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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.
China Everbright Bank Prepares for Board Meeting
CEB Bank (06818.HK) plans to hold a board of directors meeting on August 30 to approve its interim performance.
CEB Bank (06818.HK) announced on August 20th that the company will hold a board of directors meeting on Friday, August 30, 2024 to review and (if deemed appropriate) approve the mid-term performance of the company and other matters for the six months ending June 30, 2024.
CEB Bank (06818): Chen Shaodong takes over from Li Lewen as the reviewer of project quality control.
CEB Bank (06818) announced that the ninth board of directors meeting will be held on February 6th, 2024...
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