HKMA asks Hong Kong’s banks to assist victims of apartment fire
Lenders requested to offer liquidity, repayment flexibility and replace documents for those affected
Hong Kong’s de facto central bank has asked the city’s banking industry to provide support to those affected by a fire at an apartment complex that has killed at least 128 people, with scores more left unaccounted for.
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks issued a joint statement on November 27 outlining measures lenders could take to assist those affected. The HKMA and the banking association expressed “profound grief” over the fire and extended their
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