What is the full name of Postal Savings Bank?

Mondo Finance Updated on 2024-02-07

The full name of the Postal Savings Bank is Postal Savings Bank of China

The Postal Savings Bank of China, originating from the postal savings business a hundred years ago, has witnessed the vicissitudes of history. As a large state-controlled commercial bank, it realized structural reform in March 2007 and stood tall in the world with a new look of Postal Savings Bank of China Co., Ltd. It was formed on the basis of the original postal savings system and has a long history and rich experience in financial business. As one of China's largest state-owned commercial banks, PSBC has an extensive customer base and network in both urban and rural areas of China. Then in 2012, it turned around again and was restructured into shares*** In September 2016, the Postal Savings Bank of China made its debut on the Hong Kong Stock Exchange, and in December 2019, it showed its outstanding style on the Shanghai Stock Exchange.

The Postal Savings Bank of China, with nearly 40,000 business outlets, is scattered like stars in every corner of the land of China, accounting for more than 6Served by 500 million individual customers. It firmly fulfills the mission of serving the "three rural", urban and rural residents and small and medium-sized enterprises, relying on its unique "self-operated + ** model and resource advantages, and is committed to providing a full range of services for the active forces in China's economic transformation. At the same time, it is rapidly transforming into a new retail bank that is data-driven, channel collaborative, batch-to-retail linkage, and operationally efficient.

Postal Savings Bank of China, with its excellent asset quality and huge growth potential, has become a leading large-scale retail bank in China. Its glorious history is the best interpretation of the century-old postal history, and it is also a powerful indication of the infinite possibilities of the future. As one of China's large state-owned commercial banks, Postal Savings Bank of China has a wide range of customer groups and business networks in urban and rural areas of China, and its main business includes financial products and services such as personal savings, loans, payment and settlement, and wealth management. The establishment of the Postal Savings Bank is of great significance for promoting the development of China's financial industry.

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