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多家中小银行下调存款利率!新一轮“降息”或开启?
Jing Ji Wang· 2025-08-21 08:25
近日,浙江、贵州、吉林等地多家村镇银行宣布下调存款利率,降幅为10—20个基点不等。与此形成对 比的是,个别银行近期推出了年化利率在2%以上的大额存单产品,引发市场关注。 业内人士表示,本轮存款利率下调以中小银行为主,面对净息差下滑趋势,中小银行主动调控负债成 本,跟进下调存款利率以稳定息差。在未来存款利率下调趋势仍将持续的背景下,中小银行应深入考虑 如何摆脱高息存款依赖、打造差异化产品和服务体系,进一步提升核心竞争力。 多家村镇银行存款利率下调 "三年期定期存款利率将于本周三(8月20日)下调!"周二,陈女士从江苏银行客户经理处得知,该行 三年期定期存款利率将由1.85%降至1.75%,降幅10个基点。 工作人员向陈女士介绍,调整后,江苏银行三年期的定期存款年化利率为1.75%,起存金额为一万元; 同类定期存款产品一年期、二年期的利率则暂未调整。 近期,多家中小银行密集发布存款利率调整公告。 8月19日,嵊州瑞丰村镇银行发布存款利率公示,该行人民币个人定期存款整存整取三个月、六个月、 一年、二年、三年、五年的年化利率分别调整为0.8%、1.1%、1.15%、1.15%、1.3%、1.3%,较调整前 下降10 ...
业绩亮眼背后:江阴银行如何靠投资收益“对冲”息差压力?
Jing Ji Guan Cha Wang· 2025-08-17 04:01
Core Viewpoint - Jiangyin Rural Commercial Bank reported steady growth in assets and profits for the first half of 2025, driven by significant increases in investment income and improved asset quality [2][3][6]. Financial Performance - As of June 30, 2025, total assets reached 207.58 billion, a 3.67% increase from the previous year, while total liabilities grew by 3.86% to 188.38 billion [2]. - The bank's operating income for the first half of 2025 was 2.40 billion, reflecting a year-on-year growth of 10.45%, with net profit attributable to shareholders rising by 16.69% to 846 million [2][3]. - Investment income surged by 81.44% to 882 million, becoming the main driver of profit growth, while net interest income remained stable at 1.41 billion [2][3]. Income Composition - Non-interest income saw rapid growth, with investment income accounting for 36.72% of total operating income, up from 22.35% in the previous year [3]. - The bank's trading financial assets increased by 28.58% to 25.33 billion, with government bonds showing a remarkable growth of 267.27% [3]. - Fee and commission income decreased by 35.15% to 50.85 million, primarily due to market conditions affecting intermediary business revenues [3]. Asset and Liability Management - Total loans and advances amounted to 131.42 billion, a 5.87% increase, with over 80% allocated to corporate loans, particularly in manufacturing, wholesale retail, and construction [5]. - Total deposits reached 164.83 billion, growing by 6.35%, with a stable liability structure where deposits accounted for 87.49% of total liabilities [5]. Asset Quality - The overdue loan balance decreased significantly by 16.63% to 1.40 billion, indicating improved asset quality management [6]. - However, a substantial portion of overdue loans (68.69%) were overdue for more than three months, suggesting potential risks of conversion to non-performing loans [6]. - Credit impairment losses were 868 million, down 3.27% year-on-year, reflecting effective risk management and asset disposal efforts [6]. Industry Challenges - The bank faces challenges common to regional banks, including narrowing net interest margins and reliance on traditional lending models [6][7]. - There is a need for regional banks to enhance digital capabilities and explore wealth management and transaction banking to adapt to increasing competition and regulatory pressures [7]. - The concentration of loans in specific regions may amplify risks associated with economic fluctuations, necessitating a cautious approach to business expansion [7].
存款利率再降!3个月期击穿1%
21世纪经济报道· 2025-07-23 15:23
Core Viewpoint - The article highlights the continuous decline in bank deposit rates, with many banks entering the "1 era" for medium to long-term rates, indicating a broader trend of decreasing interest rates in the banking sector [1][2][4]. Summary by Sections Bank Deposit Rates - As of June 2025, the average interest rates for various term deposits are as follows: 3-month at 0.949%, 6-month at 1.156%, 1-year at 1.287%, 2-year at 1.372%, 3-year at 1.695%, and 5-year at 1.538% [3]. - Compared to May, the rates have decreased: 3-month by 5.5 basis points (BP), 6-month by 5.6 BP, 1-year by 5.2 BP, 2-year by 5.6 BP, 3-year by 1.6 BP, and 5-year by 3.5 BP [3]. Factors Influencing Rate Changes - The decline in deposit rates was anticipated following the People's Bank of China's (PBOC) reduction of the Loan Prime Rate (LPR) on May 20, which led major banks to lower their deposit rates by up to 25 BP [3][4]. - The ongoing marketization of interest rates and the pressure on banks' net interest margins are contributing to the trend of decreasing deposit rates [4][5]. Large Certificates of Deposit (CDs) - The average interest rates for large CDs have also decreased, with 3-month at 1.179%, 6-month at 1.391%, 1-year at 1.477%, 2-year at 1.462%, 3-year at 1.768%, and 5-year at 1.700% [7]. - The decline in rates is more pronounced for longer-term CDs, with significant reductions observed across all terms compared to May [7]. Structural Deposits - The average term for structured deposits has increased to 103 days, with an average expected middle yield of 1.78% and an average expected maximum yield of 2.14% [11]. - The yields for structured deposits linked to various assets have shown mixed trends, with some categories experiencing declines while others, like those linked to indices, have seen slight increases [12]. Future Outlook - Analysts predict that the downward trend in deposit rates will continue due to multiple factors, including the need for banks to manage their funding costs and the overall low-interest-rate environment [13]. - The expectation is that banks will further adjust their deposit rates to mitigate risks associated with high-interest liabilities in a declining rate environment [9][13].
整体跌至“1字头”,大额存单“失宠了”
21世纪经济报道· 2025-07-08 15:39
Core Viewpoint - The article discusses the decline in the attractiveness of large-denomination time deposits in the context of falling interest rates, leading to a shift in consumer investment behavior towards more appealing financial products like wealth management and insurance [1][2][4]. Summary by Sections Interest Rate Changes - Major banks have reduced interest rates on large-denomination time deposits, with rates now entering the "1" era, marking the first large-scale adjustment since 2025 [4]. - As of July 8, 2025, the interest rates for large-denomination time deposits at major banks are generally below 2%, with some rates even matching or falling below those of regular savings products [5][7]. Market Response - The decline in interest rates has led to a noticeable trend of "deposit migration," where funds are moving from traditional deposits to more attractive investment options such as wealth management and insurance products [2][10]. - The demand for large-denomination time deposits has decreased significantly, with fewer customers inquiring about these products [4][10]. Product Availability - Many banks have removed long-term large-denomination time deposits from their offerings, focusing instead on shorter-term products ranging from 1 month to 2 years [1][5]. - The availability of 5-year large-denomination time deposits has virtually disappeared, and even 3-year products are limited in supply [5][6]. Investment Trends - The shift in consumer behavior is reflected in the increasing popularity of wealth management products, with the market size surpassing 31.3 trillion yuan in the first half of 2025 [10]. - Financial advisors are now recommending products based on clients' liquidity preferences, with a focus on short-term fixed-income investments for those requiring higher liquidity [11][12].
银行调高服务收费应做好五个平衡
Guo Ji Jin Rong Bao· 2025-07-02 06:51
Core Viewpoint - The recent increase in service fees by over 10 banks in the first half of 2025 is a response to the narrowing net interest margin and aims to enhance revenue sources and profitability [1][2] Group 1: Reasons for Fee Increases - The continuous narrowing of net interest margins has compelled banks to seek new revenue sources to improve profitability and risk resilience, with the net interest margin reported at 1.43% at the end of Q1, down 11 basis points year-on-year [1] - Banks are adjusting service fees to improve cost coverage and enhance equipment utilization efficiency [1] - The expansion of free services during the COVID-19 pandemic has increased pressure on net interest margins, prompting banks to optimize their service fee structures to ensure sustainable development [1] Group 2: Regulatory and Consumer Considerations - The adjustments in service fees align with the 2014 regulations allowing banks to set market-adjusted prices autonomously, while also respecting consumers' rights to information and choice [2] - Banks must communicate effectively with customers regarding the basis for fees and the value of services to avoid customer dissatisfaction and potential loss [2] - A careful balance must be struck between profit growth and customer satisfaction to mitigate negative social impacts from fee adjustments [2] Group 3: Long-term Strategies for Sustainability - Relying solely on new fees for income is not a sustainable long-term strategy; banks must focus on economic transformation and enhancing core competitiveness [3] - Smaller banks should leverage their unique characteristics and market positioning to offer customized financial products and services, creating competitive advantages [3] - There is a need for banks to accelerate digital transformation and improve operational efficiency to reduce costs and enhance customer experience [3]
中长期大额存单货架越来越空:低利率重塑银行负债端业态
Core Viewpoint - The decline in the issuance of medium- and long-term large-denomination certificates of deposit (CDs) reflects banks' proactive adjustments in their liability management strategies amid pressure on net interest margins [1][3][5]. Summary by Sections Changes in Large-Denomination CDs - Many national banks have stopped issuing medium- and long-term large-denomination CDs, with the longest available term now being two years, and the interest rates for two-year CDs being the same as for one-year CDs at 1.4% [1][2]. - The interest rates for large-denomination CDs have become comparable to those of regular fixed-term deposits, diminishing their appeal [2][3]. Impact of Low-Interest Rates - The low-interest environment is forcing banks to reshape their deposit strategies and liability structures, shifting focus from scale to quality and efficiency [4][5]. - Banks are increasingly converting medium- and long-term deposits into short-term deposits to manage costs effectively [3][4]. Net Interest Margin Pressure - The net interest margin for commercial banks in China was reported at 1.43% in Q1 2025, a decrease of 9 basis points from Q4 2024, indicating ongoing pressure on profitability [3][4]. - Different types of banks, including state-owned and joint-stock banks, have experienced varying degrees of decline in net interest margins, with some facing significant challenges in maintaining profitability [3][4]. Shift in Deposit Strategies - Regional small and medium-sized banks are rapidly adjusting their deposit rates, sometimes lowering them below those of larger banks, indicating a shift in competitive dynamics [4][5]. - Banks are focusing on optimizing their deposit structures by increasing short-term deposits and reducing reliance on high-cost liabilities [5][6]. Future Trends in Deposits - There is an expectation that funds will flow towards non-bank financial products, the real economy, and potentially back to smaller banks due to their delayed rate adjustments [6][7]. - Investors are encouraged to reconsider traditional reliance on deposits and explore diversified investment strategies to enhance long-term returns [7].
多家银行下架3年期大额存单
21世纪经济报道· 2025-06-11 03:43
Core Viewpoint - The article discusses the declining availability and interest rates of large-denomination time deposits in China, highlighting a shift in the banking sector's focus towards high-net-worth clients and the impact of market interest rate changes on deposit products [2][4][16]. Summary by Sections Availability of Large-Denomination Time Deposits - Many banks, including major state-owned and joint-stock banks, have removed five-year and some three-year large-denomination time deposit products from their offerings, now primarily providing two-year options [2][7]. - For example, Industrial and Commercial Bank of China has no five-year large-denomination time deposits available, with one-year and two-year rates at 1.2% and three-year rates at 1.55% respectively [3][10]. Interest Rate Trends - The majority of banks have seen their maximum annualized interest rates for large-denomination time deposits drop to the 1% range, with some banks offering rates as low as 0.9% for one-month deposits, which are now lower than many money market funds [4][6][11]. - The three-year large-denomination time deposit rates have decreased by approximately 80 basis points compared to the previous year, reflecting a broader trend of declining deposit rates in response to market conditions [15][16]. Market Dynamics and Client Focus - In the current environment, banks are focusing on managing their liability costs and optimizing client structures, with a notable shift towards serving high-net-worth clients [5][17]. - The article notes that some banks are promoting the transfer of existing high-rate large-denomination time deposits as a strategy to attract clients seeking better returns [13]. Regional Variations in Rates - There are discrepancies in interest rates for the same large-denomination time deposit products across different regions, indicating a localized approach to deposit pricing [14][19]. Competitive Landscape - The competition among banks has intensified, leading to a reduction in deposit interest rates as banks seek to lower their funding costs while still growing their deposit bases [18][19].
银行中长期大额存单“退潮”
Mei Ri Shang Bao· 2025-06-10 22:17
Core Viewpoint - The recent trend of major banks in China, including Industrial and Commercial Bank of China, Agricultural Bank of China, and others, has been to phase out long-term large-denomination certificates of deposit (CDs) in response to the ongoing narrowing of net interest margins, indicating a strategic shift towards more sustainable liability structures [1][4]. Group 1: Market Changes - Many banks have removed five-year and even three-year large-denomination CDs from their offerings, with some banks now only providing products with a maximum term of two years [1][2]. - The average interest rate for three-year large-denomination CDs has dropped significantly from 2.197% to 1.55%, leading to a reduction in interest income for depositors [2][3]. Group 2: Interest Rate Trends - The interest rates for large-denomination CDs have entered a "1 era," with rates for two-year and one-year CDs generally around 1.20% and 1.55% for three-year CDs, reflecting a broader trend of declining rates [3][4]. - The current interest rates for two-year and shorter large-denomination CDs are concentrated between 0.9% and 1.4%, while five-year products have largely disappeared from the market [3]. Group 3: Strategic Responses - Banks are actively reducing the scale of long-term liabilities to avoid the risk of cost-revenue inversion, which is a direct response to the pressure on net interest margins [1][4]. - The net interest margin for Chinese commercial banks is projected to decline further, with a reported drop to 1.43% in the first quarter of 2025, highlighting the ongoing challenges faced by the banking sector [4].
长期限大额存单“失踪”,存款“特种兵”蹲守转让专区
Core Viewpoint - The availability of high-yield large-denomination certificates of deposit (CDs) is decreasing, with many banks no longer offering products with longer maturities, and the interest rates have entered the 1% era for most banks [1][2]. Group 1: Availability of Large-Denomination CDs - Many banks, including major state-owned and joint-stock banks, have removed five-year and some three-year large-denomination CDs from their offerings, now only providing up to two-year products [1][2]. - The interest rates for large-denomination CDs have significantly decreased, with most banks offering rates below those of money market funds [4][2]. Group 2: Interest Rate Comparison - The annualized interest rates for large-denomination CDs vary by bank size and type, with major banks offering rates as low as 0.9% for one-month CDs and 1.55% for three-year CDs, while some private banks offer rates as high as 2.3% for three-year CDs [3][6]. - The average annualized interest rate for listed banks' deposit rates has decreased to 1.82% in 2024, down 15 basis points from 2023 [9]. Group 3: Market Trends and Strategies - In response to declining interest rates, banks are focusing on optimizing their liability structures and shifting resources towards high-net-worth clients [6][9]. - The trend of transferring high-yield large-denomination CDs is gaining traction, with clients seeking to acquire older CDs with better rates through transfer zones [5][6]. Group 4: Regional Rate Discrepancies - There are notable regional differences in the interest rates for the same large-denomination CD products, with variations observed across cities such as Shanghai, Zhejiang, and Jiangsu [6][9]. Group 5: Impact of Regulatory Changes - The continuous decline in the interest rates for large-denomination CDs is a result of the market-oriented interest rate reforms and the reduction of the Loan Prime Rate (LPR) [6][8]. - The net interest margin for banks has narrowed, with the average margin dropping to 1.43% in the first quarter of 2025, down from 1.54% in the previous year [6][8].
下架、断货成常态 银行长期限大额存单被打入“冷宫”
Bei Jing Shang Bao· 2025-06-10 12:21
Core Viewpoint - The recent scarcity of long-term large-denomination certificates of deposit (CDs) in Chinese banks reflects a strategic shift in response to narrowing net interest margins and rising funding costs, prompting banks to limit high-cost deposit products and encouraging investors to reconsider traditional deposit reliance [1][3][4][5]. Group 1: Market Trends - Long-term large-denomination CDs, particularly 5-year products, have become increasingly difficult to find, with many banks ceasing to offer them [2][3]. - As of June 10, 2023, major state-owned banks have reduced the interest rates on 1-year and 2-year large-denomination CDs to 1.2%, and 3-year products to 1.55%, with no 5-year CDs available [2][3]. - The trend of banks discontinuing long-term large-denomination CDs has been observed since early 2024, indicating a proactive strategy to manage liabilities amid declining net interest margins [3][4]. Group 2: Financial Implications - The net interest margin for Chinese commercial banks fell to 1.43% in Q1 2025, a decrease of 9 basis points from Q4 2024, highlighting the pressure on banks to manage funding costs [4]. - The shift towards shorter-term deposits and alternative financial products, such as short-term wealth management and structured deposits, is becoming more prevalent as banks seek to attract funds while minimizing interest expenses [5][6]. Group 3: Investor Recommendations - Investors are advised to adjust their traditional reliance on deposits, as the overall deposit rates have entered the "1 era," which may lead to returns lagging behind inflation [8]. - It is suggested that investors consider diversifying their portfolios by including low-risk assets like government bonds and short-term bond funds, or adopting a "deposit + insurance + wealth management" strategy to balance liquidity and returns [8]. - For those with higher risk tolerance, a "fixed income +" strategy that includes equity assets may enhance long-term returns [8].