Making hay while the sun dont shine

Bank of America is having the best year it has ever had in Asia. We talk to Colm McCarthy, President, Asia to hear how they are doing it.

How has your year been so far

The year has gone very nicely for us so far. All the restructuring we put in place last year has meant this year has been all about growth. This is a nice position to be in compared to the rest of the market. We have had the luxury of declaring restructuring over and so 95% of our effort has been to get out there and move on. We are now running a return on equity ROE in the last two quarters of 28%-29%. We have grown client revenues year on year by about 23%. The fourth quarter looks like continuing that trend.

Why are you doing so well...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222