Bank of Ningbo reports growth amid shareholder meeting plans

Bank of Ningbo (SZSE:002142) reported steady financial performance for the first quarter of 2025, with net profit attributable to shareholders reaching CNY 7.417 billion, a 5.76% increase year-over-year. Operating income rose to CNY 18.495 billion, up 5.63% from the same period last year. The bank's total assets increased by 8.67% to CNY 3,396.035 billion. The non-performing loan ratio remained stable at 0.76%, and the provision coverage ratio stood at 370.54%.