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The Asia-Pacific Banking Sectors : A Company and Industry Analysis (March 2004)
Mergent, March 2004, Pages: 40
Current Environment - Key Points
- Banks in Hong Kong, Japan and Taiwan witnessed a fall in non-performing loans (NPLs) ratios, due to strenuous efforts in writing off bad loans and improving asset quality
- South Korea's massive credit card and household debt is putting a serious strain on the country's financial system and could potentially prolong a slump in consumer spending
- Local and foreign currency loans of all financial institutions in China hit 16.85 trillion yuan (US$2.04 trillion) at end-November 2003, up 23.1% from a year before, while new loans jumped 30% year-on-year to 2,867.9 billion yuan (US$346.50 billion) in January-November 2003
- Japan is making progress in overhauling its ailing banking sector, while a growing economy has led to fewer loan defaults and corporate bankruptcies
- Total NPLs at Japanese banks dropped to 7.4% of all lending by March 2003, down from 8.4% a year earlier
Industry Profile - Key Points
- Combined assets of the four largest banks in Japan totaled -423.21 trillion (US$4.00 trillion) in the first-half ended September 30, 2003, slightly down from -426.92 trillion (US$4.03 trillion) a year ago
- Since August 2003, banks in Hong Kong have implemented a credit data sharing scheme, whereby banks enter customer information into a common credit reference database that is open to inspection by all lenders
- In South Korea, banks are emphasizing retail banking services and small and medium-sized enterprise (SME) banking
- Retail lending is hogging the spotlight in India's banking sector and is forecast to grow at 30-40% for the next few years, buoyed by a sharp decline in interest rates and by India's burgeoning middle class
Market Trends and Outlook - Key Points
- Asia-Pacific banks are increasingly looking to IT to provide more efficient, secure and stable transaction systems, especially in foreign currency dealings and settlements
- China, Asia's second-largest and fastest growing economy, will be the scene of intense activity in the next few years
The liberalization of the Chinese banking sector has led many Asia-Pacific banks to seek licenses to operate in China
- A slow but gradual recovery in Asia-Pacific's banking sector is expected to take hold in 2004, owing to improved market sentiment, the announcement of a number of policy initiatives and the signing of the Closer Economic Partnership Agreement (CEPA) between Hong Kong and China
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