Tuesday, May 10, 2016

ASEAN Banks

Risks

Indon - NIM is too high but sustained for 15 years
65% of CASA deposits with the 3 banks, very strong

Thailand - SME loan book risk
NPL ratio and debt servicing not so good

Sg - oil and gas, China exposure

Malaysia - dangerous, bad debts rising
NPL ratio and debt servicing is worst

Phils - ok

Saving grace: healthy Tier 1 ratio and loan loss reserves

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