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Higher for longer interest rate environment continues to benefit banks’ profitability in 2024, KPMG report finds

  • Written by The Bulletin

Banks must stay ahead of technology development and climate risks to thrive in fast-changing

HONG KONG SAR - Media OutReach Newswire - 11 July 2024 - Banks in Hong Kong saw moderate balance sheet growth last year with notable increases in net interest margins (NIM) and operating profit amid higher interest rates.

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