Half of the loans the bank recently approved were borrowed by corporate clients looking to change their business models. Photo: Nora Tam
Coronavirus has brought out ‘Hong Kong spirit’, as firms borrow to adapt to new normal, Bank of East Asia says
- About 1,800 of bank’s customers have applied for HK$1.3 billion in government guaranteed loans since April
- Companies are adapting, with clothes manufacturer making masks, restaurant operator expanding its takeaway and delivery services
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Half of the loans the bank recently approved were borrowed by corporate clients looking to change their business models. Photo: Nora Tam
