Postal Savings Bank Of China Co.,Ltd.’s Net Profit Rose 17.3% in First Quarter of 2022

Postal Savings Bank Of China Co.,Ltd. (中国邮政储蓄银行股份有限公司) (601658.SH) reported a net profit of 25 billion yuan in the first quarter of 2022, up 17.3% year-on-year.

Meanwhile, the company posted 85.2 billion yuan in revenue, up 10.1% year-on-year.

At the end of the reporting period, it had 13.3 trillion yuan in total assets and 12.4 trillion yuan in total liabilities, with a liability-to-asset ratio of 93.7%.