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<Research>CICC's Estimated Impact of Interest Rate Cut for Existing Mortgages on CN Banks' NP (Table)
Recommend
44
Positive
38
Negative
50
CICC estimated in a report that assuming a 60 bps cut in interest rates for existing mortgages in China, the impact on the net profit forecasts of Mainland banks this year is as follows:

Stocks│Impact
ICBC (01398.HK)│7.7%
CCB (00939.HK)│8.6%
ABC (01288.HK)│8.7%
BANK OF CHINA (03988.HK)│9.1%
BANKCOMM (03328.HK)│6.9%
PSBC (01658.HK)│12%
CM BANK (03968.HK)│4.1%
MINSHENG BANK (01988.HK)│6.5%
CEB BANK (06818.HK)│5.8%

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