Low interest rates and economic uncertainty as a result of the coronavirus pandemic will continue to weigh on the bottom lines in 2021 of Hong Kong banks, including HSBC and Standard Chartered. Photo: Bloomberg Low interest rates and economic uncertainty as a result of the coronavirus pandemic will continue to weigh on the bottom lines in 2021 of Hong Kong banks, including HSBC and Standard Chartered. Photo: Bloomberg
Low interest rates and economic uncertainty as a result of the coronavirus pandemic will continue to weigh on the bottom lines in 2021 of Hong Kong banks, including HSBC and Standard Chartered. Photo: Bloomberg

Coronavirus Hong Kong: 2021 to be a difficult year for banks with bottom lines squeezed by low interest rates, uncertainty

  • Net interest margin likely to ‘remain challenging’ for the city’s banks this year, KPMG China says in latest report card
  • Wealth management increasingly competitive as city’s banks seek Greater Bay Area opportunities

Topic |   Hong Kong company reporting season
Low interest rates and economic uncertainty as a result of the coronavirus pandemic will continue to weigh on the bottom lines in 2021 of Hong Kong banks, including HSBC and Standard Chartered. Photo: Bloomberg Low interest rates and economic uncertainty as a result of the coronavirus pandemic will continue to weigh on the bottom lines in 2021 of Hong Kong banks, including HSBC and Standard Chartered. Photo: Bloomberg
Low interest rates and economic uncertainty as a result of the coronavirus pandemic will continue to weigh on the bottom lines in 2021 of Hong Kong banks, including HSBC and Standard Chartered. Photo: Bloomberg
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