March credit recovery, institutions: The logic of improvement in banks' fundamentals is relatively confirmed!

As of April 15, 2026, the CSI Bank Index rose by 0.29%, and signs of credit recovery are gradually emerging. In March, new RMB loans amounted to 2.99 trillion yuan, with strong demand for short-term corporate financing and improvements in direct financing. The banking system has ample liquidity, with deposit growth outpacing loan growth, resulting in sufficient funds on the liability side. Industry insiders believe that the recovery of credit demand and the expansion of asset scale will benefit banks by stabilizing interest income, reducing liability costs, and improving the fundamental operations of banks. Guosheng Securities and CICC are both optimistic about the stability of credit growth and the improvement of the industry fundamentals