You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
惠譽:港銀淨息差添壓 信貸損失料擴大
阿思達克 03-05 11:46
評級機構惠譽發表報告,指美聯儲減息的緊急程度及幅度超市場預期,未來數月有可能進一步減息,今年本港銀行淨息差或面對較原先預期更大的壓力。報告稱,新冠病毒全球擴散,本周已驅動澳洲、馬來西亞、美國及香港減息。香港金管局下調貼現窗基本利率因聯匯制度跟隨美國減息,惠譽料對銀行收入帶來更大挑戰。惠譽對本港銀行板塊展望「負面」。惠譽料本港銀行不會立即跟隨美國減息而下調最優惠利率(P),因本港存款息率已接近零。匯豐銀行昨日(4日)宣布維持最優惠利率於5%不變。報告指出,即使在過去信貸下行周期,如2003年沙士及2008年金融海嘯,歷史上本港P按息從未低於5%,主因本港大型銀行具定價決定權。惠譽稱,HIBOR面臨下行壓力及美元利率下滑,將減少再投資收益率及壓抑本港銀行美元存款的利差。加上客戶貸款胃納縮減,短期將進一步壓抑本港銀行整體淨利息利潤。惠譽稱,在低利率年代,費用收入(特別是財富管理、保險及經紀費用)通常受惠,有助抵銷銀行利潤壓力。由於中國內地及香港經濟缺乏強勁反彈,惠譽不預期今次費用收入會強勁復甦。本港政府紓困措施及銀行特別貸款計劃只能紓緩短期資產質素壓力,但非較長期的經濟弱勢。基於資本充足、流動性緩衝或母企支撐,惠譽對本港銀行評級展望「穩定」,料有關因素仍然持續。由於本港銀行去年底的前瞻指引僅考慮到中美貿易關係及本港社會事件,未有計及新冠疫情,預期本港銀行信貸損失擴大。
Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of this article is for reference only. It does not constitute an offer, solicitation, recommendation, opinion or guarantee of any securities, financial products or instruments.The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance.
uSMART
Wealth Growth Made Easy
Open Account