Not only do state -owned banks, but the deposit interest rate of shares has also reduced

Following April this year, personal deposit interest rates have once again been decreasing. On September 15th, according to multiple banks information, a variety of limited deposit interest rates including 3 months, 6 months, and one -year deposit were reduced by 10 basis points, and the 3 -year regular deposit interest rate was reduced compared to previously reduced compared with the previous decrease. 15 basis points.

Taking the Construction Bank as an example, the reporter inquired about the Bank's app and found that on September 15, the bank's 3 -month, 6 -month, 1 -year, 2 -year, and 5 -year regular deposit interest rate was 1.25%, 1.45%, and, respectively. 1.65%, 2.15%, and 2.65%, all decreased by 10 basis points from the previous before; 3 -year regular deposit interest rates were 2.60%, a decrease of 15 basis points.

In addition to the Construction Bank, the regular deposit interest rates of several varieties of Bank of China, Industrial and Commercial Bank of China, Bank of Communications and Agricultural Bank have adjusted the same scale.

In addition to state -owned banks, First Finance also noticed that the regular deposit interest rate of shares has also been reduced. The reporter found through the China Merchants Bank APP inquiry that the bank's 3 -month, 6 -month, one -year, 2 -year, and 5 -year term deposit interest rate was 1.25%, 1.45%, 1.65%, 2.15%, 2.65%, and the same State -owned banks are the same, and they all decrease 10 basis points from the previous decrease; the three -year regular deposit interest rate is 2.60%, a decrease of 15 basis points.

With the adjustment of the bank deposit interest rate mentioned above, it is expected that more banks will join the team in the future.

In fact, the industry's interest rate adjustment is not surprising.

In April this year, the central bank guided interest rate self -discipline mechanisms established a market -oriented adjustment mechanism for deposit interest rates. The central bank clearly states that the Bank of Self -Regulatory Mechanism Bank refers to the bond market interest rate represented by 10 -year Treasury yields and the loan market interest rate represented by the 1 -year LPR, and reasonably adjust the level of deposit interest rates. "The People's Bank of China has given appropriate incentives for the market -oriented market -oriented adjustment of deposit interest rates," said the central bank.

At that time, a number of state -owned banks and shares lowered the time deposit interest rates and large -deposit interest rates of some periods. Since April, LPR (loan market quotation interest rate) interest rate has been lowered twice. First, May 20, 2022, the one -year LPR remains unchanged, and the five -year LPR drops 15bp; then on August 20th The one -year LPR decreased 5bp, the five -year LPR dropped 15bp, and the interest rate of the ten -year Treasury bonds has declined sharply. Therefore, the market has been adjusted by the adjustment interest rate of regular bank deposits in this round of banks.

From the perspective of the debt, the reduction of deposit interest rates will help bank stability differences. In recent years, under the tone of financial support for physical policy, the banking industry has continued to make profits, the loan interest rate has continued to decline, and the interest difference between banks has narrowed significantly. According to statistics, the current interest margin of banks has fallen to a historical low. In the second quarter of this year, the net interest margin of commercial banks was 1.94%, a decrease of 0.03 percentage points from the previous month. It is due to several declines of policy interest rates since the beginning of the year and the impact of the real economy.

In this context, banks are facing large operating pressure. Ni Jun, chief analyst of Guangfa Securities Bank, said that at the current low level of loan interest rates, it is necessary to start with bank liabilities to reduce the burden on the bank to ensure that bank health has endogenous capital accumulation and the ability to serve the real economy for a long time. "Macro, banking operations are asset -driven liabilities, and loans create deposits. Therefore, micro -deposit competition will form a macro prisoner's dilemma. Excessive competition brings more price increases, and it cannot bring the total amount."

The consensus in the industry is that in the context of regulatory guidance and financial support for the real economy, interest rate reduction is the trend. Liu Guoqiang, deputy governor of the central bank, mentioned in January this year, "If the deposit interest rate is too high, the interest rate of loans will be difficult to fall, and it is difficult for corporate financing costs. The order of order, stabilize the cost of bank liabilities, and promote the steady and decreased cost of enterprises, especially small and micro enterprises, and small and micro enterprises. "

Liu Guoqiang also emphasized that the competitive order in the stable deposit market is important, because if the deposit competition is disorderly, the interest rate of deposits will be particularly high. The poor banks and banks with poor operations cannot be pulled by deposits. It will be led by poor banks, so the order of deposits is important.

Source: First Finance

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