HONG KONG (Reuters) - Nine major banks in Hong Kong have agreed to adopt a number of measures to support small and medium enterprises in Hong Kong, the central bank said on Wednesday, as four months of anti-government protests start taking its toll on local businesses.
The banks will "proactively consider" allowing SME customers facing difficulties to extend or reschedule repayments, and will not change the terms of loans to the real estate sector even if landords offer retailers reduced rents, it said.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!