Bank of Ningbo
Encyclopedia
Bank of Ningbo Company Limited is a city
commercial bank
in Ningbo
, Zhejiang
, China
. As of June 2008, it operated 78 branches in Ningbo and Shanghai
. Since January 2008, Bank of Ningbo has become one of the constitute stocks in Shenzhen Stock Exchange Component Index. In August 2008, the bank relocated several major departments from Ningbo to Shanghai.
It was founded in 1997 as the Ningbo Commercial Bank. In 2007, it changed its name to Bank of Ningbo and listed its shares on the Shenzhen Stock Exchange
. In 2006, Singapore's
Oversea-Chinese Banking Corporation
took a 12.2% stake in Bank of Ningbo.
City
A city is a relatively large and permanent settlement. Although there is no agreement on how a city is distinguished from a town within general English language meanings, many cities have a particular administrative, legal, or historical status based on local law.For example, in the U.S...
commercial bank
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
in Ningbo
Ningbo
Ningbo is a seaport city of northeastern Zhejiang province, Eastern China. Holding sub-provincial administrative status, the municipality has a population of 7,605,700 inhabitants at the 2010 census whom 3,089,180 in the built up area made of 6 urban districts. It lies south of the Hangzhou Bay,...
, Zhejiang
Zhejiang
Zhejiang is an eastern coastal province of the People's Republic of China. The word Zhejiang was the old name of the Qiantang River, which passes through Hangzhou, the provincial capital...
, China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
. As of June 2008, it operated 78 branches in Ningbo and Shanghai
Shanghai
Shanghai is the largest city by population in China and the largest city proper in the world. It is one of the four province-level municipalities in the People's Republic of China, with a total population of over 23 million as of 2010...
. Since January 2008, Bank of Ningbo has become one of the constitute stocks in Shenzhen Stock Exchange Component Index. In August 2008, the bank relocated several major departments from Ningbo to Shanghai.
It was founded in 1997 as the Ningbo Commercial Bank. In 2007, it changed its name to Bank of Ningbo and listed its shares on the Shenzhen Stock Exchange
Shenzhen Stock Exchange
The Shenzhen Stock Exchange is one of the People's Republic of China's two stock exchanges, alongside the Shanghai Stock Exchange. It is based in Shenzhen, China...
. In 2006, Singapore's
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
Oversea-Chinese Banking Corporation
Oversea-Chinese Banking Corporation
The Oversea-Chinese Banking Corporation Limited , abbreviated as OCBC Bank , is a publicly listed financial services organisation with its head office in Singapore. OCBC Bank is one of Singapore's leading local banks, with group assets of more than 224 billion SGD. It has one of the highest bank...
took a 12.2% stake in Bank of Ningbo.