BOC Hong Kong atop mortgage lending perch

Business | 2 Sep 2019 5:53 pm

BOC Hong Kong (2388) successfully maintained its lead in the local mortgage lending market in August with 191 more deals than The Hongkong and Shanghai Banking Corporation, while the latter still has the most transactions this year.

BOC Hong Kong recorded 2,577  mortgage lending transactions in August, representing 23.5 percent market share, while HSBC had 21.7 percent market share with 2,386 transactions, according to mReferral Mortgage Brokerage Services.

However, HSBC registered accumulative 16,649 transactions in the first eight months, 1,423 deals more than BOC Hong Kong's 15,226 mortgage transactions.

The most sensitive overnight Hibor climbed by 47 basis points from Friday to a two-week high at 1.7821 percent.

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