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HKMA: Banks Grant $2.7B More Facility to SMEs in 4Q19
The Hong Kong Monetary Authority (HKMA) announced that the Banking Sector SME Lending Coordination Mechanism convened by it held the second meeting yesterday (20 January).The SME f...
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HKMA: Banks Grant $2.7B More Facility to SMEs in 4Q19
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2020/01/21 09:01
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The Hong Kong Monetary Authority (HKMA) announced that the Banking Sector SME Lending Coordination Mechanism convened by it held the second meeting yesterday (20 January).

The SME facility limits granted by the participating banks in the mechanism grew by $2.7 billion, or 0.6%, in the fourth quarter of 2019, according to the meeting.

Since mid-October 2019, the banks have approved more than 40 applications for restructuring the repayment schedule or extending the loan tenor, with an aggregate amount of over $1.5 billion.
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