This report updates the previous Asia-Pacific banking report, focusing on the markets in Australia, China and Hong Kong, India, Japan, South Korea and Taiwan
Current Environment - Key Points
- Subprime mortgage-related losses in Asia were minimal and manageable throughout 2007 due to ample cash in the region-s banking systems and the limited exposure to the US market. - Asian bank stocks finished on a positive note between April and October 2007 although plunged in August as the US mortgage crisis rippled across the globe
- The FTSE Hang Seng Asian Banks Index rose from 10,573.98 points on April 30 to 12,367.53 points on October 30, 2007
- Over the last six-month period ended October 2007, the major players in the Asia-Pacific banking industry reported mixed financial results
- China, once beleaguered with under-capitalized state-owned banks, continued to emerge as the most popular locations for banking M&A and alliances, followed by South Korea and Taiwan
Industry Profile - Key Points
- Since the Asian financial crisis of 1997-1998, stronger banks have combined to form giants while weaker and smaller ones have merged or gone out of business. - Asian banks are getting more global and seeking new growth with lucrative business opportunities such as wealth management growing quickly. - Banks are diversifying their earnings bases and capitalizing on new opportunities in the international marketplace in this tougher environment where revenue is harder to come by
- Governments and regulatory authorities in Asia are making even greater efforts to tackle the money laundering threat effectively. Market Trends and Outlook - Key Points
- Many consumers, especially those with low incomes, are starting to feel the pinch of high bank fees
- Banks worldwide are jostling to grab a bigger slice of the Asian banking markets which offer increasingly lucrative opportunities
- Banks in the region are i
This entry was posted
on Friday, October 3rd, 2008 at 11:32 am and is filed under General Banking.
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You can leave a response, or trackback from your own site.
This report updates the previous Asia-Pacific banking report, focusing on the markets in Australia, China and Hong Kong, India, Japan, South Korea and Taiwan
Current Environment - Key Points
- Subprime mortgage-related losses in Asia were minimal and manageable throughout 2007 due to ample cash in the region-s banking systems and the limited exposure to the US market. - Asian bank stocks finished on a positive note between April and October 2007 although plunged in August as the US mortgage crisis rippled across the globe
- The FTSE Hang Seng Asian Banks Index rose from 10,573.98 points on April 30 to 12,367.53 points on October 30, 2007
- Over the last six-month period ended October 2007, the major players in the Asia-Pacific banking industry reported mixed financial results
- China, once beleaguered with under-capitalized state-owned banks, continued to emerge as the most popular locations for banking M&A and alliances, followed by South Korea and Taiwan
Industry Profile - Key Points
- Since the Asian financial crisis of 1997-1998, stronger banks have combined to form giants while weaker and smaller ones have merged or gone out of business. - Asian banks are getting more global and seeking new growth with lucrative business opportunities such as wealth management growing quickly. - Banks are diversifying their earnings bases and capitalizing on new opportunities in the international marketplace in this tougher environment where revenue is harder to come by
- Governments and regulatory authorities in Asia are making even greater efforts to tackle the money laundering threat effectively. Market Trends and Outlook - Key Points
- Many consumers, especially those with low incomes, are starting to feel the pinch of high bank fees
- Banks worldwide are jostling to grab a bigger slice of the Asian banking markets which offer increasingly lucrative opportunities
- Banks in the region are i
This entry was posted
on Friday, October 3rd, 2008 at 11:32 am and is filed under General Banking.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.