Asia's banks

Asia's banking industry poised for growth

Asia's banks have plenty of room for growth — once they overcome the challenge of finding the right expansion strategy, says Accenture.

Asia’s banking industry has plenty of room for growth thanks to the region’s resilience through the global financial crisis, which has helped increase capital inflows and trade activity. The challenge for banks aiming to capitalise on this growth lies in identifying the right strategy.

The scale of the opportunity is evident from a comparison of economic growth rates and bank branch penetration, as Accenture revealed at a media roundtable yesterday. China, India and Indonesia have the highest expected GDP growth 9.2%, 8.1% and 6.7%, respectively, from 2011 to 2015, combined with low bank penetration around 14, 10 and 7 branches per 100,000 people, compared to 45 per 100,000 in...

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