Part of the bank deposit interest rate

Differentiation of competition is beginning to bank twice a day a bit adjustment

The people's bank of China announced expanded deposit interest rate rise space to 1.1 times the benchmark interest rate, the large Chinese commercial Banks that shanghai house did not quiet yesterday.

The people's bank of China (central bank) 7 days late issued announcement, cut announced financial institutions one-year deposit rate and benchmark lending rate 0.25% each, and first allowed deposit interest rate rise interval expanded to 1.1 times, a loan from the floating interval 0.9 times and 0.8 times extension, its effect in yesterday will have to have reflected.

First is the industrial and commercial bank of China, agricultural bank of China, bank of China, China construction bank and construction bank five state-owned bank to rise 1 year (with 1 year) within the deposit rate, followed by several the joint-stock Banks and foreign done immediately to follow up, the most effective should belong to some city businesses, with enough 1.1 times of the floating space, the one-year deposit rate rise to 3.575%, and of great and other line "melee" deposit of power. Zhejiang tyrone commercial bank is in website directly hit "I can deposit interest rate a floating ceiling" advertising at deposit, quite have the marketization of the gas.

Analysts said the Banks deposit interest rates began to differentiation, and generally not according to the maximum 10% to execute. As for savers, bank deposit competition around, can have more choices. And for for Banks, although the past loans have somewhat expanded space, but in the current economic recession, loan interest is hard to clear cut. So, despite the deposit rate to rise, makes commercial bank interest spread to become narrower, but the pressure in the short term is not revealed.

Another, according to people familiar with the central bank 7 evening meanwhile to the bank's internal release a document, require Banks to raise differential operation level.

File points out, "the financial institutions should adapt to the range of floating interest rate adjustment, strengthen financial hard constraints and the interest rate risk management, perfect pricing mechanism construction, improve the service level, with good differentiation floating pricing for customers to access, propaganda interpretation work, respect the independent consumer choice, reasonably determine the interest rate, and maintain the good competition order. Deposit, must pay special attention to plan as a whole assets and liabilities management strategy, strengthen the active liability management, strengthen the cost constraints; loans, to science, safety risk assessment loan processing contract relationship. To enact and perfect implementation of the measures for the implementation of the interest rate policy, to ensure the effective implementation of the internal management measures. The relevant system in the people's bank to report the record."

Five major state-owned Banks

To rise deposit rates

Yesterday morning, each big bank announced the new funds are a bit. Five big line "unexpectedly" and will deposit interest rate by the central bank is the benchmark interest rates rise, and each big line after the adjustment interest rates are consistent. By contrast, the joint-stock Banks in the morning disclosure is a bit by the central bank and the benchmark interest rate consistent, ningbo bank, tyrone bank is directly will deposit interest rate rise to 1.1 times.

But the first of concern is still five line. In icbc, for example, a current deposit interest rate rise 10% to 0.44% benchmark interest rate, is still less than 0.5% of the interest rate cut interest rates before; 3 months period from 2.85% rise from 3.1% to, the 6-month deposit withdrawal is fixed deposit rates rise to 3.3% benchmark interest rate 3.05%, the one-year deposit rate lump-sum withdrawal is 3.25% of the benchmark rate rise to 3.5%, and the central bank cut interest rates are announced before the interest rates to remain consistent. For two years, three one-year deposit rate, five-year and central bank's latest benchmark interest rates is consistent, the cut respectively 0.30, 0.35 and 0.40%. In addition, the loan interest rate cut icbc are 25 basis points, and the central bank announced the benchmark interest rate consistent.

"The five big done action is more uniform, should be negotiated the results." Peace fixed income securities of vise general manager shi lei said. Shi lei points out, although the five line to rise interest rates, but the bank deposit will not be cost of capital increase, interest rates on one-year and floating in the variety, the absolute amplitude gentler did not arrive at cap on bank capital costs limited. And more than one year varieties according to the benchmark interest rate only carry out, not rise.

Cicc report yesterday that, from the bank deposit structure to see, in general current deposit account for 40%, and deposit is to 1 year or the three months to the 6-month deposit is in the majority, 2 years less long term deposits. In view of current deposit interest rate reduce small and fixed deposit rates flat, bank deposit average cost of funds won't happen obvious change. According to five done practices, the actual cost savings funds relative to a small drop even before the adjustment.

"A larger sense may be to reflect on the support of the liberalization of interest rate, big line should lead the way." Industry insiders point.

Part of the bank a day two change a bit

With five big done to action, home to more than the joint-stock Banks and foreign bank is obviously some unexpected.

A joint-stock bank staff yesterday morning news related to see that very surprised.

"We just according to the central bank's benchmark rate by one-half the one-year deposit rate by 25 basis points, have never thought big 'guild through the prices of keep deposit interest rates unchanged means. If we don't follow up in time, perhaps soon face' deposits of the situation." moving" The officer said, "inline everyone comment in succession, past day may be running out."

Therefore, share-holding system more Banks and foreign bank quickly follow up five line moves. To yesterday afternoon, Shanghai pudong development bank, hua xia bank, minsheng bank, Shanghai bank, shenzhen development bank and zheshang joint-stock Banks, and bank of east Asia and HSBC and the bank quickly changed a bit, to come down interest rates rise and go back to their original interest rates even higher.

For example, Shanghai pudong development bank yesterday in the benchmark interest rate according to the central bank released after deposit a bit, then quickly afternoon adjustment, raised current deposit, the one-year deposit rate, and five done interest rate consistent, from June 9, running.

Action more such as wide hair negotiable bank, the bank directly on the web site last night announced, from June 9 up within 1 year of the deposit interest rate rises all 1.1 times. But it is worth noting, China merchants bank to entry that morning, haven't announced rise deposit rates.

Bank of east Asia also released a June 9 began to carry out a bit of, of which the one-year interest rates for the benchmark interest rate 1.1 times, of 3.575%.

Bank of east Asia standing deputy governor SunMinJie told the morning paper reporter, no doubt, the bank to attract deposits, but it is not the cause of the reservoir based on high embrace.

SunMinJie said, and profitability mainly comes from the two pieces of: one is the size of the loan and the total assets of the scale expansion, 2 it is to carry. The economic environment is good, can increase the interest income. Although many Banks will 1.1 times the deposit interest rate rise cap with enough, but and financial product yields of 4% and 5%, compared to the attraction of the deposit or inadequate. Although current deposit is very important, but the bank deposit aspects in more willing to strength, because deposit can reflects customers' active choice.

City businesses send force certain trendency

Relative to the joint-stock Banks, including the city of small and medium-sized businesses, the bank is ready.

Shanghai agriculture firm a site staff revealed: "we got this morning deposit interest rate adjustment documents. The papers said, after adjustment in clear, the interest rates on deposits now advantage is bigger, to increase the marketing efforts." Visible, Shanghai agriculture business yesterday has rise the one-year deposit rate to 1.1 times the benchmark interest rate, from 3.575% to.

Another city business persons are also mentioned, yesterday morning many Banks in the meeting, mainly discuss the formulation of loan rate. Considering the current loan interest rates only a few execute floating rate cuts to the actual cost of financing a limited role. But deposit interest rates rise, especially small and medium-sized Banks very motivated, decision making, flexible city businesses will go ahead.

Ningbo bank also announced that it will take the lead in deposit rates rise to 1.1 times as one of the bank, will march, June, the one-year deposit rate hikes, to 3.135%, 3.355%, and 3.575%. Central Banks cut interest rates higher than before the deposit rates, after a cut of 2.85%, 3.05%, 3.25% overall risen 10%.

"We previously also worry that if only we reach the summit, floating guild that there are so many who follow up, and more than one year of deposit interest rates also rise all......." The bank a staff said.

Visible, Qingdao bank, tyrone Banks including bank of nanjing released final deposit rates are all is on the increase. Such as tyrone bank deposit rates lift two years to 4.51%, 3 10-year to 5.115%, above 5 years mention from 5.61% to.

Differentiation has begun to show

Contrast the Banks deposit a bit, can also be found to their difference has set up a file in the show.

Such as nanjing bank to lift interest rates set threshold, 10000 yuan of the following the one-year deposit rate is 3.25%, and 10000 yuan (including) the deposit rate is 3.575%, the central bank to the provisions of the upper limit. And nanjing bank 10000 yuan (including) the five-year deposit interest rate reached 5.61%, 0.51% higher than the five line. Special is, nanjing to current deposit interest rate of the bank is still alike, are 0.4% did not rise.

Instead, Beijing bank, will only current deposit interest rate increased to 0.44%, and regular instead moved. Analytic personage points out, this and the bank is directly related to the characteristics. Because Beijing bank mostly for the scholars from renmin deposit, may want to attract more some current deposit.

Special and hankou bank, the bank only to the one-year deposit for two years and rise to 1.1 times the benchmark interest rate.

Although the bank yesterday lively abnormal, but many bankers say the reaction of customers and not very obvious. "Still, no people come and puts forward to want to transfer housing in shanghai deposits." A bank clerk said, "but, after reports in the media that prices of bank interest rates should be more lively."