The return to economic growth for many countries across Asia has resulted in strong performances for banks within the Association of Southeast Asian Nations (Asean).
Singapore’s banks continue to dominate, taking the top three places in The Banker’s Top 30 Asean Banks ranking. Overall, there is little change in the top 15 ranking from last year, with all banks retaining the same position except for Bank Mandiri and Bangkok Bank, which rise one place to sixth and seventh, respectively, pushing Bank Central Asia (BCA) down to eighth place from sixth. Bank Rakyat Indonesia (BRI) held on to its fourth place, despite seeing a 6.69% drop in Tier 1 capital.
