category that developed in China to provide locally oriented banking services while supporting the financial needs of municipal governments, enterprises, smaller businesses, and households. The bank began strengthening its capital and institutional capabilities through international investment. In November 2001, the International Finance Corporation acquired 15% of the bank for US$27 million. The stated purpose of the funding was to improve the institution's capital base and organizational capacity. In October 2005, BNP Paribas acquired a 19.2% interest, incorporating the IFC stake. This made BNP Paribas an important strategic shareholder and linked the bank to an international banking group while the institution remained a Chinese domestic commercial bank. A major rebranding and capital-market transition followed. In March 2007, Nanjing City Commercial Bank changed its name to Bank of Nanjing as part of its development and modernization. In July of the same year, the bank completed an initial public offering on the Shanghai Stock Exchange. BNP Paribas had supported the offering, and its ownership was diluted to 12.7% afterward. The listing established Bank of Nanjing as a publicly traded bank and broadened its access to public equity markets. The bank subsequently expanded its role beyond conventional regional lending. It became a significant participant in China's government bond market. In 2013, it established Xin Yuan Asset Management, which became its primary partner in packaging loans into investments. Rather than offering only traditional loans, the arrangement supported the creation of high-yield investment products marketed by Bank of Nanjing to retail customers. The referenced account reports that the bank's assets nearly doubled between 2013 and 2015, during a period of substantial business expansion. In September 2021, the People's Bank of China and the China Banking and Insurance Regulatory Commission designated Bank of Nanjing as a systemically important financial institution. The designation confirmed the bank's importance within China's financial system and placed it within a more demanding supervisory and prudential context. The available reference material does not provide enough information to document later ownership changes, executive appointments, financial results, or a detailed branch network. Bank of Nanjing is therefore best characterized on the available evidence as an active, listed Chinese city commercial bank with a Nanjing base, a nationwide-oriented domestic role, capital-market activities, and a longstanding BNP Paribas connection. The bank began strengthening its capital and institutional capabilities through international investment. In November 2001, the International Finance Corporation acquired 15% of the bank for US$27 million, with the stated purpose of improving the institution's capital base and organizational capacity. In October 2005, BNP Paribas acquired a 19.2% interest, incorporating the IFC stake. This made BNP Paribas an important strategic shareholder and linked the bank to an international banking group while the institution remained a Chinese domestic commercial bank. The relationship brought an international strategic-investor dimension and was associated with work in areas such as governance, risk management, product development and international banking expertise, contributing to the institution's modernization without changing its identity as a Chinese city commercial bank. A major rebranding and capital-market transition followed. In March 2007, Nanjing City Commercial Bank changed its name to Bank of Nanjing as part of its development and modernization. In July of the same year, the bank completed an initial public offering on the Shanghai Stock Exchange under ticker 601009. BNP Paribas had supported the offering, and its ownership was diluted to 12.7% afterward. The listing established Bank of Nanjing as a publicly traded bank, broadened its access to public equity markets, and subjected it to continuing public disclosure, shareholder and securities-regulatory requirements. It also made the bank part of the publicly traded Chinese banking sector, where investors evaluate regional exposure, asset quality, capital strength, profitability, liquidity and governance. The bank also developed or participated in specialized financial platforms. In 2013, it established Xin Yuan Asset Management, which became its primary partner in packaging loans into investments. Rather than offering only traditional loans, the arrangement supported the creation of high-yield investment products marketed by Bank of Nanjing to retail customers. The referenced account reports that the bank's assets nearly doubled between 2013 and 2015, during a period of substantial business expansion, although the available source does not attribute that entire increase solely to this product strategy. Such diversification reflects a broader trend among Chinese commercial banks to serve customers across multiple financial needs while managing the legal, capital and risk boundaries between banking and other regulated financial businesses. In September 2021, the People's Bank of China and the China Banking and Insurance Regulatory Commission designated Bank of Nanjing as a systemically important financial institution. The designation confirmed the bank's importance within China's financial system and placed it within a more demanding supervisory and prudential context. In the modern period, the bank has invested in electronic and mobile banking, technology-enabled customer service, online payments, data applications and digital risk controls. It has also had to respond to changes in interest rates, capital regulation, credit underwriting, local-government-related finance, property-market conditions and the needs of small and medium-sized enterprises. The available reference material does not provide enough information to document later ownership changes, executive appointments, financial results or a detailed branch network. Bank of Nanjing is therefore best characterized on the available evidence as an active, listed Chinese city commercial bank with a Nanjing base, a nationwide-oriented domestic role, capital-market activities, and a longstanding BNP Paribas connection.

2021
Designated a systemically important financial institution
[6]Bank of Nanjingen.wikipedia.org
In September 2021, Chinese financial regulators added Bank of Nanjing to the systemically important financial institution list.
2013
Xin Yuan Asset Management is established
[6]Bank of Nanjingen.wikipedia.org
The bank established Xin Yuan Asset Management, which became its primary partner for packaging loans into investment products.
2007
Domestic share-market listing
[1]Bank of Nanjing official websitenjcb.com.cn
The bank became a publicly listed Chinese commercial bank under stock code 601009.
2007
The bank adopts the Bank of Nanjing name
[6]Bank of Nanjingen.wikipedia.org
Nanjing City Commercial Bank was renamed Bank of Nanjing in March 2007 as part of its development and modernization.
2007
Initial public offering on the Shanghai Stock Exchange
[6]Bank of Nanjingen.wikipedia.org
Bank of Nanjing completed its initial public offering in July 2007 under stock code 601009. BNP Paribas's interest was diluted to 12.7% after the offering.
2005
BNP Paribas becomes a strategic shareholder
[6]Bank of Nanjingen.wikipedia.org
BNP Paribas acquired a 19.2% interest in the bank, including the IFC holding.
2001
IFC acquires a 15% interest
[6]Bank of Nanjingen.wikipedia.org
The International Finance Corporation invested US$27 million for a 15% stake, with the funds directed toward capital and institutional strengthening.
1996
Bank established in Nanjing
[1]Bank of Nanjing official websitenjcb.com.cn
Nanjing City Commercial Bank was formed through the merger of 40 urban credit cooperatives in Nanjing, serving Nanjing and its surrounding economy.
Expansion beyond the home market
[1]Bank of Nanjing official websitenjcb.com.cn
The bank developed a broader regional service network while retaining its Nanjing and Jiangsu base.

Products and positioning

A regionally oriented Chinese city commercial bank combining corporate, retail and financial-market services, with a strong base in Nanjing and Jiangsu and an expanding multi-region operating footprint. A listed Chinese city commercial bank combining regional roots in Nanjing with a broader domestic banking platform, capital-market participation, and an international strategic relationship with BNP Paribas.

Commercial banking
Corporate banking
Services for companies and institutional customers, including deposits, working-capital and investment lending, trade-related finance, account settlement, cash management and other financial services. The business is particularly relevant to the regional enterprises and public-sector-linked organizations that form part of a city commercial bank's core customer base. Bank of Nanjing's corporate banking activities are rooted in the city commercial bank model. They include business deposits, corporate lending, institutional relationships, and related payment and settlement services. The available material also associates the bank with government bond-market activity and loan-based investment structures, indicating that its corporate and institutional platform extends beyond basic local lending. Services for companies and institutional customers, including deposits, working-capital and investment lending, trade-related finance, account settlement, cash management and other financial services. The business is particularly relevant to the regional enterprises and public-sector-linked organizations that form part of a city commercial bank's core customer base, and the available material also associates the bank with government bond-market activity and loan-based investment structures, indicating that its corporate and institutional platform extends beyond basic local lending.
Consumer banking
Retail banking
Personal banking services covering deposits, payments, cards, consumer credit, mortgage-related finance and personal wealth-management products. Delivery is supported by branches as well as electronic and mobile channels, with product availability subject to Chinese banking regulations and the bank's current catalog. The bank has also marketed investment products linked to packaged loans, including a high-yield investment product created with Xin Yuan Asset Management and distributed to its own retail customers; specific current product names and terms are not provided.
Financial markets
Financial markets and treasury services
Institutional and balance-sheet services associated with liquidity management, treasury operations, bond and investment activities, and other permitted financial-market functions. These activities help manage the bank's funding and liquidity position and provide services to institutional customers within the regulatory framework. Bank of Nanjing became a major participant in China's government bond market; the available reference does not enumerate particular bond products, underwriting mandates or trading services, but identifies government bond-market activity as an important part of the institution's business scope.
Digital financial services
Digital banking
Online and mobile channels for account access, payments, transfers, customer service and selected business and wealth-management functions. Digital capabilities also support operational efficiency, customer acquisition and technology-enabled risk management.
Retail banking · 2013
Retail banking and wealth-management products
The bank serves retail customers through deposit and personal banking services and has also marketed investment products linked to packaged loans. The referenced account describes a high-yield investment product created with Xin Yuan Asset Management and distributed to the bank's own retail customers. Specific current product names and terms are not provided.
Capital markets
Government bond-market services
Bank of Nanjing became a major participant in China's government bond market. The available reference does not enumerate particular bond products, underwriting mandates, or trading services, but identifies government bond-market activity as an important part of the institution's business scope.
Asset management · 2013
Loan-packaged investment products
Beginning in 2013, Xin Yuan Asset Management served as Bank of Nanjing's primary partner in packaging loans as investments. This structure allowed the bank to market investment products to retail customers instead of relying solely on traditional loan distribution. The source describes the products as high-yield investments but does not provide a current product range or detailed contractual terms.

Controversies

2024
Huai'an Branch Fined and Confiscated for Inflating Deposits and Loans and Violations in Post-Loan Management
In June 2024, the Huai'an Branch of Bank of Nanjing was confiscated of illegal gains and fined 2.65 million yuan for lax review of bill backgrounds, loans not used for agreed purposes, and inflating the scale of deposits and loans.
Source
2023
Source
2022
Analyst Penalized by Police for Spreading False Information About Bank of Nanjing
In July 2022, Fu, an analyst at Western Securities, spread false information related to Bank of Nanjing. Bank of Nanjing clarified the matter and reported it to the police, and the police imposed a public security penalty. The bank's entry records the reputational controversy and its refutation, while the Western Securities entry is linked to the employee's conduct.
Source
2020
Fined 7.36 Million Yuan for Violations in Accounts, Anti-Money Laundering, and Fund Management
At the end of 2020, the Nanjing Branch of the People's Bank of China issued a warning, fined Bank of Nanjing 7.36 million yuan, and confiscated illegal gains for violations in account management, anti-money laundering, and fund management. The mention of money laundering in media headlines is not directly treated as a criminal conviction.
Source
2020
Source
2019
Source

2013
Expand into loan-packaged investment productsStrategy
Background
The bank sought to broaden its business beyond conventional lending and use an asset-management partner to package loans as investments.
Action taken
Bank of Nanjing established Xin Yuan Asset Management and marketed a high-yield investment product created through the partnership to its retail customers.
Aftermath
The bank's assets nearly doubled between 2013 and 2015, although the available source does not attribute that entire increase solely to this product strategy.
Source
2007
Decision to pursue a public listingOther
Background
As the bank grew beyond its original local-city role, a domestic listing offered access to public capital markets and established a more extensive disclosure and governance framework.
Action taken
Bank of Nanjing completed its domestic share-market listing and began trading under ticker 601009.
Aftermath
The bank became a publicly traded Chinese city commercial bank and continued its expansion under listed-company and banking-regulatory requirements.
Source
2007
Rename the institution as Bank of NanjingStrategy
Background
The former Nanjing City Commercial Bank pursued a broader development and modernization direction.
Action taken
The institution changed its name to Bank of Nanjing in March 2007.
Aftermath
The renamed bank completed its Shanghai Stock Exchange initial public offering later in 2007.
Source
2007
Complete a public offeringM&A
Background
The bank sought public-market capital after developing an international strategic-shareholder relationship with BNP Paribas. The bank sought public-market capital after developing an international strategic-shareholder relationship with BNP Paribas, and the listing offered access to public capital markets and established a more extensive disclosure and governance framework.
Action taken
Bank of Nanjing carried out an initial public offering on the Shanghai Stock Exchange in July 2007 under ticker 601009.
Aftermath
BNP Paribas's stake was diluted to 12.7% following the offering, while Bank of Nanjing became a listed company and continued its expansion under listed-company and banking-regulatory requirements.
Source

Recent events

Unconfirmed
Bank of Nanjing receives an inclusive finance award[19]南京银行荣获普惠金融服务奖项eeo.com.cn
Bank of Nanjing received the Financial Times award for “Best Inclusive Finance Services Small and Medium-sized Bank.” The source gives no specific award date.
2020-06
Bank of Nanjing signs strategic cooperation agreements with Jiangsu transport and tobacco companies[20]南京银行分别与江苏交控、江苏烟草签订战略合作协议finance.sina.com.cn
Reported: 2020-06-08
Bank of Nanjing signed strategic cooperation agreements with Jiangsu Communications Holding Co. and China Tobacco Jiangsu Provincial Company, covering expanded cooperation across banking and financial services.
2020-05
Bank of Nanjing signs strategic cooperation agreements with Jiangsu Communications Holding and Jiangsu Tobacco[21]南京银行与江苏交控、江苏烟草签订全面战略合作协议finance.sina.com.cn
Reported: 2020-06-05
At the end of May, Bank of Nanjing signed comprehensive strategic cooperation agreements with Jiangsu Communications Holding and China Tobacco Jiangsu Company. The agreements provide for expanded cooperation across specified financial services and other fields.
2020-05
Nanjing Bank signs strategic cooperation agreement with Jiangsu Communications Holding[22]南京银行与江苏交控签订战略合作协议finance.sina.com.cn
Reported: 2020-06-02
Nanjing Bank and Jiangsu Communications Holding signed a comprehensive strategic cooperation agreement in late May 2020, covering areas including credit, investment banking, retail banking and interbank business.

Sources23 sources

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