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Since 1986 resumed its operation, a personal financial service network with the widest coverage of urban and rural outlets an

The Historical Origin of Jiangsu Branch of China Postal Savings Bank

Since 1986 resumed its operation, a personal financial service network with the widest coverage of urban and rural outlets an

The Historical Origin of Jiangsu Branch of China Postal Savings Bank

Since 1986 resumed its operation, a personal financial service network with the widest coverage of urban and rural outlets and the largest transaction volume has been built: there are 36,000 savings outlets, 45,000 exchange outlets and 20,000 international exchange outlets in China. After 22 years' development, the Postal Savings Bank has gradually formed a liability business mainly in local and foreign currency deposits, as well as various forms of intermediary business such as remittance, transfer business, bank card business, insurance and securities agency business, and collection and payment. As well as asset business with bond investment, large-sum agreement deposits, syndicated loans, micro-loans and commercial loans as the main channels.

In 2008, the Postal Savings Bank broke through the history of only handling personal financial business and opened a new era of corporate business. The first credit card has also been successfully issued. In 2007, the success rate of postal savings inter-bank transactions reached 99.43%, ranking first in the evaluation of 15 national commercial banks organized by China UnionPay. On September 27th, 2008, at the award ceremony of China International Finance Exhibition, China Postal Savings Bank won two awards issued by the organizing committee, namely, the excellent solution award for fund collection service for group customers. With the opening of other new businesses, urban and rural residents will increasingly enjoy more convenient, fast and high-quality financial services provided by the Postal Savings Bank. As one of the five first-class branches in China, Jiangsu Branch ranks among the best in all its work. By the end of September 2009, the savings balance of branches in Jiangsu Province was 200.8 billion yuan, ranking first in China. This year, the total amount of loans for projects and large enterprises was 24.9 billion yuan, ranking first in the country.

Jiangsu Branch was established on June 20th, 2008. As one of the top five tier-one branches in China, Jiangsu Branch has 13 municipal branches, 5 1 county branches, 1.200 branches and nearly 8,000 employees. There are nearly 2500 postal savings outlets in urban and rural areas of the province. At present, it has formed a liability business with local and foreign currency savings deposits as the main body; Remittance and transfer business at home and abroad, intermediary business in the form of bank card, agency insurance and securities, collection and payment; As well as asset business with inter-bank bond market business, large amount of agreed deposits, syndicated loans and micro-loans as the main channels. In the next step, we will continue to enrich product categories, broaden business channels, improve service levels, and strive to build a modern retail commercial bank with sufficient capital, strict internal control, safe operation and strong competitiveness.