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Headline: Bank clean-up slows Source: Euromoney Date: February 2001 Author: Andrew Newby Asia’s clean-up of its banking mess is losing momentum. There is recognition of what needs to be done but getting there is proving difficult. The crisis atmosphere has abated and economic recovery will pull the banks along with it. But failure to deal with bad debts will hold countries back. Equitable PCI Bank (48) is the joint highest climber in the Asia-Pacific Top 100 banks following the merger of Equitable Banking Corporation, with its focus on the region’s Chinese population, and Philippine Commercial International Bank, which lends more to the corporate and ethnic Filipino market. |
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