有民营银行半年5次下调存款利率，中小银行大幅降息，高息存款产品“清退”｜2025中国经济半年报

Core Viewpoint - The small and medium-sized banks, previously known for high deposit rates, are losing their rate advantage due to significant reductions in deposit rates in the first half of the year [1][2][6] Summary by Relevant Sections Deposit Rate Reductions - Over half of the private banks have announced reductions in deposit rates in the first half of the year, with some banks reducing rates up to five times within six months [1][3] - The national banks have also participated in a "rate cut wave," with the one-year, two-year, three-year, and five-year deposit rates adjusted to 0.95%, 1.05%, 1.25%, and 1.30% respectively [2] - The phenomenon of "storing for 5 years is worse than storing for 1 year" has become common, with some village banks' adjusted rates falling below those of state-owned banks [2][8] High-Interest Deposit Products - There is a noticeable decline in the availability of high-interest deposit products, with many customers expressing disappointment but also a sense of resignation to the situation [4][5] - Some banks have begun to "withdraw" high-interest deposits and related products, with customers reporting that rates have dropped significantly [4][5] Financial Pressure on Banks - The significant and frequent reductions in deposit rates by small and medium-sized banks are attributed to pressure on their liabilities, as they have been heavily reliant on interest income [6][7] - Data shows a clear downward trend in net interest margins for private banks, with some banks experiencing a drop of up to 199 basis points [6] - The situation has led to cases where revenue growth does not translate into profit growth, with some banks reporting a decline in net profits despite revenue increases [6] Strategic Adjustments - Small and medium-sized banks are optimizing their deposit structures and reducing deposit rates as a mainstream method to lower funding costs [8] - Strategies include replacing high-cost deposits with lower-cost alternatives and encouraging customers to shift from long-term to short-term deposits [8]