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Interest rate spread upward momentum is no longer! Lanzhou Bank's third quarter report: middle business continues to drag down revenue performance. The non-performing loan ratio increased by 0.1 percentage points compared to the beginning of the year.
①Lanzhou Bank achieved operating income of 6.053 billion yuan in the first three quarters, a year-on-year decrease of 3.02%; attributable net income of 1.495 billion yuan, a year-on-year increase of 0.95%. ②Meanwhile, Lanzhou Bank's net interest margin, which had been rising against the trend in the first half of this year, further declined to 1.49%.
Bank of Lanzhou: Report for the third quarter of 2024
A-share listed banks' semi-annual report: 41 banks continue to explore interest rate spreads, 12 banks experience negative growth in net income. The window for another round of interest rate cuts for existing housing loans has opened, posing a potential c
① In the first half of the year, the net interest margin of 41 banks collectively declined, with 9 banks experiencing a decrease of 2% or more in their interest margin compared to the same period last year; there were as many as 12 banks with a negative growth in net income attributable to the parent, an increase of 7 compared to the same period last year. ② Experts believe that the continued narrowing of the net interest margin has put certain pressure on the profitability of banks, and the possible reduction of interest rates for existing housing loans in the near future will further challenge the interest margin of banks and increase operating pressure.
Bank of Lanzhou's H1 Profit Slides 2%, Operating Income Down 4%
Bank of Lanzhou: 2024 Semi-Annual Report Summary
Bank of Lanzhou: 2024 Semi-Annual Report
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