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

Banking & Finance

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

Topic |   Banking & Finance
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
Half of the loans the bank recently approved were borrowed by corporate clients looking to change their business models. Photo: Nora Tam
READ FULL ARTICLE