BANK OF CHANGSHA(SH:601577)2024-09-26 09:12Group 1: Financial Outlook - The bank has proactively reduced the deposit benchmark rates in response to the adjustments made by the four major banks, leading to a decrease in the cost of liabilities [1] - The narrowing of the net interest margin (NIM) is primarily due to a significant decline in loan yields, with the 1-year LPR down by 10 basis points and the 5-year LPR down by 35 basis points [1] - The bank aims to manage deposit rates effectively and reduce high-cost deposits in the second half of the year [1] Group 2: Retail Asset Quality - The macroeconomic environment is expected to improve, which will help alleviate pressure on retail asset quality management [3] - The bank is focusing on expanding its quality personal customer base while optimizing risk strategies and enhancing risk monitoring [3] - As the economic recovery continues, the quality of retail assets is anticipated to stabilize and gradually improve [3]