2010 China companies ranked : 431 / 2011 China companies ranked : 428 / Income(million yuan) : 5,912 / Net profit(million yuan) : 2,322

Bank of Ningbo Co., Ltd. (hereinafter referred to as “Bank of Ningbo”), established in 10th April 1997, is a shareholding commercial bank with the qualification of independent legal person. In May 2006, Bank of Ningbo initiated cooperation with an overseas strategy investor—OCBC Bank. In 19th July 2007, Bank of Ningbo was successfully listed in Shenzhen Stock Exchange (stock code: 002142) as one of the city commercial banks first listed at home. In 18th May 2007, Shanghai Branch formally started operation, signifying the completion of the three development strategies referring to the introduction of strategy investors, public listing and cross-regional operation. By the end of Sep. 2011, Bank of Ningbo had owned 8 branches, respectively in Shanghai, Hangzhou, Nanjing, Shenzhen, Suzhou, Wenzhou, Beijing and Wuxi, 1 head office banking department and 126 sub-branches.
In recent years, Bank of Ningbo actively promoted the management innovation and finance technology innovation, making efforts in creating five profit-making centers which consist of corporate banking, retail companies, individual banking, credit card and financing center. It has achieved the diversification of profit-making sources. At the end of Sep. 2011, the total assets of the Bank achieved RMB 233.279 billion, deposits in RMB and foreign currencies RMB 170.959 billion, loans RMB 117.009 billion; the capital adequacy ratio was 15.53%, core capital adequacy ratio 12.33%; non-performing loan ratio 0.66%, provision coverage ratio 225.21%. Bank of Ningbo has been one of the best commercial banks in China with the assets of high quality, enhanced capabilities of profitability, high capital adequate ratio and low non-performing loan ratio. It ranked 302 in the 2011 World’s Top 1000 Banks selected by Banker (UK) and 22 in the 2009 China Top 100 Banks.