SHENZHEN, Feb. 1 (Xinhua) -- Ping An Bank, a Shenzhen-listed lender controlled by Ping An Insurance, posted a year-on-year increase of 2.6 percent in net profit for 2020.

In its annual report filed with the Shenzhen Stock Exchange, the lender said it earned a net profit of 28.9 billion yuan (about 4.5 billion U.S. dollars) last year. Meanwhile, its revenue grew 11.3 percent year on year to 153.5 billion yuan.

By the end of 2020, the bank's non-performing loan ratio stood at 1.18 percent, down by 0.47 percentage points from a year ago.

Its total assets had reached nearly 4.47 trillion yuan by the end of December, up 13.4 percent from the end of 2019, according to the annual report. Enditem

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