HK Stock Market Move | CEB BANK (06818) falls nearly 5% after performance announcement, with both revenue and profit decreasing in the first three quarters. Fair value changes are putting pressure on profit.

CEB BANK (06818) fell nearly 5% after the performance announcement. As of the time of writing, it has fallen by 4.75% to HK$3.21, with a turnover of HK$45,576.7 million. On the news front, China Everbright Bank released its performance report, showing a 7.9% year-on-year decrease in operating income for the first three quarters, and a 3.6% year-on-year decrease in net profit attributable to shareholders. Looking at just the third quarter, operating income fell by 13.0% year-on-year, while net profit attributable to shareholders for the quarter dropped by 11.0% year-on-year. CICC released a research report stating that the company's performance was slightly lower than expected, mainly due to fluctuations in bond market interest rates putting pressure on fair value changes. In terms of asset size, as of the end of September, China Everbright Bank's total assets reached RMB 7,217.17 billion, an increase of 3.72% from the end of the previous year. As for asset quality, as of the end of the third quarter, the bank's non-performing loan balance was RMB 50.712 billion, an increase of RMB 14.6 billion from the end of the previous year; the non-performing loan ratio was 1.26%, an increase of 0.01 percentage points from the end of the previous year; and the provision coverage ratio was 168.92%, a decrease of 11.67 percentage points from the end of the previous year.