Bank of Ningbo reports strong H1 2025 earnings, raises dividend

Bank of Ningbo reported a net profit attributable to shareholders of CNY 14.772 bn for the first half of 2025, an 8.23% increase year-on-year. Operating income reached CNY 37.160 bn, up 7.91%.

The bank's total assets grew by 11.04% to CNY 3,470.332 bn, with customer deposits increasing by 13.07% to CNY 2,076.414 bn. The board approved a cash dividend of CNY 3 per 10 shares (including tax), totaling CNY 1.981 bn, representing 13.41% of the net profit attributable to shareholders. This proposal awaits approval at the general meeting.

The bank maintained stable asset quality, with a non-performing loan ratio of 0.76% and a provision coverage ratio of 374.16%. Capital adequacy ratios remained healthy, with a core tier-one capital adequacy ratio of 9.65% and a total capital adequacy ratio of 15.21%, both exceeding regulatory requirements. The bank emphasized its commitment to financial technology innovation and risk management to support sustainable growth.