The Deutsche Bank group said it was confident of recovering a loan to the collapsed Guangdong International Trust and Investment Corp (Gitic), and that the amount involved was insignificant. Chief country officer for Hong Kong and Macau, Chris Chan, said he believed the bank would get a refund as the loan was approved by the State Administration of Foreign Exchange, which meant it would receive priority repayment. He declined to disclose the amount involved. Mr Chan rejected claims that European banks had withdrawn from lending in Hong Kong, saying it was a global trend for banks to tighten lending policies due to liquidity problems. The financial trouble among international hedge funds had also prompted banks worldwide to be more cautious in lending, he said. Mr Chan was speaking after a ceremony to mark Deutsche Bank's signing of a lease for 88,000 square feet of office space at the Cheung Kong Center in Central.