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PBs face pressure in revenue growth in 2020 with limited room to cut cost: KPMG

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…

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