Postal Savings Bank Of China Co.,Ltd.’s Net Profit Rose 5% in First Quarter of 2023

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 26.3 billion yuan in the first quarter of 2023, up 5% year-on-year.

Meanwhile, the company posted 88.2 billion yuan in revenue, up 3.5% year-on-year.

At the end of the reporting period, it had 14.7 trillion yuan in total assets and 13.8 trillion yuan in total liabilities, with a liability-to-asset ratio of 93.9%.