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PSBC Awarded for Syndicated Loan Business
PSBC Awarded for Syndicated Loan Business
| China Post |2013-12-09
The Postal Savings Bank of China (PSBC) was awarded the '2012 Best Development Prize on Syndicated Loan' by the Syndicated Loan and Exchange Professional Committee of the China Banking Association at the fourth annual conference of the committee recently held in Beijing.

The prize was awarded for PSBC's long-term contributions to the development of the syndicated loan business of the China Banking Association and to the construction of many key infrastructure projects in the country.

By the end of 2012, PSBC had provided loans reaching about 450 billion yuan (US$ 73.89 billion) altogether in support of the development of the country's strategic new industries and many large-scale key infrastructure development projects in communications, power, railway and others. The syndicated loan business accounted for one third of the total loan number.
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