Asia CFOs forecast strong earnings growth

Steven Victorin, head of Asia Pacific corporate banking and global international subsidiary banking at Bank of America Merrill Lynch, discusses the context of the bank's annual CFO survey.

Key findings of the Bank of America Merrill Lynch 2013 CFO Outlook Asia report, which surveyed 600 CFOs and senior finance executives in the region

  • 71% and 62% of CFOs expect growth in their company’s revenues and profits, respectively, in 2013 compared with 2012.
  • 81% and 72% of CFOs forecast growth in revenues and profits, respectively, in Southeast Asia in 2013 compared with 2012.
  • CFOs in the region intend to maintain or increase borrowing 73%, and financing will be used for capital expenditure 23% and to raise working capital 17%...
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