Interest rate cut to hit bank profits: S&P  

標準普爾：中國降息可能削弱銀行業(yè)明年利潤率

標準普爾評級服務11日公布的最新報告稱，中國最近的降息舉措可能會削弱銀行業(yè)2013年的利潤率，標普同時表示，維持2012年銀行業(yè)利潤率可能最多下降10個基點的預測。

Beijing (CNS) -- China's recent interest rate cut is likely to lower the profit margins of the banking industry next year, according to a report released by Standard & Poor's Ratings Services (S&P) on Wednesday.

"We estimate that the central bank's actions will weaken the banking sector's return on assets in 2013 by 10 basis points more than our previous forecast of a 20-25bps reduction," said Standard & Poor's credit analyst Ryan Tsang.

This year the industry is expected to be temporarily spared from further interest rate reductions, said the report.

"We believe the ability and discipline of banks in pricing risks will be critical to maintaining the sector's financial health as moves towards the liberalization of interest rates gather momentum," said Tsang.