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Hong Kong's ZA Bank offering introductory offers for deposits.

M2 EQUITYBITES-January 13, 2020--Hong Kong's ZA Bank offering introductory offers for deposits


Global Banking News - 13 January 2020

Hong Kong-based ZA Bank is offering introductory interest offers for deposits.

The bank is now offering a 6 percent rate for three-month Hong Kong dollar deposits capped at HKD200,000. Through the move, the firm is paying a select group of customers 3 percent more than peers such as HSBC Holdings (LSE: HSBA) are offering.

Analysts believe that the move will increase competition in the market.

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Publication:M2 EquityBites (EQB)
Geographic Code:9HONG
Date:Jan 13, 2020
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