Postal Savings Bank of China to raise up to $4.67 bln in Shanghai listing
By end-June, PSBC had a total 39,700 branches, 48% of which are located in rural counties and villages. It had some 9.17 trillion yuan savings on book by the end of September, accounting for 96% of the bank's total liabilities.
PSBC's bad loan ratio was 0.83% by the end of the third quarter, far below the industry-wide level of 1.81%, as the lender didn't start its corporate lending business until 2009.
China International Capital Corporation (CICC), Postal Securities Co, CITIC Securities Co and UBS are co-sponsors of the float.
($1 = 7.0082 Chinese yuan renminbi)
(Reporting by Cheng Leng in Beijing, Engen Tham in Shanghai and Scott Murdoch in Hong Kong; Editing by Grant McCool)
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