In both Asia and Australasia—collectively known as the Asia-Pacific—economic growth is slowing. In turn, the region’s banks are now having to settle for thinning margins, moderately declining profitability and increasing competition, originating from the burgeoning fintech sector in particular.
The best banking institutions in retail, commercial, private and investment banking are highlighted along with the two outstanding CEOs from their regions.
Over the past 12 months, the US banking industry has been in the doldrums. The turn of the year quashed hopes of a
2015 is proving to be a year of steady accumulation for the majority of Western Europe’s banking sectors.
Since the Global Financial Crisis, Asian banks have strengthened their position beyond expectation. Initially, fears began to mount that European banks would scale back operations in the region which would subsequently lead to a scarcity in trade finance – a problem that would be compounded by
The best banking institutions in retail, commercial, private and investment banking are highlighted along with the two outstanding CEOs from their regions.
2014 saw a substantial recovery in the US economy as the Federal Reserve’s programme of quantitative easing came to fruition. The North American banking market has seen an improvement in activity as the labour market has picked up across the region.
he Eurozone has experienced a moderate level of recovery since the spring of 2013. The challenges faced by financial-services and…
The banking sector across Asia has weathered the storm far better than Western economies. By learning from the lessons of the Asian financial crisis of 1997, the banking sector of the East has re-built its foundation on a stable platform that not only held its own through the 2007 global crisis but is also poised for further rapid growth over the next few years.
Nowhere on the planet has the same amount of potential for growth as Africa. Penetration, in terms of banking for the continents’ one billion inhabitants is varied, not only from country to country but also city-to-city. Countries like Somalia, Sudan, and Tanzania have virtually no access to banks, while other countries like South Africa offer world-class facilities in its main cities while 67% of the population is still unbanked.