a
Bank of China Group
Banking Sector
Customers deposits
+30%
+24%
Total loans and advances
+30%
+68
Loans to individuals
+100%
+438
to purchase flats in the HOS/PSPS.
Loan to individuals
+66%
+29%
to purchase private
residential flats
18.
Note: The percentages (8) represent the year-on-year
growth in 1985 over 1984.
The widening in the range of their financial
services demonstrates the intention of the CSOBs to
aiversify as well as to increase their banking business in
Hong Kong. Recently, the CSOBS have expanded their retail
banking services, accepting deposits in various foreign
currencies (e.g. US dollars, Canadian dollars, Australian
aollars, New Zealand dollars etc.) to attract the glowing
number of depositors wishing to switch to foreign
currencies with higher interest yields. Four CSOBs, the
Bank of Communications, Kinching Banking Corporation, Yien
Yieh Commercial Bank and Po Sang Bank, have also started
to accept savings and fixed-term deposits in ECUS
(European Currency Units)
It is generally conceded
(2).
(2)
The minimum level of these ECU deposits accepted by the CSOBS is 100 ECUs (about HK$700) for savings accounts and 1,000 ECUs for fixed deposits. By contrast, the minimum level accepted by the Hongkong and Shanghai Banking Corporation is US$50,000 equivalent of ECUs (formerly at US$100,000
equivalent).
G.F 32%
CONFIDENTIAL ##
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