Hang Seng Bank (00011.HK) will lower the Hong Kong dollar best annual interest rate from 5.625% to 5.375%, a decrease of 25 basis points; the bank will also lower the Hong Kong dollar savings deposit annual interest rate. For savings deposits with a balance of HKD 5,000 or more, the annual interest rate will be lowered from 0.625% to 0.375%, both to take effect next Monday.

Hang Seng Bank Executive Director and CEO Carrie Leung stated that the bank will continue to monitor external factors and market developments, adjusting interest rate levels in a timely manner. (vc/u)

~