Ping An Bank’s Net Profit Surges – Xinhua

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

The lender said it earned over 36.3 billion yuan ($5.7 billion) in net profit last year. Meanwhile, its revenue grew 10.3% year-on-year to nearly 169.4 billion yuan.

Read the full report: Xinhua

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.

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