银行管理学全套配套课件 powerpoint ch03.ppt

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1、MANAGINGNONINTERESTINCOMEANDNONINTERESTEXPENSEChapter5BankManagement,5thedition.TimothyW.KochandS.ScottMacDonaldCopyright©2003bySouth-Western,adivisionofThomsonLearningAcommonviewamongbankmanagersandanalystsisthatbanksmustrelylessonnetinterestincomeandmoreonnoninterestinco

2、metobemoresuccessful.Thehighestearningbankswillbethosethatgenerateanincreasingshareofoperatingrevenuefromnoninterestsources.Arelatedassumptionisthatnotallfeesarecreatedequal.Somefeesarestableandpredictableovertime,whileothersarehighlyvolatilebecausetheyderivefromcyclicalacti

3、vities.Thefundamentalissueamongmanagersistodeterminetheappropriatecustomermixandbusinessmixtogrowprofitsathighrates,withastrongfocusonfee-basedrevenues.Trendsinnetinterestmarginandnoninterestincome:1990-1997NIMrosefrom1990to1994,onaverage,andhasfallensharplythereafterforboth

4、banksunder$100millioninassetsandlargerbanks.Itiswidelyrecognizedthatthedaysofrecord-breakingnetinterestmarginsforbanksarelonggone.ThisrecentdeclineinNIMsreflectscompetitivepressuresonboththecostofbankfundsandyieldsonearningassets.NIMshavefallensharplysince1994forbothbanksund

5、er$100millioninassetsandlargerbanks.PressureonmarginsThegrowthininexpensive,coredepositsatbankshasslowedbecausecustomershavemanyalternatives,suchasmutualfundsandcashmanagementaccounts,thatoffersimilartransactionsandsavingsservicesandpayhigherLoanyieldshavesimilarlyfallenonar

6、elativebasisbecauseofcompetitionfromnonbanklenders,suchascommercialandconsumerfinancecompaniesandleasingcompanies,andotherbanksthatcompeteforthemostprofitablesmallbusinessloans,creditcardreceivables,andsoon.Over-relianceonnetinterestmargin?Potentialearningsdifficultiesarecom

7、poundedbythefactthatassetqualitywasquitestrongduringthelate1990s,suchthatloanlossprovisionswerelowandnotlikelytoshowmuchimprovement.Problemloansareoftenmadeatthepeakorendofthebusinesscycle.TheU.S.economyfellintoamodestrecessioninMarch2001,aroundwhichloanqualityworsened.Theim

8、pactisthatbanksmustgrowtheirnoninterestincomerelativetononinterestexpenseif