羅兵咸永道:內銀淨息差短期仍受壓
羅兵咸永道發表報告指,去年40間上市內銀的整體淨利潤按年增長6.96%,受利息收入增速放緩影響,增速按年明顯回落。撥備前利潤按年下降1.57%,信用減值損失計提總額按年下降11.15%,下降幅度按年增加7.57%。
報告指,內銀貸款不良率持續下降,而且疫情對經濟的負面影響將逐漸消退,同時理財回表的減值計提壓力在2021年底之前基本釋放,因此銀行減值計提壓力有所減輕,信用減值損失按年下降。
羅兵咸永道香港金融服務合夥人姚家仁表示,去年上市內銀淨利潤增速回落,盈利能力保持平穩。LPR下行帶來貸款重定價壓力,上市銀行回應國家號召支援實體經濟,降低融資成本,生息資產收益率持續下降,受存款競爭影響,存款成本保持剛性,疊加客戶風險偏好下降,定期存款上升,付息負債成本率上升。貸款收益率有所下降,而一些銀行的存款利率開始下降,另一些銀行則保持穩定,使上市銀行的淨利差、淨息差進一步收窄。
姚家仁稱,現時內銀仍處銀行金融體系支持實體經濟階段,見不到貸款利率有下跌空間。雖然部分內銀下調存款利率,但幅度緩慢,導致淨息差仍有壓力,相信未來一年會持續該趨勢,銀行短期淨息差仍會受壓。
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