Postal Savings Bank of China

PSBC, or Postal Savings Bank of China Co., Ltd., is a Beijing-based commercial retail bank that was established in 2007. It offers fundamental financial services, particularly to customers who are low-income, rural [1], and small and medium-sized businesses. PSBC had 39,798 branches as of December 31, 2017, and they were spread throughout China.

The State Post Bureau provided the founding funding of RMB 20 billion for the establishment of PSBC in 2007. After the Agricultural Bank of China, it currently has the second-largest number of branches and deposits totaling RMB 1.5 trillion.

The government took a number of steps during the Global Financial Crisis to explicitly target rural communities with its national economic stimulus plan. This includes utilizing the Postal Savings Bank's microfinance offerings as a weapon for both national development and poverty eradication. With its incredibly extensive reach, the bank also supports China's credit cooperatives' microcredit programs.

The market capitalization for Postal Savings Bank of China as of April 2023 is $63,000,000,000. By market cap, this places Postal Savings Bank of China as the 237th most valuable corporation in the world. The most recent financial reports from Postal Savings Bank of China show that the company's current revenue (TTM) is $33.96 billion. The corporation generated $33.96 billion in revenue in 2021, a rise from $31.83 billion in revenue in 2020.

Founded: March 6, 2007
Headquarters: No. 3 Financial Street, Xicheng District, Beijing, PRC

Website: psbc.com