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HK Banks Reportedly Boost Hiring to Pare back Up to HKD200B in Bad Debts
Special assets bankers in Hong Kong are paring back up to HKD200 billion in bad debts, which have pushed the city's non-performing loan (NPL) ratio to a 20-year high, according...
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HK Banks Reportedly Boost Hiring to Pare back Up to HKD200B in Bad Debts
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Special assets bankers in Hong Kong are paring back up to HKD200 billion in bad debts, which have pushed the city's non-performing loan (NPL) ratio to a 20-year high, according to a Bloomberg report.

These bankers are increasingly resorting to last measures, forcing borrowers to sell collateral or undergo liquidation, sources divulged. These loans are typically linked to losses in Hong Kong's commercial real estate sector.

Related News CICC: Bullish on CN Home Sector on Improving Fundamentals and Policy Tailwinds
As the local economy rebounds, banks hope to cut bad debts in order to free up capital for new lending, sources divulged. At least six banks in Hong Kong have increased headcount for special assets bankers.

Among them, BANK OF E ASIA (00023.HK)  0.000 (0.000%)    Short selling $515.59K; Ratio 7.194%   and the Hong Kong branch of United Overseas Bank have nearly doubled such staffing since 2024, while BOC HONG KONG (02388.HK)  0.000 (0.000%)    Short selling $144.73M; Ratio 23.349%   and Hang Seng Bank have also expanded related teams.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-06-02 16:25.)

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