Because the central bank liberalizes interest rate control, it means that financial institutions, especially the banking industry, have the right to set their own prices, and the space for negotiating pricing with customers will be further expanded. On the bright side, it is beneficial to adopt differentiated pricing strategy, and banks seem to get more "income" from it, but insiders point out that this move may not have any substantial impact on banks. It is reported that the benchmark one-year loan interest rate is 6%, and the one-year deposit interest rate is 3%. The difference between the loan interest rate of 4.2% after 30% discount and the deposit interest rate of 3.3% floating to the top is only 0.9 percentage points. A 30% discount on loan interest rate is difficult to cover bank costs. Therefore, although the loan interest rate can be lowered by 30% last year, banks rarely use this space, and the downward rate does not exceed 10%. It can be seen that banks have priced loans in accordance with the principle of marketization.
At the same time, for those small and medium-sized banks that have been counting on the spread to eat, the future may be even more sad. In order to compete with big banks and grab high-quality customers, small and medium-sized banks, which are inherently lacking in advantages, must share a piece of the pie by "fighting for low prices". Under the condition that the deposit interest rate remains unchanged, the spread will continue to shrink. People in the banking industry predict that the spread level of the banking industry will further narrow this year, and it may enter the "second era" in an all-round way, which is definitely not good news for small and medium-sized commercial banks whose main income source is spread income.
Many experts in the industry also expressed their concern about the possible "customer grabbing war" in the future, for fear of causing vicious competition. But as the saying goes, when the snipe and the clam compete, the fisherman gains. If there is competition in the banking industry, the biggest beneficiary will undoubtedly be enterprises. But even if they are all customers, SMEs and large enterprises will encounter very different situations. Large enterprises with strong bargaining power are bound to become a hot potato for major banks to compete for, thus obtaining lower loan interest rates. For small and medium-sized enterprises, life may not change much, and the loan interest rate is more likely to rise instead of falling. Many small and medium-sized business owners said that the bargaining power of small enterprises in front of banks is too weak, and they can hardly get loans at preferential interest rates, and generally lend money above the benchmark interest rate.
However, some experts have seen a glimmer of light for SMEs in a haze. First of all, the central bank also loosened the loan interest rate of rural credit cooperatives and no longer set a ceiling. The abolition of the loan interest rate control of rural credit cooperatives means that the clear license will break through the four-fold limit, which is conducive to covering the risks of small and micro, three rural loans and improving financial support. At the same time, due to the weak bargaining power of some small and medium-sized banks, they can't compete with big banks and turn the market to loans for small and medium-sized enterprises. Small and medium-sized enterprises and small and medium-sized banks "twinning" may achieve a win-win situation.
In the policy of canceling the lower limit control of loan interest rate, personal mortgage is given special treatment that will not be adjusted for the time being, and the lower limit of 30% is still retained. The relevant person in charge of the central bank said that the cancellation of the lower limit of personal mortgage interest rate is not to curb speculative investment demand and promote the stable and healthy development of the real estate market. However, some insiders clearly pointed out that even if the lower limit of personal mortgage is cancelled this time, it is impossible for banks to lower the current mortgage interest rate. Indeed, compared with those small and medium-sized enterprises, the bargaining power of ordinary people in front of banks is obviously weak, and more banks are expected to pay attention to the needs of personal loan customers.