A bank has the following balance sheet:
Assets Return million$ Liabilies and Equity cost million$
cash 0.00% 35 fixed-rate depeosits 3.50% 240
investment(<1 year) 4.00% 200 rate-sensitive deposits 2.00% 260
short term loans(< year) 6.00% 225 fed fund borrowings 2.50%. 25
long term fixed rate loans(maturity>1year). 6.75 250 longterm borrow fixed rate(mat>1year) 5.50% 119
Total $710 Equity 66
Total $710
Calculate the bank's one-year repricing gap (in millions of $).
Also, if interest rates decline by 100 basis points, estimate the change in the bank’s NII over the year.