Chart 1
25,000
20,000
HK$ Billion
4
Financial and Monetary Affairs
External Positions of Als
22,439
20,888
18,779
15,000
17,511
16,662
10,000
5,000
0
2014
2015
2016
2017
2018
Year
The city has one of the world's highest concentrations of banking institutions. As at end-2018, there were 152 LBs, 18 RLBS and 16 DTCs. These 186 Als maintained a network of 1,285 local branches. There were also 48 representative offices of banks incorporated outside Hong Kong.
Total deposits and total loans and advances of Als amounted to $13,386.4 billion and $9,722.6 billion respectively, marking increases of 5 per cent and 4.4 per cent from a year earlier. Total assets rose 5.9 per cent to $24,042.7 billion.
Statistics on Als
2016
2017
2018
Als
195
191
186
Of which:
LBS
156
155
152
RLBS
22
19
18
DTCs
17
17
16
Local branches of Als
1,289
1,261
1,285
Total deposits ($ billion)
11,727.3
12,752.5
13,386.4
Total loans and advances ($ billion)
8,023.4
9.313.7
9,722.6
Total assets ($ billion)
20,652.3
22,696.7
24,042.7
Hong Kong maintains a robust deposit protection regime which underpins the stability of the banking system. The Deposit Protection Scheme protects eligible deposits held with banks in Hong Kong by guaranteeing compensation up to $500,000, thereby ensuring the confidence of depositors in the banking system.
The HKMA stays vigilant to developments in the property mortgage business of Als. It has introduced eight rounds of countercyclical macroprudential measures since 2009 to strengthen the risk management of Als' mortgage lending business.
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