CONFIDENTIAL
23
機密封
Total assets of BOC Group*
Position as
% share in
total assets
with authorised
financial institutions
% changes over end 87
HK$
at end 88
(HK$ Mn)
150,108
21.3
+34.7 (+20.3)
Foreign
148,956
5.0
Currencies
+31.2 (+13.7)
Total
299,064
8.1
+32.9
(+14.9)
Notes :
*
Figures in brackets denote the growth rates for all authorized financial institutions as a whole.
Including Ka Wah and Union Banks.
34.
During 1988, total deposits with the BOC group as a whole rose by 28.4% to HK$179 billion, and its market
share increased from 18.9% at end 1987 to 21.1% at end 1988. Of these deposits, foreign currency deposits grew particularly rapdily, by 54% during the year. This compared favourably with an average growth rate of 26.6% for the banking sector as a whole. Total assets of the
BOC group increased by 32.9% during 1988, to HK$299 billion. This represented 8.1% of the total assets of all authorized financial institutions in Hong Kong.
35.
As a step towards keeping up with international banking standards, the Hong Kong-Macau Regional office of the Bank of China group has recently announced that it was making plans for the implementation of the Basle's capital adequacy requirement in those sister banks which were incorporated in China. (Locally incorporated banks in the group are already required by the Banking Ordinance to comply with certain capital adequacy requirements. These will be adjusted to conform to the Basle framework.)
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33
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