As the real economy suffers under COVID-19, it will be increasingly difficult for private banks in Hong Kong to sustain revenue growth in 2020, and the room to cut costs is limited. According to Adapting to a New Reality — Hong Kong Banking Report 2020 released by KPMG on Tuesday, the city’s banking sector grew in 2019. Total assets of all…
PBs face pressure in revenue growth in 2020 with limited room to cut cost: KPMG
17 June 2020

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