Core Viewpoint - The banking industry is facing ongoing pressure on net interest margins, prompting various strategies to stabilize them, including a competition held by Ruifeng Bank to showcase effective margin control practices [2][3][4]. Group 1: Industry Overview - The net interest margin (NIM) for 42 A-share listed banks shows a downward trend, but the rate of decline is slowing down. There is still room for both deposit and loan rates to decrease, which is crucial for stabilizing margins [2][4]. - Among the listed banks, Changshu Bank, China Merchants Bank, and Changsha Bank have the highest NIMs, while Xiamen Bank has the lowest at 1.08% [2][5]. - In the first half of the year, only three banks—Xi'an Bank, Chongqing Bank, and Qilu Bank—saw an increase in NIM, while several others experienced declines exceeding 20 basis points [2][5]. Group 2: Ruifeng Bank's Initiatives - Ruifeng Bank held a competition on September 6, 2023, to highlight successful cases in margin control, attended by senior management and various department heads [3][4]. - The competition aimed to foster a culture where every employee is engaged in margin management, emphasizing the importance of clear responsibilities and strong execution [4]. Group 3: Financial Performance - Ruifeng Bank reported a NIM of 1.46% for the first half of the year, a decrease of 4 basis points from the previous year. The bank's revenue growth was 3.91%, and net profit growth was 5.59%, ranking third among listed rural commercial banks [4][6]. - The bank's total assets reached 230.07 billion yuan, placing it seventh among listed rural commercial banks [4]. Group 4: Deposit Trends - The trend of increasing the proportion of time deposits continues to exert pressure on NIMs. As of mid-2023, the proportion of demand deposits is highest at China Merchants Bank, which exceeds 50% [7][8]. - Many banks still have high ratios of time deposits, with Chongqing Bank and Yurun Rural Commercial Bank leading at 78.54% and 75.66%, respectively [8]. - The industry is adjusting its liability structure to reduce high-cost time deposits and promote demand deposits, which is seen as a key strategy for stabilizing margins [7][9].

作者 | 第一财经 亓宁 经营压力下，银行业息差保卫战持续白热化。这个周末，瑞丰银行召开2025年息差管控案例比拼大赛，引起业内关注。 2025.09. 08 本文字数：2695，阅读时长大约4分钟 从半年报数据来看，银行业息差仍面临下行压力，但降幅已有边际收窄趋势。综合各行业绩会透露的信息，接下来，存款和贷款利率都还有下降空间， 对资产负债结构的调控、定价"反内卷"等是稳息差的重要方向。 今年上半年，42家A股上市银行中，净息差排在前三位的分别是常熟银行、招商银行、长沙银行；排在后三位的是紫金银行、上海银行、厦门银行，其 中厦门银行以1.08%的净息差垫底。上半年，仅西安银行、重庆银行、齐鲁银行净息差逆势上行，江阴银行、贵阳银行、长沙银行、紫金银行净息差下 降仍超过20BP（基点）。 瑞丰银行内部进行息差管控大PK 据瑞丰银行官方消息，该行于9月6日（周六）上午召开了2025年息差管控案例比拼大赛，16家入围单位逐一上场，展现支行、村行、条线在息差管控 中的优秀案例和经验。 从出席人员来看，这场大赛规格不低——瑞丰银行党委书记、董事长吴智晖出席会议并讲话，党委副书记、行长陈钢梁主持会议。行领导，支行、部门 ...

Core Viewpoint - Industrial Bank reported a turnaround in net profit, achieving positive growth after a previous decline, and demonstrated effective management of interest margins [2][3]. Financial Performance - As of June 30, 2025, Industrial Bank's total assets reached 10.61 trillion yuan, a 1.01% increase from the end of the previous year [2]. - The bank's revenue for the first half of the year was 110.46 billion yuan, a year-on-year decrease of 2.29%, with the decline rate narrowing by 1.29 percentage points compared to the first quarter [2]. - Net profit was 43.14 billion yuan, reflecting a year-on-year growth of 0.21%, marking a recovery from negative growth in the first quarter [2]. Interest Margin Management - The net interest margin for the first half of the year was 1.75%, down 7 basis points from 2024, which is within the expected range for joint-stock banks [3]. - Interest income was 73.7 billion yuan, showing a slight decline of 1.5% year-on-year, consistent with industry trends [3]. - The bank anticipates that the decline in net interest margin will be controlled within the initially projected 10 basis points for the year [3]. Asset Quality - The non-performing loan (NPL) ratio stood at 1.08%, unchanged from the first quarter, with a provision coverage ratio of 228.54% [2]. - New non-performing loans in the real estate sector decreased by 45.72% year-on-year, while credit card NPLs fell by 7.5% [5]. - The bank expects a decrease in the overall scale of new non-performing loans for the year compared to the previous year [5]. Loan Structure and Strategy - Retail deposits grew by 148.3 billion yuan, reaching 1.72 trillion yuan, positioning the bank as the second-largest among joint-stock banks [6]. - Corporate loans (excluding bills) increased by 227.1 billion yuan, with significant growth in green, technology, and manufacturing loans [6]. - The bank is focusing on reducing exposure to real estate and local government financing platforms, with respective loan balances decreasing by 21.15 billion yuan and 28.90 billion yuan [6]. Market Outlook and Policy Impact - The "anti-involution" policy is expected to provide both opportunities and challenges for the banking sector, potentially alleviating downward pressure on asset yields [7]. - The bank aims to achieve a new loan target of 300 billion yuan for corporate finance and improve retail loan performance while managing risks [7]. Convertible Bonds - The bank is optimistic about the conversion of its convertible bonds, with a remaining balance of 41.35 billion yuan, following a full conversion by the Fujian Provincial Finance Department [9]. - The current stock price is above the conversion price, indicating potential for further valuation recovery [9].

Core Viewpoint - The core viewpoint of the article is that Industrial Bank has successfully turned its net profit from negative to positive in the first half of 2025, demonstrating effective management of net interest margin and overall operational performance that outperformed the market expectations [2][4]. Financial Performance - As of June 30, 2025, Industrial Bank's total assets reached 10.61 trillion yuan, an increase of 1.01% compared to the end of the previous year [2]. - The bank reported revenue of 1104.58 billion yuan, a year-on-year decrease of 2.29%, with the decline rate narrowing by 1.29 percentage points compared to the first quarter [2]. - Net profit for the first half of the year was 431.41 billion yuan, showing a year-on-year growth of 0.21%, marking a turnaround from negative growth in the first quarter [2]. Asset Quality - The non-performing loan (NPL) ratio stood at 1.08%, unchanged from the first quarter, while the provision coverage ratio was 228.54% [3]. - The bank has seen a significant reduction in new non-performing loans in key sectors: new non-performing loans in real estate decreased by 45.72% year-on-year, and credit card non-performing loans fell by 7.5% [9]. Net Interest Margin Management - The net interest margin for the first half of 2025 was 1.75%, down 7 basis points from 2024, which is within the expected range for joint-stock banks [5]. - The bank anticipates that the decline in net interest margin will be controlled within the initially projected 10 basis points for the year, with a narrowing of the decline in net interest income expected in the second half [6]. Loan Structure and Strategy - Industrial Bank's retail deposits grew by 148.3 billion yuan in the first half, reaching 1.72 trillion yuan, positioning it as the second-largest among joint-stock banks [10]. - Corporate loans (excluding bills) increased by 227.1 billion yuan, with notable growth in green, technology, and manufacturing loans [10]. - The bank is focusing on risk management and aims to achieve a target of 300 billion yuan in new corporate loans for the year [11]. Policy Impact - The "anti-involution" policy is seen as both an opportunity and a challenge for the banking sector, potentially alleviating downward pressure on asset yields while also leading to a more competitive environment focused on meeting customer needs [12]. - The policy is expected to drive financial resources towards high-end manufacturing and green economy sectors, optimizing the bank's asset and client structure [12]. Convertible Bonds - Industrial Bank is optimistic about the conversion of its convertible bonds, with a significant portion already converted by a major shareholder, reflecting confidence in the bank's long-term development [14]. - The current stock price is above the conversion price, indicating potential for further valuation recovery [14].

Group 1: Core Insights - Xiamen Bank is implementing a "2+3" five-year development strategy focusing on short, medium, and long-term goals, emphasizing market segmentation, asset growth, and customer management [1] - The bank's total assets surpassed 400 billion yuan by the end of 2024, with operating income of 5.76 billion yuan and net profit of 2.59 billion yuan, maintaining stable performance [1] - The bank's management expressed confidence in the long-term sustainability of positive factors despite short-term performance fluctuations [3] Group 2: Interest Margin Management - Xiamen Bank anticipates stabilization and potential improvement in net interest margin (NIM) this year, with NIM contributing over 70% to operating income [2] - The bank has reduced the average scale of low-yield notes by 12.62% and decreased high-interest deposits, leading to a 30 basis points decline in deposit cost rate year-on-year [2] - The bank expects NIM to stabilize this year, with improvements anticipated as deposit costs continue to decline [2] Group 3: Performance Fluctuations - In Q1 2024, Xiamen Bank reported operating income of 1.214 billion yuan and net profit of 650 million yuan, reflecting some volatility [3] - The decline in revenue was primarily due to decreased investment-related income and tighter interbank liquidity, impacting the fair value of bond assets [3] - Despite a decrease in net interest income due to narrowing interest margins, management is optimistic about recovery [3] Group 4: Loan and Deposit Growth - In Q1 2024, Xiamen Bank's total deposits and general loan scales grew by 3.4% and 2.8%, respectively, marking a significant achievement in traditional business growth [4] - The bank plans to increase general corporate loans in the coming quarters, focusing on high-yield and high-quality sectors [4] - The bank's corporate loan growth is expected to exceed last year's total by the first half of 2025 [4] Group 5: Asset Quality Management - Xiamen Bank's non-performing loan (NPL) ratio decreased to 0.74% by the end of 2024, with a non-performing loan balance of 1.512 billion yuan, indicating strong asset quality [5] - The bank is managing credit risks effectively, particularly in high-risk sectors like real estate, with a focus on maintaining a high provision coverage ratio [6] - The bank's management remains confident in asset quality for 2025, despite some short-term pressures [7] Group 6: Cross-Strait Financial Services - Xiamen Bank has seen significant growth in cross-strait financial services, with a nearly 20% increase in Taiwan enterprise clients and a 17% increase in Taiwan resident clients by the end of 2024 [7] - The bank aims to enhance its coverage of Taiwan enterprises and residents, recognizing their substantial contribution to overall business [7] - The bank plans to expand its financial services to supply chain financing for Taiwan businesses beyond the current regions [7]