银行净息差持续收窄，为何西安银行逆势上行49个基点？

Core Viewpoint - Xi'an Bank has successfully increased its net interest margin (NIM) by 49 basis points to 1.7% in the first half of the year, contrasting with the broader banking industry's trend of declining NIMs, which has significant implications for the sector [1][2][5]. Summary by Sections Net Interest Margin Performance - Xi'an Bank's NIM increased due to a significant drop in deposit interest rates, particularly for personal deposits, and an increase in corporate loan rates [1][3][8]. - The average interest rate for personal deposits at Xi'an Bank fell by 57 basis points to 2.71% compared to the same period last year [3][4]. Revenue and Profit Analysis - The bank's operating income surged by 43.7% to 5.2 billion yuan, but net profit only grew by 8.6%, primarily due to a doubling of credit impairment provisions [11][12]. - Credit impairment losses reached 2.83 billion yuan, accounting for 54% of operating income, raising concerns about potential hidden profits [12][14]. Loan and Deposit Dynamics - Xi'an Bank's total loans increased by 22.9% to 291.7 billion yuan, with corporate loans growing by 27.1% [10]. - The bank's total deposits rose by 8.3% to 348.9 billion yuan, but the growth rate of personal deposits was only 5.5%, indicating challenges in maintaining deposit stability [10][11]. Risk Management and Capital Adequacy - The bank's non-performing loan (NPL) ratio decreased to 1.6%, while the provision coverage ratio increased to 205.7%, although it remains below the industry average [14][15]. - Core Tier 1 capital adequacy ratio fell to 9.16%, reflecting the rapid expansion of assets [14][15]. Market Position and Strategy - Xi'an Bank's strategy includes focusing on key sectors such as rental and business services, construction, and public utilities, which accounted for 98% of the increase in corporate loans [8][9]. - The bank's ability to maintain a higher NIM amidst a declining trend in the industry highlights its effective asset-liability management and pricing strategies [2][5].