Retail Banking Market Dynamics: Hong Kong 2018
Hong Kong’s real GDP growth rate rebounded to 3.8% in 2017, after a consistent decline over the previous three years. Growth in the Hong Kong economy in 2017 was supported by strong domestic demand as private consumption and investment spending rose. A growing employment rate, disposable income, and positive business sentiment helped boost banking demand.
The personal loan and retail deposits markets in Hong Kong reported strong growth during 2013-17, but are expected to decelerate going forward. The credit card market is expected to show moderate growth during 2018-22 as balances are expected to record a low compound annual growth rate of 2.9% over 2018-22, while the mortgage market is expected to decline slightly.
Hong Kong banks are the most profitable when compared with their peers in China and Singapore. Their operating efficiency is also higher. Among the top banks in the retail deposits market, HSBC lost the most market share over 2013-17. On the same time, Public Bank outperformed the top banks with the highest annual growth rate in personal loan balances in 2017.
The report Retail Banking Market Dynamics: Hong Kong 2018, identifies the macroeconomic and competitive dynamics that impact upon the Hong Kong retail banking market. It provides insight into -
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