Postal Savings Bank of China’s net profit for the first half of 2021 rose 21.8 per cent to 41 billion yuan. Photo: AFP Postal Savings Bank of China’s net profit for the first half of 2021 rose 21.8 per cent to 41 billion yuan. Photo: AFP
Postal Savings Bank of China’s net profit for the first half of 2021 rose 21.8 per cent to 41 billion yuan. Photo: AFP

Lower provisions help Bocom, ICBC, CCB and Postal Savings Bank post strong first-half profit

  • Postal Savings Bank of China topped the first-half profit charts among state-owned lenders reporting earnings on Friday
  • Bank of Communications president optimistic about the full-year outlook as China’s normalising growth provides a supportive environment for banks

Topic |   Banking & finance
Postal Savings Bank of China’s net profit for the first half of 2021 rose 21.8 per cent to 41 billion yuan. Photo: AFP Postal Savings Bank of China’s net profit for the first half of 2021 rose 21.8 per cent to 41 billion yuan. Photo: AFP
Postal Savings Bank of China’s net profit for the first half of 2021 rose 21.8 per cent to 41 billion yuan. Photo: AFP
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