| Abstract | The Hong Kong banking sector managed to retain a steady growth of deposits, loans and advances and a remarkable growth of profit. That has been achieved by its timely actions in coping with changes which included cost-cutting and productivity-enhancement, and also other factors such as improved interest margins. Banking profit in 1996 is expected to grow around 12%. Banks which are able to control costs, expand non-interest earning business, keep a low bad debt ratio will enjoy more advantages in market competition. |
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