Bank Of Ningbo Co Ltd Class A

002142: XSHE (CHN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CNY 78.00	Thjd	Tmmvhvrmh

Growth at Bank of Ningbo Remains Strong, but We See Increasing Credit Risks

Iris Tan

Apr 10, 2024

Business Strategy and Outlook

Bank of Ningbo, or BONB, is the fifth largest city commercial bank in China, with some of the best profitability metrics among peers and above-peers growth over the past decade thanks to a differentiated business strategy and extensive branch network in the most affluent areas in China.

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