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PSBC wins 5 awards in 2019 China Banking Industry's Top 100 Social Responsibility Evaluation
PSBC wins 5 awards in 2019 China Banking Industry's Top 100 Social Responsibility Evaluation
| China Post |2020-07-22

China Banking Association recently announced the institutional and individual winners of the 2019 China Banking Industry's Top 100 Social Responsibility Evaluation. Postal Savings Bank of China (PSBC) won a total of 5 awards among 4 categories, including the “Three Critical Battles” Performance Award, Best Inclusive Finance Performance Award, and Best Social Responsibility Special Contribution Outlet Award, Best Social Responsibility Manager Award. Among them, the PSBC Jinzhai Sub-branch in Anhui Province and the PSBC Dali Sub-branch in Shaanxi Province won the Best Social Responsibility Special Contribution Outlet Award, and Xie Shunshan, manager of PSBC Mabian Yi Autonomous County Sub-branch in Sichuan Province, won the Best Social Responsibility Manager Award.

The evaluation of the Top 100 Award was organized by China Banking Association, and it conducted a comprehensive evaluation of the participants from four aspects: management performance, economic performance, environmental performance, and social performance, with a view to advocating and promoting members of the association to firmly commit to the concept of social responsibility, continuously strengthen their sense of responsibility, and create industry models.

Postal Savings Bank of China has been consciously implementing the decisions and deployments of the Party Central Committee and the State Council, as well as the requirements of the regulatory authorities, adhering to the principle of  serving the agriculture, rural areas and farmers, urban and rural residents, and small and medium-sized enterprises, continuously improving the level of social responsibility management, and integrating the concept of responsibility into its management and operations, which helps to achieve high-quality development, as well as contribute to the sustainable development of the economy, environment and society.

In terms of helping to win the "three critical battles" against major risks, poverty, and pollution, Postal Savings Bank of China has promoted further the construction of a green bank, with a green loan balance of 243.301 billion yuan (about 34.76 billion US dollars) as of the end of last year. PSBC has fully assisted in the fight against poverty with a targeted poverty alleviation loan balance of 82.456 billion yuan (about 11.78 billion US dollars). The Bank has maintained good asset quality with non-performing loan rate at only 0.86% by means of continuously improving the management system covering all aspects, all procedures and all staff.

In terms of serving the real economy and practicing inclusive finance, PSBC has made all-out efforts, with a loan balance of 1.74 trillion yuan (about 240 billion US dollars) as of the end of last year, to serve key national strategies such as the construction of Xiong'an New Area, the Coordinated Development of the Beijing-Tianjin-Hebei Region, the construction of the Yangtze River Economic Belt, and the construction of Guangdong-Hong Kong-Macao Greater Bay Area. The balance of agricultural loans reached 1.26 trillion yuan (about 180 billion US dollars), which helped to provide financial supports for agriculture, rural areas and farmers and to promote rural vitalization. Besides, the support for private and small and micro enterprises has been enhanced greatly, the balance of inclusive loans for small and micro enterprises reached 653.185 billion yuan (about 93.24 billion US dollars).

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