近日，建设银行2024年度股东大会在北京、香港两地召开。建设银行董事长张金良，行长张毅，副行长 兼董事会秘书纪志宏等出席。本次股东大会，建行管理层积极回应股东关切，并围绕低利率环境下经营 策略和举措、盈利展望、贷款投放等问题，与参会股东进行了面对面交流。 以"三稳三优三控"推动高质量发展 2024年，建行的年报董事长报告中提出"以内涵式、集约式发展应对低利率环境"的战略方向。本次股东 大会上，张金良谈到，未来建行在总体经营环境面临更大不确定性的情况下，将采取哪些应对策略和举 措。 张金良表示，整体看，建行上半年经营呈现"三稳、三优、三控"特点，主体指标边际改善、稳中向好， 较好实现了金融功能性和盈利性的有机统一、促发展和防风险的有机平衡、以质的有效提升引领量的合 理增长，推动全行内涵式高质量发展取得新进展。 张金良谈到的"三稳、三优、三控"，即资产、负债和关键指标趋稳；资产、负债及收入结构优化；成 本、风险及资本管控成效显著。他强调，建行正加快摒弃"规模情结"，聚焦资产、负债、资本、收入、 成本等五大财务要素，推动全行资产负债表和损益表更加干净、健康、可持续。 "从当前情况看，LPR下调的滞后效应和贷款重定价 ...

在盈利与客户满意度平衡成核心挑战。 净息差持续收窄正倒逼银行将增收重心转向中间业务。近期，从中小银行到国有大行，多家机构密集发 布公告，新增或调整了涵盖资信证明、银行卡年费、ATM跨行取现、跨境理财通等领域的服务收费项 目，引起市场关注。 业内人士分析指出， 银行此举核心目的是应对净息差压力，扩大中间业务收入。短期看，银行面临的 关键挑战是如何确保收费合规并平衡客户利益。而长期可持续之道，则在于深化综合金融服务与产品创 新，构建多元化、更具韧性的盈利模式，而非依赖单纯的收费扩张。 银行花式增收服务费 近日，乌泽银行发布了一则资信业务收费公告。该行官微显示，自6月13日起，对个人存款证明收取20 元/份，单位证明资信证明收取200元/份。 无独有偶，苏州银行在官网公告称，9月10日起对白金卡收取588元年费；庐江银行公告称，9月1日起， 借记卡（除社保卡外）在异地或同城进行ATM跨行取现时，将被收取每笔3.3元的手续费。 不止中小银行近期有所动作，国有大行和股份制银行也纷纷加入其中，调整服务收费政策。 多家银行回应记者称，此番新增或调整服务收费，主要是为了提升服务质量、加强风险管理和覆盖运营 成本。"收取合理费 ...

近期，多家银行陆续发布有关"新增或调整一系列服务收费项目"的公告，调整项目涉及资信证明、银行 卡年费、ATM跨行取现、跨境理财通等多个领域。 比如，乌海银行通过官微发布公告称，因业务发展需要，将从2025年6月13日起对资信业务、银团贷款 业务进行收费，现将资信业务、银团贷款业务服务项目及价格予以公示。其中为个人客户开立个人存款 证明服务收费标准为20元/份，为存款人出具资信证明收费标准为200元/份。 浙江稠州商业银行也表示，自2025年6月1日起新增多项服务收费项目，分别是境内邮寄费20元/次、境 外邮寄费300元/次，境外机构账户管理费200元/年。 6月9日，苏州银行在官网发布公告称，根据《商业银行服务价格管理办法》的有关规定，同时结合该行 业务开展需要，苏州银行将新增一项服务收费项目。该服务名称为"尊行卡年费"，收费标准为金卡免年 费，白金卡为588元/卡/年，自2025年9月10日起执行。 针对此次收费调整，苏商银行高级研究员杜娟认为，最直接的原因是获取中间业务收入，一是净息差收 窄，银行营收承压，通过中间业务收入补充收入来源；二是银行提供各项服务也需耗费成本，通过收 费、限制免费次数等方式可以引 ...

《中国经营报》记者梳理发现，近日多家银行增加收费项目，其中调整或新增项目涉及境外机构账户管 理费、手机银行结算手续费、网上银行结算手续费等。 据悉，在净息差收窄的形势下，银行通过调整收费项目以提升中间业务收入。在监管政策允许的范围 中，调整收费标准、优化服务收费结构是一种合理的策略。 集中调整 近日，多家银行增加收费项目。例如，乌海银行通过官微发布公告称，因业务发展需要，将从6月13日 起对资信业务、银团贷款业务进行收费，现将资信业务、银团贷款业务服务项目及价格予以公示。其中 为个人客户开立个人存款证明服务收费标准为20元/份；为存款人出具资信证明收费标准为200元/份。 6月9日，苏州银行在官网公告称，根据《商业银行服务价格管理办法》的有关规定，同时结合该行业务 开展需要，苏州银行将新增一项服务收费项目。该服务名称为"尊行卡年费"，收费标准为金卡免年费， 白金卡588元/卡/年，自2025年9月10日起执行。 调整不只限于中小银行。例如，某国有银行官网发布"关于调整《银行服务价目表》涉及信用卡结算服 务收费标准的公告"显示，自2025年6月10日起，该行涉及信用卡结算的多项服务费用均有调整。比如结 算服务结 ...

近期，多家银行陆续发布有关"新增或调整一系列服务收费项目"的公告，调整项目涉及资信证明、银行 卡年费、ATM跨行取现、跨境理财通等多个领域。这一举动引发市场广泛关注。 服务收费多项调整 6月9日，苏州银行在官网公告称，根据《商业银行服务价格管理办法》的有关规定，同时结合该行业务 开展需要，苏州银行将新增一项服务收费项目。该服务名称为"尊行卡年费"，收费标准为金卡免年费， 白金卡588元/卡/年，自2025年9月10日起执行。 乌海银行通过官微发布公告称，自6月13日起对资信业务和银团贷款业务进行收费。此次新增收费项目 涉及个人客户和对公客户，其中为个人客户开立个人存款证明服务收费标准为20元/份；为存款人出具 资信证明收费标准为200元/份。 针对这一问题，上海冠苕信息咨询中心创始人周毅钦对《证券日报》记者表示，新增和调整收费项目为 银行开辟了新的收入来源，缓解了利润压力，促使银行优化资源配置，聚焦高附加值业务，同时也对客 户体验管理提出更高的要求。银行需加强与客户的沟通，充分解释收费依据与服务价值，平衡好盈利与 客户满意度的关系。 面对净息差压力，银行除新增服务收费外，还应积极探索多元化增收路径。周毅钦表示 ...

Core Viewpoint - Recent increases in service fees by banks are a response to the pressure on net interest margins, aiming to enhance profitability in a challenging economic environment [1][4]. Group 1: Fee Increases by Major Banks - Major banks, including state-owned banks and local banks, are collectively raising service fees, with adjustments to credit card transaction fees and other banking services [2][3]. - China Bank plans to adjust its credit card service fee structure, effective June 10, 2025, with new fees based on a percentage of the withdrawal amount [2]. - Local banks like Uihai Bank and Chouzhou Commercial Bank are also introducing new fees for various services, including personal credit certificates and international mailing [3]. Group 2: Financial Performance and Challenges - The banking sector is facing significant pressure on profitability, with the net interest margin reported at 1.43% as of the first quarter of 2025, a year-on-year decrease of 11 basis points [4]. - Chouzhou Commercial Bank reported a decline in net profit by 36.94% year-on-year, despite a slight increase in revenue, indicating a challenging operating environment [4]. - Analysts suggest that while banks are increasing fees to alleviate revenue pressure, this may not be a sustainable long-term solution [4]. Group 3: Strategic Recommendations - Experts recommend that banks focus on business innovation and enhancing core competitiveness rather than solely relying on fee increases [6]. - It is suggested that banks should deeply understand local market behaviors and tailor their services accordingly to improve competitiveness [6]. - The emphasis should be on innovative business practices that are unique to local banks, rather than pursuing growth through increased fees during periods of narrowing interest margins [6].

Investment Rating - The report maintains an "Overweight" rating for the company [1] Core Views - The company reported a Q1 2025 revenue of 212.77 billion yuan, a decrease of 3.22% year-on-year, and a net profit attributable to shareholders of 84.16 billion yuan, down 3.99% year-on-year [2] - Total assets at the end of Q1 stood at 51.55 trillion yuan, reflecting an increase of 8.29% year-on-year, with a non-performing loan ratio of 1.33%, down 1 basis point quarter-on-quarter [2] - The net interest margin for Q1 was 1.33%, a decline of 15 basis points year-on-year [2] Summary by Sections Financial Performance - Q1 2025 revenue decreased by 3.22% year-on-year to 2127.74 billion yuan, with net profit down 3.99% to 841.56 billion yuan [2] - Total assets increased by 8.29% year-on-year to 51.55 trillion yuan, with a non-performing loan ratio of 1.33% [2] Loan and Deposit Growth - Government financing has driven growth in investment assets, while loan growth has slightly slowed due to demand factors [6] - Deposit growth has shown a slight recovery, influenced by macroeconomic policies [6] Interest Margin and Income - The net interest margin for Q1 was 1.33%, reflecting a decline due to repricing effects [6] - Fee and commission income has seen a narrowing decline, with potential for recovery in the upcoming quarters [6] Asset Quality - The overall asset quality remains stable, with a non-performing loan ratio of 1.33% at the end of 2024 [7] - Individual loan risks are expected to be manageable, supported by a solid customer base and prudent risk management [7] Earnings Forecast and Investment Recommendation - The company is expected to maintain stable operations despite rising pressures, with projected revenues of 817.5 billion yuan, 833 billion yuan, and 880.2 billion yuan for 2025, 2026, and 2027 respectively [8] - The report maintains an "Overweight" rating based on the company's strong customer base, diversified business, and stable dividend policy [8]

Core Viewpoints - The bank's Q1 2025 operating income, PPOP, and net profit attributable to shareholders showed year-on-year growth rates of -4.06%, -4.38%, and 0.31% respectively, with changes of +2.99 percentage points, +5.26 percentage points, and -1.91 percentage points compared to Q4 2024 [1] Group 1: Highlights - Loan growth rebounded with a year-on-year increase of 5.24% by the end of Q1 2025, up 1.36 percentage points from Q4 2024, driven by targeted credit allocation in key sectors such as technology, green finance, and inclusive finance [2] - Deposit growth showed recovery with a year-on-year increase of 3.49% by the end of Q1 2025, up 4.92 percentage points from Q4 2024, resulting in an additional 202.7 billion yuan in deposits for the quarter [2] - The bank's fee and commission income grew by 3.27% year-on-year in Q1 2025, marking the first positive growth in this area since 2021, with expectations for continued growth throughout the year as macroeconomic conditions improve [2] - Investment income saw a significant increase, with net investment income rising by 303.0% year-on-year, despite a 212.6% negative change in fair value gains and losses [2] Group 2: Concerns - The net interest margin continued to narrow, measuring 1.39% in Q1 2025, down 14 basis points from Q4 2024, with asset yield under pressure [3] - The bank's non-performing loan ratio remained stable at 1.25%, while the provision coverage ratio decreased to 174.44%, indicating a need for further strengthening of the provision buffer [3] Group 3: Investment Recommendations - The bank announced a total dividend of 0.189 yuan per share for 2024, with a payout ratio of 30.14%, reflecting a 1.73 percentage point increase from 2023, suggesting ongoing investment value [3]