邮储银行韧性生长密码 战略纵深里的传承与跃迁

Core Viewpoint - The transformation of the economy and the arrival of a low-interest-rate era have significantly altered the development model and operational strategies of the banking industry, with China Postal Savings Bank (PSBC) exemplifying how to embrace these changes effectively [1] Financial Performance - As of the end of 2024, PSBC's total assets, loan amounts, and deposits reached CNY 17.08 trillion, CNY 8.91 trillion, and CNY 15.29 trillion respectively, representing growth of 1.3 times, 2.6 times, and 1.4 times since its listing [2] - Operating income and net profit attributable to shareholders for 2024 were CNY 348.77 billion and CNY 86.48 billion, showing increases of 1.6 times and 1.7 times since listing [2] - The bank maintained a non-performing loan ratio below 1%, positioning it favorably among listed banks [2] Business Strategy - PSBC has focused on deepening its core responsibilities, particularly in serving rural and small to medium-sized enterprises, with a network of nearly 40,000 outlets covering 99% of counties [4] - The bank's agricultural loan balance was CNY 2.29 trillion, and loans to small and micro enterprises reached CNY 1.63 trillion, both leading among state-owned banks [4] Risk Management - The bank's customer base is diversified, reducing risk exposure, particularly in rural areas less affected by macroeconomic cycles [5] - The stability of deposits from rural and county customers provides a low-cost funding source, with a deposit interest rate of 1.44% as of 2024 [6] Technological Innovation - PSBC has increased its investment in technology, with CNY 12.296 billion allocated in 2024, a 9.03% increase year-on-year, representing 3.53% of its operating income [8] - The bank has developed a "Look to the Future" evaluation model for technology companies, allowing for tailored financial support based on innovation potential rather than traditional collateral [9][10] Strategic Initiatives - The bank announced a capital increase of CNY 130 billion, with the Ministry of Finance becoming a significant shareholder, expected to enhance its core tier one capital adequacy ratio by 1.5 percentage points [7] - PSBC is implementing five major actions to ensure strategic goals are met, including enhancing service capabilities and digital transformation [11]