Friday, 19 April 2024
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Issue No 165
Stronger headwinds ahead
As Chinese banks continue to dominate the list of largest banks, others in Asia Pacific face mounting pressure to sustain performance. The slowing economic growth and the ongoing US-China trade tension are posing a risk for Asia Pacific banking sector. Banks are also facing fiercer competition from new comers. Nonetheless, the banks in the region have been continuing their digital transformation and reshaping the business models to boost competitiveness.
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