利率市场化对我国上市中小银行业绩影响研究

发布时间：2018-06-11 09:31

本文选题：利率市场化 + 上市中小银行　；参考：《新疆财经大学》2014年硕士论文

【摘要】：目前对于利率市场化的改革已到了存款利率上限这一最重要的根源。从我国银行业普遍的盈利模式来看，商业银行利润空间在一定时间区间内将会随着利率市场化改革的进度深入而呈反向变化，也就是利率市场化的程度越高，商业银行利润的空间将会越小。而为了攫取充分的利润，维持商业银行在本行业竞争中的相对优势，行业的内部竞争必然加剧，市场集中度一定时段内将较以往有更大的波动。同时，利率市场化一旦放开存款利率的上限，这将驱使商业银行的ROE向平均行业ROE回归。在这回归过程中，我国上市中小银行将承受巨大的改变经营策略的压力。改变对象将包括其在现阶段所体现的收入渠道过窄、较大的吸存压力等。同时，利率市场化又加大了我国上市中小银行在运营过程中的风险，关注利率风险，更审慎的选用经营策略，将可能产生更大的运营机会成本。股东持有上市中小银行股份的前提是持有股票能够获得正的风险溢价。当上市中小银行的运营风险加大时，股东会要求更大的风险溢价做为风险的补偿。这必然导致了我国上市中小银行在利率市场化后，将会更大的承受来自股东的业绩压力。打造全能型的银行不如打造专业化程度较高的、服务差异性更大的银行，通过提供适合于客户的金融支持来增加金融服务的差异性，以及增加金融服务的不可复制性。同时，上市中小银行为了抵消存贷利息差的降低对业绩的影响，可通过加大净资本的额度，包括与同处中小银行序列的其他银行展开全方位的合作或对其收购、兼并、重组；在本行的框架内，结合本行的实际情况，，平衡收益与风险的情况下最大限度的提升杠杆率接近银监会规定的杠杆率上限；增加非利息收入在整个收入结构中的比重是应对息差收入下降所导致的整体业绩下滑的必然选择。
[Abstract]:At present, the reform of interest rate marketization has reached the most important root of deposit interest rate cap. From the general profit pattern of our banking industry, the profit space of commercial banks will change in reverse with the progress of interest rate marketization reform in a certain period of time, that is, the higher the degree of interest rate marketization, Commercial bank profit space will be smaller. In order to obtain sufficient profits and maintain the relative advantages of commercial banks in the competition of the industry, the internal competition of the industry will inevitably intensify, and the market concentration will fluctuate more in a certain period of time than in the past. At the same time, once the interest rate liberalization liberalizes the upper limit of deposit rate, this will drive the ROE of commercial banks back to the average industry ROE. In the process of return, the small and medium-sized banks in our country will bear the enormous pressure of changing the management strategy. The object of change will include too narrow income channel and large pressure of sucking. At the same time, the marketization of interest rate increases the risk of the small and medium-sized banks in our country, pays attention to the risk of interest rate, and selects the management strategy more prudently. Shareholders hold stakes in small and medium-sized banks on the premise that they receive a positive risk premium. When the operational risk of small and medium-sized listed banks increases, shareholders will demand a greater risk premium as a compensation for risk. This will inevitably lead to China's listed small and medium-sized banks in the interest rate marketization, will be more to bear the performance pressure from shareholders. To build a comprehensive bank is better than to create a more specialized, more differentiated bank, by providing appropriate financial support for customers to increase the diversity of financial services, and increase the non-replicable nature of financial services. At the same time, in order to offset the impact on the performance caused by the decrease of interest difference between deposit and loan, the listed small and medium-sized banks can increase the amount of net capital, including the all-around cooperation with other banks in the same small and medium-sized bank sequence, or the acquisition, merger and reorganization of them; Within the framework of the Bank, combined with the actual situation of the Bank, the maximum leverage ratio under the condition of balancing income and risk is close to the upper limit of the leverage ratio stipulated by the CBRC; Increasing the proportion of non-interest income in the whole income structure is the inevitable choice to deal with the decline in overall performance caused by the fall in interest income.
【学位授予单位】：新疆财经大学
【学位级别】：硕士
【学位授予年份】：2014
【分类号】：F832.5;F832.3

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