Bank Of Ningbo Co Ltd Class A
002142: XSHE (CHN)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
¥66.00 | Vjbc | Gtfbwhrmj |
Growth at Bank of Ningbo Remains Strong, but We See Increasing Credit Risks
Business Strategy and Outlook
Bank of Ningbo, or BONB, is the fifth largest city commercial bank in China, with some of the best profitability metrics among peers and above-peers growth over the past decade thanks to a differentiated business strategy and extensive branch network in the most affluent areas in China.