Sou Hu Cai Jing·2025-06-22 23:35Core Viewpoint - Banks are adjusting service fees in response to declining loan growth and net interest margins, indicating a shift towards a low-interest-rate environment [2][36]. Group 1: Service Fee Adjustments - Suzhou Bank has introduced a new service fee for its "Respect Card," charging an annual fee of 588 yuan for the platinum card, while the gold card remains free [3][4]. - Lujiang Rural Commercial Bank has changed its ATM interbank withdrawal fee from free to 3.3 yuan per transaction starting September 1 [5]. Group 2: Loan Growth and Net Interest Margin - The growth rate of loans from major state-owned banks has decreased from double digits to single digits since 2024, impacting overall bank profitability [7][14]. - As of the end of 2024, the net interest margin for major state-owned banks is 1.44%, while for joint-stock banks it is 1.61%, and for city commercial banks and rural commercial banks, it is 1.38% and 1.73%, respectively [11][12]. Group 3: Non-Performing Assets - The total amount of overdue credit card loans has reached 123.96 billion yuan, a year-on-year increase of 26.32% [17]. - In May, Shanghai Pudong Development Bank announced the transfer of personal non-performing loan assets totaling over 2.7 billion yuan [18][21]. - The non-performing loan rate for state-owned banks, except Postal Savings Bank, is around 5% [27]. Group 4: Market Trends and Future Outlook - The adjustment of service fees by banks is seen as a precursor to a prolonged low-interest-rate era, with deposit rates likely to remain below 1% [36]. - The trend of banks transferring non-performing assets indicates a growing need to manage and mitigate risks associated with bad loans [29][33].