Bank of Ningbo Co., Ltd.

Shenzhen Stock Exchange 002142.SZ

Bank of Ningbo Co., Ltd. Return on Equity (ROE) for the year ending December 31, 2023: 13.36%

Bank of Ningbo Co., Ltd. Return on Equity (ROE) is 13.36% for the year ending December 31, 2023, a -2.98% change year over year. Return on equity measures profit against shareholder equity; higher ROE indicates superior profitability and value creation.
  • Bank of Ningbo Co., Ltd. Return on Equity (ROE) for the year ending December 31, 2022 was 13.77%, a 5.24% change year over year.
  • Bank of Ningbo Co., Ltd. Return on Equity (ROE) for the year ending December 31, 2021 was 13.08%, a 2.98% change year over year.
  • Bank of Ningbo Co., Ltd. Return on Equity (ROE) for the year ending December 31, 2020 was 12.70%, a -7.09% change year over year.
  • Bank of Ningbo Co., Ltd. Return on Equity (ROE) for the year ending December 31, 2019 was 13.67%, a -1.15% change year over year.
Key data
Date Return on Equity (ROE) Return on Capital Employed (ROCE) Interest Coverage Ratio Debt to Equity Ratio
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Shenzhen Stock Exchange: 002142.SZ

Bank of Ningbo Co., Ltd.

CEO Mr. Lingjun Zhuang
IPO Date July 19, 2007
Location China
Headquarters No. 345, Ningdong Road
Employees 29,209
Sector Finance
Industries
Description

Bank of Ningbo Co., Ltd. provides various personal and business banking products and services in the People's Republic of China. The company operates through Corporate Business, Personal Business, Treasury Business, and Other Business segments. It offers deposits; short-term, medium-term, and long-term loans; bank cards; domestic and international settlement services; bill discounting services; collection and payment agency, cashing proxy, and government bonds underwriting services; sells government and financial bonds; inter-bank lending and borrowing services; safe deposit box services; foreign exchange deposits; foreign currency exchange, loans, and remittances; bank guarantees; and insurance agency services, as well as other banking services. The company also provides financial bonds issuance; handles entrusted loan business of funds used for local fiscal credit turnover; foreign currencies purchase and sale; inter-bank foreign currency lending/borrowing; foreign currency bills acceptance and discount; foreign currency exchange and sales services; foreign exchange lending and guarantee services; and other business services. As of December 31, 2021, it operated 16 branches, 1 capital operation center located in Shanghai, and 19 first-level sub-branches located in the cities of Ningbo and Zhejiang province; Shanghai, Hangzhou, Nanjing, Shenzhen, Suzhou, Wenzhou, Beijing, Wuxi, Jinhua, Shaoxing, Taizhou, Jiaxing, Lishui, Huzhou, Quzhou, and Zhoushan. The company was formerly known as Ningbo Commercial Bank Co., Ltd. and changed its name to Bank of Ningbo Co., Ltd. in February 2007. Bank of Ningbo Co., Ltd. was founded in 1997 and is headquartered in Ningbo, the People's Republic of China.

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StockViz Staff

January 15, 2025

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