The Asian Banker 500 Strongest Banks 2019 Briefing: Stronger Headwinds Ahead
28 November 2019 | 3:00 - 3:30pm SGT
The Asian Banker 500 (AB 500) 2019 is an annual evaluation of the 500 largest banks in the Asia Pacific region for the financial year 2018. This year’s evaluation covers the 500 largest banks, from 20 countries and territories, with a combined $58.4 trillion in assets, $30.4 trillion in net loans, $40.5 trillion in deposits and $416 billion in net profit. The ranking is based on a very detailed and transparent scorecard that evaluates banks on six areas of balance sheet financial performance: the ability to scale, balance sheet growth, risk profile, profitability, asset quality and liquidity.
Banks in Hong Kong and Singapore remained the strongest in this year’s The Asian Banker Strongest Banks evaluation. Hong Kong banks achieved a high strength score in all areas, except balance sheet growth. Their average score in the area of profitability is the highest in the region, as they benefited from improved net interest margin in 2018.
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 digital players. Nonetheless, the banks in the region have been continuing their digital transformation and reshaping the business models to boost competitiveness.
- The annual Strongest Bank ranking
- An overview of the Asia-Pacific Banking sector
- The challenges faced by banks in their digital transformation journey
Foo Boon Ping manages The Asian Banker publication business and engages practitioners, customers, partners and the media on critical issues that impact the industry. He has more than 19 years of experience in the banking and financial services industry, specializing in strategic branding, marketing communications and consumer insight. Prior to The Asian Banker, he was at United Overseas Bank (UOB), covering Singapore and key markets in the region, such as China, Indonesia, Malaysia and Thailand.