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Zhejiang city commercial bank known for strong asset quality and small-business/retail lending in the wealthy Yangtze Delta.
Zhejiang city commercial bank known for strong asset quality and small-business/retail lending in the wealthy Yangtze Delta.
Earns mostly from the spread on loans to small firms and consumers in Zhejiang and the surrounding region, with fees from wealth products. Singapore's OCBC Bank is one of its largest shareholders alongside Ningbo state entities.
In one line: A well-run Chinese regional bank, comparable to a top-tier US community bank.
Moat: narrow (process know-how, brand). Long-standing reputation for prudent underwriting and low bad-loan ratios versus peer city banks.
Headquarters: Ningbo, Zhejiang, China · Founded: 1997 · Employees: 24,857
Size Bank of Ningbo (002142.SZ) is a China Financials company (Regional Banks) with a market value of $34.0B, the 53rd largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥34.28 on 6 Nov 2026.
Performance Over six months the shares gained 3.2%, against +9.7% for the median peer and -16.4% for the China market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 2.5% over the last twelve months (peer median +2.1%); the operating margin is 43.7% (peer median 32.3%).
Valuation It trades at 0.92× book value against a peer median of 1.33× (6th cheapest of 21).
Price implies The share price implies a return on equity of about 7.0%; Bank of Ningbo delivers 13.3%, so the price asks less than the business earns today.
Next results Next results expected around 15 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥131B | CN¥126B | CN¥122B | CN¥110B | CN¥98.1B |
| Revenue growth | — | +3% | +11% | +13% | — |
| Net income | CN¥32.0B | CN¥29.3B | CN¥27.1B | CN¥25.5B | CN¥23.1B |
| Free cash flow | -CN¥372B | CN¥42.7B | -CN¥127B | CN¥56.6B | CN¥41.9B |
| Capital expenditure | CN¥3.77B | CN¥3.44B | CN¥3.83B | CN¥3.71B | CN¥2.87B |
| Total debt | CN¥1.49T | CN¥1.29T | CN¥977B | CN¥887B | CN¥821B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Bank of Ningbo 002142.SZ | $34.0B | +3% | +3% | 13% | 0.92× | 7.0% |
| Bank of Jiangsu 600919.SS | $35.1B | +13% | +5% | 13% | 0.83× | 2.9% |
| Bank of Hangzhou 600926.SS | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% |
| China Merchants Bank 600036.SS | $164B | +12% | +9% | 14% | 0.94× | 5.4% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 002142.SZ | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.9% | +1.4% | 5th lowest of 21 |
| 6-month return | +3.2% | +9.7% | 7th lowest of 21 |
| Return on equity | 13.3% | 10.9% | 9th highest of 21 |
| Price / book | 0.92× | 1.33× | 6th cheapest of 21 |
| Trailing P/E | 7.1× | 12.8× | 4th cheapest of 20 |
| ROE the price implies | 7.0% | 9.1% | 6th least demanding of 21 |
| ROE delivered | 13.3% | 11.0% | 9th highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Bank of Ningbo 002142.SZ | China | $34.0B | +3% | +3% | 13% | 0.92× | 7.0% | 13.3% |
| Bank of Jiangsu 600919.SS | China | $35.1B | +13% | +5% | 13% | 0.83× | 2.9% | 12.8% |
| M&T Bank MTB | United States | $31.4B | +3% | 0% | 11% | 1.24× | 9.3% | 10.6% |
| Resona 8308.T | Japan | $30.8B | +9% | +17% | 9% | 1.57× | 8.7% | 9.3% |
| KBFinancialGroup 105560.KS | South Korea | $37.5B | -5% | +32% | 10% | 0.99× | 5.6% | n/a |
| Banca Monte dei Paschi di Siena BMPS.MI | Italy | $38.4B | +19% | +55% | 16% | 1.30× | 13.9% | 15.5% |
| Ctbc Financial 2891.TW | Taiwan | $43.7B | +37% | +9% | 15% | 2.06× | 8.9% | 14.7% |
| First Citizens BancShares FCNCA | United States | $25.2B | +16% | 0% | 11% | 1.29× | 9.3% | 11.0% |
| Commerzbank CBK.DE | Germany | $46.3B | +4% | -3% | 10% | 1.36× | 10.3% | 10.3% |
| Grupo Cibest S.A. Unsponsored ADR Pfd CIB | United States | $24.7B | +42% | +7% | 19% | 1.97× | 14.4% | 18.9% |
| Fifth Third Bancorp FITB | United States | $47.9B | +8% | +15% | 9% | 1.55× | 13.6% | 9.4% |
| Mediobanca - Banca di Credito Finanziario MB.MI | Italy | $23.7B | +26% | +4% | 11% | 1.82× | 18.7% | 10.8% |
| Shanghai Pudong Development Bank 600000.SS | China | $50.1B | +8% | -3% | 6% | 0.40× | 2.0% | 6.1% |
| Credit Agricole ACA.PA | France | $53.7B | -8% | -1% | 9% | 0.68× | 8.1% | 8.9% |
| Hua Nan Financial 2880.TW | Taiwan | $20.8B | +50% | -37% | 14% | 2.85× | 7.9% | 14.1% |
| Erste Bank Polska EBP.WA | Poland | $20.4B | +35% | -9% | 16% | 2.42× | 26.7% | 15.6% |
| Nu Holdings Ltd. Class A NU | United States | $58.1B | -13% | +54% | 32% | 4.39× | 32.4% | 31.6% |
| Truist Financial TFC | United States | $59.2B | +1% | -5% | 8% | 1.06× | 9.6% | 8.2% |
| Sinopac Financial Hldgs 2890.TW | Taiwan | $19.3B | +36% | +31% | 16% | 2.34× | 7.7% | 16.3% |
| Bank of Beijing 601169.SS | China | $18.6B | +11% | -5% | 7% | 0.43× | 2.0% | 7.3% |
| Bank of Hangzhou 600926.SS | China | $18.6B | -2% | -3% | 14% | 0.86× | 3.0% | 13.8% |