Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

China's PSBC reports net profit up 9.71 pct on-yr in 2018

March 27, 2019


Abstract : Postal Savings Bank of China reported on Tuesday that its net profit attributable to shareholders in 2018 amounted to about 52.31 billion yuan, up 9.71 percent year on year, according to the bank's filing to the Hong Kong Exchanges and Clearing Limited.

BEIJING, March 28 (Xinhua) -- Postal Savings Bank of China (PSBC, 01658.HK) reported on Tuesday that its net profit attributable to shareholders in 2018 amounted to about 52.31 billion yuan, up 9.71 percent year on year, according to the bank's filing to the Hong Kong Exchanges and Clearing Limited.

This is the first time that the bank discloses its annual report after being included as one of China's large state-owned commercial bank.

PSBC's operating income in 2018 was about 261.25 billion yuan, up 16.18 percent year on year, according to the filing.

The bank's total asset stood at 9.52 trillion yuan by the end of 2018, showing an increase of 5.59 percent over the end of 2017, while its total liabilities reached 9.04 trillion yuan by the end of 2018, up 5.36 percent year on year.

PSBC has made greater efforts in 2018 to serve rural areas in China and facilitate rural revitalization.

Data showed that by the end of 2018, the bank's balance of agriculture-related loans reached 1.16 trillion yuan, up 107.29 billion yuan or 10.18 percent compared with the prior year end. The balance of corporate loans to small and micro enterprises amounted to 544.99 billion yuan in 2018, covering 1.46 million accounts, and the balance of the targeted poverty alleviation loans was 93.86 billion yuan by the end of 2018, up 52.49 percent over the same period of 2017. (Edited by Su Dan)

Scan the QR code and push it to your mobile phone

Keyword: PSBC annual report net profit

Reading:

Weichai Power net profit up 27 pct in 2018

Property giant Evergrande Group revenue up 49.9 pct in 2018

Sinopec releases report on energy and petrochemical industry dev. in Saudi Arabia

German consumer sentiment dips for first time in 2019

China's BRI offers British companies huge opportunities, CBBC

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial