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CM BANK Owns NIM Advantage, Confident in Achieving Highest ROE Among Benchmark Banks, Says Chair
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Miao Jianmin, chairman of CM BANK (03968.HK), noted at the results press conference that the current macro environment poses challenges like external uncertainties to banking operations. However, market expectations have significantly improved since the Chinese government introduced a series of incremental policies on September 26, 2024, which, coupled with the stabilizing real estate and stock markets as well as a positive recovery in the economy, he believes will effectively address the uncertainties brought by external factors. Miao also noted that the biggest challenge facing Chinese banks is insufficient domestic demand, particularly the downside pressure on interest rates caused by an aging population and declining birth rates. Although low interest rates and low fees will impact banks' profitability, Miao pointed out that CM BANK's advantages remain evident in the industry with a smaller narrowing of the NIM compared to its peers, and the bank is confident that the return on equity (ROE) will reach the highest among benchmark banks in the future. AAStocks Financial News |
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