Research on the Impact of Digital Financial Inclusion on Credit Risk of Ningbo Banks

The booming development of digital inclusive finance in China has brought unprecedented opportunities to commercial banks, but also faces serious challenges. The increasing competition in loans, deposits and intermediate business of commercial banks has led to the rising cost of capital and a significant decline in their profitability, which in turn has triggered a series of credit risks. The article centers on the micro subject of city commercial banks, and empirically analyzes the impact of the development of digital inclusive finance on the credit risk level of Bank of Ningbo, taking Bank of Ningbo as an example. Through the empirical analysis, it provides some suggestions on credit risk prevention and control for the regulatory authorities and the bank itself, helps city commercial banks to complete digital transformation and upgrading, improves the digital and intelligent level of risk management, promotes sound and sustainable development, realizes the sustainability of high-quality development, and steadily moves forward to the prospect of becoming a first-class comprehensive financial service provider.