The Research On Bank Loan Pricing Under The Background Of New Bank-enterprise Relations

The Research on loan pricing of commercial banks is a issue constantly explored over time.Whether Loan pricing is reasonable or not,not only related to problems on business development of banks,but also related to indirect financial costs of China's real economy.Under the background of long-term interest rate control and financial repression policy,bank-enterprise relations have doped too much administrative color,and the banks' independent pricing ability is worse.As the people's bank of China cutting in financial institutions RMB loan and deposit rates on October 24,2015 and no longer setting the upper limit of floating deposit interest rates to commercial Banks and rural cooperative financial institutions,the market-oriented interest rate reform in our country speeds up,the domestic financial market regulation lets go step by step,commercial bank of deposit and lending interest rate pricing more autonomy.Bank-enterprise relations present new characteristics that two parties establish equality,mutual benefit and marketization relationship through two-way choice under the principles of independent consciousness and the profit maximization.Bank-enterprise relations have become incredible factors when the commercial banks price the loan in the future.The thinking of writing of this article is a new bank-enterprise relation as the breakthrough point.First of all,the relationship of fact in change and the evolution of the loan pricing mechanism is divided into four stages,from three perspectives,including the financial system reform,corporate finance and bank's own development needs.This article analyzes different characteristics of bank-enterprise relations in each phase and according adjustments of loan pricing mechanism,putting forward new bank-enterprise relations have the following characteristics such as trending marketization,self-independence of loan pricing,paying equal attention to risk management and comprehensive income.Secondly,by compared with analyzing the common use loan pricing model and those applicability,putting forward RAROC loan pricing model is more applicable and scientific under the background of a new bank-enterprise relation,but does not take into account of the comprehensive income of bankand enterprise.Next,taking two adjustment ways to RAROC loan pricing model,one way is fusing RAROC loan pricing model to the basic formula of loan pricing based on the customer comprehensive income,forming RAROC_new loan pricing model.The other way is introducing the comprehensive income adjustment coefficient which contains intermediary business adjustment coefficient and Sequestration benefits adjustment coefficient into the RAROC loan pricing model,forming RAROC*loan pricing model.Finally,according to the actual cases,we found that under the precondition of what bank's profit targets unchanged,the improved RAROC pricing model has more advantages on measuring the lower lending rates.Hence,establishing long-term stable business between commercial Banks and enterprises will create a "win-win" effect.Those will not only help enterprises to obtain lower lending rates,reduce the enterprise cost,but also can make the bank improve the independent pricing power and more competitive.Through the research of this article,we in order to provide useful reference for the commercial bank loan pricing in the future.