Hong Kong banks' loan-to-deposit ratios remain elevated

Foreign currency LDR remained high at 53.1%, on the back of US$- and CNH-denominated loan demand, says Barclays.

According to Barclays analyst Sharnie Wong, both system total LDR and HK$ LDR was stable at 67.7% and 82.4%, respectively. "HK$ deposit rates remain elevated (80bps for 3M HK$ time deposit on average, ranging up to 150bps) based on our channel checks," she added.