Bank Of Ningbo Co.,Ltd.’s Net Profit Rose 15.8% in First Quarter of 2023

Bank Of Ningbo Co.,Ltd. (宁波银行股份有限公司) (002142.SZ) reported a net profit of 6.6 billion yuan in the first quarter of 2023, up 15.8% year-on-year.

Meanwhile, the company posted 16.6 billion yuan in revenue, up 8.5% year-on-year.

At the end of the reporting period, it had 2.5 trillion yuan in total assets and 2.4 trillion yuan in total liabilities, with a liability-to-asset ratio of 93.1%.