苏州银行公告，公司董事会收到后斌先生的辞任函，因年龄原因，后斌先生辞去风险总监职务，自2025 年12月10日起生效。后斌先生将继续担任副调研员职务，持有公司75.78万股股份。 ...

每经头条（nbdtoutiao）——专访管涛：美国政府经济贸易政策正逐渐动摇美元本位国际货币体系，利 多因素下人民币汇率有可能破7 （记者 曾健辉） 每经AI快讯，苏州银行（SZ 002966，收盘价：8.1元）12月11日晚间发布公告称，后斌先生因年龄原 因，辞去本行风险总监职务。后斌先生辞任后将继续在本行担任副调研员职务。 2025年1至6月份，苏州银行的营业收入构成为：利息收入占比82.01%，非利息收入占比6.1%。 截至发稿，苏州银行市值为362亿元。 ...

12月11日金融一线消息，苏州银行今日发布公告称，该行董事会近日收到后斌提交的辞任函。后斌因年 龄原因，辞去该行风险总监职务，自 2025 年 12 月 10日生效。后斌辞任后将继续在苏州银行担任副调 研员职务。 责任编辑：曹睿潼 责任编辑：曹睿潼 12月11日金融一线消息，苏州银行今日发布公告称，该行董事会近日收到后斌提交的辞任函。后斌因年 龄原因，辞去该行风险总监职务，自 2025 年 12 月 10日生效。后斌辞任后将继续在苏州银行担任副调 研员职务。 ...

苏州银行股份有限公司（以下简称"本行"）董事会近日收到后斌先生提交 的辞任函。后斌先生因年龄原因，辞去本行风险总监职务，自 2025 年 12 月 10 日生效。后斌先生辞任后将继续在本行担任副调研员职务。截至本公告披露日， 后斌先生持有本行 757,800 股股份。辞任后，后斌先生将按照相关法律、法规及 相关规定对其持有的本行股份进行管理。 后斌先生确认与本行董事会无不同意见，也无任何与辞任有关而需通知本 行股东及债权人的事项。 特此公告。 苏州银行股份有限公司董事会 证券代码：002966 证券简称：苏州银行 公告编号：2025-095 苏州银行股份有限公司 关于高级管理人员辞任的公告 本行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、误导性陈述或重大遗漏。 2025 年 12 月 11 日 ...

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].

【环球网财经综合报道】在规模扩张、效益增长与质量稳固的协同推进下，苏州银行绘就了一条清晰而稳健的上行曲线。该行2025年三季度业绩报告，向市 场展现了其在复杂经济环境中"稳中有进、质效双升"的发展态势。 苏州银行深化银政合作，积极响应国家养老金融政策号召，通过深化产品服务体系、优化服务流程、强化资源整合，致力于构建全方位、多层次的养老金融 服务生态。社保卡发卡量超480万张，尊老卡发卡量超36万张。丰富苏心零售"smile+"品牌矩阵，发布"苏心未来"青少年金融品牌。 与此同时，苏州银行积极拓展财富管理、投行、支付结算等中间业务，通过产品与服务创新，有效增厚中收规模，推动利息收入与中间收入协同增长。前三 季度，利息净收入与手续费及佣金净收入分别为65.08亿元和9.32亿元，同比分别增长8.90%和0.50%，为盈利结构优化与收益稳健提升提供了有力支撑。 在此基础上，苏州银行实现营业收入94.77亿元，同比增长2.02%；归属于上市公司股东的净利润44.77亿元，同比增长7.12%，凸显出较强的盈利韧性。 精细运营、风控护航，稳健经营铸就优质底色 规模筑基、效益提质，结构优化夯实发展根基 苏州银行三季报显示， ...

12月份以来，区域性城商行、农商行等中小银行资本补充全面提速。据《证券日报》记者梳理，2025年 以来，这类机构密集通过引入外部股东、定向增发等路径"补血"，地方国资成为绝对主力，不仅有效填 补了资本缺口，更推动部分银行股权结构持续优化。 受访人士表示，信贷投放加码与风险处置带来的双重资本消耗，是中小银行密集补充资本的核心动因。 后续资本补充需求仍将维持高位，但行业结构性分化趋势会愈发清晰。 推进增资扩股 进入12月份，中小银行的增资扩股节奏进一步加快。12月8日，苏州银行（002966）发布公告称，该行 于当日收到大股东苏州国际发展集团有限公司(以下简称"国发集团")出具的《关于权益变动的告知 函》。公告显示，国发集团及其一致行动人东吴证券股份有限公司于2025年7月1日至12月5日期间通过 深圳证券交易所交易系统集中竞价交易合计增持苏州银行股份4470.6654万股，占总股本的1.00%。 12月4日，湖南银行发布公告称，湖南金融监管局同意该行增加注册资本10亿元，由约77.5亿元变更为 约87.5亿元。该行已于2025年12月4日完成工商变更登记相关手续。 12月3日，陕西金融监管局批复同意长安银行增资 ...

Investment Rating - The report assigns a "Buy" rating for the banking sector, indicating an expectation that stock prices will outperform the market by more than 10% over the next 12 months [40]. Core Insights - The growth of M2 is primarily driven by government and corporate leverage, with government leverage's contribution increasing from 23.9% in 2015 to 45.5% in 2025, while corporate leverage is expected to contribute 63.6% to M2 growth in 2025 [5][14]. - The report highlights a divergence between the social financing (社融) and M2 growth rates, indicating a liquidity accumulation in the financial system when the demand for financing from the real economy is insufficient, which can lead to a decline in bond yields [5][19]. - The expected social financing-M2 differential for 2026 is projected to be 0.56%, with a quarter-on-quarter increase of 33 basis points [32]. Summary by Sections M2 and Liquidity Analysis - M2 includes cash, personal deposits, corporate deposits, non-bank deposits, and deposits from non-deposit financial institutions. The main contributors to M2 growth are government and corporate leverage [5][13]. - The report discusses the relationship between the social financing-M2 differential and bond market performance, noting a shift in correlation since the second half of 2022 [5][19]. Social Financing Projections - For 2026, the report forecasts a total of 16.3 trillion yuan in new loans under the social financing framework, with a growth rate of 8.11% [32][34]. - The report anticipates that the net issuance of government bonds will reach 14.8 trillion yuan in 2026, with a focus on maintaining a proactive fiscal policy [34]. M2 Growth Forecast - The M2 growth rate for 2026 is projected at 7.55%, influenced by factors such as net fiscal deposits, the strengthening of the equity market, and cross-border capital flows [32][36].

Group 1 - The banking industry in 2026 will face a mixed external environment with strong macroeconomic resilience but insufficient effective demand, leading to continued moderate monetary policy and challenges in asset allocation due to a low interest rate environment [4][10] - The "14th Five-Year Plan" emphasizes the construction of a financial powerhouse, urging banks to leverage their resource endowments and deepen their strategic initiatives over the next five years [4][10][22] - The overall financial performance of listed banks is expected to improve in 2026, driven by the recovery of net interest income and non-interest income, with a projected net profit growth of 2.4% year-on-year [4][27] Group 2 - The net interest margin is expected to narrow by 6 basis points in 2026, with net interest income growth projected to rise to 4% compared to 0.3% in 2025 [4][27] - Non-interest income is anticipated to continue improving due to the recovery of wealth management opportunities and the fading impact of fee reductions from previous years [4][27] - The overall asset quality of the banking sector is expected to remain stable, with a focus on monitoring risks in the retail sector [4][27] Group 3 - The investment strategy emphasizes high dividend yields as a protective measure, with the banking sector's average dividend yield at 3.94%, providing a significant premium over ten-year government bonds [4][27] - Specific banks such as Chengdu Bank, Jiangsu Bank, and Shanghai Bank are highlighted for their strong regional advantages and potential for continued dividend growth [4][27][34] - The report suggests that the active capital market will provide a potential boost to quality retail banks, enhancing their recovery prospects [4][27]

证券日报网讯12月9日晚间，测绘股份（300826）发布公告称，近日公司使用部分闲置募集资金3，000 万元购买苏州银行（002966）2025年第947期定制结构性存款，产品期限2025-12-08至2026-04-08，预计 年化收益率1.05%-2.19%，类型为保本浮动收益型产品。 ...