During the first half of 2015, the loan balance of Postal Savings Bank of China (PSBC) increased by 372.9 billion yuan at a rate of 23 percent, the fastest growth among commercial banks. In January, the bank saw an increase of 127.4 billion yuan in credit loans, the highest amount in terms of a single month’s granting of loans in the industry. The rate of its non-performing loans is only 0.76 percent, around half of the average industry rate.
Currently, the bank's corporate and securities credit ratings are both AAA. British magazine The Banker rated it 23rd and 54th out of 1,000 banks worldwide in terms of total assets and tier 1 capital in early July.
The bank's number of e-bank users has reached 134 million. Nearly 70 percent of banking transactions are processed online. Meanwhile, the number of users on its mobile banking app has hit a record 80 million.
Banking Service in Rural Areas
In 2015, the PSBC further strengthened its services in rural areas. By the end of this June, the balance of loans involving rural areas had increased to 696 billion yuan, up 41 percent on a year-to-year basis. Nearly 80 percent has been issued to rural households. In the first half of 2015, loans involving rural areas increased by 105.6 billion yuan, accounting for 28 percent of new loans issued.
Supporting Micro- and Small Businesses
Over the past eight years, PSBC has issued loans to 12 million micro- and small enterprises, totalling more than 2.3 trillion yuan. Such loans have helped many small companies overcome financial difficulties. By the end of June 2015, the balance of loans for micro- and small enterprises was 623.7 billion yuan, with new loans of 66.4 billion yuan in the first six months.