Ping An Bank net profit up in 2021

SHANGHAI -- Ping An Bank, a Shenzhen-listed lender controlled by Ping An Insurance, saw a net profit surge of 25.6 percent year on year in 2021.

In its annual report filed with the Shenzhen Stock Exchange Wednesday, the lender said it earned over 36.3 billion yuan (about $5.7 billion) in net profit last year. Meanwhile, its revenue grew 10.3 percent year-on-year to nearly 169.4 billion yuan.

By the end of 2021, the bank's non-performing loan ratio stood at 1.02 percent, down by 0.16 percentage points from a year ago.

Its total assets had reached over 4.92 trillion yuan by the end of December, up 10.1 percent from the end of 2020, noted the annual report.