Busiwire
Research and Markets: Quarterly Analysis of the South Korean Commercial Banking Industry
Friday April 3, 03:00 PM
Research and Markets (http://www.researchandmarkets.com/research/df3af3/south_korea_commer)
has announced the addition of the "South
Korea Commercial Banking Report Q1 2009" report to their offering.
South Korea Commercial Banking Report provides independent forecasts and
competitive intelligence on South Korea's commercial banking industry.
BMI is cutting its 2009 real GDP growth forecast from 3.0% to 1.5% on
the back of a sharper-thananticipated slowdown in exports amid
government efforts to resuscitate moribund domestic demand. We believe
strong fiscal stimulus and unprecedented monetary easing should help the
South Korean economy back on to its feet in H209, thus avoiding its
first year of negative growth since the Asian financial crisis in 1997.
Nevertheless, the risk of a prolonged economic slowdown should not be
overlooked.
We are of the view that its banking sector is in better health than it
was in during the Asian crisis, but still inherently vulnerable due to
its reliance on foreign-currency funding. We believe the upshot of the
dearth in the global credit market could be that the South Korean
government takes further banking assets on its balance sheet, an outcome
distinctly at odds with the government's intentions to privatise Korea
Development Bank (KDB), Woori Financial Group and other fully or partly
state-owned institutions. This report is being written at a time when
the global financial crisis, which arose as a result of the evaporation
of inter-bank liquidity, has moved into a new phase. Stock market
participants appear, reasonably, to have taken the view that the policy
responses taken by governments, central banks and multi-lateral
institutions will be sufficient to prevent a total collapse of the
global financial system. Instead, stock market participants are focusing
on the impact of a near-global recession on the earnings of
non-financial companies.
As yet, it has not been possible to collate hard numbers, for most of
the countries whose commercial banking sectors are surveyed by BMI, that
clearly quantify the impact of the global financial crisis on the banks.
As we explain in the section that discusses changes that we are making
to the report, we again include a lengthy essay which attempts to
identify the key issues. In essence, in the emerging markets - and,
indeed, the developed countries - of the Asia-Pacific, commercial banks
appear well placed to deal with the crisis. The same is, broadly, true
of commercial banks in the various countries of the Middle East and
North Africa. Latin America, Chile, Brazil, Mexico and Colombia appear
better placed than Argentina, Venezuela, Bolivia and Ecuador. South
Africa's situation appears to have much in common with that of Brazil.
In contrast, Nigeria faces some of the same challenges as those that
confront Venezuela. The positions of most countries in Central and
Eastern Europe, however, are alarming.
South Korea's overall CBBER is 75.9, one of the highest of countries in
the Asia-Pacific region surveyed by BMI, exceeded only by Australia,
Hong Kong and Singapore.
Key Topics Covered:
Executive Summary
Key Issues
Changes To The Commercial Banking Report
Commercial Banking Business Environment Rating
Bank Lending
Country Update
Industry Forecast Scenario
Banks' Bond Portfolios
Competitive Landscape And Protagonists
Methodology
For more information visit http://www.researchandmarkets.com/research/df3af3/south_korea_commer
Contact:Research and MarketsLaura Wood, Senior Manager, press@researchandmarkets.comU.S.
Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716
Next Article: Research and Markets: Thailand Commercial Banking Report Q1 2009 Forecast Coincides with the Lower Band of the Bank of Thailand (BOT)'S new 3.8-5.0% F
Previous article: Research and Markets: Examine Independent Forecasts and Competitive Intelligence on Taiwan's Commercial Banking Industry.
Top Headlines
Financial markets
Thursday April 9, 12:32 PM - Newstalk ZB
On the markets, the NZX50 is down five points to 2,564. .. Read More
Value of electronic card transactions falls in March
Thursday April 9, 12:16 PM - NZPA
Total electronic card transactions fell a seasonally adjusted 0.5 percent in March from February. .. Read More
NZ guest nights fall in February from year earlier
Thursday April 9, 11:32 AM - NZPA
The tourist industry took another hard knock in February when the number of guest nights in short term commercial accommodati .. Read More
Calculators
Copyright © 2009 Yahoo! All rights reserved.
Yahoo!Xtra: A Yahoo!7/Telecom New Zealand Company.