Despite the global credit crunch, Asia managed a very creditable economic growth of 9.1% in 2007 and, although expansion is expected to ease, the continent is still likely to maintain robust growth in 2008 and 2009 of 7.5% or more, according to a recent IMF report.
With China achieving 11.4% growth and India 9.2% in 2007 the Asian banking sector continued to grow strongly, accounting for an increasing slice of the global banking market.
