为了厘清本次纠纷，记者联系了宁波银行相关负责人。该负责人表示，虽然该投诉人注销了抖音"放心 借"账户，但是其贷款额度的有效期限是截止到2026年8月。"(银行)严格按照客户签署的《征信查询及 提供授权书》，是没有问题的。"该负责人还强调，截至目前，宁波银行未收到客户或平台传输的注销 额度申请，因此在额度有效期间，正常进行"贷后管理"查询。但同时，该负责人也表示，上述流程确实 容易导致客户"误解"。 尽管投诉人不愿"现身说法"，宁波银行也否认银行自身存在违规问题。但这一纠纷还是尖锐地揭示了当 前征信业务中的一些问题——金融机构的系统性风控逻辑与消费者个体感知的业务终止状态之间，存在 着巨大的认知与信息鸿沟。 银行的查询依据，或许是内部尚未及时更新的数据，抑或是与第三方平台之间复杂合作合同中延续的授 权条款；而消费者则认为，账户注销即意味着业务关系与查询授权的彻底终结。消费者与银行的各执一 词，暴露出机构在"合法、正当、必要"查询原则执行上的弹性与模糊性。 那么，商业银行在用户完成账户注销操作后，依旧以"授信额度存在"为由，持续发起征信查询的行为， 究竟是否合理？ 在接受央视网记者采访时，上海金融与发展实验室首席 ...

主题分享环节，宁波银行总行机构业务部常务副总经理柴姿发表《数智赋能・链通全球：宁波银行海外 财资中心助力机电外贸韧性增长》专题演讲，围绕海外财资中心服务与机电外贸企业需求的精准契合点 展开分享，深度剖析海外财资中心服务与机电外贸企业需求的精准契合点，获得现场企业广泛认可。 1月22日，第十九届中国机电产品进出口商会企业年会在北京亮马河饭店顺利召开。作为机电外贸领域 的年度盛会，本次活动由中国机电产品进出口商会主办，汇聚了超600名行业精英，宁波银行受邀参会 并与商会成功签署战略合作协议，为后续深度合作奠定坚实基础。 本次年会以"新格局、新动能、新路径"为主题，聚焦全球产业链调整背景下的机电外贸发展新机遇，邀 请到商务部、国家外汇管理局等部委领导，以及中国世界贸易组织研究会首席专家、中国宏观经济研究 院原副院长等行业专家深度解读"十五五"规划与外贸政策、中美经贸博弈走向及全球贸易格局发展趋 势，为行业发展定向领航。 参会人员主要来自政府机构、国央企、龙头民企及国际组织。政府层面，全国多省市商务局、贸促会负 责人齐聚；企业层面，中煤科工、葛洲坝、中国电气装备、上海电气、中兴通讯等央国企，徐工集团等 行业龙头，以及 ...

中收增速超 30%，活期存款新增占比高达 70% 宁波银行(002142) 宁波银行 2025 年业绩快报点评 | [姓名table_Authors] | 电话 | 邮箱 | 登记编号 | | --- | --- | --- | --- | | 马婷婷(分析师) | 021-23185608 | matingting@gtht.com | S0880525100001 | | 陈惠琴(分析师) | 021-38676666 | chenhuiqin@gtht.com | S0880525100003 | 本报告导读： 展望 2026 年，宁波银行有望继续在四个维度实现基本面与业绩双改善：信贷高增 长、以综合化经营优势沉淀活期存款、发挥财富管理及国际结算优势推动中收增长、 优化资产布局减轻信用成本压力。 投资要点： | [Table_Finance] 财务摘要（百万元） | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入 | 61,585 | 66,631 | 72,223 | 80,024 ...

在业绩增长的背后，负债端成本优化与中间业务收入提升成为关键支撑。 以宁波银行为例，其通过精细化存款管理与结构优化，2025年存款平均付息率较上年下降33个基点，显 著缓解了息差压力。与此同时，宁波银行的手续费及佣金收入同比增长30.72%，成为拉动营收的重要 引擎，反映出银行在财富管理、投资银行等轻资本业务上的拓展成效。 2025年，上市银行资产规模保持稳健增长。招商银行总资产突破13万亿元关口，多家中小银行资产增速 超过11%，规模扩张为业绩增长奠定了基础。 在资产投放上，银行普遍聚焦国家战略与实体经济薄弱环节。科技金融、绿色金融、普惠金融**成为信 贷重点投向，信贷结构进一步优化，服务实体经济质效不断提升。 财韵洞察网||截至2025年1月25日，已有招商银行、中信银行、浦发银行、杭州银行、宁波银行等8家A 股上市银行披露2025年度业绩快报，呈现出一幅整体稳健向好、结构亮点突出的年度答卷。 数据显示，这8家银行全部实现归母净利润同比正增长，其中7家同时实现营业收入与净利润"双增"，城 商行与部分股份制银行业绩增速相对领先。 从已披露的业绩快报看，2025年上市银行盈利回暖态势明显。全部8家银行的归母净利 ...

Investment Rating - The investment rating for the company is "Accumulate" with a target price of 38.89 CNY, while the current price is 28.98 CNY [6]. Core Views - The company is expected to achieve improvements in both fundamentals and performance across four dimensions in 2026: high credit growth, leveraging comprehensive operational advantages to increase demand deposits, enhancing middle-income growth through wealth management and international settlement, and optimizing asset allocation to reduce credit cost pressure [2]. Financial Summary - Revenue is projected to grow from 61,585 million CNY in 2023 to 89,866 million CNY in 2027, reflecting a compound annual growth rate (CAGR) of 12.3% [4]. - Net profit attributable to shareholders is expected to increase from 25,535 million CNY in 2023 to 36,718 million CNY in 2027, with a CAGR of 12.4% [4]. - The net asset value per share is forecasted to rise from 26.71 CNY in 2023 to 43.22 CNY in 2027 [4]. - The return on equity (ROE) is projected to stabilize around 13.1% by 2027, while the price-to-book (P/B) ratio is expected to decrease from 1.07 in 2023 to 0.66 in 2027 [4]. Performance Outlook - The company anticipates maintaining a high loan growth rate, stable interest margins, and a decline in non-performing loan generation in 2026, with net profit growth rates forecasted at 8.6%, 10.9%, and 12.4% for 2025-2027 [12]. - The total assets and total loans growth rates for Q4 2025 are expected to be 16.1% and 17.4%, respectively, indicating a leading position among listed banks [12]. - The company has seen a significant increase in demand deposits, with the proportion of demand deposits rising by 3.7 percentage points to 34.4% compared to the beginning of the year [12]. Asset Quality - As of Q4 2025, the non-performing loan ratio is stable at 0.76%, with a provision coverage ratio of 373.2%, indicating effective management of asset quality [12].

每经AI快讯，大金融板块集体走强，财通证券冲击涨停，兴业证券、新华保险、中国太保、宁波银行 涨超5%。 （文章来源：每日经济新闻） ...

Investment Rating - The report maintains an "Overweight" rating for the securities and banking sectors, while also recommending the insurance sector [8]. Core Insights - The market remains active with an average daily trading volume of 28 trillion yuan in A-shares, and the financing balance stabilizing at 2.7 trillion yuan. However, the ETF market has experienced significant volatility, with major outflows from core broad-based ETFs [11][16]. - The sentiment for market bullishness is strong, and the spring rally is expected to continue, particularly in the insurance sector where beta trading opportunities are anticipated [2][26]. - The central bank's governor indicated that there is still room for interest rate cuts, with the latest Loan Prime Rate (LPR) remaining unchanged for eight consecutive months [11][32]. Securities Sector Summary - The report highlights a positive outlook for the securities sector, with several brokerages reporting significant profit growth for 2025. The recommendation includes top brokerages such as CITIC Securities, Guotai Junan, and GF Securities [2][12]. - The average daily trading volume in the A-share market is noted at 28 trillion yuan, with a stable financing balance, indicating a recovery opportunity for the brokerage sector [11][12]. Insurance Sector Summary - The report suggests focusing on quality leading companies in the insurance sector, as the market sentiment remains strong and the spring rally is expected to continue [26][27]. - The insurance sector's fund holdings have increased, with major stocks like Ping An and China Life being highlighted for their significant market presence [27][31]. Banking Sector Summary - The banking sector is characterized by stable performance, with several banks reporting positive earnings forecasts for 2025. The report recommends quality individual stocks such as Nanjing Bank and Chengdu Bank [3][40]. - The central bank's comments on potential interest rate cuts and the expansion of wealth management products indicate a favorable environment for banks [32][33]. - The report notes a decline in bond allocations within bank wealth management products, with an increase in deposits and funds [37][34].

Investment Rating - The report maintains an "Overweight" rating for both the banking and securities sectors [6]. Core Insights - The financial sector shows a strategic allocation opportunity, with increased fund positions in banking, securities, and insurance stocks [1][5]. - The banking sector's fund position has slightly increased, indicating a return of risk appetite among investors [2][13]. - The securities sector is experiencing a recovery in fund positions, driven by market activity and performance expectations [3][5]. - The insurance sector has seen a significant increase in fund positions, with major insurance stocks being favored by investors [4][5]. Summary by Sections Banking Sector - As of Q4 2025, the banking sector's fund position increased by 0.04 percentage points to 1.89%, with large banks and joint-stock banks seeing gains, while city commercial banks experienced a decline [2][13]. - The top three heavy-weighted stocks in the banking sector account for 46.0% of the total fund position, indicating a concentration in holdings [13][27]. - The dividend yield for A/H shares in the banking sector is approximately 4.87%/4.88%, making it attractive compared to the 10-year government bond yield of 1.83% [5]. Securities Sector - The securities sector's fund position rose by 0.10 percentage points to 0.72%, although it remains at a historically low level [3][5]. - Major securities firms like CITIC Securities and Guotai Junan have been favored for their performance potential amidst market recovery [5][8]. - The average price-to-book ratio for large and small securities firms is 1.44x and 1.67x, respectively, indicating they are trading at 27% and 42% of their historical averages [5]. Insurance Sector - The insurance sector's fund position increased by 0.94 percentage points to 1.72%, with major stocks like Ping An and China Pacific receiving significant increases in holdings [4][5]. - The insurance index's price-to-book ratio is at 1.53x, which is at the 40th percentile of valuations since 2014, suggesting potential for valuation recovery [4][5]. - Strong sales performance in life insurance is noted, with a focus on high-elasticity stocks as key investment opportunities [4].

Investment Rating - The report maintains a "Strong Buy" rating for Ningbo Bank and Industrial Bank, expecting their stock prices to outperform the CSI 300 Index by over 20% within the next six months [38]. Core Insights - The People's Bank of China (PBOC) Governor Pan Gongsheng indicated that there is still room for interest rate cuts and reserve requirement ratio (RRR) reductions, with a commitment to continue a moderately loose monetary policy in 2026 [9][10]. - Ningbo Bank reported a year-on-year revenue growth of 8.01% and a net profit growth of 8.13% for 2025, with significant increases in intermediary business income by 30.72% and total assets growing by 16.11% [12]. - Industrial Bank's revenue and net profit showed slight increases of 0.24% and 0.34% respectively, with total assets surpassing 11 trillion yuan and a stable non-performing loan (NPL) ratio of 1.08% [12][13]. - The report highlights a recovery in bank holdings by active management funds, with a slight increase in the proportion of bank sector holdings to 1.06%, indicating potential for further investment [22]. Summary by Sections Monetary Policy - Pan Gongsheng emphasized the need for a flexible and effective use of monetary policy tools, including interest rate cuts and RRR reductions, to ensure liquidity remains ample and aligns with economic growth expectations [9][10]. Bank Performance - Ningbo Bank's strong performance is characterized by a low NPL ratio of 0.76% and a high provision coverage ratio of 373%, indicating robust risk management [12]. - Industrial Bank's performance is stable, with a focus on maintaining asset quality and a solid provision coverage ratio of 228% [12][13]. Market Trends - The banking sector saw a slight increase in active fund holdings, suggesting a potential recovery in investor confidence and interest in bank stocks [22]. - The report notes that the banking, securities, insurance, and fintech indices experienced declines, with the banking index down by 2.70% [23].

Core Viewpoint - The first batch of eight listed banks in China has reported their 2025 performance, showing overall positive growth in net profit and revenue, with a focus on optimizing business structures and enhancing risk management for 2026 [1][2]. Group 1: Financial Performance - All eight listed banks reported a year-on-year increase in net profit, with seven achieving both revenue and net profit growth [2] - Hangzhou Bank led with a 12.05% increase in net profit, while Ningbo Bank and Nanjing Bank reported growths of 8.13% and 8.08% respectively [2] - Among joint-stock banks, Pudong Development Bank saw a notable 10.52% increase in net profit, while CITIC Bank, China Merchants Bank, and Industrial Bank reported growths of 2.98%, 1.21%, and 0.34% respectively [2] - Seven banks achieved revenue growth, with only CITIC Bank experiencing a slight decline of 0.55% [2] - Ningbo Bank's revenue grew by 8.01% to 71.968 billion yuan, driven by a 30.72% increase in net income from fees and commissions [2] Group 2: Asset Expansion - Total assets of several banks have expanded significantly, with China Merchants Bank surpassing 13 trillion yuan and Industrial Bank reaching 11 trillion yuan [3] - Smaller banks like Nanjing Bank, Ningbo Bank, and Hangzhou Bank saw asset growth rates of 16.63%, 16.11%, and 11.96% respectively, focusing on technology finance, green finance, and inclusive finance [3] Group 3: Asset Quality - The asset quality indicators remain stable, with a decrease in non-performing loan (NPL) ratios for four banks and three remaining stable [4] - Pudong Development Bank reported a significant decrease in NPL ratio by 10 basis points to 1.26%, while CITIC Bank and China Merchants Bank saw declines of 1 basis point to 1.15% and 0.94% respectively [4] - The overall provision coverage ratio has slightly decreased but remains at a high level, with several banks maintaining coverage ratios above 300% [4] Group 4: Future Strategies - Many banks have outlined their 2026 operational focuses, emphasizing business structure optimization, expanding fee income sources, and strengthening risk management [5][6] - Bank of Beijing has set ten key initiatives for 2026, aiming for qualitative and quantitative growth through deepening specific banking services and ensuring compliance [6]