中信建投: Faiz indirimi planlandığı gibi gerçekleşti, politikanın etkisini bekliyoruz.

Jinshi data news on October 22nd, CITIC Construction Investment research report believes that the interest rate reduction landed as scheduled, the reduction range is at the expected “top grid”, and the stable economic policy continues to be strengthened. According to calculations, this interest rate cut will have an impact of 7bps on the net interest spread of listed banks in 2025. Taking into account a series of interest rate adjustments at both ends of the asset and liability sides recently, the total impact on bank’s net interest spread in 2025 is about 10bps. However, considering the cumulative release of positive information from historical deposit interest rate cuts, the impact on the interest spread in 2025 is about 4bps. The overall impact on the net interest spread of banks is controllable. Under the pressure of interest spread, the fundamentals of banks will continue to stabilize in 2025, and it is expected that the economic recovery can be accelerated after the policy shifts, promoting the valuation repair of bank regions.