The banking industry in Guangdong Province has launched the first salvo against "internal competition" syndrome.
The "spring breeze" against the "zero-sum" competition has finally reached the banking industry. Recently, the Interbank Association of Guangdong Province held a special work meeting on combating "zero-sum" competition, deploying comprehensive measures to address the issue. Ping An Bank's Guangzhou branch has already responded to the call against "zero-sum" competition. According to industry insiders, the "zero-sum" competition in the banking industry is mainly manifested in the asymmetrical decline of deposit and loan interest rates, the continuous narrowing of net interest margins, intensified market competition among banks, escalating price wars, weakening economies of scale in loans, and slowing net income growth. Many industry insiders expect that more banks in different regions will join the fight against "zero-sum" competition in the future.
Latest