The Zhitong Finance App learned that the “Hong Kong Banking Report” released by KPMG shows that despite continuing challenges to the global economy, the Hong Kong banking industry will show steady growth and operational resilience in 2024. According to the report, the total assets of the surveyed Hong Kong licensed banks increased by 4.5% to HK$24 trillion last year; operating profit before impairment also increased 7.8% to HK$318 billion. Facing weak demand for loans and narrowing net interest spreads, the banking industry continues to focus on cost control and improving operational efficiency.

The Zhitong Finance App learned that the “Hong Kong Banking Report” released by KPMG shows that despite continuing challenges to the global economy, the Hong Kong banking industry will show steady growth and operational resilience in 2024. According to the report, the total assets of the surveyed Hong Kong licensed banks increased by 4.5% to HK$24 trillion last year; operating profit before impairment also increased 7.8% to HK$318 billion. Facing weak demand for loans and narrowing net interest spreads, the banking industry continues to focus on cost control and improving operational efficiency.