Company Study of Bank of Ningbo

Till the end of 2006, Ningbo city totally holds 249,300 individual industrial and commercial units and 482,600 employees; and meanwhile there are also 83,200 private enterprises and 180,400 investors in Ningbo. In 2006, for the whole Ningbo city, total production values from both individually-owned enterprise and private enterprises realized RMB 227.068 billion, accounting for about 80% of GDP in Ningbo.

Till the end of 2006, total deposit balances of RMB and foreign currencies in Ningbo banking financial institutions have realized RMB 470.05 billion, up by 20.03% year-on-year. Furthermore, total loan balances of RMB and foreign currencies have reached RMB 391 billion, up by 26.56% year-on-year. Besides, paper profits of Ningbo banking financial institutions has realized RMB 9.359 billion, up by 37.34% year-on-year; non-performing loans balances reached RMB 7.723 billion at the end of 2006, down by 1.025 billion compared with that at the beginning of 2006; and non-performing loan ratio was 1.98%, down by 0.87 percentage points compared with that at the beginning of 2006.

Till the year of 2006, Bank of Ningbo has kept crediting business relations with more than 3,986 companies, of which medium & small-scale enterprise clients accounted for 94.8%, and private enterprise clients accounted for 78.78%.

In 2006, operating profits of individual business in Bank of Ningbo reached RMB 156 million up by 1256% over 2004, accounting for 18.6% of total operating profits.