On February 26, Ningbo Bank, the &#34;leader&#34; among city commercial banks with total assets exceeding 3.6 trillion yuan, announced a series of personnel changes:
The bank's ninth board of directors meeting decided to elect Zhuang Lingjun as the chairman of the ninth board of directors, and also agreed to appoint Feng Peijiong as the president of the bank.
The qualifications of both individuals are currently pending final approval from the Ningbo Regulatory Bureau of the National Financial Supervisory Administration. In the meantime, the board has designated the two to perform the duties of chairman and president respectively.
With this change in core executives, the original chairman Lu Huayu, who has led Ningbo Bank for over twenty years, officially retired upon reaching the retirement age.
It is reported that the newly appointed Zhuang Lingjun was born in July 1979 and is a senior cadre cultivated from within Ningbo Bank.
Looking back at his career, Zhuang Lingjun has held key positions such as assistant president of the Beilun branch of Ningbo Bank, assistant general manager of the personal banking department at the head office, vice president of the Shenzhen branch, general manager of the risk management department at the head office, and president of the Beijing branch.
In October 2019, Zhuang Lingjun was appointed vice president of Ningbo Bank, officially entering the executive ranks, and subsequently took over as president of Ningbo Bank in April 2022.
It is noteworthy that the youngest chairman among A-share listed banks is Liang Yanbo of Qingdao Rural Commercial Bank, who was born in August 1978.
Once Zhuang Lingjun's chairman qualification is officially approved, this record will be broken, as the currently 46-year-old Zhuang Lingjun will officially become the youngest chairman among A-share listed banks.
The new president Feng Peijiong, who will partner with Zhuang Lingjun, is also a &#34;veteran&#34; of Ningbo Bank.
According to information, Feng Peijiong was born in November 1974 and has held positions such as general manager of the human resources department at the head office, general manager of the personal banking department and credit card center, and president of the Suzhou branch. He has served as vice president of the bank since 2015 and has rich experience in cross-line business management.
The complete succession of these two &#34;post-70s&#34; executives marks the official entry of Ningbo Bank into a new management era characterized by youth and professionalism.
According to Ningbo Bank's recent performance report for 2025, by the end of 2025, the bank's total assets had reached 36,286.01 billion yuan, an increase of 16.11% compared to the beginning of the year, maintaining a double-digit steady expansion pace.
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In terms of operational efficiency, Ningbo Bank continues to demonstrate strong profitability resilience in a complex and changing macro environment:
For the entire year of 2025, the bank achieved operating income of 71.968 billion yuan, a year-on-year increase of 8.01%; and net profit attributable to shareholders of the parent company reached 29.333 billion yuan, a year-on-year increase of 8.13%.
This growth rate is relatively leading among the listed banks that have disclosed data so far.
From the revenue structure perspective, the continuous growth of light capital business has become an important growth engine:
In 2025, Ningbo Bank achieved net interest income of 53.161 billion yuan, a year-on-year increase of 10.77%; while net fee and commission income reached 6.085 billion yuan, a significant year-on-year increase of 30.72%, further optimizing the business structure
On the core indicator of asset quality, Bank of Ningbo continues to maintain a good level within the industry.
As of the end of 2025, the bank's non-performing loan balance was CNY 13.147 billion, with a non-performing loan ratio stable at 0.76%, unchanged from the end of the previous year; at the same time, the provision coverage ratio reached 373.16%, indicating that the risk compensation ability remains sufficient.
After the new management team took office, they faced not only a solid foundation but also the common challenges of the banking industry's overall net interest margin narrowing and the structural transformation of real credit demand.
On the asset side, with multiple reductions in the Loan Prime Rate (LPR) and the overall decline in market interest rates, how to balance the &#34;quantity&#34; and &#34;price&#34; of credit issuance and find high-yield assets will be a practical issue for Zhuang Lingjun and Feng Peijiong.
The market generally expects that Bank of Ningbo will continue to rely on the economic vitality of the Yangtze River Delta and Zhejiang region, adhering to a differentiated positioning of &#34;large banks cannot do well, and small banks cannot do it.&#34;
How the youthful &#34;Zhuang-Feng pairing&#34; will lead this CNY 3.6 trillion city commercial bank giant to continue deepening its engagement in the real economy and wealth management while maintaining high growth in performance under the premise of risk prevention is what the market is eagerly watching

On February 26th, Ningbo Bank, the "leader" among city commercial banks with total assets exceeding 3.6 trillion, announced a series of personnel changes: the bank's ninth board of directors

Ningbo Bank "changes leadership," set to welcome the youngest chairman of an A-share listed bank