商业银行存贷利差：扩大还是缩小?

On the Interest Rate Margin of Commercial Banks in China

存贷利差的合理水平是一个动态的概念。在我国管制利率的背景下,存贷利差的调整,既要考虑微观经济主体的经营状况,也要考虑宏观经济的运行态势。当前,我国商业银行的存贷利差处于20年来的最高水平,并处于国际中偏上水平。随着商业银行的经营状况明显改善如不良贷款率的降低、资本充足率的提高和利润的大幅增长等,继续保持高存贷利差的必要性大大降低。继续保持较高的存贷利差,既不利于商业银行的业务转型,也不利于宏观调控。当前的经济金融形势显示,应当适当缩小存贷利差。建议通过稳步推进利率市场化适当缩小存贷利差。

The reasonable level of interest rate margin is a dynamic concept. Against the background of interest rate control in China, the adjustment of interest rate margin should take into account not only the operation of micro economic entity, but also the overall performance of macro economy. The present interest rate margin of domestic commercial banks is on the record-high level in recent 20 years, and could also be in middle-upper level compared to international peers. The paper points out that along with the improvement of business performance of the commercial banks, it is no longer necessarily to keep the high interest rate margin. Therefore, the authors suggest that it is the time to narrow the interest rate margin by pushing up interest rate liberalization.