Banks’ APAC retail banking income expected to reach $850b by 2020
China and Japan account for over 50% of income generated by retail banking arms of financial institutions in the Asia-Pacific region.
Retail banks across the Asia-Pacific region have further room to grow as they increasingly make use of social media and online platforms to reach remote areas with large and scattered customer pools. However, the burden of recent regulatory constraints could hamper banks in terms of deposit collection and loan extension. Ultimately, we believe that banks will be able to increase their respective retail income while maintaining healthy balance sheets and abiding by heightened regulatory pressure.
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Categories: Asia Pacific
, Retail Banking
, Wealth Management
Keywords: Retail Income