Half of the loans the bank recently approved were borrowed by corporate clients looking to change their business models. Photo: Nora Tam
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

Half of the loans the bank recently approved were borrowed by corporate clients looking to change their business models. Photo: Nora Tam
Half of the loans the bank recently approved were borrowed by corporate clients looking to change their business models. Photo: Nora Tam
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