Core Viewpoint - Postal Savings Bank of China (PSBC) has demonstrated strong growth in both assets and liabilities, with a focus on enhancing its balance sheet stability and profitability through diversified revenue streams and effective risk management [1][2][3] Group 1: Asset Management - As of the end of Q3, PSBC's total loans increased by CNY 742.69 billion, an 8.33% growth compared to the end of last year, with a year-on-year increase of CNY 112.21 billion [1] - The bank's corporate loans rose by CNY 653.54 billion, a 17.91% increase, contributing to a more stable dual-driven model of retail and corporate lending [1] - Investment income from non-credit businesses grew by 76.70% year-on-year, reflecting proactive market positioning and asset allocation [1] Group 2: Liability Management - PSBC's deposits increased by CNY 928.90 billion, a 6.08% growth, with corporate deposits rising by CNY 201.81 billion, a 12.19% increase [2] - The average interest rate on interest-bearing liabilities decreased to 1.22%, down 25 basis points from the previous year, maintaining a competitive edge among listed banks [2] - The bank is focusing on a lightweight transformation to create a more resilient and sustainable growth model [2] Group 3: Revenue and Profitability - For the first three quarters, PSBC achieved operating income of CNY 265.08 billion, a year-on-year increase of 1.82%, with net interest margin at 1.68% [3] - Non-interest income grew by 11.48%, with other non-interest income increasing by 27.52%, enhancing its contribution to total revenue [3] - The bank's net profit reached CNY 76.79 billion, a 1.07% increase year-on-year, supported by effective cost management and a decrease in business and management expenses by 2.66% [3] Group 4: Risk Management - As of the end of September, PSBC maintained a non-performing loan ratio of 0.94%, continuing its long-standing low level [3] - The core Tier 1 capital adequacy ratio improved to 10.65%, up 1.09 percentage points from the end of last year, ensuring robust operational stability [3] - The bank's "Look Forward" technology application led to a 37.24% increase in approved clients and a 170.30% rise in approved amounts, with a lower non-performing loan rate for these clients compared to the overall average [3]