Lin Shu, general manager of the Planning and Finance Department of Societe Generale Bank, revealed at the bank's 2026 semi-annual results meeting that the bank had time deposits of 540 billion yuan or more due this year, about 310 billion yuan already matured in the first half of the year, and 230 billion yuan still maturing in the second half of the year. The bank will seize the favorable conditions for long-term term deposit replacement. “The average cost of this portion of the deposit is about 3.15%. If you replace the current three-year fixed term of 1.75%, this portion of debt would have about 140 basis points of cost savings. If you consider that part will be converted into a low-cost current deposit, the cost savings space will actually be even greater.”

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