Printer Friendly

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

(C)2020 M2 COMMUNICATIONS http://www.m2.com

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.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Comments on this story may be sent to info@m2.com))

COPYRIGHT 2020 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2020 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 EquityBites (EQB)
Geographic Code:9HONG
Date:Jan 13, 2020
Words:116
Previous Article:Sri Lankan central bank to establish credit guarantee scheme for banks.
Next Article:PayU to create Indian digital lending platform.
Topics:

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters