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A new round of interest rate cuts for deposits is about to end its first month: small and medium-sized banks continue to follow suit, and some banks have made a second adjustment within the month. Is there still room for further cuts?
① In the context of market interest rate decline, banks are facing continuous pressure to narrow their net interest margin. Some banks have directly lowered deposit interest rates, while others have adjusted them in a phased manner. ② The phenomenon of inverted deposit interest rates is the result of the combined effects of macroeconomic conditions, bank operational strategies, policy guidance, and market expectations.
What is the reason for the year-on-year decrease in net profit of some private banks? The Financial Regulatory Bureau responded.
Liao Yuanyuan said that the net income growth rate of private banks has experienced negative growth. Mainly because these banks have significantly increased their provisions compared to the same period last year, which directly affects the current profits and leads to a temporary decline in net income of private banks.
Who is buying banks according to Xingye Securities?
The banking sector has performed well this year, as of August 19th, the Shenwan Bank Index has increased by 19.08%, ranking first among all 31 first-tier industries, with returns exceeding second place by 10%. Among them, the stock prices of the five major banks, including ICBC and China Construction Bank, have set new highs.
Huishang Bank (03698.HK) achieved a net income of approximately 8.986 billion yuan in the first half of the year, which is a 5.9% increase compared to the same period last year.
On August 20, Huishang Bank (03698.HK) announced that as of June 30, 2024, the group's total assets were about RMB 1.93 trillion, an increase of 6.75% from the beginning of the year; operating income was about RMB 20.692 billion, a YoY increase of 4.57%; net income was about RMB 8.986 billion, a YoY increase of 5.9%; the core tier 1 capital adequacy ratio was about 9.41%, an increase of 0.27 percentage points from the end of the previous year, and the capital adequacy ratio was about 13.37%, an increase of 0.16 percentage points from the end of the previous year; the non-performing loan ratio was about 1.14%.
Express News | Huishang Bank Sees Non-Performing Loan Ratio 1.14% for Six Months
Express News | Huishang Bank Sees Core Tier 1 Capital Adequacy Ratio 9.41% for Six Months
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