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Bank of NingboChina

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-05-24 11:19:52
Contact:

Yu Xiaogang, Founder of Green Watershed

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-05-24 11:19:52
Contact:

Yu Xiaogang, Founder of Green Watershed

Bank info
BankTrack campaigns
All
About
Website http://www.nbcb.cn/ywb/index.shtml
Headquarters
No. 294, Zhongshan East Road
Ningbo, Zhejiang
China
CEO/chair Mr. Lu Huayu
Chairman
Supervisor
China Banking and Investment Regulatory Commission (CBIRC)
Ownership
listed on Shenzhen Stock Exchange

Bank of Ningbo is a shareholding commercial bank that was established in April 1997.  In July 2007 it was listed on the Shenzhen Stock Exchange.  By September 2011 the bank owned 8 branches and had 126 sub-branches, operating in cities such as Shanghai, Nanjing, Hangzhou, Shenzhen, Suzhou, Wenzhou, Beijing, and Wuxi.

The bank offers a variety of services to individuals, corporate, and small business clients.  Services include the following: loans; deposits; trade financing; financing services for small companies; personal savings; foreign exchange trading; bond business; and credit card services. 

 

Sustainability
Policies
Voluntary standards

2008 - None

2009 - None

2010 - None

2011 - None

2012

Official announcement of the "2012 Bank of Ningbo Credit Policy," which requires the restriction of credit extensions to "Two Highs" industries, and according to the principles of "total control, choose the superior and limit the inferior, and advance and retreat", and through a thorough search of credit business, to methodically establish a list of companies with excess capacity to be limited and supervised, and to endorse the gradual limitation of authority of the entire credit industry.

 

 

Bank of Ningbo has committed itself to the following voluntary standards:
News
Resources
Documents

Banking on biodiversity collapse 2024

Partner publication
2024-10-16 00:00:00 | Forest and Finance Coalition

Drill, baby, drill

How banks, investors and insurers are driving oil and gas expansion in the Arctic
NGO document
2021-09-23 00:00:00 | Reclaim Finance

Financiers of IOI and Asia Pulp & Paper (APP) face material ESG risks from failure to respect land tenure rights

NGO document
2017-03-27 00:00:00 | RAN, TuK & Profundo

Going out, but going green?

Assessing the implementation of China's Green Credit Guidelines
BankTrack publication
2014-11-25 00:00:00 | BankTrack, Friends of the Earth US

Annual Report 2013

Annual report
2014-07-04 00:00:00 | Bank of Ningbo

Green Credit Footprint of Chinese banks (2008-2012)

-Chinese version-
NGO document
2013-11-25 00:00:00 | Green Watershed

2012 Annual Report Ningbo

English
Annual report
2013-06-01 00:00:00

Annual Report 2012 (Chinese)

Annual report
2013-04-24 00:00:00 | Bank of Ningbo

Corporate Social Responsibility Report 2012 (Chinese)

Annual report
2013-04-24 00:00:00 | Bank of Ningbo

Environmental report on Chinese banks 2011

-English summary-
NGO document
2012-11-26 00:00:00 | Green Watershed

Executive Summary of Environmental Report on Chinese Banks (2011)

NGO document
2012-03-28 00:00:00 | Green Watershed

Notice of the CBRC on Issuing the Green Credit Guidelines

Other bank document
2012-02-24 00:00:00 | China Banking Regulatory Commission

民间环保组织就陆良化工铬污染事件致16家中资上市银行的公开信（Chinese）

Correspondence
2011-08-29 00:00:00 | Green Watershed

An Open Letter from a Coalition of Environmental NGOs to 16 Chinese banks Regarding the Chromium Pollution Incident in Luliang(English)

Correspondence
2011-08-29 00:00:00 | Green Watershed
Accountability

This page evaluates Bank of Ningbo's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Climate

Banks and Climate

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Bank of Ningbo’s fossil fuel policy below.

Assessment of Bank of Ningbo's coal policy in the Coal Policy Tool

Assessment of Bank of Ningbo's policy in the Oil & Gas Policy Tracker
Banks and Steel

Banks and Steel

According to a report by Reclaim Finance, between 2016 and June 2023, Bank of Ningbo provided $5.3 billion in finance to the fossil-steel industry, making it the 25th largest financier worldwide. Find further details on Bank of Ningbo's steel financing and how it compares to other large banks globally in the report. 

Steeling our future: The banks propping up coal-based steel