Asia’s banks in good health (for now), says S&P

A Standard & Poor’s report says Asia’s banking outlook is stable, despite broad challenges.
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China Merchats Bank is one of just three banks in Asia with a positive outlook (ImagineChina)
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<div style="text-align: left;"> China Merchats Bank is one of just three banks in Asia with a positive outlook (ImagineChina) </div>

Asia’s banking industry has weathered the financial crisis in good shape, so far, according to an industry report card published by Standard Poor’s this week.

The rating agency has a stable outlook on 37 of the region’s 40 biggest banks and a positive outlook on the other three a much healthier situation than in the US, where a third of banks are on negative watch. But Asia’s banks are also facing challenges of their own.

“We do not see smooth sailing for banks in Asia-Pacific, although they have navigated well so far,” said Ryan Tsang, a credit analyst in SP’s financial services ratings group, during...

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