Finance Association reported on October 21st (by Gao Ping) that after China Merchants Bank and Ping An Bank took the lead in lowering deposit interest rates on October 18th and 19th, as of the time of publication, China CITIC Bank, China Everbright Bank, China Huaxia Bank, China Minsheng Bank, China Guangfa Bank, Shanghai Pudong Development Bank, and Industrial Bank have announced today to lower deposit interest rates. Overall, the 9 joint-stock banks that have already lowered their rates have the same maximum decrease of 25 basis points for time deposits as the big banks.

Industry insiders told Finance Association journalists that the joint-stock banks' follow-up rate cuts are in line with policy guidance and their own need to stabilize net interest margins. It is expected that subsequent small and medium-sized banks will follow suit. The bank's initiation of a new round of deposit rate cuts is of great significance in stabilizing net interest margins, thereby ensuring the stable operation of commercial banks and continuing to increase support for financing in the real economy.

7 joint-stock banks announced today a maximum 25 basis point decrease in time deposit interest rates.

Multiple joint-stock banks have followed suit in lowering deposit interest rates. As of the time of publication, according to the statistics compiled by Finance Association journalists, China CITIC Bank, China Everbright Bank, China Huaxia Bank, China Minsheng Bank, China Guangfa Bank, Shanghai Pudong Development Bank, and Industrial Bank have updated their new deposit interest rates, which will take effect from October 21st.

In addition to the earlier cuts by China Merchants Bank and Ping An Bank, as of now, a total of 9 joint-stock banks have followed suit in lowering deposit interest rates. Overall, joint-stock banks that have updated their deposit rates have seen a decrease in their time deposit rates similar to those of the major banks. For example, China Everbright Bank's time deposit rates for 3 months, 6 months, 1 year, 2 years, 3 years, 5 years, which will take effect from October 21st, are 0.85%, 1.1%, 1.3%, 1.35%, 1.55%, 1.6%. Prior to this, the rates updated since July 29th were 1.1%, 1.35%, 1.55%, 1.6%, 1.8%, 1.85%, showing a 25 basis point decrease for all terms.

Furthermore, China Minsheng Bank's time deposit rates for 3 months, 6 months, 1 year, 2 years, 3 years, 5 years, have been reduced by 25 basis points to 0.85%, 1.1%, 1.3%, 1.3%, 1.55%, 1.6% starting from October 21st. These new rates will take effect from that date.

As of the time of publication, China Bo Hai Bank, Hengfeng Bank, and China Zheshang Bank's official websites have not yet updated their new deposit interest rates. For example, as of July 29th, China Zheshang Bank's time deposit rates for 3 months, 6 months, 1 year, 2 years, 3 years, 5 years were 1.1%, 1.35%, 1.55%, 1.7%, 2.05%, 2.1%.

業界：今回の預金金利の引き下げは、各種ローンの金利引き下げが利差に与える影響をほぼ相殺できる

10月18日、工商銀行、中国農業銀行、中国銀行、建設銀行など国有大手銀行が、現在の状況と自社の経営必要性に基づき、積極的に預金の掲示金利を引き下げました。業界関係者は、この株式報社の記者に対し、６大手銀行と招商銀行が預金の掲示金利を引き下げたことは、政策方針と自社の利差の安定ニーズに合致し、今後各種銀行が全面的に追随すると予想しています。

中国光大銀行金融市場部のマクロ経済研究員、周茂華氏は、株式報社のインタビューにおいて、６大手銀行が預金の掲示金利を引き下げたことは、新たな銀行預金金利引き下げの幕開けを示し、その後中小銀行も段階的に追随する見込みと述べました。主に現在、預金市場には構造的な不均衡が存在し、銀行全般が純利差圧力と市場金利の中枢下落に直面しています。

「銀行が預金金利を適正に調整することは、銀行全体の負債コストと純利差圧力を緩和し、銀行の利益力と安定した経営能力を高めるのに役立ちます。マクロ経済が着実に回復する状況下、銀行の経営の質を向上し、効率を高めることで、市場は銀行の発展に期待しています。」と周茂華氏は付け加えました。

「現在の銀行による新たな預金金利引き下げは、利差の安定に寄与し、それにより商業銀行の安定な経営を確保し、実体経済への融資支援を持続的に強化する重要な意義を持っています。」と東方金誠の首席マクロ経済アナリスト、王青氏は判断しています。今回の銀行預金金利の引き下げは、基本的に各種ローン金利の引き下げが純利差に与える影響をほぼ相殺できます。

中泰証券のアナリスト、肖雨氏は、コスト削減の背景で、政策金利やローン基準金利が継続的に引き下げられる中、預金金利の引き下げは銀行の「合理的な利益」を確保するための余地を残しています。この度の預金の掲示金利の引き下げにより、上場銀行の有利息負債構造を踏まえて、金利収入の債務金利が10-20bp減少すると見積もられます。その中でも定期預金比率が高い銀行は引き下げ幅が大きくなります。今回の預金ローン金利引き下げ後、多くの上場銀行の純利差は引き締まるでしょうが、その縮小幅はそれほど大きくはありません。