zhongtai team led by Daizhifeng of zhongtai Securities reviews the interest rate of existing housing loans in 2023: As of the end of 2023, a total of over 23 trillion existing housing loans have been reduced, accounting for 60% of the scale of existing home purchase loans at the end of 2023. The average reduction is 0.73 percentage points, and the weighted average interest rate after the reduction is 4.27%. According to the calculation, the space for this round of interest rate reduction for existing housing loans is about 50 basis points, with an impact of -5.6 basis points on interest spread, -3.1 percentage points on revenue, and -7 percentage points on pre-tax profit for listed banks in 2025.
中泰研究：本轮存量房贷利率下调空间在50bp左右，负债端支撑下对息差影响可控
zhongtai Research: The space for this round of interest rate reduction for existing housing loans is about 50 basis points, and the impact on interest spread is controllable under the support of the liability side.
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