An Yong: The net interest margin of A-share listed banks will further narrow in 2024.

According to the Financial APP, the "China Listed Banks' 2024 and 2025 First Quarter Performance Review and Future Outlook" released by Ernst & Young showed that due to factors such as the continuous decline in market interest rates, the reduction in mortgage loan rates, and continued support for the real economy, the net interest margin of listed banks in 2024 further narrowed, with an average net interest margin of 1.52%, a decrease of 17 basis points from the previous year, marking the fifth consecutive year of decline, with the net interest margin being below 2% in the past three years. As a result of the narrowing net interest margin, the net interest income of listed banks in 2024 decreased by 2.20% year-on-year, marking a decline for the second consecutive year.