Date
11 December 2017

Ping An Bank aims for 300 more outlets by 2018, paper says

Ping An Bank Co. Ltd. (000001.CN) aims to expand its outlets from about 520 now to at least 800 nationwide by 2018 as part of a five-year plan, the Oriental Morning Post reported Monday, citing president Shao Ping. Shao said Friday that the bank’s strategies include rapidly increasing the number of small outlets, working with rural banks and cooperatives to sell products to their clients directly, and setting up teams targeting major industries. In addition, the bank has been aggressively developing its online finance arm, the report quoted Shao as saying.

– Contact HKEJ at [email protected]

TL/AC/SK

 

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