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The Profit Rate Will Be Reduced By 500 Million Yuan Per 0.5% Increase In The Quasi Gold Rate.

2011/1/24 18:36:00 73

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The differential reserve ratio of 0.5 points raised by the bank will affect the profit of nearly 500 million yuan, which is the result of the internal calculation of the Bank of China.

In the first two weeks, the Bank of China has already convened a joint meeting of credit ministers of the sub governors, demanding that local branches be brought back in the next two weeks.

In January 14th, the central bank raised the deposit reserve ratio of deposit financial institutions for the first time in 2011 by 0.5 percentage points.

The current big line

Deposit reserve

The gold rate is as high as 19%, and the deposit reserve ratio of small and medium-sized financial institutions is 15.5%.

Since the beginning of 2010, the central bank has begun to implement differential reserve ratio for some banks whose credit is rashly. At the end of 2010, the differential reserve ratio system has been normalized, and formulae have been worked out. Banks' capital adequacy ratio, liquidity status, leverage, provision, audit conclusion, credit rating, internal control level, and implementation of credit policies will all be taken as reference coefficients, and the factors such as counter cyclical capital and capital of systematical important institutions are also included.

The general practice of large banks is that if the head office is asked to raise the differential reserve ratio because of excessive credit, the freezing amount will be deducted in excess of the branch quota.

"Relative command size control, differential reserve ratio directly affects bank profits, and banks are still afraid."

A senior banking analyst said that although the formula for dynamically adjusting the reserve requirement ratio still has many arguments, it has already affected bank expectations.

Bank of China calculates January 14th

deposit

The reserve ratio will increase by 0.5 percentage points, which may lead to all listed banks need to deposit 237 billion 900 million yuan at the people's Bank of China.

If all banks were to allocate the funds from interbank loans, their interest income would drop by 5 billion 100 million yuan (assuming the interbank offered rate was 3.83%).

This will reduce the annual profit of banks by 3 billion 800 million yuan in 2011 and net profit by 0.6%.

"Although the calculation shows that the direct impact of this rise is limited, the cumulative indirect effect will continue to rise as the deposit reserve ratio continues to rise."

this

mechanism

It is believed that the central bank is still likely to continue to raise the deposit reserve ratio of the 2 -4 times, and that the deposit reserve ratio of large banks may rise to 20%-21%. Taking into account the application of differential deposit reserve ratio, the actual deposit reserve ratio of large banks may reach 23%-25%.

Once the deposit reserve ratio rises to the above level, on the one hand, the capital side of banks will gradually tighten up. The cost of capital for banks to compete for capital will continue to rise. On the other hand, the lending ability of banks will be significantly restricted.

In particular, banks with lower capital strength.

Analysts pointed out that the statutory reserve ratio is the main tool for regulating liquidity, and the open market operation plays a supplementary role, while the differential reserve ratio is mainly for credit regulation.

"If the credit growth does not decline significantly, the differential reserves will come soon."