银行行业专题研究:农业银行的故事:资负篇

天风证券
Oct 12

本篇报告是我们推出的第二篇农业银行深度报告,将从信贷、存款、金市、流动性与司库策略五大维度作为切入点,为市场全面“解密”农业银行资产负债配置行为及其影响。一、近年来农业银行资产负债配置行为的主要特点第一,资产负债“流动性、盈利性、安全性”三性平衡中,流动性明显“让位于”盈利性,其对规模增长诉求,明显高于其他国有大行。第二,资产配置“强度大、质量高、久期长”。一方面,凭借县域金融优势,农业银行信贷...

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