What is the Postal Savings Bank of China Net Worth/ Market Cap in 2024?

What is the Postal Savings Bank of China Net Worth/ Market Cap in 2024?

Curious about the Postal Savings Bank of China net worth? Get the latest financial insights and analysis by Ando Money. Discover the financials of one of the top-ranking global banks.

Quick Facts

NamePostal Savings Bank of China
Full NamePostal Savings Bank of China Co., Ltd.
Traded asSEHK: 1658 (H share)
SEHK: 4612 (H preference)
SSE: 601658 (A share)
HeadquartersBeijing, China
Chief Executive OfficerJianjun Liu
Number of Employees197,146
Market Cap$63.62 billion
Total Assets$2.33 trillion (RMB 16,331,949 million)
Total Equity$140.77 billion (RMB 1,006,927 million)
Revenue$12.32 billion (RMB 89,494 million) (1Q 2024)
Net Income$3.58 billion (RMB 25,957 million) (1Q 2024)

What is the Net Worth/ Market Cap Of Postal Savings Bank of China in 2024?

What is the Net Worth/ Market Cap Of Postal Savings Bank of China in 2024?

The net worth or market cap of Postal Savings Bank of China (PSBC) for 2024 stands at $63.62 billion.

See also  What is the DZ Bank Net Worth/ Market Cap in 2024: Finance Performance

This places the bank among the significant financial institutions in China, although it is smaller in market cap compared to some of its peers like Agricultural Bank of China ($207.79 billion), Bank of China ($171.35 billion), and China Construction Bank ($166.19 billion).

Despite this, the Postal Savings Bank of China maintains a robust position with substantial assets and equity, making it a key player in the Chinese banking sector.

Postal Savings Bank of China Financial Performance Overview

Postal Savings Bank of China Financial Performance Overview

The PSBC has demonstrated strong financial health and stability, as reflected in its recent quarterly report.

The bank’s total assets have grown to $2.33 trillion (RMB 16,331,949 million), marking a 3.85% increase from the previous period.

This robust growth underscores the bank’s solid asset base and its ability to manage and expand its financial resources effectively.

Analysis of Total Assets

A detailed breakdown of the bank’s assets reveals a diversified portfolio aimed at maintaining financial stability and fostering growth.

The assets have consistently increased, reflecting effective asset management strategies.

The comparison with previous financial periods shows a steady upward trend, indicating the bank’s resilience and proactive approach to asset accumulation.

Examination of Customer Deposits and Loans

Customer deposits have grown significantly, reaching $2.09 trillion (RMB 14,628,047 million), which is a 4.82% increase from the previous period.

This increase in deposits demonstrates the trust and confidence customers have in the bank.

On the loans front, the bank’s total loans to customers stand at $1.22 trillion (RMB 8,522,074 million), reflecting a 4.58% growth.

This balanced growth in deposits and loans ensures the bank’s liquidity and profitability.

Shareholder Information and Equity Structure

The bank’s equity structure is robust, with total equity attributable to equity holders of $140.77 billion (RMB 1,006,927 million), a 5.45% increase from the previous period.

See also  What is the Bank of China Net Worth/ Market Cap in 2024: Finance Performance

Major shareholders include China Post Group Corporation Limited, HKSCC Nominees Limited, and China Mobile Communications Group Co., Ltd.

These shareholders play a crucial role in the bank’s governance and strategic direction.

Revenue Streams and Operating Income

The bank’s operating income for the period is $12.32 billion (RMB 89,494 million), showing a 1.42% increase year-on-year.

The major sources of revenue include interest income from loans, fees from financial services, and returns on investments.

This diverse revenue base helps the bank maintain financial stability and growth.

Net Profit and Profitability Indicators

The net profit for the period stands at $3.58 billion (RMB 25,957 million), reflecting a slight decrease of 1.25% compared to the same period last year.

Despite this minor decline, the bank has managed to maintain a healthy profit level.

Key profitability indicators such as the return on weighted average equity, which is 12.36%, underscore the bank’s efficient use of equity to generate profits.

Capital Adequacy and Risk Management

The core tier 1 capital adequacy ratio is 9.41%, and the overall capital adequacy ratio stands at 14.33%.

These figures indicate a strong capital base, ensuring the bank’s ability to absorb potential losses and manage risks effectively.

The bank employs comprehensive risk management strategies, including rigorous credit assessment processes and advanced risk monitoring systems.

Analysis of Financial Investments and Market Position

The bank has a well-diversified investment portfolio worth $768.82 billion (RMB 5,521,391 million), focusing on high-quality, low-risk investments.

This strategic allocation of investments helps maintain the bank’s strong market position and ensures steady returns.

Cash Flow and Liquidity Management

The net cash generated from operating activities is $31.04 billion (RMB 225,146 million), reflecting an 829.74% increase from the previous year.

See also  What is the Toronto-Dominion Bank Net Worth/ Market Cap in 2024: Finance Performance

This significant increase is primarily due to the year-on-year growth in customer deposits.

The bank maintains robust liquidity ratios, ensuring it can meet its short-term obligations and operate efficiently.

Future Prospects and Strategic Initiatives

Looking ahead, the Postal Savings Bank of China is focused on several strategic initiatives to drive future growth.

These include expanding its digital finance capabilities, enhancing its service offerings in rural areas, and strengthening its risk management framework.

The bank is also committed to supporting green finance projects and fostering sustainable development.

These initiatives position the bank well to capitalize on future opportunities and address potential challenges.

FAQs about Postal Savings Bank of China

FAQs about Postal Savings Bank of China

What is the history of the bank?

The PSBC started in 2007. Its roots go back to the postal savings system from 1919. PSBC was created to provide financial services to rural areas using China’s postal network.

How does the bank contribute to China’s financial inclusion?

PSBC is vital for financial inclusion in China. It offers many financial products, especially to rural areas. The bank’s wide network ensures even remote regions have access to banking.

What are the core services provided by the bank?

PSBC provides personal banking, corporate banking, wealth management, and financial market operations. Services include savings accounts, loans, credit cards, and insurance.

How extensive is the bank’s network?

PSBC has over 40,000 outlets across all provinces and regions in China. This vast network serves millions, especially in rural and remote areas.

What is the bank’s financial performance?

PSBC shows strong financial performance. The latest report highlights significant growth in assets and profits. The bank’s total assets demonstrate robust financial health.

How does the bank support rural development?

PSBC supports rural development with agricultural loans, microfinancing, and poverty alleviation programs. These initiatives boost rural economies and improve living standards.

What are the technological advancements adopted by the bank?

PSBC uses advanced technology to enhance services. It offers online banking, mobile banking, and fintech solutions for a better customer experience.

How does the bank ensure risk management?

PSBC has strong risk management strategies. It uses rigorous controls, compliance frameworks, and risk assessment procedures to ensure stability and security.

What is the bank’s strategy for sustainable growth?

PSBC focuses on innovation, customer service, and market expansion. It aims to improve products, enhance customer satisfaction, and explore new markets.

How does the bank contribute to social responsibility?

PSBC is committed to social responsibility. It participates in community development, environmental protection, and charitable activities, promoting sustainable development.

Note: Conversion rate in this article is 1 RMB ≈ 0.1428 USD.


In conclusion, the Postal Savings Bank of China continues to show strong financial performance and strategic growth.

For more detailed analyses and updates on global banks, visit andomoney.com.

Leave a Reply

Your email address will not be published. Required fields are marked *