Hong Kong Monetary Authority: Preliminary figures for loan ratios in specific categories remained stable in the third quarter, and overall credit risk was manageable

Zhitongcaijing · 2d ago

The Zhitong Finance App learned that Hong Kong Monetary Authority Vice President Yuen Kwok-hang said while attending the Financial Affairs Committee meeting that the preliminary figures for specific loan ratios for the third quarter remained stable compared to the end of the second quarter. The bank's level of provision is sufficient. Excluding collateral, it reached 150% after deducting the realized value of collateral. It is believed that the overall credit risk is currently manageable.

He pointed out that in the first nine months of this year, overall bank deposits and loans increased by 7.7%, with annualized rates of more than 10% and 10.2%, respectively. Loans and trade finance for local and overseas use in Hong Kong have increased rapidly, with trade finance growing 20% in the first nine months. The banking sector's capital level, liquidity ratio and profitability parameters all performed well, and there is confidence in bank stability.