Loans decline on weaker yen

PUBLISHED : Tuesday, 30 June, 1998, 12:00am
UPDATED : Tuesday, 30 June, 1998, 12:00am
 

The Hong Kong Monetary Authority said total bank loans fell 1.5 per cent last month because of the weaker yen. Offshore lending dropped 4.4 per cent while local lending rose 0.5 per cent. Total deposits fell 1.2 per cent last month.


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Loans decline on weaker yen

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