Bank of Ningbo

Corporate brand

Unclaimed Request correction

A Chinese city commercial bank headquartered in Ningbo and listed on the Shenzhen Stock Exchange.

Last updated October 9, 2026

AI crawler reads

No AI crawler has read this profile since Oct 28, 2026.

Overview

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.

History

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.

2016
Included in SZSE 100 and CSI 100 indexes
[1]Bank of Ningboen.wikipedia.org
As of November 11, Bank of Ningbo was identified as a constituent of the SZSE 100 Index and CSI 100 Index.
2014
OCBC increased its holding
[1]Bank of Ningboen.wikipedia.org
OCBC raised its stake in Bank of Ningbo to 20%.
2008
Joined the Shenzhen Stock Exchange Component Index
[1]Bank of Ningboen.wikipedia.org
Bank of Ningbo became a constituent of the Shenzhen Stock Exchange Component Index in January.
2008
Major departments moved to Shanghai
[1]Bank of Ningboen.wikipedia.org
Several major departments were relocated from Ningbo to Shanghai in August.
2007
Name changed and shares listed
[1]Bank of Ningboen.wikipedia.org
Ningbo Commercial Bank changed its name to Bank of Ningbo and listed its shares on the Shenzhen Stock Exchange.
2006
OCBC acquired an initial stake
[1]Bank of Ningboen.wikipedia.org
Singapore's OCBC acquired a 12.2% interest in Ningbo Commercial Bank.
1997
Ningbo Commercial Bank founded
[1]Bank of Ningboen.wikipedia.org
The institution that later became Bank of Ningbo was established as Ningbo Commercial Bank.

Products and positioning

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

Commercial banking
Corporate 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.
Commercial banking
Retail 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 services
Financial markets
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.
Investment services
Asset management
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.

Controversies

2023
Fined 2.2 Million Yuan for Issues Including Out-of-Region Internet Loans and Credit Witness Rectification
Ningbo Regulatory Penalty No. 1 of 2023 cited Bank of Ningbo for six issues, including out-of-region internet loans, prudent operation of internet loans, and credit witness rectification, and imposed a fine of 2.2 million yuan. Recorded separately from the 2022 real estate credit penalty of the same amount.
Source
2022
Fined 2.7 Million Yuan for Inadequate Management of Compensation, Related-Party Transactions, and Credit Fund Usage
On April 21, 2022, Bank of Ningbo was fined 2.7 million yuan by the Ningbo Banking and Insurance Regulatory Bureau for eight issues, including compensation, related-party transactions, green credit, risk classification, and bills.
Source
2022
Fined 2.2 Million Yuan for Illegal Inflow of Credit Funds into Real Estate
On April 11, 2022, Bank of Ningbo was fined 2.2 million yuan for issues including illegal inflow of funds into real estate, illegal financing for land reserve projects, and inadequate real estate credit management. Recorded separately from the April 21 penalty.
Source
2022
Lishui Branch Fined 950,000 Yuan for Lax Loan Usage Control
In 2022, the Lishui Branch of Bank of Ningbo was fined 950,000 yuan by regulators for inadequate post-loan management and misappropriation of credit funds, and relevant personnel were warned.
Source
2022
Jinhua Branch Fined 1.45 Million Yuan for Diverting Loan Funds into Home Purchases and Wealth Management Products
In July 2022, the Bank of Ningbo's Jinhua Branch was fined 1.45 million yuan for issues including inadequate three-check due diligence on loans, diverting funds into home purchases and wealth management products, and misuse of working capital loan proceeds.
Source
2022
Quzhou Branch Fined 450,000 Yuan for Misappropriation of Personal Credit Funds
In April 2022, the Bank of Ningbo's Quzhou Branch was fined 450,000 yuan for inadequate loan management and the irregular misappropriation of personal loan funds. The penalty is recorded separately from those of the Jinhua and Lishui branches.
Source

2008
Moved major departments to ShanghaiStrategy
Background
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.
Action taken
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.
Source
2007
Rebranded as Bank of Ningbo and pursued a public listingStrategy
Background
The institution had operated since 1997 as Ningbo Commercial Bank and was developing beyond its original city-market identity.
Action taken
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.
Source

Recent events

2021-06
Ningbo Bank reports first-half 2021 results[9]宁波银行披露2021年上半年业绩bank.jrj.com.cn
Ningbo Bank disclosed its 2021 half-year report, reporting operating revenue of RMB 25.019 billion and net profit attributable to shareholders of RMB 9.519 billion for the first half of the year.
Unconfirmed
Ningbo Bank launches financial support services for foreign-trade businesses[10]宁波银行推出涉外企业专项金融服务sc.stock.cnfol.com
Ningbo Bank and Ningbo Municipal Bureau of Commerce jointly launched six special service measures for Ningbo foreign-trade businesses, including credit support, lower-cost funding, settlement-fee waivers and extended repayment terms.
2020-03-06
宁波银行 and Ningbo Municipal Bureau of Commerce launch business support measures[11]宁波银行与宁波市商务局推出企业专项服务措施finance.sina.com.cn
Reported: 2020-03-06
宁波银行 announced that it and the Ningbo Municipal Bureau of Commerce had jointly launched six support measures for Ningbo foreign-related businesses, including credit, lower-cost funding, fee relief, settlement support and extended repayment terms.
2020-01-17
Ningbo Bank releases Yituoguan 3.0[12]宁波银行发布易托管3.0版本finance.sina.com.cn
Reported: 2020-01-17
Ningbo Bank released version 3.0 of its Yituoguan service, with upgrades focused on custody capabilities, customer service, and intelligent functions.

Sources12 sources

Cite this profile: Cite the canonical profile. /brand-wiki/bank-of-ningbo · Editorial policy · How profiles are compiled