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The Asia-Pacific Banking Sectors : A Company and Industry Analysis (September 2004)
Mergent, Sep 2004, Pages: 40
This report examines the banking industries in Australia, China and Hong Kong, India, Japan, South Korea and Taiwan
It discusses the current environment, profiles the industries and discusses key trends and the market outlook
Current Environment - Key Points
strenuous efforts in writing off bad loans and improving asset quality
- Card debts are putting a serious strain on South Korea's fi nancial system and could potentially prolong a slump in consumer spending
- Japan's banks are under intense pressure to sever loans to moribund companies and improve their capital assessment
- The Reserve Bank of India (RBI) has enforced tighter provisioning norms for banks- NPLs, to bring them in line with global standards
- The banking sector in Australia remained resilient during the six months to March 2004, against a backdrop of accelerating residential property prices and household debt
Industry Profi le - Key Points - The combined assets of the four largest banks in Japan totaled -427.07 trillion (US$3.9 trillion) in the year ended March 31, 2004, compared with -415.89 trillion (US$3.8 trillion) the previous year
- In South Korea, banks are emphasizing retail banking services and small and medium-sized enterprise (SME) banking
- Hong Kong banks are continuing to expand their consumer or personal banking, amid the low interest rate environment
- Banks in India are counting on housing loans, debit cards, credit cards and auto loans to boost profi tability
- China's central bank has tightened the reserve requirements for banks to guard against infl ation
Market Trends and Outlook - Key Points
- In Japan, banks are steadily reducing the numbers of employees and reorganizing their business in order to enhance competitiveness and secure profi tability
- The productivity and effi ciency of banks in Hong Kong is improving as a result of prudent cost control measures
- Electronic banking, such as ATMs, online bill payments, internet banking, phone banking and mobile banking, have become increasingly popular in recent years
- A slow but gradual recovery in the Asia-Pacifi c banking sector is expected to take hold in 2004, owing to improved market sentiment, the announcement of a number of policy initiatives and the notable progress of banks in resolving their NPLs
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