As a Sino-foreign bank public listed bank regionally, Bank of Ningbo is one of the 20 systematically important banks in China. Up to now, it has set up 16 branches in cities including Beijing, Shanghai, Shenzhen, Hangzhou, Nanjing, Suzhou, Wuxi and Wenzhou, and 4 subsidiaries including Maxwealth Fund Management Co., Ltd., Maxwealth Financial Leasing Co., Ltd., Ningyin Finance Co., Ltd. and BNB Consumer Finance Co., Ltd., with more than 27,000 employees. Bank of Ningbo ranked the 80th globally in "The Top 1,000 Banking Brands, 2024" by The Banker, steadily moving forward in the top 100 rankings.

I. STRONG OPERATING PERFORMANCE 

Up to the end of Sep. 2024, Bank of Ningbo had a total of assets of RMB 3,068 billion, increasing by 13.13% than the beginning of the year; had a total deposit of RMB 1,864 billion, increasing by 18.99% than the beginning of the year; loans of RMB 1,456 billion, with an increasing rate of 16.20% than the beginning of the year. The first three quarters of 2024， Bank of Ningbo realized an operating income of RMB 50.8 billion, an increase of 7.45% year-on-year; a net profit of RMB 20.71billion, an increase of 7.02% year-on-year.

II. ROBUST ASSET QUALITY 

Adhering to the risk philosophy of “Running a bank is running a risk”, the bank-wide comprehensive, all-employee and full-process risk management framework has been consistently improved, and its risk management capacities have been enhanced continuously.

The risk management capabilities of Bank of Ningbo proved to be effective and successful, evidenced from the stable performance achieved during the recent challenging period in its major operating regions, which are under economic restructure and digestion of over capacity. The Bank of Ningbo kept an NPL ratio of 0.76% in the end of Q3 2024,has been less than 1% for 16 consecutive years， continuing to keep the lower level among inter-bank. 

III. HIGH CREDIT RATING 

In recent years，the management capabilities and business prospect of Bank of Ningbo have been widely recognized by regulators and the industry.

According to Moody's, the globally famous rating institution's newest rating on the long-term deposit rating of Bank of Ningbo, which is Baa2 with ba1 basic credit rating,being the same to the outstanding national joint-stock commercial bank in the country.

Bank of Ningbo has been ranked as the top-grade city commercial bank according to comprehensive assessment by CBRC for many times.

It ranked the 80th globally in terms of Tier-1 Capital among “Top 1,000 World Banks, 2024” by The Banker, moving up 2 places since the previous year.

The Bank ranked 93rd globally in “2024 Banking 500" by Brand Finance.

The Bank was awarded as the Best City Commercial Bank in China for a number of times by The Chinese Banker, Sina Finance and other professional external institutes. 

IV. TRANSPARENT COMPANY INFORMATION 

As a listed bank, Bank of Ningbo has a complete set of management information disclosure process and mechanism to ensure that the bank’s operation status are fully, timely and accurately provided and disclosed.

Firstly, Bank of Ningbo discloses timely, accurate and complete information to ensure that shareholders and the public are kept abreast of the Bank’s operating status.

Secondly, Bank of Ningbo provides immediate and transparent information for any important change in business, fluctuation in performance and large amount of legal issue involved.

Thirdly, the Bank’s external and independent Auditor, Ernst & Young, carries out diligent audit on the Bank’s annual reports to ensure the integrity and accuracy of the information disclosed.

In recent years, by practicing accurate and timely information disclosure, Bank of Ningbo is recognized as a trustworthy bank with excellent reputation, and was shortlisted as “Most Socially Responsible Financial Institution”, “Best Listed SME Company” and “Listed Company with the Greatest Growth Potential” by external authorities consistently. 

V. MAJOR STOCKHOLDER SUPPORT 

The top two shareholders of Bank of Ningbo are Ningbo Municipal Government and OCBC Bank, holding shares of 20% each. Both shareholders have always been very supportive for the development of the Bank.

Ningbo Development Investment Group Co., Ltd., representing the local government hold 18.74% of shares of Bank of Ningbo. Furthermore, Ningxing (Ningbo) Asset Management Co., Ltd., as person acting in concert to represent the local government, holds another 1.29% of the shares, which makes Ningbo Municipal Government holds 20% of the shares in total.

OCBC Bank is the second largest financial services group in Southeast Asia. Being one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s. Since becoming a strategic partner of Bank of Ningbo in 2006, OCBC Bank has provided tremendous efforts and support to Bank of Ningbo on international leading banking practice to enhance business development and process, risk management, system development, talent training and etc.

Thanks to the strong operating performance and robust risk management capability of Bank of Ningbo, both Ningbo Municipal Government and OCBC Bank are very positive with the potential growth of the Bank, and have injected capital investment to Bank of Ningbo continuously. 

VI. PROFESSIONAL MANAGEMENT TEAM 

Bank of Ningbo has a professional, dedicated, energetic, stable and cooperative senior management team.

The senior management team members are equipped with many years of experience and rich professional knowledge in financial services and banking management. They are stable and cooperated with each other perfectly for more than 10 years, which differentiates them to be one of the most stable teams in the industry and is beneficial to the implementation of the Bank’s long-term strategy. Although the average age of senior management members is only round 40, they have focused on the operation and management of banking for a long period. Besides, by closely interacting with OCBC Bank and other leading foreign banks, they have solid business knowledge and wide strategic vision, which will facilitate Bank of Ningbo to take the challenge of interest rate liberalization.

Through their endeavors to keep the Bank's development with China’s economic progress, the senior management team has led the Bank transforming into a bank with strong profitability, high capital adequacy, and low NPL ratio in China. 

VII. LEADING IT SYSTEM 

By firmly establishing the concept of "science and technology constitute the primary productive force", Bank of Ningbo has constantly strengthened its investment in the construction of the science and technology system, and has gained certain competitive advantages among banks of its kind. Focusing on the vision of iSMART + banking, Bank of Ningbo, starting with "systematization, digitalization and intellectualization", has deepened its construction of the science and technology system, continued to empower the four major areas concerning financial products, service channels, marketing operations and operational risk control, and created five major platforms, including business platform, data platform, technology platform, R&D platform and operation and maintenance platform, so as to provide solid scientific and technological support for its long-term development.

VIII. BUSINESS FEATURES 

Adopting the core principle of “Focus on familiar market and familiar customers” and the main strategy to serve equivalent customer segment by satisfying customer needs on diversified and various financial services, Bank of Ningbo has developed twelve major profit centers, including Corporate Banking, Retail Banking, Wealth Management, Consuer Credit, Credit Card, Investment Banking，Asset Custody, Notes and Financial Market; and in terms of subsidiaries, 4 profit centers have been formed, namely Maxwealth Fund, Maxwealth Financial Leasing, Ningyin Finance and Ningyin Consumer Finance.

Corporate Banking: Dedicated to the upgrading of services items and customer experience, basing on business areas and relying on financial technology, with excellent cash management and trade financing products and thus to provide comprehensive and one-stop financial services for large and medium-sized enterprises.

SME Banking: Bank of Ningbo actively carries out the requirements of the national inclusive financial work, provides value-added services in both domestic and foreign currencies such as financing, settlement and cash management for small and micro-enterprises customers, and specializes in financing products such as quick examination and quick loan, SME loan, and transfer financing. With the help of technological enabling, Bank of Ningbo makes every effort to promote the establishment, growth and development of small and micro-enterprises customers.

Wealth Management: Bank of Ningbo adheres to the concept of creating value for clients, persists in professional empowerment and long-time company, and constantly improves its product system, forming a comprehensive product system composed of six major categories including cash management, fixed income, equity, security inheritance and alternative assets with asset allocation as the core, so as to provide professional, efficient and differentiated wealth management services for clients of different types.

Consumer Credit: focusing on the credit needs of the individual customers, Bank of Ningbo has formed a series of credit products such as Bai Ling Tong, Mao Yi Tong, Lu Lu Tong and personal mortgage, being able to provide differentiated and exclusive financial service plans. By means of digital empowerment and integration of online and offline modes, Bank of Ningbo will constantly enrich its business channels and scenario linkage to fully meet the financial needs of its clients.

Credit Card:Implement steadily-developed business strategy, intensively manage the market segments and continuously strengthen the Internet gene of credit card products, business process and service items via continuously deepening financial technology construction and big data technology application to strive for achieving the ultimate performance of customer experience.

Investment Banking: By actively playing the role of financial intermediary, building diversified financial services platform, innovating financial products and instruments for portfolios, and consolidating resources in both money market and capital market, the Bank is well qualified to provide integrated financial services in investment, financing and consultation to large and medium-sized strong enterprises.

Asset Custody: Committed to providing high-quality services in asset custody, capital settlement, evaluation and accounting, outsourcing service and the third party depository, Bank of Ningbo applies full electronic business process through the industry-leading custody internet banking and “Yi Tuo Guan” product, and strives to develop into the best asset custody institution in China.

Notes: By focusing on high-quality customer service , fulfilling financial needs of SME, and diversifying interbank cooperation, Bank of Ningbo differentiates itself with abundant products and efficient business processes, and targets to be the first choice in discounted notes for corporate customers and discounting notes for interbank institutions.

Financial Market: By optimizing profit structure and module and improving market status, Bank of Ningbo constantly innovates and enriches the product system, deepens the market-making business and opens up the space for inter-industry cooperation, strives to become the best partner of the small and medium-sized inter-industry financial market business, and builds a full-online electronic trading platform, covering three major areas of foreign exchange, interest rates and precious metals, forming a full-qualified, full-product and full-system three-dimensional business system, striving to become the most trusted partner of enterprises and individual customers, and realizing diversification of profit sources.

With the support and care from customers, Bank of Ningbo is committed to growing the business and adhering to the core values of “Integrity, Dedication, Compliance, Efficiency, Teamwork and Innovation”. The Bank will make every effort to provide better and newer financial services with best customer experience, to become the best bank for customers and to evolve into a respectable modern commercial bank with high reputation and core competitive advantages.