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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP-行業數據

理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP
2025 年上市銀行凈息差或繼續收窄 10-15BP。我們綜合考慮存量按揭利率下調、2024 年已經下調的 LPR 集中重定價、2025 年 LPR 繼續調降 40BP、城投化債、同業存款限息及存款掛牌調降和降準等各項因素后，測算 2025 年息差收窄 7.8BP。但下階段新投放生息資產定價仍有進一步下行可能，加上結構轉化可能一定程度對沖存款成本的改善效果，我們預計實際息差降幅將大于測算值，或相較 2024 年繼續收窄10-15BP。
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第1頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第2頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第3頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第4頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第5頁
fCDml6XmnJ8gfCBEUjAwNyB8IEdDMDA35Yqg5p2D5bmz5Z2HIHwKfC0tLS0tLXwtLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS18CnwgMjAyNC0wMSB8IDEuODAgICB8IDIuMjAgICAgICAgICAgfAp8IDIwMjQtMDIgfCAxLjkwICAgfCAyLjMwICAgICAgICAgIHwKfCAyMDI0LTAzIHwgMS43MCAgIHwgMi4xMCAgICAgICAgICB8CnwgMjAyNC0wNCB8IDEuNjAgICB8IDIuNTAgICAgICAgICAgfAp8IDIwMjQtMDUgfCAxLjgwICAgfCAyLjIwICAgICAgICAgIHwKfCAyMDI0LTA2IHwgMS43MCAgIHwgMi4wMCAgICAgICAgICB8CnwgMjAyNC0wNyB8IDEuODAgICB8IDIuMzAgICAgICAgICAgfAp8IDIwMjQtMDggfCAxLjYwICAgfCAxLjkwICAgICAgICAgIHwKfCAyMDI0LTA5IHwgMS43MCAgIHwgMi4xMCAgICAgICAgICB8CnwgMjAyNC0xMCB8IDEuNTAgICB8IDIuODAgICAgICAgICAgfAp8IDIwMjQtMTEgfCAxLjYwICAgfCAyLjAwICAgICAgICAgIHwKfCAyMDI0LTEyIHwgMS43MCAgIHwgMi4yMCAgICAgICAgICB8CgrotYTmlpnmnaXmupDvvJpXaW5k44CB5byA5rqQ6K+B5Yi456CU56m25omA
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第6頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第7頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第8頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第9頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第10頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第11頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第12頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第13頁
fCDpobnnm64gICB8IEFDICAgfCBGVk9DSSB8IEZWVFBMIHwKfC0tLS0tLS0tfC0tLS0tLXwtLS0tLS0tfC0tLS0tLS18Cnwg5pS/5bqc5YC6ICB8IDcwJSAgfCAyMCUgICB8IDEwJSAgIHwKfCDmlL/ph5HlgLogIHwgNjAlICB8IDMwJSAgIHwgMTAlICAgfAp8IOS/oeeUqOWAuiAgfCA1MCUgIHwgMzAlICAgfCAyMCUgICB8Cnwg6YeR6J6N5YC6ICB8IDQwJSAgfCAzMCUgICB8IDMwJSAgIHwKfCDln7rph5HmipXotYQgfCAzMCUgIHwgMjAlICAgfCA1MCUgICB8Cnwg6Z2e5qCHICAgIHwgNjAlICB8IDIwJSAgIHwgMjAlICAgfAoK6LWE5paZ5p2l5rqQ77ya5ZCE6ZO26KGM6LSi5oql44CB5byA5rqQ6K+B5Yi456CU56m25omA
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第14頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第15頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第16頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第17頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第18頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第19頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第20頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第21頁
5qC55o2u5oKo5o+Q5L6b55qE5L+h5oGv77yM5Lul5LiL5piv5pWw5o2u6KGo5qC85ZKM6LWE5paZ5p2l5rqQ77yaCgp8IOmTtuihjOexu+WeiyAgIHwg5Zu95YC6L+aUv+W6nOWAuuWNoOavlCB8CnwtLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLXwKfCDllYbkuJrpk7booYwgICB8IDM1LjYlICAgICAgICAgIHwKfCDlhajlm73mgKfpk7booYwgfCAzMS4zJSAgICAgICAgICB8Cnwg5Z+O5ZWG6KGMICAgICB8IDQ4LjklICAgICAgICAgIHwKfCDlhpzllYbooYwgICAgIHwgNDcuNCUgICAgICAgICAgfAoK6LWE5paZ5p2l5rqQ77ya5Lit5Zu95YC65Yi45L+h5oGv572R44CB5byA5rqQ6K+B5Yi456CU56m25omA
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第22頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第23頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第24頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第25頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第26頁
5oqx5q2J77yM5oiR5peg5rOV5o+Q5Y+W5Zu+54mH5Lit55qE5pWw5o2u5oiW55Sf5oiQ6KGo5qC844CC6K+35oKo5o+Q5L6b5paH5a2X5o+P6L+w5oiW5YW25LuW5L+h5oGv77yM5oiR5Lya5bC95Yqb5biu5Yqp5oKo44CC
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第27頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第28頁
fCDlubTku70gIHwg5Zu95pyJ6KGM5aKe6YeP5a+55YWs6LS35qy+5Y2g5q+UIHwKfC0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwKfCAyMDE4ICB8IDUzLjYlICAgICAgICAgICAgICAgIHwKfCAyMDE5ICB8IDYyLjYlICAgICAgICAgICAgICAgIHwKfCAyMDIwICB8IDY2LjQlICAgICAgICAgICAgICAgIHwKfCAyMDIxICB8IDc1LjYlICAgICAgICAgICAgICAgIHwKfCAyMDIyICB8IDczLjclICAgICAgICAgICAgICAgIHwKfCAyMDIzICB8IDc1LjAlICAgICAgICAgICAgICAgIHwKfCAyMDI0UTEtUTMgfCA2Ni4xJSAgICAgICAgICAgICAgICB8CgrotYTmlpnmnaXmupDvvJpXaW5k44CB5byA5rqQ6K+B5Yi456CU56m25omA
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第29頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第30頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第31頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第32頁
fCDnkIbotKIgIHwg5L+d6Zmp6LWE566hICB8IOmTtuihjCAgfAp8LS0tLS0tLS0tfC0tLS0tLS0tLXwtLS0tLS0tLS18Cnwg6KeE5qih5aSnICB8IOinhOaooeWkpyAgfCDop4TmqKHlpKcgIHwKfCDmiaPpmaTpgJrpgZPotLkyQlAtMTBCUCB8IOWIqeeOhzMlLTUlIHwg5Y2P6K6u5a2Y5qy+5pyf6ZmQMy01WSB8Cnwg5ZCr5q+P5pel55Sz6LWO55qE5byA5pS+5byP5Lqn5ZOBIHwg5pyf6ZmQ6ZSZ6YWN77yI5a6e5pON5Lit5rWB5Yqo5oCn55Sx5L+d6Zmp6LWE566h6Ieq6Lqr6IW+5oyq77yJIHwg77yI5ZCr5o+Q5YmN6LWO5Zue5p2h5qy+77yM5L2G5a6e5pON5Lit5bC96YeP5LiN6LWO5Zue77yJIHw=
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第33頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第34頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第35頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第36頁
5qC55o2u5oKo5o+Q5L6b55qE5L+h5oGv77yM5Lul5LiL5piv5pWw5o2u6KGo5qC85ZKM6LWE5paZ5p2l5rqQ77yaCgojIyMg5pWw5o2u6KGo5qC8Cgp8IOmhueebriAgICAgICB8IOWNoOavlCAgICAgfAp8LS0tLS0tLS0tLS0tfC0tLS0tLS0tLS18Cnwg6ZO26KGM5a2Y5qy+ICAgfCA0Mi41MyUgICB8Cnwg5Lmw5YWl6L+U5ZSuICAgfCAyMy44MyUgICB8Cnwg5YC65Yi4ICAgICAgIHwgMzMuMzMlICAgfAp8IOWFtuS7lui1hOS6pyAgIHwgMC4zMSUgICAgfAoKIyMjIOi1hOaWmeadpea6kApXaW5k44CB5byA5rqQ6K+B5Yi456CU56m25omA
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第37頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第38頁
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ICAgICAgICAgICAgICAgIHwgLTUwMDAgICAgICAgICAgICAgICAgICAgICAgfCAtNTAwMCAgICAgICAgICAgICAgICAgICAgICAgfCAtNTAwMCAgICAgICAgICAgICAgICAgICAgICB8IDAuMjAlICAgICAgICAgICAgICAgfAp8IDIwMjMtMTIgfCAtNTAwMCAgICAgICAgICAgICAgICAgICAgICAgfCAtNTAwMCAgICAgICAgICAgICAgICAgICAgICB8IC01MDAwICAgICAgICAgICAgICAgICAgICAgICB8IC01MDAwICAgICAgICAgICAgICAgICAgICAgIHwgMC4xMCUgICAgICAgICAgICAgICB8CnwgMjAyNC0wMiB8IC01MDAwICAgICAgICAgICAgICAgICAgICAgICB8IC01MDAwICAgICAgICAgICAgICAgICAgICAgIHwgLTUwMDAgICAgICAgICAgICAgICAgICAgICAgIHwgLTUwMDAgICAgICAgICAgICAgICAgICAgICAgfCAwLjAwJSAgICAgICAgICAgICAgIHwKfCAyMDI0LTA0IHwgLTUwMDAgICAgICAgICAgICAgICAgICAgICAgIHwgLTUwMDAgICAgICAgICAgICAgICAgICAgICAgfCAtNTAwMCAgICAgICAgICAgICAgICAgICAgICAgfCAtNTAwMCAgICAgICAgICAgICAgICAgICAgICB8IC0wLjEwJSAgICAgICAgICAgICAgfAp8IDIwMjQtMDYgfCAtNTAwMCAgICAgICAgICAgICAgICAgICAgICAgfCAtNTAwMCAgICAgICAgICAgICAgICAgICAgICB8IC01MDAwICAgICAgICAgICAgICAgICAgICAgICB8IC01MDAwICAgICAgICAgICAgICAgICAgICAgIHwgLTAuMjAlICAgICAgICAgICAgICB8CnwgMjAyNC0wOCB8IC01MDAwICAgICAgICAgICAgICAgICAgICAgICB8IC01MDAwICAgICAgICAgICAgICAgICAgICAgIHwgLTUwMDAgICAgICAgICAgICAgICAgICAgICAgIHwgLTUwMDAgICAgICAgICAgICAgICAgICAgICAgfCAtMC4zMCUgICAgICAgICAgICAgIHwKfCAyMDI0LQ==
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第39頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第40頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第41頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第42頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第43頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第44頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第45頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第46頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第47頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第48頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第49頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第50頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第51頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第52頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第53頁
fCDpk7booYzlkI3np7AgICB8IFJBUk9D5YC8ICB8CnwtLS0tLS0tLS0tLS18LS0tLS0tLS0tLS18Cnwg5bel5ZWG6ZO26KGMICAgIHwgMTEuNTclICAgIHwKfCDlu7rorr7pk7booYwgICAgfCAxMS41NyUgICAgfAp8IOWGnOS4mumTtuihjCAgICB8IDExLjU3JSAgICB8Cnwg5Lit5Zu96ZO26KGMICAgIHwgMTEuNTclICAgIHwKfCDpgq7lgqjpk7booYwgICAgfCAxMS41NyUgICAgfAp8IOS6pOmAmumTtuihjCAgICB8IDExLjU3JSAgICB8Cnwg5oub5ZWG6ZO26KGMICAgIHwgMTEuNTclICAgIHwKfCDlhbTkuJrpk7booYwgICAgfCAxMS41NyUgICAgfAp8IOa1puWPkemTtuihjCAgICB8IDExLjU3JSAgICB8Cnwg5Lit5L+h6ZO26KGMICAgIHwgMTEuNTclICAgIHwKfCDlubPlronpk7booYwgICAgfCAxMS41NyUgICAgfAp8IOawkeeUn+mTtuihjCAgICB8IDExLjU3JSAgICB8Cnwg5YWJ5aSn6ZO26KGMICAgIHwgMTEuNTclICAgIHwKfCDljY7lpI/pk7booYwgICAgfCAxMS41NyUgICAgfAp8IOWMl+S6rOmTtuihjCAgICB8IDExLjU3JSAgICB8Cnwg5LiK5rW36ZO26KGMICAgIHwgMTEuNTclICAgIHwKfCDmna3lt57pk7booYwgICAgfCAxMS41NyUgICAgfAp8IOWNl+S6rOmTtuihjCAgICB8IDExLjU3JSAgICB8Cnwg5a6B5rOi6ZO26KGMICAgIHwgMTEuNTclICAgIHwKfCDmsZ/oi4/pk7booYwgICAgfCAxMS41NyUgICAgfAp8IOaIkOmDvemTtuihjCAgICB8IDExLjU3JSAgICB8Cnwg6YeN5bqG6ZO26KGMICAgIHwgMTEuNTclICAgIHwKfCDotLXpmLPpk7booYwgICAgfCAxMS41NyUgICAgfAp8IOmDkeW3numTtuihjCAgICB8IDExLjU3JSAgICB8Cnwg6Z2S5bKb6ZO26KGMICAgIHwgMTEuNTclICAgIHwKfCDoi4/lt57pk7booYwgICAgfCAxMS41NyUgICAgfAp8IOm9kOmygemTtuihjCAgICB8IDExLjU3JSAgICB8Cnwg5YWw5bee6ZO26KGMICAgIHwgMTEuNTclICAgIHwKfCDopb/lronpk7booYwgICAgfCAxMS41NyUgICAgfAp8IOWOpumXqOWbvemZhemTtuihjCB8IDExLjU3JSAgICB8Cnwg5rik5rW36ZO26KGMICAgIHwgMTEuNTclICAgIHwKfCDkuIrmtbflhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDmsZ/oi4/lhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDmtZnmsZ/lhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDlub/kuJzlhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDljJfkuqzlhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDph43luoblhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDkuIrmtbflhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDmt7HlnLPlhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDmna3lt57lhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDmiJDpg73lhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDph43luoblhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDotLXpmLPlhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDpg5Hlt57lhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDpnZLlspvlhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDoi4/lt57lhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDpvZDpsoHlhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDlhbDlt57lhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDopb/lronlhpzllYbooYwgIHwgMTEuNTclICAgIHwKfCDljqbpl6jlm73pmYXpk7booYwgfCAxMS41NyUgICAgfAp8IOa4pOa1t+mTtuihjCAgICB8IDExLjU3JSAgICB8Cnwg5LiK5rW35Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg5rGf6IuP5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg5rWZ5rGf5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg5bm/5Lic5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg5YyX5Lqs5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg6YeN5bqG5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg5LiK5rW35Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg5rex5Zyz5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg5p2t5bee5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg5oiQ6YO95Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg6YeN5bqG5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg6LS16Ziz5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg6YOR5bee5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg6Z2S5bKb5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg6IuP5bee5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg6b2Q6bKB5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg5YWw5bee5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg6KW/5a6J5Yac5ZWG6KGMICB8IDExLjU3JSAgICB8Cnwg5Y6m6Zeo5Zu96ZmF6ZO26KGMIHwgMTEuNTclICAgIHwKfCDmuKTmtbfpk7booYwgICAgfCAxMS41NyUgICAgfAp8IOS4iua1t+WGnOWVhuihjCAgfCAxMS41NyUgICAgfAo=
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第54頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第55頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第56頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第57頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第58頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第59頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第60頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第61頁
fCDml6XmnJ8gfCAxWS1BQUHlm73ogqHlkIzkuJrlrZjmrL7vvJrmnIDkvY7miqXku7cgfCAxWS1BQUHlm73ogqHlkIzkuJrlrZjmrL7vvJrmnIDpq5jmiqXku7cgfCAzWS1BQUHljY/orq7lrZjmrL7vvJrmnIDkvY7miqXku7cgfCAzWS1BQUHljY/orq7lrZjmrL7vvJrmnIDpq5jmiqXku7cgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfAp8IDIwMjItMTItMDkgfCAyLjMgfCAyLjYgfCAzLjMgfCAzLjUgfAp8IDIwMjItMTItMzAgfCAyLjQgfCAyLjcgfCAzLjMgfCAzLjUgfAp8IDIwMjMtMDEtMjggfCAyLjUgfCAyLjggfCAzLjIgfCAzLjQgfAp8IDIwMjMtMDItMTYgfCAyLjYgfCAyLjkgfCAzLjEgfCAzLjMgfAp8IDIwMjMtMDMtMDkgfCAyLjcgfCAzLjAgfCAzLjAgfCAzLjIgfAp8IDIwMjMtMDMtMzAgfCAyLjYgfCAyLjkgfCAzLjAgfCAzLjIgfAp8IDIwMjMtMDQtMjEgfCAyLjUgfCAyLjggfCAyLjkgfCAzLjEgfAp8IDIwMjMtMDUtMTUgfCAyLjQgfCAyLjcgfCAyLjggfCAzLjAgfAp8IDIwMjMtMDYtMDUgfCAyLjMgfCAyLjYgfCAyLjcgfCAyLjkgfAp8IDIwMjMtMDYtMjcgfCAyLjIgfCAyLjUgfCAyLjYgfCAyLjggfAp8IDIwMjMtMDctMTggfCAyLjEgfCAyLjQgfCAyLjUgfCAyLjcgfAp8IDIwMjMtMDgtMDggfCAyLjAgfCAyLjMgfCAyLjQgfCAyLjYgfAp8IDIwMjMtMDgtMzAgfCAyLjEgfCAyLjQgfCAyLjUgfCAyLjcgfAp8IDIwMjMtMDktMjAgfCAyLjIgfCAyLjUgfCAyLjYgfCAyLjggfAp8IDIwMjMtMTAtMTcgfCAyLjMgfCAyLjYgfCAyLjcgfCAyLjkgfAp8IDIwMjMtMTEtMDcgfCAyLjQgfCAyLjcgfCAyLjggfCAzLjAgfAp8IDIwMjMtMTEtMjggfCAyLjUgfCAyLjggfCAyLjkgfCAzLjEgfAp8IDIwMjMtMTItMTkgfCAyLjYgfCAyLjkgfCAzLjAgfCAzLjIgfAp8IDIwMjQtMDEtMTAgfCAyLjUgfCAyLjggfCAyLjkgfCAzLjEgfAp8IDIwMjQtMDItMDEgfCAyLjQgfCAyLjcgfCAyLjggfCAzLjAgfAp8IDIwMjQtMDItMjcgfCAyLjMgfCAyLjYgfCAyLjcgfCAyLjkgfAp8IDIwMjQtMDMtMTkgfCAyLjIgfCAyLjUgfCAyLjYgfCAyLjggfAp8IDIwMjQtMDQtMTAgfCAyLjEgfCAyLjQgfCAyLjUgfCAyLjcgfAp8IDIwMjQtMDQtMzAgfCAyLjAgfCAyLjMgfCAyLjQgfCAyLjYgfAp8IDIwMjQtMDUtMjMgfCAyLjEgfCAyLjQgfCAyLjUgfCAyLjcgfAoK6LWE5paZ5p2l5rqQ77yaV2luZO+8jOW8gOa6kOivgeWIuOeglOeptuaJgA==
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第62頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第63頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第64頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第65頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第66頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第67頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第68頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第69頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第70頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第71頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第72頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第73頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第74頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第75頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第76頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第77頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第78頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第79頁
fCDlubTku70gfCBQQiB8IOS4jeiJr+eOhyB8CnwtLS0tLS18LS0tLXwtLS0tLS0tLXwKfCAyMDEwIHwgNC4wMCB8IDAuNjkgfAp8IDIwMTEgfCAzLjAwIHwgMC42OCB8CnwgMjAxMiB8IDIuMDAgfCAwLjc2IHwKfCAyMDEzIHwgMS4wMCB8IDAuODkgfAp8IDIwMTQgfCAxLjAwIHwgMC44OSB8CnwgMjAxNSB8IDEuNTAgfCAwLjkyIHwKfCAyMDE2IHwgMS4wMCB8IDAuOTEgfAoK6LWE5paZ5p2l5rqQ77yaV2luZOOAgeW8gOa6kOivgeWIuOeglOeptuaJgA==
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第80頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第81頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第82頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第83頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第84頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第85頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第86頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第87頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第88頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第89頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第90頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第91頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第92頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第93頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第94頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第95頁
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理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第96頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第97頁
5aW955qE77yM5Lul5LiL5piv5oKo5o+Q5L6b55qE5Zu+54mH5Lit55qE5pWw5o2u55Sf5oiQ55qE6KGo5qC877yM5bm25Zyo6KGo5qC85LiL5pa55bGV56S65LqG6LWE5paZ5p2l5rqQ77yaCgp8IOmTtuihjOWQjeensCB8IOWFrOWPuOmDqOWIqeaBr+WHgOaUtuWFpeaLhuWIhiB8ICB8ICB8IOmbtuWUrumDqOWIqeaBr+WHgOaUtuWFpeaLhuWIhiB8ICB8ICB8IOi1hOmHkeS4muWKoeWIqeaBr+WHgOaUtuWFpeaLhuWIhiB8ICB8ICB8CnwgOi0tOiB8IDotLTogfCA6LS06IHwgOi0tOiB8IDotLTogfCA6LS06IHwgOi0tOiB8IDotLTogfCA6LS06IHwgOi0tOiB8IDotLTogfAp8ICB8IOWIqeaBr+WHgOaUtuWFpSB8IOWFtuS4re+8muWklumDqCB8IOWGhemDqCB8IOWtmOasvi/otLfmrL4gfCDliKnmga/lh4DmlLblhaUgfCDlhbbkuK3vvJrlpJbpg6ggfCDlhoXpg6ggfCDlrZjmrL4v6LS35qy+IHwg5Yip5oGv5YeA5pS25YWlIHwg5YW25Lit77ya5aSW6YOoIHwg5YaF6YOoIHwKfCDlt6XllYbpk7booYwgfCAxNDA0IHwgMTY0NiB8IC0yNDMgfCAwLjg1IHwgMTM4NiB8IDE0MiB8IDEyNDUgfCAxLjk1IHwgMzQ5IHwgMTM1MiB8IC0xMDAyIHwKfCDlhpzkuJrpk7booYwgfCAxMzAxIHwgMTQwMyB8IC0xMDIgfCAwLjc4IHwgMTgwNiB8IDIyMiB8IDE1ODQgfCAyLjA5IHwgLTIxNiB8IDEyNjYgfCAtMTQ4MiB8Cnwg5bu66K6+6ZO26KGMIHwgODk1IHwgMTM1MSB8IC00NTYgfCAwLjc5IHwgMTQxOCB8IDIzMzAgfCA5MTIgfCAxLjc3IHwgNTcyIHwgMTAzNCB8IC00NjMgfAp8IOmCruWCqOmTtuihjCB8IDI3MSB8IDU0NSB8IC0yNzQgfCAwLjQgfCAxMTc2IHwgNzIgfCAxMTA0IHwgMi44IHwgLTE5IHwgODEyIHwgLTgzMSB8Cnwg5Lqk6YCa6ZO26KGMIHwgNDM5IHwgNDM0IHwgNiB8IDAuODYgfCAzNjQgfCAxMzIgfCAyMzIgfCAxLjM5IHwgNDAgfCAyNzcgfCAtMjM4IHwKfCDmi5vllYbpk7booYwgfCAzODAgfCAxNDIgfCAyMzggfCAxLjUgfCA3MDMgfCA2MDYgfCA5NyB8IDEuMDQgfCAtMzkgfCAyOTYgfCAtMzM1IHwKfCDkuK3kv6Hpk7booYwgfCAzODcgfCAyNjcgfCAxMjAgfCAxLjIxIHwgMzE2IHwgNDE2IHwgLTEwMCB8IDAuNjUgfCA2IHwgMTk4IHwgLTE5MiB8Cnwg5rCR55Sf6ZO26KGMIHwgMjI0IHwgMTg4IHwgMzcgfCAxLjExIHwgMjM5IHwgMjg2IHwgLTQ3IHwgMC43IHwgMjMgfCAxMiB8IDExIHwKfCDlhYnlpKfpk7booYwgfCAyMTAgfCAxMzIgfCA3OSB8IDEuMTcgfCAyMTkgfCAyNDkgfCAtMzAgfCAwLjgxIHwgNTIgfCAxMDEgfCAtNDkgfAp8IOWMl+S6rOmTtuihjCB8IDExNyB8IDU4IHwgNTkgfCAxLjA5IHwgMTIxIHwgMTM2IHwgLTE0IHwgMC45NiB8IDkgfCA1NCB8IC00NCB8Cnwg5rWZ5ZWG6ZO26KGMIHwgMTU4IHwgODcgfCA3MSB8IDEuMiB8IDYxIHwgODggfCAtMjcgfCAwLjU4IHwgOSB8IDUzIHwgLTQ0IHwKfCDljZfkuqzpk7booYwgfCAxMDEgfCA4OCB8IDEzIHwgMS4wNyB8IDYwIHwgMjEgfCAzOSB8IDEuNTggfCAtMzMgfCAxOSB8IC01MiB8CgrotYTmlpnmnaXmupDvvJrlkITpk7booYzotKLmiqXjgIHlvIDmupDor4HliLjnoJTnqbbmiYA=
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第98頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第99頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第100頁
fCDosIPmlbTml7bpl7QgIHwg5rS75pyfIHwgM00gIHwgNk0gIHwgMVkgIHwgMlkgIHwgM1kgIHwgNVkgIHwKfC0tLS0tLS0tLS18LS0tLS0tfC0tLS0tfC0tLS0tfC0tLS0tfC0tLS0tfC0tLS0tfC0tLS0tfAp8IDIwMjItMDkgIHwgLTUgICB8IC0xMCB8IC0xMCB8IC0xMCB8IC0xMCB8IC0xNSB8IC0xMCB8CnwgMjAyMy0wNiAgfCAtNSAgIHwgICAgIHwgICAgIHwgICAgIHwgLTEwIHwgLTE1IHwgLTE1IHwKfCAyMDIzLTA5ICB8ICAgICAgfCAgICAgfCAgICAgfCAtMTAgfCAtMjAgfCAtMjUgfCAtMjUgfAp8IDIwMjMtMTIgIHwgLTEwICB8IC0xMCB8IC0xMCB8IC0yMCB8IC0yNSB8IC0yNSB8IC0yNSB8CnwgMjAyNC0wNyAgfCAtMTAgIHwgLTEwIHwgLTEwIHwgLTIwIHwgLTIwIHwgLTIwIHwgLTIwIHwKfCAyMDI0LTEwICB8IC0yNSAgfCAtMjUgfCAtMjUgfCAtMjUgfCAtMjUgfCAtMjUgfCAtMjUgfAoK6LWE5paZ5p2l5rqQ77ya5ZCE6ZO26KGM5a6Y572R44CB5byA5rqQ6K+B5Yi456CU56m25omA
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第101頁
fCDph43lrprku7fml7bpl7QgfCDlrZjmrL7mjILniYzliKnnjofntK/orqHkuIvosIPluYXluqbvvIhCUO+8iSB8IAp8IC0tLSB8IC0tLSB8IAp8IDNNIHwgNk0gfCAxWSB8IDJZIHwgM1kgfCA1WSB8IAp8IDIwMjLlubQgfCAgfCAgfCAgfCAtMTI1IHwgLTEyMCB8IAp8IDIwMjPlubQgfCAgfCAgfCAtODUgfCAgfCAtOTUgfCAtOTUgfCAKfCAyMDI0SDEgfCAgfCAtMzUgfCAtNDUgfCAtNDUgfCAtNDUgfCAgfCAKCui1hOaWmeadpea6kO+8muWQhOmTtuihjOWumOe9keOAgeW8gOa6kOivgeWIuOeglOeptuaJgA==
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第102頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第103頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第104頁
5aW955qE77yM5Lul5LiL5piv5oKo5Zu+54mH5Lit55qE5pWw5o2u6KGo5qC85ZKM6LWE5paZ5p2l5rqQ77yaCgp8IOaXpeacnyB8IOWQiOiuoSB8IOWxheawkSB8IOefreacnyB8IOS4remVv+acnyB8IOS8geS4miB8IOefreacnyB8IOS4remVv+acnyB8IOelqOaNriB8IOmdnumTtiB8CnwtLS0tLS18LS0tLS0tfC0tLS0tLXwtLS0tLS18LS0tLS0tLS18LS0tLS0tfC0tLS0tLXwtLS0tLS0tLXwtLS0tLS18LS0tLS0tfAp8IDIwMjQtMTIgfCAtOTg5IHwgMTQ0NyB8IC0xMDcgfCAxNTU0ICAgfCAtNDU2NCB8IDUxMSAgfCAtODIxMCAgfCAzMDE5IHwgMTI1NiB8CnwgMjAyNC0xMSB8IC0zMjk2IHwgLTg4ICB8IC04ODIgfCA3OTQgICAgfCAtNTAxOSB8IC0xNjMwIHwgLTIzODAgIHwgLTg5MCB8IDM4NSAgfAp8IDIwMjQtMTAgfCAtMjUyOSB8IDE3NzQgfCAxMzg0IHwgMzkxICAgIHwgLTQyNjAgfCAtNTYyIHwgLTIzMDYgIHwgLTE0ODIgfCAtMTIyMyB8CnwgMjAyNC0wOSB8IC04MTg3IHwgLTM3NzcgfCAtNjk1IHwgLTMwODIgIHwgLTE5MDMgfCAtMTE2OCB8IC0zMDEwICB8IDIxODcgfCAtODU5IHwKfCAyMDI0LTA4IHwgLTQ2NDIgfCAtMTU5NiB8IC0xNDQ2IHwgLTE1MCAgIHwgLTE1MDIgfCAtMTc1MyB8IC0xNzQ1ICB8IDE5NzggfCAtMTAxNSB8CnwgMjAyNC0wNyB8IC0xMzc3IHwgLTE1MyAgfCAtOTQ2IHwgNzkzICAgIHwgLTEzMjggfCAtMTk4OCB8IC0xMzQ1ICB8IDE5OTAgfCAtNTMzIHwKfCAyMDI0LTA2IHwgLTEwNzg0IHwgLTM1NDEgfCAtMjMyMCB8IC0xMjIxICB8IC03NDk1IHwgLTEzMTggfCAtNjY4MyAgfCA0MjggIHwgMTg0ICB8CnwgMjAyNC0wNSB8IC00NTkzIHwgLTI1NTIgfCAtMTU1MyB8IC05OTkgICB8IC0xNzY5IHwgLTE5NTQgfCAtMjg4NyAgfCAzMTUyIHwgLTQ3MCB8CnwgMjAyNC0wNCB8IDU3NyAgfCAtMjQ0MCB8IC0yMTE2IHwgLTMyMyAgIHwgMTQ5NyB8IC0zMDcwIHwgLTI1OTMgIHwgNzEyMSB8IDk4OSAgfAp8IDIwMjQtMDMgfCAtODMwMCB8IC0yNjU3IHwgLTEwMDcgfCAtMTY1MCAgfCAtMzE1NyB8IC05MTQgIHwgLTQ0MzkgIHwgMjE1NyB8IC0yNDUxIHwKfCAyMDI0LTAyIHwgLTQ4MDAgfCAtNzQ5MCB8IC01NjU2IHwgLTE4MzQgIHwgLTEyNTQgfCAtMTEyMiB8IDE1OTcgICB8IC0xNzY3IHwgMzQ0MSB8CnwgMjAyNC0wMSB8IDE4ODkgfCA3MTM2ICB8IDMyNDAgfCAzODk2ICAgfCAtNjMxNyB8IDE1NTYgIHwgLTIyODMgIHwgLTU2MDYgfCA0NjQgIHwKfCAyMDIzLTEyIHwgNzEyICB8IDMxOSAgIHwgNTY0ICB8IC0yNDUgICB8IC0xODU0IHwgMTAzMSAgfCAtMzI3OCAgfCAzNzYgIHwgLTU2ICB8CnwgMjAyMy0xMSB8IC0xMzM4IHwgLTI0ICAgfCAtMTQ3IHwgMTIzICAgIHwgLTM3OCAgfCAyMDI0ICB8IC0yOTAyICB8IDU0MyAgfCAtMzAwIHwKfCAyMDIzLTEwIHwgMTU1NiB8IC0yNjQgIHwgLTY2MCB8IDM5NiAgICB8IDExODUgfCA3NDYgICB8IC03NjEgICB8IDEyNzIgfCA1NjYgIHwKfCAyMDIzLTA5IHwgLTM0NDggfCAxODkyIHwgOTEgICB8IDE4MDEgICB8IC0zMDIwIHwgLTEwNTggfCAtMTE1NiAgfCAtNjkwIHwgLTEzODcgfAp8IDIwMjMtMDggfCAxNzQ4IHwgLTEwMDggfCAxNTkgIHwgLTExNjcgIHwgOTY1ICAgfCA4NiAgICB8IC05NzMgICB8IDE4ODEgfCA0MjIgIHwKfCAyMDIzLTA3IHwgLTMzNjQgfCAtMzMzMSB8IC0xMTg3IHwgLTIxNDQgIHwgLTgzICAgfCAyMDcgICB8IC03ODIgICB8IDQ2MCAgfCA0NjAgIHwKfCAyMDIzLTA2IHwgMjczNiB8IDU2NCAgIHwgMjE1ICB8IDM0OSAgICB8IDgzOCAgIHwgNzQzICAgfCAxNjY2ICAgfCAtMTYwNCB8IC0zODQgfAp8IDIwMjMtMDUgfCAtNTM4MyB8IDIwOSAgIHwgLTI5NSB8IDUwNCAgICB8IC02NjI5IHwgLTIxODggfCAyMjMzICAgfCAtNjc=
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第105頁
fCDkuIrluILpk7booYwgfCDlrZjph4/mi6jlpIfnjofkuIvosIMgfCAyMDI05bm0TFBS5LiL6ZmN6YeN5a6a5Lu3IHwgMjAyNeW5tExQUuS4i+mZjTQwQlAgfCDln47mipXljJblgLogfCDlkIzkuJrlrZjmrL7pmY3mga8gfCAyMDI05bm05a2Y5qy+5Yip546H5LiL6LCDIHwgMjAyNeW5tOWtmOasvuWIqeeOh+S4i+iwgzUwQlAgfCAyMDI0UTTpmY3lh4Y1MEJQIHwg5ZCI6K6hIHwKfC0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS18LS0tLS0tLS0tLS0tLS0tLXwtLS0tLS18Cnwg5bel5ZWGIHwgLTYuMSB8IC0xMS43IHwgLTEuOCB8IC0xLjMgfCAxLjEgfCA4LjEgfCAxLjMgfCAwLjYgfCAtOS44IHwKfCDlu7rorr4gfCAtNy4xIHwgLTEyLjIgfCAtMS44IHwgLTEuMSB8IDAuOSB8IDcuNSB8IDEuMSB8IDAuNiB8IC0xMi4xIHwKfCDlhpzkuJogfCAtNS40IHwgLTkuNSB8IC0xLjQgfCAtMS4yIHwgMS4yIHwgNy41IHwgMS4yIHwgMC42IHwgLTcuMCB8Cnwg5Lit5Zu9IHwgLTYuNiB8IC0xMS4xIHwgLTEuNiB8IC0xLjMgfCAwLjYgfCA4LjIgfCAxLjEgfCAwLjYgfCAtMTAuMiB8Cnwg5Lqk6YCaIHwgLTQuOCB8IC0xMC44IHwgLTEuOSB8IC0xLjQgfCAxLjEgfCA3LjQgfCAxLjAgfCAwLjYgfCAtOC44IHwKfCDpgq7lgqggfCAtNi45IHwgLTEyLjQgfCAtMS45IHwgLTEuMCB8IDAuMSB8IDE4LjcgfCAyLjEgfCAwLjggfCAtMC40IHwKfCDmi5vllYYgfCAtNS44IHwgLTEwLjYgfCAtMS42IHwgLTEuMSB8IDAuNyB8IDkuMSB8IDAuOSB8IDAuNyB8IC03LjcgfAp8IOWFtOS4miB8IC01LjEgfCAtNi4xIHwgLTAuNiB8IC0xLjMgfCAxLjggfCA3LjMgfCAxLjAgfCAwLjYgfCAtMi42IHwKfCDmtablj5EgfCAtNS4xIHwgLTEzLjUgfCAtMi41IHwgLTEuNiB8IDEuOCB8IDcuOSB8IDEuMCB8IDAuNyB8IC0xMS4zIHwKfCDkuK3kv6EgfCAtNS44IHwgLTEwLjAgfCAtMS41IHwgLTEuNCB8IDEuMSB8IDcuNiB8IDAuOSB8IDAuNyB8IC04LjMgfAp8IOawkeeUnyB8IC0zLjcgfCAtOS4xIHwgLTEuNyB8IC0xLjUgfCAxLjIgfCA3LjggfCAxLjAgfCAwLjYgfCAtNS4yIHwKfCDlubPlrokgfCAtMi44IHwgLTEwLjEgfCAtMi4wIHwgLTEuNCB8IDEuNiB8IDguNSB8IDEuMiB8IDAuOSB8IC00LjEgfAp8IOWFieWkpyB8IC00LjEgfCAtNC4yIHwgLTAuMyB8IC0xLjQgfCAwLjkgfCA3LjggfCAxLjEgfCAwLjcgfCAwLjYgfAp8IOWNjuWkjyB8IC0zLjUgfCAtOS43IHwgLTEuOCB8IC0xLjMgfCAwLjIgfCA3LjUgfCAwLjkgfCAwLjYgfCAtNy4yIHwKfCDmtZnllYYgfCAtMi4yIHwgLTguNSB8IC0xLjggfCAtMS4zIHwgMC41IHwgOC41IHwgMS4yIHwgMC43IHwgLTIuOSB8Cnwg5YyX5LqsIHwgLTQuMiB8IC04LjIgfCAtMS40IHwgLTIuMiB8IDAuNiB8IDkuNCB8IDEuMiB8IDAuNiB8IC00LjAgfAp8IOS4iua1tyB8IC0yLjcgfCAtNi4xIHwgLTEuMSB8IC0yLjMgfCAwLjYgfCA4LjkgfCAxLjIgfCAwLjYgfCAtMC44IHwKfCDmsZ/oi48gfCAtMy40IHwgLTEwLjMgfCAtMi4wIHwgLTMuNiB8IDAuNCB8IDYuOSB8IDEuMiB8IDAuOCB8IC05LjkgfAp8IOWugeazoiB8IC0xLjUgfCAtNy45IHwgLTEuNyB8IC0yLjkgfCAwLjYgfCA4LjEgfCAxLg==
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第106頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第107頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第108頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第109頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第110頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第111頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第112頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第113頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第114頁
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
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第115頁
理論測算，考慮存款按揭利率下調、LPR重定價和存款利率下調等因素綜合影響2025年凈息差-7.8BP_第116頁
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所屬報告： 銀行業深度報告：2024年銀行資產負債安排收官回顧與2025年展望-250212（69頁）.pdf
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