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  1. Banks struggling to attract deposits

    Posted May 30th 2012, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Hong Kong banks could come under pressure as deposit costs have been rising. A banker said this could hit their net interest margin (NIM), a measure ... at the bank's annual general meeting that it was among the many lenders in Hong Kong that had been aggressively seeking deposits in recent months with incentives such as higher interest rates. Though ...

  2. Expensive loans and loss of deposits hit smaller banks

    Posted Apr 21st 2011, 12:00am

    ... big and small are paying more for deposits than they can borrow on the interbank market is 'an anomaly', he said, noting that the banks were pursuing this strategy partly to keep their loan-deposit ratios in check. Adding to the pressure, 'many banks, especially mainland banks, have stepped up lending and funds gathering efforts in Hong Kong' in the past six months or so, ...

  3. Deposits in yuan triple in a month

    Posted Apr 28th 2004, 12:00am by Staff Reporter

    ... Kelvin Wong Banks in Hong Kong took in about 5 billion yuan in deposits by the end of March, just a little over a month since they were permitted to conduct personal yuan banking business in the city. The figure is triple the amount revealed by the Hong Kong Monetary Authority early last month, when more than 1.5 billion yuan was reported to have been deposited into 14 Hong Kong banks ...

  4. Yuan Deposits

    Posted Jul 25th 2004, 12:00am by Chris Oliver

    ... amounted to less than HK$22 million, according to Merrill Lynch estimates. The brokerage believes most Hong Kong banks are losing money by accepting yuan deposits, but down the road ... Chris Oliver Total yuan deposits held by institutions in Hong Kong amounted to 6.3 billion at the end of May, but the benefit has been miniscule, according to Merrill Lynch. The brokerage ...

  5. Yuan deposits set to climb as HK dollar yields fall

    Posted Mar 21st 2008, 12:00am by Staff Reporter

    ... Maria Chan The growth of yuan deposits in Hong Kong banks is likely to double this year after Hong Kong dollar deposit yields dropped to almost zero and as the mainland currency continues ... banking at DBS Bank (Hong Kong). He said the yuan's uptrend and the near-zero returns on Hong Kong dollar deposits were prompting more depositors to keep yuan deposits. 'The rate ...

  6. Rich get richer on new time deposit rates

    Posted Aug 12th 2005, 12:00am by Staff Reporter

    ... Maria Chan Small depositors are once again losing out to those with larger deposits, as several leading lenders shift more aggressively towards a tiered deposit structure that rewards the 'haves' and penalises the 'have-nots'. Most leading banks yesterday adjusted their time deposit rates. HSBC and Hang Seng Bank lifted rates for most levels of deposits below $1 million ...

  7. Most coveted rental: the safety deposit box

    Posted May 02nd 2004, 12:00am by Chris Oliver

    ... Chris Oliver Don't bother dragging your valuables out from under the mattress just yet- because you'll face a wait of up to eight years to get your hands on a bank safety deposit box. Hong Kong banks have revealed that they have some of the highest occupancy rates for safety deposit boxes anywhere in the world. At Hang Seng Bank you'll pay $10,000 a year for its ...

  8. Yuan deposits on rise but trail expectations

    Posted Sep 01st 2004, 12:00am by Louis Beckerling

    ... Louis Beckerling Yuan deposits held by Hong Kong bank customers grew by 374 million yuan, or 5.5 per cent, to 7.17 billion yuan in July, the Hong Kong Monetary Authority reports. In April, ... expectations that the new service will attract the substantial sums of yuan currency notes believed to be circulating in Hong Kong. Most banks have reported that the deposits have been created ...

  9. Hang Seng yuan deposits surge after revaluation

    Posted Jul 25th 2005, 12:00am by Staff Reporter

    ... Foster Wong The revaluation of the yuan has sparked a surge in new yuan deposit accounts at Hang Seng Bank with customers hoping to ride on the currency's further potential rise. According to vice-chairman and chief executive Raymond Or Ching-fai, the bank's daily yuan deposit balance jumped to about $50 million on Friday, a day after Beijing effectively revalued its ...

  10. Shanghai lenders see increase in deposits

    Posted Jul 11th 2007, 12:00am by Staff Reporter

    ... Ren Wei in Shanghai Depositors put an extra 6.09 billion yuan into Shanghai bank accounts last month- the first big increase since January- amid signs they are cashing out of equities as the stock market loses its allure, the People's Bank of China said yesterday. Between January and May, yuan savings deposits plummeted 17.3 billion yuan as investors drained their accounts ...




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