Bank of Ningbo Addresses Inquiry Regarding Bill Overdue Incident

During the 2025 online performance briefing held by Bank of Ningbo on May 15, a researcher from Huafu Securities inquired about a reported bill overdue situation at the bank. According to the researcher, data from the Shanghai Commercial Paper Exchange indicated that as of March 31, 2026, Bank of Ningbo had overdue bills amounting to 5,578.18 yuan, with a cumulative overdue amount of 6.1951 million yuan.

In response, Feng Peijiong, the designated president of Bank of Ningbo, explained that the overdue bank acceptance bill disclosed by the exchange was due to a court-ordered freeze and payment suspension on the instrument. Consequently, the system could not process the automatic payment on the due date. Feng stated that the bank had manually transferred the funds to the court's account, and the bill has since been settled. The exchange's disclosure information has been updated, showing the current overdue balance at zero.

A check of the exchange's website on May 15 confirmed the update. The latest disclosure shows Bank of Ningbo's current overdue balance is zero yuan, with a cumulative overdue amount of 6.1895 million yuan, reflecting a decrease of approximately 5,578.18 yuan from the previous figure.

According to the bank's annual report, as of the end of 2025, the balance of discounted bills at Bank of Ningbo stood at 125.680 billion yuan, accounting for 7.25% of its total loans and advances. During the reporting period, the bank served 30,000 discounting customers, with small and micro enterprises and manufacturing firms comprising over 96% of this clientele.

As of December 31, 2025, Bank of Ningbo was involved in pending litigation and disputes as a defendant, with the total amount in dispute reaching 1.917 billion yuan. The bank's management believes the final rulings in these legal proceedings will not significantly impact its financial condition or operations. Furthermore, the bank has adequately accounted for the associated risks and uncertainties of these pending cases and has recognized relevant provisions based on best estimates.