By the end of June, the net interest margin of China Bank was 65,438+0.88%, up by 4 basis points year-on-year. In this regard, Zhang Qingsong, deputy governor of China Bank, believes that there are three reasons for the improvement of the net interest margin of China Bank: First, thanks to the interest rate hike by the Federal Reserve, the return on overseas assets of China Bank has continued to rise, which has promoted the increase of the net interest margin of overseas institutions of China Bank. Second, Bank of China actively optimized its asset-liability structure, and the proportion of domestic medium-and long-term RMB loans increased by 1.3 percentage points year-on-year. The average balance of domestic RMB demand deposits increased by 1. 1 percentage point year-on-year. Third, the People's Bank of China lowered the deposit reserve ratio, and the average balance of domestic RMB deposits with the central bank in interest-bearing assets decreased by 1.4 percentage points year-on-year.

"Looking forward to the whole year of 20 18, the net interest margin of Chinese banks still faces some favorable factors. First, the Federal Reserve will continue to raise interest rates, and it is expected that the foreign currency spreads of Chinese banks will maintain an upward trend. Second, in the current strong regulatory environment, for large banks with good deposit base, stable customer base and relatively sufficient project reserves, the market competitiveness will gradually increase, which will help improve the level of net interest margin. " Zhang Qingsong said.

The performance announcement also shows that BOC has launched a series of products such as "BOC e-loan" and various inclusive finance services such as cross-border matchmaking. In the first half of the year, the loans of small and micro enterprises of China Bank in inclusive finance increased by over 65,438+00% year-on-year.