Postal Savings Bank of China Co., Ltd. Hubei Branch

The young Postal Savings Bank has a history of nearly a hundred years. In 1919, the Postal Savings Bureau, the predecessor of Postal Savings Bank of China, was established and became an important part of the "four banks and two bureaus", the six major financial pillars at that time. In the early days of the founding of the People's Republic of China, the postal savings business was suspended, while the remittance business continued. In 1986, postal savings was officially resumed. In March 2007, according to the overall arrangement of the State Council's financial system reform, Postal Savings Bank of China was officially established. At present, it has been listed on both the "A+H" stock markets. For more than ten years, PSBC has adhered to the concept of inclusive finance, consciously undertaken the social responsibility of "serving both urban and rural areas and benefiting the people", and upheld the service concept of "progress in step with you", embarking on a distinctive development path of serving agriculture, rural areas and farmers, small and medium-sized enterprises, and communities. The total number of outlets is nearly 40,000, serving more than 570 million individual customers, covering all cities and nearly 99% of county-level areas in China (excluding Hong Kong, Macao and Taiwan), making it a commercial bank with the largest outlet scale, the widest coverage and the largest number of customers served in the country.
Postal Savings Bank of China Hubei Branch was established on January 22, 2008. It is a tier-one branch set up by the head office in Hubei Province and governs 13 tier-two branches, 68 tier-one sub-branches, 338 self-operated outlets, and 1,301 agency business outlets. It also provides multiple electronic service channels for society, including online banking, mobile banking, telephone banking and TV banking, with its service reach extending across vast urban and rural areas.
Since its establishment more than ten years ago, under the leadership of the Provincial Party Committee and the Provincial Government, Hubei Branch has taken supporting Hubei's economic construction as the starting point and focus of all its work. Every year, the net increase in loans, the growth rate and the new loan-to-deposit ratio all rank among the top in the province's banking industry, and asset quality has always remained at the leading level among peers. Total assets reached 570 billion yuan, ranking 4th among peers in Hubei. The balance of various loans was 161.6 billion yuan, with a market share of 3.36%, ranking 9th among peers in the province, with a net increase of 14.35 billion yuan, a growth rate of 9.8%, and a non-performing loan ratio of 1.04% (including credit cards), with a provision coverage ratio of 230.78%, better than Hubei's financial peers. It has now grown into a large state-owned bank in the province with the widest outlet coverage, the largest service population, the deepest brand influence and the fastest development speed.
As a major state-owned bank in the province, Hubei Branch has established a standardized position system structure, a rigorous salary and performance system, comprehensive welfare treatment modules, a complete education and training plan, and rich cultural and recreational activities for employees, which can provide employees with broad and flexible career development space.