Time to build a banking empire
Branches in Asia: 21 (excluding Japan)
Present in: 12 countries
Asian loan book: $17.7 billion
With assets of over $5 trillion, Japan’s banking system dwarfs that of the rest of Asia. But it is a sign of the country’s insularity and the problems of its banking sector that none of its banks is a major pan-Asian player. The one that comes closest may be Sanwa Bank, which owns stakes in several banks in south-east Asia, but Asia outside Japan contributes only about 3% to its total profits.
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