Interest rate cut to hit bank profits: S&P  

标准普尔：中国降息可能削弱银行业明年利润率

标准普尔评级服务11日公布的最新报告称，中国最近的降息举措可能会削弱银行业2013年的利润率，标普同时表示，维持2012年银行业利润率可能最多下降10个基点的预测。

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.