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大行“下沉”遇上利率双降: 解开银行区域业务吸金密码
Xin Hua Wang· 2025-08-12 06:07
Core Viewpoint - The recent reduction in Loan Prime Rate (LPR) and deposit rates is expected to significantly enhance the lending enthusiasm of banks, particularly in the Yangtze River Delta region, which has become a key area for credit issuance and revenue growth for state-owned banks [1][2][3] Group 1: Lending Market Dynamics - The LPR has been lowered by 10 basis points for both 1-year and 5-year terms, while state-owned banks have reduced fixed deposit rates by 15 to 25 basis points, leading to a situation where deposit rate cuts exceed LPR cuts [2][3] - The primary goal of these adjustments is to stabilize net interest margins and balance support for the real economy with the health of the banking system, thereby increasing credit issuance [2][3] - State-owned banks are focusing on key sectors and weak links, increasing credit issuance while adopting region-specific strategies based on local economic characteristics [5][6] Group 2: Regional Revenue Contributions - The Yangtze River Delta region is the most profitable for state-owned banks, contributing over 30% of revenue for the Bank of Communications, while the Pearl River Delta contributes between 9% to 17% [3][4] - By the end of 2024, the loan balance in the Yangtze River Delta for major state-owned banks was over 20%, with the Bank of Communications leading at 28.43% [2][3] - Agricultural Bank and Postal Savings Bank have significant loan balances in the western and central regions, respectively, with their contributions to total loan balances being 21.7% and 24.32% [3][4] Group 3: Strategic Focus and Innovations - State-owned banks are implementing tailored financial services based on regional characteristics, such as the Postal Savings Bank's collaboration with local tourism entities to provide specialized loans [6][7] - The banks are also exploring new collateral methods to address challenges faced by private enterprises in securing loans, particularly in the Yangtze River Delta [7] - Recent financial policies aim to enhance the quality of service to the real economy, including the introduction of a "technology board" in the bond market and increased support for small and agricultural loans [8][9] Group 4: Future Outlook - The net interest margin for commercial banks is under pressure, with a reported decline to 1.43% in Q1 2025, prompting banks to further increase credit issuance to support the real economy [9] - Regulatory bodies are expected to continue guiding banks to enhance credit issuance and maintain reasonable growth in credit volume, aligning with economic growth and price stability targets [9]