HK Stock Market Move | CEB BANK(06818) falls more than 5% after its performance report. Both annual revenue and profits have declined by 6%. The provisioning coverage ratio has dropped by more than 6 percentage points.

CEB BANK (06818) fell by over 5% after its performance report, dropping by 4.63% to HK$3.09 at the time of drafting, with a trading volume of HK$83.9766 million. In terms of news, CEB BANK released its annual performance report, showing a revenue of RMB 126.46 billion during the period, a decrease of 6.74% year-on-year. Net profit attributable to the bank's shareholders was RMB 38.826 billion, a decrease of 6.88% year-on-year. At the end of the reporting period, the balance of non-performing loans was RMB 50.742 billion, an increase of RMB 14.9 billion from the previous year-end; the non-performing loan ratio was 1.27%, an increase of 0.02 percentage points from the previous year-end; and the provision coverage ratio was 174.14%, a decrease of 6.45 percentage points from the previous year-end.