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
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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)|
|Date:||Jan 13, 2020|
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