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Asia-Pacific (APAC) Regional Retail Banking Analysis by Country, Consumer Credit, Retail Deposits and Residential Mortgages, 2023

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    Report

  • 37 Pages
  • June 2023
  • Region: Asia Pacific
  • GlobalData
  • ID: 5849283
This report analyzes the Asia-Pacific retail banking sector from a comparative perspective, highlighting key similarities and differences across markets within the region. The largest banks in each market are discussed alongside macroeconomic forecasts, giving a feel for the composition of a given country's economy and retail banking sector. The report also examines product holding across key banking, insurance, and investment products.

Inflation rates across the region are expected to level off post-COVID-19, although food and oil prices are set to remain high as the Russia/Ukraine conflict affects India and other major exporters. India has the highest unemployment rate in the region due to its large informal workforce, although unemployment rates are set to decrease across the region. The exception is Australia, which continues to struggle with long-term unemployment. New Zealand has the highest retail deposit and residential mortgage market concentrations due to stringent entry requirements and consumers' strong relationships with the top five banks. Meanwhile, Singapore is seeing the largest increases in its cost/income ratio and average return on assets, highlighting that its markets are efficient and profitable. In turn, this means the city-state is a good place to invest in for banks.

Scope

  • GDPs across the region are set to continue growing, with nations such as India, Vietnam, and the Philippines experiencing the fastest growth. There is notable GDP variation across the region, with China having a significantly higher GDP than New Zealand
  • The development of emerging economies such as Indonesia, Thailand, Malaysia, Vietnam, and the Philippines will inevitably expand the region's competitive landscape
  • India and Vietnam have the highest proportion of customers using mobile and online banking channels. Emerging economies are becoming more technologically advanced, which provides opportunities for fintech companies and digital-only banks

Reasons to Buy

  • Keep up to date with the macroeconomic trends impacting the retail banking sector in Asia-Pacific
  • Understand where the best opportunities exist by comparing countries based on factors ranging from average net interest margin to market concentration
  • Develop an understanding of the differences between consumer research methods, average tenure, and channel usage across different Asia-Pacific countries.

Table of Contents

  • Executive Summary
  • Key Data Points
  • Macroeconomic Outlook
  • GDP by country
  • Inflation rate by country
  • Unemployment rate by country
  • Cross-Country Comparisons
  • Retail Deposits and Residential Mortgages
  • Market concentration
  • Retail deposits balances
  • Residential mortgage balances outstanding
  • Consumer Credit
  • Credit card balances outstanding
  • Personal loans balances outstanding
  • Consumer Survey Data
  • Channel usage by country
  • Average customer tenure by country
  • Customer research methods by country
  • Investment product ownership by country
  • Current account product ownership by country
  • Credit product ownership by country
  • Insurance product ownership by country
  • Appendix

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Westpac
  • NAB
  • ANZ
  • ING Bank
  • DBS
  • UOB
  • OCBC
  • Standard Chartered
  • HSBC
  • Bank of Taiwan
  • Taiwan Cooperative Bank
  • Japan Post Bank
  • Shinkin banks (cooperative regional financial institutions)
  • The Norinchukin Bank
  • Mitsubishi UFJ Financial Group
  • China Construction Bank
  • Postal Savings Bank of China
  • Bank of China
  • HDFC
  • Maybank
  • Hong Leong Bank
  • CIMB
  • RHB