Industrial Bank's Lin Shu: RMB 540B Long-Term Deposits Maturing in 2026, Replacement Could Cut Liability Costs
Lin Shu, general manager of the planning and finance department at Industrial Bank, said at the bank's 2026 interim results meeting that RMB 540 billion in time deposits with tenors of three years or more will mature in 2026. Of this, about RMB 310 billion matured in the first half, with RMB 230 billion remaining in the second half. The bank plans to seize favorable conditions for replacing these deposits, which carry an average cost of 3.15%.
Lin Shu, general manager of the planning and finance department at Industrial Bank, said at the bank's 2026 interim results meeting that RMB 540 billion in time deposits with tenors of three years or more will mature in 2026. Of this amount, approximately RMB 310 billion had already matured in the first half of the year, while about RMB 230 billion is scheduled to mature in the second half.
The bank intends to capitalize on favorable conditions for replacing long-term time deposits. These deposits carry an average cost of approximately 3.15%, and the replacement is expected to reduce the bank's overall liability costs by around 140 basis points.