Postal Savings Bank of China

Postal Savings Bank of China
Post office in Shanghai offering postal savings services

Postal Savings Bank of China (PSBC) (中国邮政储蓄银行) is a commercial retail bank, which provides basic financial services, especially to SMEs, rural and low income customers. PSBC has 40,000 branches covering all regions of China.

PSBC was set up with an initial capital of RMB20 billion in 2007 from the State Post Bureau. Today it has RMB1.5billion in deposits and the second largest number of branches, after the Agricultural Bank of China.

Duriing the Global Financial Crisis, the government took several measures to spread its national economic stimulus plan specifically to rural areas. This included using microfinance services provided by the Postal Savings Bank as a tool for national development and poverty reduction. The bank with its extremely broad reach also assists China’s credit cooperatives in their microcredit schemes.

See also

External links


Wikimedia Foundation. 2010.

Игры ⚽ Нужна курсовая?

Look at other dictionaries:

  • People's Bank of China — Not to be confused with Bank of China, Central Bank of the Republic of China (Taiwan), or National Bank of China. PBOC redirects here. For other uses, see PBOC (disambiguation). People s Bank of China …   Wikipedia

  • Agricultural Bank of China — Limited Type Public Traded as SEHK: 1288 SSE …   Wikipedia

  • Industrial and Commercial Bank of China — ICBC redirects here. For other uses, see ICBC (disambiguation). Industrial and Commercial Bank of China Ltd. Type Public company SEHK:  …   Wikipedia

  • Exim Bank of China — Not to be confused with the Export Import Bank of China (Taipei). Export Import Bank of China 中国进出口银行 Type State owned enterprises Industry Banking Founded …   Wikipedia

  • China UnionPay — 中国银联 Zhōngguó Yínlián Operating area People s Republic of China Members 200 (169 in China) ATMs 1,200,000 Founded March 2002 China UnionPay ( …   Wikipedia

  • China Merchants Bank — Company Limited 招商銀行股份有限公司 Type Public company Traded as SEHK:  …   Wikipedia

  • China Development Bank — Type Government owned Industry Finance Founded 1994 Headquarters Beijing, People s Republ …   Wikipedia

  • China Resources Shenzhen International Trust — Investment 華潤信託 Type State owned enterprise Industry Investment company Founded 1982 Headquarters Shenzhen, People s Republic of China …   Wikipedia

  • China Construction Bank — Type Public company Traded as SEHK:  …   Wikipedia

  • Bank of Communications — Limited 交通银行股份有限公司 Type Public Industry Finance and Insurance Founded 1908 Headquar …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”