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Asian Banker 500 shows Asian banks’ assets grew twice as fast in 2011
Asia’s 500 largest banks’ total assets to reach $85.6 trillion in 2014, overtaking assets of top US and EU banks which are projected to grow to $82.3 trillion.

October 02, 2012 | Doron Foo

The Asian Banker 500 2012 (AB700) is an evaluation of the largest 500 banks in the Asia Pacific region for the financial year 2011 with an annual March cutoff. Over 500 banks were assessed in this year’s ranking. As economies in the Asia Pacific region continue to expand in 2011, albeit at a slower pace than last year, growth in the region’s banking sector remained resilient. Key performance indicators of the banking sector such as assets, loans, deposits and net profit grew over 15% last year. In particular, net profit growth remains staggering at 43% to $315.9 billion, albeit slower than 2010’s growth rate of 53%.

Banks in Asia Pacific region experienced more than double asset growth compared to their Western peers in 2011

Figure 1. Total banking assets and %YoY change of selected regions in 2011 ($,bn)

Banks in the Asia Pacific region saw a significant acceleration in asset growth in 2011. In comparison, asset sizes of the largest 500 banks in the US and Europe did not grow as fast. If the momentum holds, Asia Pacific region banks are likely to overtake their Western peers by 2014.

Key drivers of growth include:

1. Resilient performances of the region’s economies, driving total loan growth of 17% YoY;
2. Increasing private wealth and growth in the number of Asia HNWIs;
3. Continuing retrenchment of some Western banks from Asia and growing regional expansion by Asia-based banks.

Riding on China’s strong growth, North Asia recorded a surge in the number of banks making the AB500 list this year from 296 to 313. North Asia’s market share of assets grew from 79.4% in 2010 to 81.4% in 2011 mainly due to Chinese banks’ continued expansion. However, officially reported numbers may not give a complete picture of Chinese banks’ financial position as off-balance sheet items gr...

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Categories: Asian Banker 500, Basel III, China, Databook, Risk and Regulation, Singapore
Keywords: CAR, EU, US Assets, Off Balance Sheet, Standard Chartered Bank (Hong Kong), ICBC (Macau), DBS, Liquidity, Coverage Ratio, Liquidity Risk

 

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