prime lending rates – Charm

HSBC, Standard Chartered, BOCHK cut prime rates for first time since December

Cs news2 months ago06 mins

Hong Kong’s three note-issuing banks – HSBC, Standard Chartered and Bank of China (Hong Kong) – will trim their prime lending rates for the first time since December, reducing funding costs and providing some relief to businesses and mortgage borrowers in the city. HSBC and the Hong Kong unit of Bank of China said on…

Hong Kong banks cut lending rates even as HKMA warns of volatility ahead

Cs news11 months ago011 mins

Hong Kong’s six biggest lenders lowered their prime lending rates for a third time this year, trimming borrowing costs to the lowest level in more than two years. HSBC and subsidiary Hang Seng Bank said they would trim their prime rate by 12.5 basis points to 5.25 per cent from Friday, the lowest since August…