@psbc.com
PSBC is a Chinese banking firm focused on providing financial services to communities, small and medium-sized companies, and in agriculture.
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About
Description
Postal Savings Bank of China (PSBC), also known as PSBC, is a commercial bank in China that specializes in providing banking and financial services to individual and corporate customers. Established in 2007, PSBC is one of the five largest state-owned commercial banks and the largest retail bank in terms of branch network, with a presence in both urban and rural areas of China. Headquartered in Beijing, PSBC operates through a network of over 40,000 branches across China, including outlets within post offices.
The bank offers a wide range of banking products and services, including savings accounts, current accounts, fixed deposits, loans, credit cards, and wealth management services. PSBC also provides specialized services such as remittances, financial leasing, and small and microbusiness support. On a global scale, PSBC has established several noteworthy subsidiaries, joint ventures, and partnerships.
It has subsidiaries in Hong Kong, Macau, and New York, which provide banking services to Chinese individuals and businesses operating abroad. PSBC has also partnered with various international financial institutions to expand its reach. These partnerships include collaborations with Deutsche Bank, Industrial and Commercial Bank of China, and Standard Chartered Bank.
In terms of market position, PSBC is one of the largest financial institutions in China. It is renowned for its extensive branch network, serving a diverse customer base from all segments of society. The bank has a robust presence in the retail banking sector and has consistently ranked among the top banks in China in terms of total assets, deposits, and loans.
In recent years, PSBC has focused on digital transformation and innovation to enhance its competitiveness. It has launched various online and mobile banking services to meet the evolving needs of its customers. Furthermore, the bank has strengthened its risk management practices and upgraded its technology infrastructure to provide a seamless and efficient banking experience.
As of the last available information, PSBC continues to grow steadily and has maintained a strong financial performance. It remains a key player in the Chinese banking industry, contributing significantly to the country's economic development and financial inclusion efforts
Company Size
10,001+
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