Industry insiders: the loan market quotation rate and bank deposit interest rate in 2023 H2 are expected to be lowered, the narrowing of the net interest margin of the banking industry may slow down

As of 16, there are 7 A-share listed banks released the performance of the first half of 2023, of which the Bank of Jiangsu, the Bank of Hangzhou, the Bank of Chengdu, the Bank of Changshu and many other small and medium-sized banks performed well with the net profit growth of more than 20%. However, there are also banks whose net profit was down more than 20%. Industry insiders said that performance fluctuations are related to factors such as asset re-pricing, downward market interest rates, and capital market fluctuations. After the People’s Bank of China cut interest rates on August 15, the loan market quotation rate (LPR) and bank deposit interest rate are expected to be lowered, and the narrowing of the net interest margin of the banking industry may slow down.