This article includes a list of general references, but it lacks sufficient corresponding inline citations .(October 2016) |
Native name | 中国邮政储蓄银行 |
---|---|
Company type | listed |
Founded | March 6, 2007 |
Headquarters | No. 3 Financial Street, Xicheng District, Beijing, PRC |
Key people | President Lu Jiajin Chairman Li Quohua |
Owners | China Post Group 68.92% |
Website | psbc.com |
Postal Savings Bank of China Co., Ltd. | |||
---|---|---|---|
Simplified Chinese | 中国邮政储蓄银行股份有限公司 | ||
Traditional Chinese | 中國郵政儲蓄銀行股份有限公司 | ||
| |||
Postal Savings Bank of China | |||
Simplified Chinese | 中国邮政储蓄银行 | ||
Traditional Chinese | 中國郵政儲蓄銀行 | ||
| |||
Second alternative Chinese name | |||
Simplified Chinese | 邮储银行 | ||
Traditional Chinese | 郵儲銀行 | ||
|
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 [1] and low income customers. As of 31 December 2017,PSBC has 39,798 [2] branches covering all regions of China. PSBC was ranked #27 in Forbes Global 2000 in 2023. [3]
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 2007–2008 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.
On 8 December 2015,China Postal Savings Bank,through issuing pro-float stock,received an injection of investment from the Temasek Holdings of Singapore,UBS,the Canada Pension Plan Investment Board,the International Finance Corporation,Morgan Stanley,DBS Bank,Tencent,Ant Financial Services Group,China Life and China Telecom,with a total investment of 45.1 billion yuan. These "strategic investors" together held a 16.92% stake in the company at the time of purchase. The stock was listed through an initial public offering on the Stock Exchange of Hong Kong on 30 September 2016. Prior to its listing,it was the largest unlisted Chinese bank. [4]
State Street Corporation, is a global financial services and bank holding company headquartered at One Congress Street in Boston with operations worldwide. It is the second-oldest continually operating United States bank; its predecessor, Union Bank, was founded in 1792. State Street is ranked 14th on the list of largest banks in the United States by assets. It is one of the largest asset management companies in the world with US$3.7 trillion under management and US$40.0 trillion under custody and administration in 2023. It is the largest custodian bank in the world, providing securities services and it is considered a systemically important bank by the Financial Stability Board. Along with BlackRock and Vanguard, State Street is considered to be one of the Big Three index fund managers that dominate corporate America.
The Agricultural Bank of China (ABC), also known as AgBank, is a Chinese state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is one of the "big four" banks in China, and the second largest bank in the world in by total assets, behind the Industrial and Commercial Bank of China. ABC was founded on 10 July 1951, and has its headquarters in Dongcheng District, Beijing. It has branches throughout mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore.
The China Construction Bank Corporation (CCB) is a Chinese state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is one of the "big four" banks in China, and is the third largest bank in the world by total assets behind the Agricultural Bank of China and the Industrial and Commercial Bank of China. The bank has approximately 13,629 domestic branches. In addition, it maintains overseas branches in London, Barcelona, Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York City, Seoul, Singapore, Tokyo, Melbourne, Kuala Lumpur, Santiago de Chile, Brisbane, Sydney and Auckland. Its total assets reached CN¥ 8.7 trillion in 2009, and it is considered a systemically important bank by the Financial Stability Board. It's headquarters is in Xicheng District.
Mizuho Financial Group, Inc., abbreviated as MHFG, or simply called Mizuho, is a banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The name "mizuho (瑞穂)" literally means "abundant rice" in Japanese and "harvest" in the figurative sense. Upon its founding, it was the largest bank in the world by assets. It is considered a systemically important bank by the Financial Stability Board.
Sumitomo Mitsui Banking Corporation is a Japanese multinational banking financial services institution owned by Sumitomo Mitsui Financial Group, Inc. It is headquartered in Marunouchi, Chiyoda, Tokyo, Japan. The group operates in retail, corporate, and investment banking segment worldwide. It provides financial products and services to a wide range of clients, including individuals, small and medium-sized enterprises, large corporations, financial institutions and public sector entities. Since 2011, it has been included into the Financial Stability Board's list of global systemically important banks.
The Industrial and Commercial Bank of China is a Chinese state-owned multinational banking and financial services corporation headquartered in Beijing, China. It is the largest of the "big four" banks in China, and the largest bank in the world by total assets. ICBC was created on 1 January 1984 from what were then the commercial banking operations of the People's Bank of China. ICBC is majority-owned by the Chinese government and has remained so after its landmark initial public offering in 2006. As of end-2021, ICBC shareholders included Central Huijin Investment, the Chinese Ministry of Finance, the National Council for Social Security Fund, adding up to 69.3 percent under the ultimate control of the Ministry of Finance.
Axa S.A. is a French multinational insurance company headquartered in the 8th arrondissement of Paris. It also provides investment management and other financial services as part of its subsidiaries. As of 2023, it is the largest financial services company by revenue in France, and the 4th largest French company.
Ping An Insurance known also as Ping An of China, full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese financial services holding company whose subsidiaries provide insurance, banking, asset management, financial services. The company was founded in 1988 and is headquartered in Shenzhen. "Ping An" literally means "safe and well". It is ranked as China’s 5th largest company.
The Industrial Bank Co., Ltd., officially Fujian Industrial Bank Joint-Stock Corporation, Limited, is a commercial bank based in Fuzhou, Fujian province of the People's Republic of China. In 2023, the company was ranked 60th in the Forbes Global 2000.
Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna or PKO Bank Polski S.A., in short PKO BP or simply PKO, is a multinational banking and financial services company headquartered in Warsaw, Poland. It is one of the largest financial institutions in Poland and in Central and Eastern Europe.
BDO Unibank, Inc., commonly known as Banco de Oro (BDO), is a Philippine banking company based in Mandaluyong, the Philippines. BDO Unibank is a member of the SM Group and so can be found at SM Malls throughout the country.
The Metropolitan Bank & Trust Company, commonly known as Metrobank, is the third largest bank in the Philippines in terms of total assets. It offers various financial services, from regular banking to insurance. It is the commercial and retail banking arm of GT Capital Holdings Inc.
BMO Bank, N.A. is an American national bank that is headquartered in Chicago, Illinois. It is the U.S. subsidiary of the Toronto-based multinational investment bank and financial services company Bank of Montreal, which owns it through the holding company BMO Financial Corporation. In September 2023, it was the 8th largest bank in the United States by total assets.
New York Community Bancorp, Inc. (NYCB), headquartered in Hicksville, New York, is a bank holding company for Flagstar Bank. In 2023, the bank operated 395 branches in New York, Michigan, New Jersey, Ohio, Florida, Arizona and Wisconsin. Branches used to be operated under the names Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank, and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Arizona and Florida. However, they rebranded all of these under the Flagstar name on February 21, 2024. NYCB is on the list of largest banks in the United States and is one of the largest lenders in the New York City metro area.
Great Eastern Life Assurance Co. Ltd, often known as Great Eastern Life or simply Great Eastern, is a Singaporean multinational insurance company and subsidiary of OCBC Bank operating in the Southeast Asia region. Founded in 1908 by Alfred Hewton Fair, it is the largest and oldest life insurance company in Singapore and Malaysia.
Japan Post Bank Co., Ltd. is a Japanese bank headquartered in Tokyo. It is a corporation held by Japan Post Holdings, in which the government of Japan has a majority stake.
Japan Post Holdings Co., Ltd. is a Japanese publicly traded conglomerate headquartered in Kasumigaseki, Chiyoda, Tokyo. It is mainly engaged in postal and logistics business, financial window business, banking business and life insurance business. The company offers letters and goods transportation services, stamp sales, deposits, loans, and insurance products.
Bank United Corporation, headquartered in Houston, Texas, was a broad-based financial services provider and the largest publicly traded depository institution headquartered in Texas before its merger with Washington Mutual in 2001. Bank United Corp. conducted its business through its wholly owned subsidiary, Bank United, a federally chartered savings bank. The company operated a 155-branch community banking network in Texas, including 77 in the Dallas/Fort Worth Metroplex, 66 in the greater Houston area, five in Midland, four in Austin, and three in San Antonio; operated 19 SBA lending offices in 14 states; was a national middle market commercial bank with 23 regional offices in 16 states; originated mortgage loans through 11 wholesale offices in 10 states; operated a national mortgage servicing business serving approximately 324,000 customers, and managed an investment portfolio. As of June 30, 2000, Bank United Corp. had assets of $18.2 billion, deposits of $8.8 billion, and stockholder's equity of $823 million.
SBI Life Insurance Company Limited is an Indian life insurance company which was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif. SBI has a 55.50% stake in the company and BNP Paribas Cardif owns a 0.22% stake. Other investors are Value Line Pte. Ltd. and MacRitchie Investments Pte. Ltd., holding a 1.95% stake each while the remaining 12% is free float stake with public investors.It has Assets under management(AuM) worth ₹352,422 crore (US$42 billion) and a Gross Written Premium(GWP) of ₹67,320 crore (US$8.1 billion) as of March 2023. SBI Life has an authorized capital of ₹20 billion (US$240 million) and a paid up capital of ₹10 billion (US$120 million).
Bank of Qingdao Company Limited is a provider of retail and corporate banking services in Shandong province, headquarters are in Qingdao, China. Bank of Qingdao is regulated by the People's Bank of China, the nation's central bank.