According to internal media reports, CM Bank (03968.HK) President Wang Liang said at the shareholders' meeting that the company's revenue and profits, both core indicators, will face double pressures this year.

Wang Liang said that CM Bank's first-quarter interest rate spread fell by 27 basis points this year, mainly due to the repricing of the loan market quoted interest rate (LPR). Meanwhile, due to the decline in effective credit demand and the impact of bank competition lowering loan interest rates, it is believed that the revenue level of asset business will further decline this year.

Wang Liang said that overall, the interest rate spread in the banking industry will continue to decrease this year, but the space for further decline is not large. Currently, it may be at a relatively low position. For CM Bank, as long as it maintains good asset quality and high levels of capital adequacy ratio (CAR) and provision coverage ratio (PCR), the overall profitability level will gradually stabilize in the future.