Chinese bank branches hit 228,600 in 2018

Around 5,600 branches were set up in far-flung communities.

Chinese banks remain undeterred in beefing up their branch networks as the number of branches hit 228,600 by the end of 2018, according to a report from Xinhua citing a report from the China Banking Association.

Also read: Which ASEAN country has the largest branch network?

Additionally, Chinese banks launched a total of 1.03 million automatic teller machines, which had handled transactions worth $9.59t (CNY66t).

A total of 5,600 branches had been set up in communities alone in 2018 whilst around 8,006 branches were renovated.

China holds the distinction as the country with the world's largest unbanked population with 225 million adults without an account, according to a 2017 report from the World Bank. Together with India (190 million), Pakistan (100 million), and Indonesia (95 million) and Nigeria, Mexico, and Bangladesh, the seven economies account for nearly half the world’s unbanked population.

Also Read

Krungthai Bank temporarily closes 4 branches due to floods

Bank Negara Malaysia releases policy document on claims settlement practices

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit