PSTVY:OTCMKTS
Postal Savings Bank Unsponsored ADR Representing 20 Ord Shs
US$ १३.१६
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+५.७०%(+०.७१) 1D
जुलाई २७, १६:००:०० GMT-४ · USD
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Profile
Postal Savings Bank of China Co., Ltd. also known as PSBC is a Chinese retail bank and financial services corporation headquartered in Beijing, China. PSBC provides basic financial services, especially to small and medium enterprises, rural and low income customers. As of 31 December 2017, PSBC has 39,798 branches covering all regions of China. PSBC was ranked #27 in Forbes Global 2000 in 2023.
PSBC was set up with an initial capital of RMB20 billion in 2007 from the State Post Bureau. Today it has RMB1.5 trillion in deposits and the second largest number of branches, after the Agricultural Bank of China.
During the 2008 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. Wikipedia
About Postal Savings Bank Unsponsored ADR Representing 20 Ord Shs
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