“ chinese banks make most of their money through their net interest margin , ” said , of china economic quarterly in beijing 來自北京《中國經(jīng)濟季刊》的arthurkroeber說, “中國的銀行利潤主要來自凈利率差。 ”
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The overall net interest margin for 2000 widened , largely owing to relatively low funding costs , which helped to offset the contraction in lending margins 2000年的整體凈息差擴闊,主要是因為資金成本相對偏低,有助抵銷貸款息差收窄。
So far , the effect of this on the overall net interest margin has been mitigated by the fact that ample liquidity has kept funding costs low 到目前為止,由于銀行體系資金充裕令資金成本維持在低水平,所以貸款息差收窄對整體凈息差的影響得到紓緩。
But having to rely on a wide net interest margin is an indication of either high operating costs or inefficient intermediation of funds , or both 然而,如果銀行要倚賴高水平的凈息差來圖利,不是因為營運成本過高,便是因為資金融通欠效率,甚至是兩種情況同時存在。
This is notwithstanding a continued compression in the net interest margin resulting from competition , which was partly offset by a continued increase in non - interest income 盡管市場競爭令銀行凈息差持續(xù)受壓,但由于非利息收入持續(xù)增加,抵銷了這方面的部分影響,從而使銀行取得佳績。
Competition for banking assets , in particular mortgages , has been so severe in the past couple of years that there is not much room left for the net interest margin to be further compressed 這也屬意料中事。過去幾年銀行爭取按揭貸款等資產(chǎn)的激烈競爭,已經(jīng)大大減低凈息差進一步收窄的空間。
Certainly , the net interest margin has been coming down under the pressure of competition and the efficiency of the banking system in financial intermediation has been on the rise , to the benefit of the economy 面對競爭壓力,凈息差一直收窄,銀行體系的金融中介效率亦一直提高,這些無疑都對整體經(jīng)濟有利。
The remuneration takes the form of the net interest margin , that is , at the risk of over simplifying it , the net difference between the deposit interest rates and the lending interest rates 作為中間人的銀行既要承受風險,便理所當然收取凈息差作為報酬,而簡單來說,凈息差就是存款利率與貸款利率之間的差距。
Net interest margin (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their (interest-earning) assets. It is similar to the gross margin of non-financial companies.