Bank of Ningbo Co Ltd
SZSE:002142
Bank of Ningbo Co Ltd's latest stock split occurred on Jul 11, 2017
The company executed a 13-for-10 stock split, meaning that for every 10 shares held, investors received 13 new shares.
Before the split, Bank of Ningbo Co Ltd traded at 18.4275 per share. Afterward, the share price was about 13.3121.
The adjusted shares began trading on Jul 11, 2017. This was Bank of Ningbo Co Ltd's 2nd stock split, following the previous one in Jul 15, 2015.
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Bank of Ningbo Co Ltd
Glance View
Nestled in the bustling economic hub of China's eastern coast, Bank of Ningbo Co Ltd has emerged as a formidable player in the banking sector. Its establishment in the picturesque city of Ningbo set the stage for swift growth driven by an agile business model adept at capturing the nuances of China's ever-evolving financial landscape. Primarily, the bank serves small and medium-sized enterprises (SMEs), tapping into the entrepreneurial spirit that defines much of the region's economic vigor. Through a network of strategically located branches and an innovative digital platform, Bank of Ningbo stands out by offering tailored financial solutions that cater specifically to the unique needs of local businesses, positioning itself as an indispensable partner in their growth trajectories. The bank's strategy hinges on a diversified revenue stream, deftly balancing traditional banking services—such as deposits and loans—with more progressive offerings, including asset management, wealth management, and investment banking. Regular revenue from interest spread on loans ensures a steady income, while fee-based services provide a cushion against volatile interest rates. This dual approach not only bolsters its financial stability but also underscores its adaptability in meeting market demands. By integrating cutting-edge technology with personalized customer service, Bank of Ningbo not only enhances operational efficiency but also enriches client relationships, reinforcing its solid reputation in both local and national markets.
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