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Total Assets at PSBC Ranks 22nd among Top 1,000 World Banks
Total Assets at PSBC Ranks 22nd among Top 1,000 World Banks
| China Post |2016-07-20

Postal Savings Bank of China (PSBC) ranks 22nd on the list of Top 1,000 World Banks 2016 released by The Banker magazine on July 1 for its total assets of 7.3 trillion yuan (U.S.$1.09 trillion) at the end of 2015. It ranks 39th for its core capital of 269 billion yuan (U.S.$40.2 billion).

Both rankings increased over the past two years, indicating healthy development by the bank.

PSBC had more than 40,000 branches by the end of this March that cover all cities and 99 percent of counties in China. With more than 500 million individual customers, the bank serves one-third of the population of China.

PSBC has a total deposit of 6.7 trillion yuan (U.S.$ 1 billion) and a total loan of 2.7 trillion yuan (U.S.$403.8 billion), showing its inclusive financial development and strategic position as a large retail bank.

Since it was founded in 2007, the bank has become a fully functional commercial bank through strengthening services for communities, small and medium enterprises, agriculture, rural areas and farmers.

The Banker is an English-language monthly publication covering international financial affairs owned by The Financial Times Ltd. and edited in London.

The Banker is the world's premier banking and finance resource, read in more than 180 countries and a key source of data and analysis for the industry.

(China Post)

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