证券之星消息，12月18日农商行板块较上一交易日上涨2.0%，渝农商行领涨。当日上证指数报收于 3876.37，上涨0.16%。深证成指报收于13053.98，下跌1.29%。农商行板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 601077 | 渝农商行 | 6.45 | 3.20% | 76.95万 | 4.90 Z | | 002807 | 江阴银行 | 4.69 | 2.40% | 33.50万 | 1.56亿 | | 603323 | 示农银行 | 5.17 | 1.77% | 21.28万 | 260'T | | 002839 | 张家港行 | 4.65 | 1.75% | 1 29.62万 | 1.37亿 | | 601825 | 沪农商行 | 9.36 | 1.74% | 15.73万 | 1.46亿 | | 600908 | 无锡银行 | 5.98 | 1.70% | 17.63万 | 1.05亿 | | 601128 | 常熟银行 | 7.23 | 1. ...

格隆汇12月18日｜A股市场银行股普涨，其中，苏州银行、厦门银行、上海银行、杭州银行、江阴银 行、建设银行、渝农商行涨超2%。张家港行、南京银行、江苏银行、齐鲁银行、长沙银行、青岛银 行、重庆银行涨近2%。 ...

12月15日，张家港行（002839）发布公告，公司2025年第一期科技创新债券完成发行，本期债券发行总 规模为5亿元，债券品种为5年期固定利率债券，票面利率为1.90%。 12月15日，张家港行（002839）发布公告，公司2025年第一期科技创新债券完成发行，本期债券发行总 规模为5亿元，债券品种为5年期固定利率债券，票面利率为1.90%。 ...

北京商报讯（记者 孟凡霞 周义力）12月15日，张家港农商行发布公告，经中国人民银行核准，该行近 期在全国银行间债券市场成功发行了"江苏张家港农村商业银行股份有限公司2025年第一期科技创新债 券"（以下简称"本期债券"）。本期债券发行总规模为人民币5亿元，债券品种为5年期固定利率债券， 票面利率为1.90%。本期债券的募集资金将划入该行账户，并依据适用法律和监管部门要求，用于科创 企业贷款，为科创企业提供金融服务。 ...

证券代码：002839 证券简称：张家港行 公告编号：2025-035 江苏张家港农村商业银行股份有限公司 关于成功发行 2025 年科技创新债券的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 经中国人民银行核准，江苏张家港农村商业银行股份有限公司（以下简称"公 司"）近期在全国银行间债券市场成功发行了"江苏张家港农村商业银行股份有 限公司 2025 年第一期科技创新债券"（以下简称"本期债券"）。 本期债券发行总规模为人民币 5 亿元，债券品种为 5 年期固定利率债券，票 面利率为 1.90%。 本期债券的募集资金将划入本公司账户，并依据适用法律和监管部门要求， 用于科创企业贷款，为科创企业提供金融服务。 特此公告。 江苏张家港农村商业银行股份有限公司董事会 二〇二五年十二月十五日 ...

本期债券发行总规模为人民币 5 亿元，债券品种为 5 年期固定利率债券，票面利率为 1.90%。本期债券 的募集资金将划入改行账户，并依据适用法律和监管部门要求，用于科创企业贷款，为科创企业提供金 融服务。 12月15日金融一线消息，张家港行今日发布公告称，经中国人民银行核准，该行近期在全国银行间债券 市场成功发行了"江苏张家港农村商业银行股份有限公司 2025 年第一期科技创新债券"（以下简称"本期 债券"）。 责任编辑：曹睿潼 责任编辑：曹睿潼 12月15日金融一线消息，张家港行今日发布公告称，经中国人民银行核准，该行近期在全国银行间债券 市场成功发行了"江苏张家港农村商业银行股份有限公司 2025 年第一期科技创新债券"（以下简称"本期 债券"）。 本期债券发行总规模为人民币 5 亿元，债券品种为 5 年期固定利率债券，票面利率为 1.90%。本期债券 的募集资金将划入改行账户，并依据适用法律和监管部门要求，用于科创企业贷款，为科创企业提供金 融服务。 ...

Investment Rating - The report assigns an "Overweight" rating for the banking sector [7]. Core Insights - The report emphasizes the significant improvement in the cost of liabilities for banks in 2025, with a notable decrease of 28 basis points (bp) in the first half of the year, compared to only 4 bp in the same period last year. This improvement is primarily driven by reductions in deposit and interbank liabilities costs, contributing 19 bp and 7 bp respectively [3][11]. - The net interest margin (NIM) is expected to decline by approximately 5 bp in 2026, with the downward pressure on margins continuing to ease marginally, suggesting that some banks may stabilize their NIMs [2][10]. Summary by Sections 1. Liability Cost Improvement in 2025 - The first half of 2025 saw a significant reduction in the cost of interest-bearing liabilities, with the cost rate dropping to 1.70%, a decrease of 28 bp from 2024. This was supported by improvements in both deposit and interbank liability costs [11]. 2. Liability Side: Deposit Maturity and Repricing Benefits 1) **Term Structure**: The proportion of long-term deposits entering the repricing cycle has increased, with the share of deposits with a remaining maturity of 1-5 years declining by 1.5 percentage points (pct) to 22.6% by the end of Q2 2025. Some banks, such as those in Ningbo and Chongqing, experienced declines exceeding 10 pct [4]. 2) **Price Factors**: Regulatory focus on maintaining reasonable NIM levels has increased, with expectations of further interest rate cuts. The maximum reduction for three-year deposits could exceed 100 bp, indicating substantial room for cost improvement [5]. 3. Asset Side: Yield Pressure Expected to be Better than 2025 1) **Loans**: The repricing pressure on loans is expected to ease, with the five-year Loan Prime Rate (LPR) declining by only 10 bp in 2025, significantly less than the 50 bp drop the previous year [6]. 2) **Debt Replacement**: The shift from high-interest to low-interest debt is anticipated to have a limited impact on net interest margins, estimated to drag down margins by about 4 bp [6]. 3) **Bond Maturity**: The widening gap between new bond issuance rates and existing bond yields is expected to exert downward pressure on investment yields, with an estimated drag of 6 bp on margins from the reallocation of bonds maturing within one year [6]. 4. NIM Projections - The report forecasts a 5 bp decline in NIM for 2026, with the downward trend continuing to converge. The asset yield is expected to decrease by 17 bp, while the cost of liabilities is projected to improve by 13 bp, with deposit costs improving by 17 bp [7][10].

格隆汇12月10日｜A股市场银行股普跌，截至半日收盘，招商银行跌3%，农业银行、齐鲁银行、杭州 银行跌超2%，张家港行、兴业银行、常熟银行、交通银行跌近2%。 ...

在财富分享环节，吴江支行理财客户经理结合24周年行庆，针对性推介私行客户专属产品，详解"利率 上浮""定制化理财配置"等专属权益，结合当前市场趋势提供资产配置建议，实现文化体验与财富服务 的高效融合。 王欢 活动现场以宋锦纹样装饰，氛围雅致而温馨。支行行长与私行客户围坐交流，回顾该行24年来稳健经 营、深耕地方的发展历程，特别提及对私行客户的专属服务理念，并将宋锦"选丝精良、织造精细"的匠 心，类比为支行对私行客户财富管理"精研需求、精准配置"的服务标准，引发客户深度认同。 非遗体验环节中，宋锦织造技艺传承人携简化织机而来，为私行客户现场演示宋锦织造工艺，手把手指 导客户体验"穿经引线"，详解纹样中的文化寓意。客户们专注投入，在动手体验非遗技艺的过程中，感 受传统文化与金融服务碰撞的独特魅力。活动同步设置的宋锦DIY环节，为每位客户准备了定制材料 包，客户可亲手制作宋锦胸针，成品作为行庆专属纪念礼赠予，让私享体验更具心意。 江南时报讯 近日，张家港农商银行吴江支行以"锦韵贺华诞·匠心启新程"为主题，特邀6名高净值私行客 户开启一场非遗宋锦私享会，在该行24周年行庆的同时，深化高端客户服务，打造"文化体验+财富 ...

Core Insights - The agricultural commercial bank sector experienced a slight increase of 0.21% on December 8, with Shanghai Agricultural Commercial Bank leading the gains [1] - The Shanghai Composite Index closed at 3924.08, up by 0.54%, while the Shenzhen Component Index closed at 13329.99, up by 1.39% [1] Stock Performance - Shanghai Agricultural Commercial Bank (601825) closed at 9.52, with a rise of 1.17% and a trading volume of 214,500 shares, amounting to a transaction value of 204 million yuan [1] - Changshu Bank (601128) closed at 7.13, up by 0.28%, with a trading volume of 369,800 shares [1] - Other banks such as Jiangyin Bank (002807) and Zijin Bank (601860) saw declines of 0.63% and 0.71% respectively [1] Capital Flow - The agricultural commercial bank sector saw a net outflow of 5.0441 million yuan from main funds, while retail funds experienced a net outflow of 7.61304 million yuan [1] - Speculative funds, however, recorded a net inflow of 81.1746 million yuan [1] Individual Stock Capital Flow - Wuxi Bank (600908) had a main fund net inflow of 19.0391 million yuan, while retail funds saw a net outflow of 21.8041 million yuan [2] - Qingnong Bank (002958) experienced a main fund net inflow of 15.7202 million yuan, but retail funds had a net outflow of 1.13021 million yuan [2] - Zhangjiagang Bank (002839) had a main fund net inflow of 7.6575 million yuan, with retail funds seeing a net outflow of 1.24512 million yuan [2]