Rising rents see banks reluctant to offer safe deposit boxes

People looking to securely store their favourite family heirloom or marriage certificate are finding it increasingly hard to rent safe deposit boxes in the city as the rising cost of real estate makes banks reluctant to expand the service.

A banker, who declined to be named, said banks did not want to install more safe deposit boxes as it was not a profitable business.

via Business feed http://www.scmp.com/business/banking-finance/article/1038682/rising-rents-see-banks-reluctant-offer-safe-deposit-boxes