Asian banks set to turn expectations into reality in 2006

Rating agency says banks are likely to meet its expectations of improving credit profiles.
In 2006, banks across the Asia-Pacific region are likely to meet Standard Poor's expectations on improving credit profiles. These expectations have already been factored into many regional bank ratings and led to the raising of bank ratings 85 times in 2005. As a result of these rating actions, the outlook on most banks in the region is stable.

Good economic conditions and internal reform efforts over the past two years have laid solid foundations for banks in some of the weaker banking systems of the region to continue to reform themselves in 2006. The Chinese banking system made a strong showing in 2005 on the back of strong government support and a high growth economy,...
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