Economy

Staff Reporter

, Hong Kong

Published:

13 years ago

Bank capital adequacy ratio on the rise

The consolidated capital adequacy ratio of Hong Kong banks was 15.8% at the end-December, against 15.7% at the end-September.

The Monetary Authority said the figure remained well above the international standard of 8%. It also said the quarterly annualised net interest margins of retail banks rose for the second consecutive quarter to 1.29% in the 4Q.

Aggregate pre-tax operating profit of retail banks’ Hong Kong offices increased 18% last year compared with the previous year.

Total loans and advances of European banks in Hong Kong remained at $400 billion last year but there was a 5.7% month-on-month drop in December.

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