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  1. Hang Seng Bank cuts rebates but keeps mortgage rates steady

    Posted Nov 03rd 2007, 12:00am by Staff Reporter

    ... mortgages. Beginning on Monday, the bank will lower the cash rebate by 0.3 percentage points. Homebuyers with loans of HK$800,000 or more could get a rebate of up to 0.5 per cent. Peggy Tam Lai-king, the bank's head of secured lending, said the bank kept its mortgage rate unchanged and that good customers could still get a mortgage loan as low as 2.9 per cent below prime or 4.35 per cent in real ...

  2. CCB seeks mortgage-backed securities

    Posted Jul 17th 2004, 12:00am by Staff Reporter

    ... of securities backed by loan receivables. The ICBC transaction included some mortgage loans but was not a residential MBS deal. Although CCB began lobbying for MBS in 1996, the idea has only recently ... their own property since the 1990s, Chinese banks' outstanding residential mortgage loans ballooned to 1.17 trillion yuan by the end of last year, or 6.8 per cent of total lending, noted ...

  3. BOCHK and ICBC (Asia) increase mortgage rates by 25 basis points

    Posted Jun 28th 2008, 12:00am by Staff Reporter

    ... Bank Corp raised their mortgage rates for new home loans last week. 'Other banks are likely to follow if a key player makes a move,' said Kenneth Tsin Wai-lun, a senior mortgage distribution manager at Bank of East Asia, adding that his bank would review the situation before making any decision. BOCHK will raise its mortgage rate for new homebuyers with loan amounts of HK$1.5 ...

  4. Hang Seng joins mortgage price war

    Posted Mar 03rd 2006, 12:00am by Andy Chen

    ... Andy Cheng Lender lowers home loan rates as customers ask for concessions after learning of HSBC's surprise offer Hang Seng Bank joined the mortgage price war yesterday as customers applied pressure following HSBC's latest cuts in home loan rates. Hang Seng is offering mortgage rates of 2.5 percentage points below prime (7.75 per cent) and up to a 0.3 per cent rebate ...

  5. Wing Lung cuts mortgage rates to 4.82pc

    Posted Feb 27th 2007, 12:00am by Staff Reporter

    ... Maria Chan Bankers expect home-loan market competition to intensify Wing Lung Bank, one of three lenders that joined the mortgage war yesterday, is offering home loan rates as low as 4.82 per cent, the cheapest to date, for the entire tenor of the loan. Bankers said they expected mortgage competition to intensify and rates to stabilise at about 4.85 per cent. Hang Seng Bank ...

  6. Bocom posts 31pc profit rise; warns on bad loans

    Posted Oct 28th 2011, 12:00am

    ... result in increasing non-performing mortgage loans. The bank said it earned 12.02 billion yuan (HK$14.65 billion) in the three months ended on September 30, up from 9.18 billion yuan a year ... vice-president Qian Wenhui said the bank would monitor the slumping property market because it could lead to an increase in mortgage loan defaults. 'It is expected that some homebuyers, angry ...

  7. Investors shrug off interest rate rises

    Posted Aug 11th 2005, 12:00am by Staff Reporter

    ... cent, more than double the record-low rates of just 2 per cent to which mortgage loan costs had fallen at the beginning of the year. More rises are expected before the end of the year. ... a first-half profit increase of 27.7 per cent, to 24.04 billion yuan. Hong Kong's prime lending rate rose to its highest level in four years as all major banks increased their key loan rates ...

  8. Citic Bank warns of slowing loan growth

    Posted Mar 28th 2008, 12:00am by Staff Reporter

    ... Natalie Chiu China Citic Bank Corp, whose profits rose more than 115 per cent last year, may see new loan growth slow to 17 per cent this year from 24.8 per cent as the mainland tighter monetary policy and the global economy worsens. The mid-sized commercial bank said it had reined in new loans this year after posting a net profit for last year of 8.32 billion yuan (HK$9.23 ...

  9. Officials punished for 10b yuan loans

    Posted Jan 17th 2005, 12:00am by Staff Reporter

    ... and supervision authorities after problem loans amounting to 10 billion yuan were granted to a businessman, Xinhua reported yesterday. With Feng Mingchang, owner of a Huaguang plywood company who received the loans, 69 people have been transferred to judicial authorities for criminal investigations. Of those implicated, 29 officials have been expelled from the Communist Party and fired from ...

  10. BOC to take big hit on US home loans

    Posted Jan 21st 2008, 12:00am by Wang Xiangwei

    ... subprime mortgage securities in the fourth quarter when it reveals its full-year results in April, mainland banking sources say. The bank may post drastically lower profits, or even a loss, if it writes down the US$7.95 billion it holds in securities backed by loans to less-credit-worthy borrowers. In August, BOC surprised the markets by announcing it held US$9.65 billion ...




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