Strong earnings growth
• Robust fee income
• Stable asset quality
• Well-positioned to accelerate retail business
Postal Savings Bank of China (PSBC) is a leading retail deposit bank with low funding cost, relatively low exposure to risky loans, and a strong excess provision buffer. It has a leading deposit franchise and a loan deposit ratio that is the lowest among its peers. Its lending and intermediary businesses remain underdeveloped and present a potential growth opportunity.