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Postal Savings Bank of China Co., Ltd.

HKSE:1658.HK

Location

China

Market Cap

USD 75.44 B

Share Price

USD 0.70

Avg Daily Volume

67,532,576

Change (1 day)

1.71%

Change (1 year)

19.89%

Change (YTD)

18.03%

Postal Savings Bank of China Co., Ltd. Net Income for the year ending December 31, 2024: USD 11.84 B

Postal Savings Bank of China Co., Ltd. Net Income is USD 11.84 B for the year ending December 31, 2024, a 3.87% change year over year. Net income is the total profit earned by a company after deducting all expenses, including taxes and non-controlling interest.
  • Postal Savings Bank of China Co., Ltd. Net Income for the year ending December 31, 2023 was USD 11.40 B, a -7.67% change year over year.
  • Postal Savings Bank of China Co., Ltd. Net Income for the year ending December 31, 2022 was USD 12.35 B, a 7.17% change year over year.
  • Postal Savings Bank of China Co., Ltd. Net Income for the year ending December 31, 2021 was USD 11.52 B, a 17.16% change year over year.
  • Postal Savings Bank of China Co., Ltd. Net Income for the year ending December 31, 2020 was USD 9.84 B, a 12.40% change year over year.
Key data
Date Net Income EPS (Diluted) Shares (Diluted, Weighted) Selling, General, and Administrative Expenses (SG&A)
Market news
HKSE: 1658.HK

Postal Savings Bank of China Co., Ltd.

CEO Mr. Jianjun Liu
IPO Date Sept. 28, 2016
Location China
Headquarters No. 3 Financial Street
Employees 182,631
Sector 💰 Finance
Industries
Banking & Lending
💻 Fintech
Description

Postal Savings Bank of China Co., Ltd., together with its subsidiaries, provides various banking products and services for retail and corporate customers in the People's Republic of China. Its Personal Banking segment offers savings products, such as demand, time, personal call, time/demand optional, and foreign currency deposits; passbooks; certificate of deposits; micro, personal pledged, and personal business loans; debit and credit cards; wealth management products and funds; and insurance agency services. This segment is also involved in distribution of fund products, electronic bonds, and precious metals; and provides payment and collection agency, various settlement, domestic remittance and exchange, cross-border remittance, personal exchange settlement and sale, and foreign currency exchange services. The company's Corporate Banking segment provides time, demand, call, and negotiated deposits; working capital, fixed asset, trade finance, stock pledge, land reserve, syndicated, real estate development, property mortgage, and consignment loans; cash management services; negotiable instruments; trade finance and international settlement services; and financial markets services. Its Treasury segment offers interbank lending transactions, repurchase and resale transactions, debt instrument investments, equity instrument investment, investment banking, bond securities, and wealth management products, etc., as well as trades in financial products comprising money market, fixed income, and foreign exchange products, as well as derivatives and precious metals. The company also provides online, mobile, and self-service banking services. As of December 31, 2021, it had 39,603 outlets, including 7,828 directly operated outlets and 31,775 agency outlets. The company was founded in 2007 and is headquartered in Beijing, the People's Republic of China. Postal Savings Bank of China Co., Ltd. is a subsidiary of China Post Group Corporation.

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