MarketPostal Savings Bank of China
Company Profile

Postal Savings Bank of China

Postal Savings Bank of China Co., Ltd. also known as PSBC is a Chinese retail bank and financial services corporation headquartered in Beijing, China. PSBC provides basic financial services, especially to small and medium enterprises, rural and low income customers. As of 31 December 2017, PSBC has 39,798 branches covering all regions of China. PSBC was ranked #27 in Forbes Global 2000 in 2023.

Commerce
Postal Savings Bank of China focuses on serving "agriculture, rural areas, and farmers", small and medium-sized enterprises, and urban and rural residents. The bank leverages its postal network, ensuring stable operations, compliance, and good risk control to provide quality financial services, maximize shareholder value, and contribute to socio-economic development. By the end of 2016, Postal Savings Bank of China had total assets of RMB 8.27 trillion, deposit balance of RMB 7.29 trillion, and total loans of RMB 3.01 trillion. The bank's net profit for the whole year was RMB 39.776 billion. On 10 January 2017, Postal Savings Bank of China held a press conference in Beijing to announce the launch of a blockchain-based asset custody system. This system, implemented with Hyperledger Fabric software developed by IBM, is used in the bank's core business system and marks the first successful case of a Chinese bank applying blockchain technology to its core business system. == Leadership ==
Leadership
List of governors List of chairmen of the board ==See also==
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