On April 7, Bank Of Ningbo Co.Ltd(002142) ( Bank Of Ningbo Co.Ltd(002142) . SZ) released the annual report of 2021. With the performance of urban commercial banks leading the banking industry, the transcript of “top students” Bank Of Ningbo Co.Ltd(002142) continues to shine.
During the reporting period, Bank Of Ningbo Co.Ltd(002142) realized a net profit of 19.546 billion yuan attributable to the shareholders of the parent company, with a year-on-year increase of 29.87%; The operating revenue was 52.774 billion yuan, a year-on-year increase of 28.37%; At the end of the reporting period, the non-performing loan ratio was 0.77% and the provision coverage reached 525.52%, which is also the best level of the bank in recent ten years. The bank plans to distribute a cash dividend of 5 yuan (including tax) for every 10 shares.
It is worth noting that at the end of the reporting period, Bank Of Ningbo Co.Ltd(002142) in the valuation of A-share listed banks continued to lead, with a total market value of more than 250 billion yuan at the end of the year, ranking 10th among listed banks.
In terms of business scale, Bank Of Ningbo Co.Ltd(002142) has reached a new level. By the end of 2021, the total assets of the bank had reached 2015607 billion yuan, exceeding 2 trillion yuan for the first time, an increase of 23.90% over the end of the previous year. The business scale had reached a new level, and the number of service customers had also reached a new high. By the end of 2021, all deposits had reached 1052887 billion yuan, an increase of 13.80% over the end of the previous year; Various loans amounted to 862709 billion yuan, an increase of 25.45% over the end of the previous year; The total number of enterprise customers is 490000, an increase of 29000 over the beginning of the year, of which more than 90% are small and micro enterprises and private enterprises.
In terms of asset quality, the bank’s non-performing assets continued to remain low. By the end of 2021, the balance of Bank Of Ningbo Co.Ltd(002142) non-performing loans was 6.619 billion yuan, and the balance of overdue loans over 90 days was 4.684 billion yuan. The non-performing loan ratio was 0.77%, down 0.02 percentage points from the end of the previous year, and continued to maintain a low level in the industry. The proportion of concerned loans and loans overdue for more than 90 days was 0.48% and 0.54% respectively, down 0.02 and 0.12 percentage points respectively compared with the end of the previous year. The loan allocation ratio was 4.03%, an increase of 0.02 percentage points over the end of the previous year; The provision coverage rate was 525.52%, an increase of 19.93 percentage points over the end of the previous year.
By the end of 2021, Bank Of Ningbo Co.Ltd(002142) capital adequacy ratio was 15.44%, 0.6 percentage points higher than that at the end of the previous year; The tier 1 capital adequacy ratio was 11.29%, an increase of 0.41% over the end of the previous year; The core tier 1 capital adequacy ratio was 10.16%, an increase of 0.64% over the end of the previous year; The weighted average return on net assets was 16.63%, an increase of 1.73% over the end of the previous year.
In addition, the interface news noted that Bank Of Ningbo Co.Ltd(002142) recently ushered in a new president. On March 25, Bank Of Ningbo Co.Ltd(002142) the board of directors deliberated and approved the proposal unanimously, and appointed Zhuang Lingjun as the president of the bank. The qualification takes effect from the date of approval by the regulatory authority.
According to public information, Zhuang Lingjun was born in July 1979, and has been appointed as Bank Of Ningbo Co.Ltd(002142) vice president since October 2019 and executive director of the bank since April 2020.
Before that, Zhuang Lingjun joined Bank Of Ningbo Co.Ltd(002142) , and successively served as the business manager of the head office’s business department, the product manager, senior deputy manager and senior manager of the head office’s personal banking department, and the president assistant of Beilun sub branch; From September 2011 to March 2012, served as the assistant to the general manager of the Personal Banking Department of the head office; From March 2012 to July 2013, served as assistant president and vice president of Shenzhen Branch; From July 2013 to January 2015, served as president of Mingzhou sub branch; From January 2015 to September 2015, served as the general manager of the risk management department of the head office; From September 2015 to October 2019, he served as the president of Beijing Branch.
In addition, Bank Of Ningbo Co.Ltd(002142) the board meeting also agreed to appoint Luo Weikai as Bank Of Ningbo Co.Ltd(002142) vice president and financial director, and nominated him as a director candidate of the seventh board of directors. Luo Weikai was born in April 1965 and has served as Bank Of Ningbo Co.Ltd(002142) full-time Deputy Secretary of the Party Committee since February 2020.
