银行净息差降幅究竟如何收窄？

Core Viewpoint - The article discusses the trends and challenges in the net interest margin (NIM) of listed banks in China, highlighting the structural decline in NIM due to various factors, while also pointing out some banks' strategies to mitigate this decline and maintain profitability [1][2][5]. Group 1: Net Interest Margin Trends - As of mid-2025, the average NIM for listed banks is approximately 1.33%, a year-on-year decrease of 13 basis points, although the decline is less severe than the previous year's 19 basis points [1]. - The narrowing of NIM is attributed to policy-driven measures to support the real economy, economic growth rates, multiple reductions in the Loan Prime Rate (LPR), and the repricing of existing mortgage rates [1]. Group 2: Individual Bank Performance - China Merchants Bank reported a NIM of 1.88%, outperforming the industry average by over 40 basis points, with an optimistic outlook for the second half of the year due to its asset and liability structure [1]. - Ping An Bank's NIM stood at 1.8%, also leading the industry by nearly 40 basis points, with effective cost control measures and a focus on optimizing asset structure contributing to its performance [2]. - Industrial Bank's NIM was 1.75%, with plans to reduce liability costs significantly in the second half of the year, indicating a potential easing of NIM pressure [3]. - Minsheng Bank achieved a NIM of 1.39%, showing a year-on-year increase of 1 basis point, with strategies focused on asset quality and liability management [3][4]. Group 3: Future Outlook - The article suggests that while NIM faces downward pressure due to factors like LPR adjustments and deposit rate cuts, the impact is expected to lessen over time as monetary policy improves and banks adapt their strategies [5]. - Analysts predict that 2025 may mark the end of the current performance downturn cycle for banks, with expectations of a narrowing decline in NIM and a potential turning point for retail loan non-performing assets in 2026 [5].