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Asian growth comes from all quarters

On first glance, the Asia-Pacific top 25 excluding China and Japan has a familiar look to it, with Australian banks dominating. However, closer examination shows growth stories from across the whole region.
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Top 25: Asia-Pacific, Excluding China and Japan, Highest movers: Asia-Pacific; New entrants: Asia-Pacific; Top five ROC: Asia-Pacific

The most notable change in the pattern of the rankings this year for the Asia-Pacific region (excluding China and Japan) is in the highest movers table. This year, a bank from the Philippines – BDO Unibank – tops the table with a Tier 1 capital increase of 85.94% to $3.41bn.

Last year it was Indonesia that made its mark on the highest movers table for the Asia-Pacific with three entries. This year there are no Indonesian banks in the highest movers chart, and it is not just south-east Asia that dominates, as there is a mix from across the region, with Taiwan, Vietnam, India, Malaysia, South Korea and Thailand all represented.

For the main Asia-Pacific rankings, the pattern is very much the same as last year: Australia takes the top positions while South Korea maintains its strong presence. Although the big four Australian banks are in a cluster at the top of these regional rankings, they have been jostling for position among themselves. National Australia Bank maintains its lead position in Asia-Pacific (excluding China and Japan) and also keeps the same global ranking – 38th – as last year.

ANZ Banking Group has performed well over the past year and has moved up from being third in the region to second regionally. It also improved its global ranking slightly, moving from 42nd to 40th, with a Tier 1 capital increase from 2012’s $29.95bn to $33.81bn. Westpac moved up from fourth to third in the regional table, with Commonwealth Banking Group falling from second place to fourth. It also tumbled down the global ranking, from 41st place to 45th.

This year there are seven South Korean banks in the Top 25 banks from Asia-Pacific, one less than last year. Korea Exchange Bank has dropped out of the rankings because it has been acquired by Hana Financial. The acquisition boosts Hana’s position, however, moving it up from a global ranking of 101st last year to 81st in 2013. The Tier 1 capital increase of 46.04% to $15.67bn also places the bank in the regional highest movers table.

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