Bank of Ningbo

Bank of Ningbo Co., Ltd. is a Chinese city commercial bank headquartered in Ningbo, Zhejiang Province. Established in 1997 as Ningbo Commercial Bank, it developed from a locally focused banking institution into a regional bank serving customers across several important Chinese commercial centers. Its business scope includes corporate banking, retail banking, financial-market activities, and asset-management-related services. The bank changed its name to Bank of Ningbo in 2007, the same year that its shares began trading on the Shenzhen Stock Exchange under ticker 002142.SZ. Its public listing made it one of the listed city commercial banks in China and provided a platform for further regional expansion. The bank's historical footprint has included branches and subordinate locations in Ningbo and other cities in the Yangtze River Delta, including Shanghai, Nanjing, Hangzhou, Suzhou, and Wuxi, as well as locations in other parts of Zhejiang Province such as Wenzhou. It has also operated in Beijing and Shenzhen. This network reflects a strategy centered on economically active urban and regional markets rather than a purely national branch model. In August 2008, several major departments were relocated from Ningbo to Shanghai, indicating an effort to strengthen the bank's presence and operating capabilities in the country's principal financial center. Bank of Ningbo has also had a strategic relationship with Singapore-based Oversea-Chinese Banking Corporation, commonly known as OCBC. OCBC acquired an initial 12.2% stake in Ningbo Commercial Bank in 2006 and later increased its holding in the renamed Bank of Ningbo to 20% in 2014. The relationship connected the Chinese city commercial bank with an established international banking group while leaving Bank of Ningbo as a separately listed Chinese banking institution. The bank became a constituent of the Shenzhen Stock Exchange Component Index in January 2008. By November 2016, it was also identified as a constituent of the SZSE 100 Index and the CSI 100 Index. These index inclusions reflected its position among significant companies traded in mainland China's equity markets at those points in time. Bank of Ningbo's principal positioning is that of a professionally managed, regionally rooted commercial bank providing diversified financial services to corporate and retail customers. Detailed current information on its branch network, ownership structure, executives, product-level offerings, and recent financial performance is not established by the supplied reference material.

Bank of Ningbo was established in 1997 under the name Ningbo Commercial Bank. It was created as a city-based commercial banking institution headquartered in Ningbo, Zhejiang Province, and initially served the financial needs of its home city and surrounding regional economy. Over time, its activities expanded beyond Ningbo into other economically significant Chinese cities. A significant ownership development occurred in 2006, when Singapore's Oversea-Chinese Banking Corporation acquired a 12.2% interest in Ningbo Commercial Bank. The investment established a strategic connection between the Chinese city commercial bank and a major Southeast Asian banking group. In 2007, Ningbo Commercial Bank adopted the Bank of Ningbo name and listed its shares on the Shenzhen Stock Exchange. The listing gave the institution a publicly traded identity and placed it among China's listed city commercial banks. The bank's regional expansion included branches and subordinate banking locations in cities of the Yangtze River Delta. The documented network included Ningbo, Shanghai, Nanjing, Hangzhou, Suzhou, and Wuxi, together with other Zhejiang cities such as Wenzhou. The bank also had operations in Beijing and Shenzhen. In August 2008, several major departments were transferred from Ningbo to Shanghai, a move that strengthened its connection with China's principal financial hub and represented an important organizational change after the public listing. In January 2008, Bank of Ningbo became a constituent of the Shenzhen Stock Exchange Component Index. Later, as of November 2016, it was listed as a constituent of the SZSE 100 Index and CSI 100 Index. These index memberships marked the bank's continuing visibility in China's listed-equity market. OCBC subsequently increased its stake in Bank of Ningbo to 20% in 2014, maintaining a substantial strategic investment in the institution. The bank's documented business areas include corporate banking, retail banking, financial markets, and asset management. Its overall model combines local and regional market knowledge with a broad commercial-banking offering. The supplied reference material does not provide sufficient verified information to describe later ownership changes, current leadership, detailed financial results, or the bank's present branch count, so those areas remain unreported here.

1. 2016Included in SZSE 100 and CSI 100 indexes

   As of November 11, Bank of Ningbo was identified as a constituent of the SZSE 100 Index and CSI 100 Index.

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2. 2014OCBC increased its holding

   OCBC raised its stake in Bank of Ningbo to 20%.

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3. 2008Joined the Shenzhen Stock Exchange Component Index

   Bank of Ningbo became a constituent of the Shenzhen Stock Exchange Component Index in January.

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4. 2008Major departments moved to Shanghai

   Several major departments were relocated from Ningbo to Shanghai in August.

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5. 2007Name changed and shares listed

   Ningbo Commercial Bank changed its name to Bank of Ningbo and listed its shares on the Shenzhen Stock Exchange.

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6. 2006OCBC acquired an initial stake

   Singapore's OCBC acquired a 12.2% interest in Ningbo Commercial Bank.

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7. 1997Ningbo Commercial Bank founded

   The institution that later became Bank of Ningbo was established as Ningbo Commercial Bank.

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A regionally focused Chinese city commercial bank with a strong presence in the Yangtze River Delta and a diversified commercial-banking model.

• Corporate bankingCommercial banking

  Bank of Ningbo's corporate-banking activities serve business customers through commercial financial services. The supplied references identify corporate banking as one of the institution's principal business areas, but do not specify individual lending, transaction-banking, or treasury products.

• Retail bankingCommercial banking

  Retail banking is a documented core business area of Bank of Ningbo. It represents the bank's services for individual customers, although the supplied reference material does not provide a verified breakdown of accounts, cards, loans, deposits, or digital channels.

• Financial marketsFinancial services

  Financial-market activities form part of Bank of Ningbo's diversified banking model. The references do not identify specific securities, treasury, foreign-exchange, or market-investment products, so this entry is limited to the broad business category.

• Asset managementInvestment services

  Asset management is included among the bank's typical business areas. No verified product names, fund brands, mandates, or launch dates are provided in the supplied sources.

• 2008Moved major departments to ShanghaiStrategy

  Following its 2007 name change and listing, the bank had a growing presence outside Ningbo and sought to operate in a major national financial center.

  What changed. Several major departments were relocated from Ningbo to Shanghai in August.

  Aftermath. The relocation strengthened the bank's organizational presence in Shanghai, although the supplied sources do not quantify its operational or financial impact.

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• 2007Rebranded as Bank of Ningbo and pursued a public listingStrategy

  The institution had operated since 1997 as Ningbo Commercial Bank and was developing beyond its original city-market identity.

  What changed. It adopted the Bank of Ningbo name and listed its shares on the Shenzhen Stock Exchange.

  Aftermath. The change established the bank's current listed corporate identity and increased its visibility in China's equity market.

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• 2016Bank of Ningbo identified as a constituent of the SZSE 100 and CSI 100 indexes

  As of November 11, 2016, Bank of Ningbo was listed as a constituent of both the SZSE 100 Index and the CSI 100 Index.

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• 2008Bank of Ningbo became a constituent of the Shenzhen Stock Exchange Component Index

  Bank of Ningbo joined the Shenzhen Stock Exchange Component Index in January 2008.

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• 2008Bank of Ningbo relocated major departments to Shanghai

  In August 2008, the bank moved several major departments from Ningbo to Shanghai as it expanded its operating presence in China's main financial center.

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1. Bank of Ningbo
2. Bank of Ningbo official website