The Hong Kong Mortgage Corporation Limited (HKMC) today (Wednesday) announced the highlights of its business performance in 2011 as follows:
Outlook for 2012
In light of the market uncertainties in 2012, the HKMC will remain vigilant and operate its business in Hong Kong to meet its core objectives on the basis of prudent commercial principles. Market volatility, coupled with the rising loan to deposit ratio, could lead to liquidity shortage and some banks would have the appetite to dispose of some assets in return for liquidity. The HKMC will maintain close dialogues with banks to meet their needs.
At the same time, the HKMC will continue to build up its experience in operating the SME Financing Guarantee Scheme and review from time to time against the objective to help SMEs obtain bank financing. The HKMC will actively promote and enhance awareness of the Reverse Mortgage Programme so that the elderly in Hong Kong would have one more financial planning tool to enhance the quality of life.
The Hong Kong Mortgage Corporation Limited
11 January 2012