Ping'an Bank has reported an overall improvement in its performance in the first half of this year, but also admitted it is facing greater pressure from bad loans.

The Shenzhen-based subsidiary of Ping An Insurance Company of China Ltd recorded a net profit of 11.59 billion yuan ($1.81 billion) in the first six months, a 15.02 percent increase on the same period last year.

Its net non-interest income reached 15.457 billion yuan, accounting for a record high of 33.19 percent of its total revenue.