Net interest margin stabilized in the first quarter

Net interest margin stabilized in the first quarter

BoCom’s revenue declined the most, and it was downgraded in ten years.

59%; two of the joint-stock banks ‘negative revenue growth; 12 city commercial banks’ revenues are all increasing recently, quarterly reports of 25 A-share listed banks have been completed.

As the net interest margin improved, sustainable bank revenues turned from negative to positive.

Reporter statistics found that in the first quarter of the 25 listed banks, 4 banks had revenue growth, of which the five major banks had negative growth, and Bank of Communications revenue had the largest decline, each time falling by 10.

59%.

  With the 2017 annual report indicators, the number of banks with negative revenue growth decreased by 4. The number of banks with negative revenue growth decreased by 2 in joint-stock banks. The revenue of city commercial banks was converted from 3 negative growth to positive growth, and 1 of the five major banks was added.Negative revenue growth.

  According to the calculation of the Bank of Communications Financial Research Center, the operating income of listed banks continued to recover moderately in the first quarter of 2018, and the operating income of 25 A-share listed banks increased 2.

8%, an increase of 0 earlier than the 2017 annual report.

06%.

  ”In the second quarter, with the strong demand for credit and unchanged monetary policy tone, the trend of rising loan volume and price will continue, which will promote the recovery of the industry’s overall net interest margin, and the improvement of the banking industry’s operating income will be further strengthened.

“The estimates indicate in advance that the interest rate differential between conventional large banks and joint-stock banks and city commercial banks is obvious. The marketization of interest rates will force banks to accelerate the transformation of business models and business strategies.

  The conventional big bank, the Bank of China, and the Bank of Communications had negative revenue growth. The Bank achieved operating income of 1,260.

1.5 billion, down 2 every year.

54%; Bank of Communications’ operating income for the first quarter was 490.

9.9 billion, a decline of 10 per year.

59% In the first quarter, the additional revenue of the five major banks increased negatively, and the operating revenue of Bank of Communications and Bank of China decreased by 10.

59%, 2.

54%.

  Specifically, BOC ‘s revenue expansion in the first quarter expanded from 2017.

In 2017, the Bank achieved operating income of 4,832.

7.8 billion, a decline of 0 every year.

07%, the only bank among the five major banks with negative operating income.

The decrease in revenue was mainly affected by the base benefit impact of the one-time investment income from the disposal of Nanyang Commercial Bank in 2016.

In the first quarter of this year, BOC achieved operating income of 1,260.

1.5 billion, down 2 every year.

54%, mainly due to the decline in non-interest income.

  Coincidentally, the non-interest income of the four major banks increased negatively in 2017 and the first quarter of this year.

Among them, BOC’s non-index income in 2017 was 1,448.

8.9 billion, down 18 every year.

41%.

In the first quarter, BOC’s non-interest income was 399.

6.4 billion, down 21 a year.

16%.

Non-formal income accounted for 31 of operating income.

71% downgraded by 7 per year.

49%.

Unlike the four major banks, the non-interest income of the Bank of Communications increased significantly in 2017, and the net fee and commission income increased by 10 in ten years.

21%, mainly contributed by bank card and management business.  However, Bank of Communications fee income declined in the first quarter, and the year-on-year growth rate declined8.

6 excellent to -3.

86%, plus net interest income drops by 2 each year.

4%, ultimately leading to Bank of Communications’s first quarter operating income of 490.

9.9 billion, a decline of 10 per year.

59%, Bank of Communications Group net interest rate of return 1.

40%, a decrease of 11 BP in the past and a decrease of 18 BP from the previous month.

  ”Under the influence of regulations, a large number of banks’ intermediate business revenues have declined.

Wen Bin, chief analyst of Minsheng Bank, believes that with the implementation of the new rules on asset management, after the bank develops asset management products that meet market needs, the corresponding revenue will increase.

  The Bank of Communications Research Center stated that the non-interest income of the five major banks in the first quarter decreased by 13 each year.

3%, other non-interest income decreased by 28.

1%, mainly because the five major banks in the same period last year in the insurance, investment bank revenue growth faster than the high base, and this year’s new asset management regulations and the impact of the new insurance policy, the big bank non-interest income growth gap.

According to the calculation of the research center, the revenue of the five major banks increased by 2 in the first quarter.

7%.

Among them, the strengthening of the debt end advantage and the improvement of loan pricing levels led to an average increase in net interest margin of 19BP. Gradually, assets increased.

At 2%, net interest income growth became a major contributor to its profit growth.

  The number of negative growth in joint-stock banks’ revenue decreased by half in the first quarter from the beginning of the year. The negative growth in the revenue of joint-stock banks in China Development Bank and Huaxia Bank decreased by 7 respectively.

72%, 2.

61%.

  In the first quarter, there was still negative growth in additional revenue among the eight joint-stock banks.

  Among them, Pudong Development Bank’s first quarter operating income was 396.

2.9 billion, down 7 every year.

72%; of which, the initial net income decreased by more than 2.

4 billion, down 0.

91%.

Non-█ net net income decreased by 30.
西安耍耍网

7.6 billion, down 18.

73%, net income from litigation fees and commissions was 105.

8 billion, down 13 each year.

twenty one%.

Huaxia Bank’s revenue was 159.

0.5 billion, down 2 every year.

61%.

Among them, █ net income is reduced by 5 each year.

$ 8.2 billion, and program fees and commission income increase by 4 per year.

3.8 billion yuan.

  In the 2017 annual report, half of the revenues increased negatively. The four banks of Industrial Bank, Minsheng Bank, Everbright Bank and Ping An Bank decreased their revenue by 10 in 2017.

89%, 7.

01%, 2.

33%, 1.79%.

By the first quarter of this year, the revenue growth of the four banks had turned negative.

  Last year’s decline in revenue was mainly affected by net interest income. The net interest income of Industrial Bank, Minsheng Bank, China Everbright Bank, and Ping An Bank decreased by 21 respectively.

25%, 8.

59%, 6.

64%, 3.

14%.

  ”Small and medium banks’ bankruptcy favors assets with higher yields on the interest-earning assets side, and at the same time, such assets are also high-risk.

Last year, due to regulatory reasons, the interest rate on the debt side was relatively high, and interest-generating assets did not have high asset investment, which led to a narrowing of the interest margin of some joint-stock banks.

“Wu Wen, senior researcher at Bank of Communications Financial Research Center, said.

  Wen Bin believes that there are two reasons for the negative growth in bank revenue in 2017. One is that the overall cost of bank funds increased rapidly in 2017, but the pricing restructuring of the asset side kept pace with the pressure on interest income; the second was regulation.Under the bank’s wealth management business, inter-bank business contracted, intermediary business revenue fell or dropped significantly.

  With the interest rate spread stabilizing and rising, the growth rate of consolidated bank revenue in the first quarter turned negative.

Why did the net interest margin rise in the first quarter?

In Wen Bin’s view, the steady rise of the net interest margin in the first quarter was related to higher asset pricing and a decline in the cost of bank liabilities.

From the perspective of asset pricing, since the first quarter, market interest rates have risen and asset yields have increased; restructuring has lowered the cost of bank liabilities, which has helped the banking sector to reduce the cost of funds.

One manifestation of higher asset pricing is that banks raised interest rates on mortgages in the first quarter.

  City commercial banks ‘three city commercial banks’ revenues changed from negative to positive, Bank of Nanjing, Bank of Shanghai, Zhangjiagang’s bank revenues changed from negative to positive, and Bank of Hangzhou increased to 28.

41% growth led the way.

  In 2017, among the 12 city commercial banks, Bank of Nanjing, Bank of Shanghai and Zhangjiagang Rural Commercial Bank saw negative growth in revenue.

However, in the first quarter, the revenues of the three banks all turned from negative to positive, and the revenues of the 12 city commercial banks all increased. Among them, Hangzhou Bank increased by 28.

41% growth led the way.

  Among them, affected by widening interest spreads, Bank of Nanjing and Bank of Shanghai increased their revenue several times in the first quarter4.

53%, 11.

9%.

  Sovereignty, Bank of Nanjing’s operating income growth rate fluctuates.

The bank’s 2014-2017 annual report shows that operating income growth rates were 52.

62%, 42.

77%, 16.

60%, -6.

68%.

  Affected by the narrowing of interest margins and the decline in intermediate income, how much the Bank of Nanjing’s net interest income decreased.

37%, net fee income is down by 19 per year.

46%.

  Affected by the interest margin, Bank of Shanghai’s revenue in 2017 was 331.

2.5 billion, downgraded by 3 every year.

72%.

Among them, net interest income was 191.

1.7 billion, down 26 each year.

47%.

In its annual report, it explained that in the first half of the year, it was affected by factors such as contraction in the size of its interbank business, rising market interest rates, and increased business reforms; in the second half of the year, its scale increased and its structure was optimized, and its operating income trend was better, an increase of 23 from the previous quarter.3.8 billion to 177.

3.1 billion yuan, an increase of 15.

19%.

  In addition, Zhangjiagang Rural Commercial Bank’s operating income in 2017 was 24.

$ 14 trillion, an average of one each year.

06%.

Of these, █’s net income increased by 7 each year.

26%, the non-interest income of program fees and net commission income fell by 9 every year.

01%.

In the first quarter of this year, Zhangjiagang Rural Commercial Bank’s revenue was 6.

350,000 yuan, an increase of 5 a year.

20%.

  [Focus]What interest rate differential forces banks to quickly transform is that in 2017, the net interest margins of the four major banks rebounded collectively, and the net interest margins of the four banks were two.

22%, 2.

28%, 1.

84% and 2.

21%, up 6BP, 3BP, 1BP, 1BP, respectively.

  Including the four banks with negative revenue growth, the net interest margin of the eight joint-stock banks, and the net interest rate continued the downward trend, falling to the bottom of the past five years.

Among the city and rural commercial banks, Nanjing Bank, Shanghai Bank, Guiyang Bank, Hangzhou Bank, Changshu Rural Commercial Bank, Jiangyin Rural Commercial Bank and other banks also saw a decline in net interest margin.

  Why is there a clear differentiation in net interest margin?

  ”Regular large banks have higher general deposits such as resident deposits and corporate deposits, and the debt of the indicator is relatively high; while joint-stock banks have mainly relied on interbank liabilities to support the expansion of assets in the past few years due to historical, regional, and basic reasonsHowever, through the strengthening of supervisory agencies and the shrinking of the same industry, joint-stock banks are facing breakthrough pressure in absorbing deposits.

“Wen Bin said.

  In Wen Bin’s view, the marketization of interest rates will force banks to accelerate the transformation of business models and business strategies.

“Now many banks provide customers with unique financial products based on their strategic positioning.

For example, banks more absorb structured deposits, provide services to enterprises through the industrial chain and supply chain as the core, and provide supply chain financial services for the upstream and downstream of the industrial chain. As a result, more enterprises have spread into customer groups, and their structure has been deposited.Sex deposits came to banks.

“This edition is written by / Beijing News reporter Hou Runfang Intern Yang Ting