The Bank of Ningbo's net profit attributable to equity holders of the listed company hit 19.515 billion yuan ($3 billion) in 2021, rising by 29.67 percent year-on-year, according to the annual report which was recently released by the bank.

Headquartered in Ningbo, East China's Zhejiang province, the bank's revenue totaled 52.721 billion yuan in the past year, up by 28.24 percent year-on-year.

As of the end of 2021, its total assets had reached 2.015 trillion yuan, a yearly uptick of 23.88 percent over the same period of the previous year.

Deposits of all kinds in the bank were valued at 1.053 trillion yuan, increasing by 13.81 percent year-on-year while loans were valued at 862.709 billion yuan, up 25.45 percent.

Last year, the bank's non-performing loan ratio was 0.77 percent, 0.02 percentage points lower than the previous year.

Nineteen of the 22 listed banks in China which have released their financial report for 2021 reported double-digital growth in their net profit attributable to equity holders of the parent company in 2021.

The Bank of Ningbo was ranked top in terms of revenue growth rate, while the Bank of Jiangsu saw the biggest increase in net profit attributable to equity holders of the parent company.

Founded in April 1997, the Bank of Ningbo debuted on the Shenzhen Stock Exchange on July 19, 2007.