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Exclusive | After 2.58% comes 2.49%! Some Banks' consumer loan interest rates have reached new lows, breaking through the significant thresholds of "2.6" and "2.5".
① After applying limited-time coupons, some banks like the Bank Of Beijing and Bank Of Ningbo have lowered the interest rates on consumer loans to an annualized 2.5%, with the minimum rate being 2.49%. ② Recently, there has been a clear downward trend in personal consumer loan interest rates. Since the beginning of the year, the interest rates for personal consumer loans at major commercial banks have successively fallen below the thresholds of "2.6" and "2.5." ③ While widening income sources, industry insiders remind to pay attention to the balance between innovation and compliance.
Shanghai Pudong Development Bank (600000.SH): The Shanghai State-owned Assets Operation Company has cumulatively increased its shareholding by 0.32%.
Gelonghui, March 4 - Shanghai Pudong Development Bank (600000.SH) announced that from December 19, 2024, to March 4, 2025, Shanghai State-owned Assets Operation Co., Ltd. increased its shareholding in the company by 93,999,979 ordinary shares through centralized competitive bidding on the Shanghai Securities Exchange system, accounting for 0.32% of the total equity. The number of shares increased has reached the upper limit of the shareholding plan, and the implementation of this shareholding plan has been completed.
Inspur Electronic Information Industry Raises 1 Billion Yuan From Bond Issue
Research Reports Gold Digging丨HAITONG SEC: Maintain Shanghai Pudong Development Bank "Outperforming the Market" rating, Target Price 10.87-12.75 yuan.
The HAITONG SEC Research Reports indicate that Shanghai Pudong Development Bank (600000.SH) will see a 1.55% year-on-year decline in revenue for the entire year of 2024, while net income attributable to shareholders is expected to grow by 23.31% year-on-year; in the fourth quarter of 2024, net income attributable to shareholders is projected to increase by 15.12% year-on-year, maintaining double-digit growth for four consecutive quarters. The scale of assets and liabilities has stabilized, and asset quality has improved. Based on the PB-ROE model, the company is given a projected PB valuation of 0.60 times for 2024E (compared to 0.57 times for comparable companies), corresponding to a fair value of 12.75 yuan. Therefore, a reasonable value range of 10.87-12.75 yuan is provided.
Research Reports Gold Digger丨China Securities Co.,Ltd.: Maintains 'Buy' rating for Shanghai Pudong Development Bank, with growth continuing to lead the industry.
The research report from CSC indicates that in the fourth quarter, thanks to the further decline in bond rates, other non-interest income strongly supported the narrowing of Shanghai Pudong Development Bank's (600000.SH) revenue decline quarter-on-quarter. The trend of "bottoming out and rebounding" in net income attributable to the parent company continues, and the growth rate remains a leader in the industry. Looking ahead to 2025, investments will continue to focus on five new tracks. Although there is still downward pressure on asset pricing, the cost of liabilities will continue to improve, supporting the interest margin. Coupled with the continuous reduction of existing risks and the steadily solidified provisioning base, its performance is expected to achieve steady growth, further strengthening the logic of reversing the predicament. Revenue growth rates are expected for 2025 and 2026.
SPD Bank: Announcement on the 2024 Annual Results Report of Shanghai Pudong Development Bank Co., Ltd.
