Bank of Ningbo Co Ltd - Company Profile
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Bank of Ningbo Co Ltd (Bank of Ningbo) is a provider of banking and other financial products and services. Sound capital adequacy, adequate liquidity, and improved asset quality are the major strengths of the bank; even as its limited geographic presence and net interest margin could be a cause for concern. The emergence of FinTech, digital transformation, the growing market for payments channels, and growing wealth management sector in China, could provide ample growth opportunities to the bank. However, risks related to online identity and theft, litigation risks, emergence of neobanks could affect the bank’s performance.
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