HKMA end-of-year review says banking sector resilient
The Hong Kong Monetary Authority's year-end review of the banking sector, published on Thursday, said the banking system in Hong Kong remained resilient despite uncertainties in the global landscape.
The review said the quality of loans from banks in Hong Kong had continued to improve in 2010. However, the central bank said net interest margins remained under pressure at historically low levels, with retail banks' net interest margins at 1.33% in the first three quarters of 2010, compared to the
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