The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.
BANKING

Surviving the Asian typhoon

The tough route to quality

Poland picks a popular private path

Investec's 60-fold leap in value

Mashreq's Gulf War remedy

Ghana's fleet-footed operator


The Chinese year of the ox, which came to an end last month, was full of shocks and surprises for Asia's banking world. The big shock was the 50% profit decline for the state-owned Bank of China, previously regarded as one of mainland China's most solid institutions. The big surprise was Shanghai Commercial & Savings Bank (SCSB) and its showing as the top performer in Euromoney's new emerging-market bank (Emba) rating, published for the first time last September. This medium-sized, privately owned commercial bank was almost unknown outside Taiwan.

The downturn at the Bank of China is being interpreted as a warning that China may not be immune from the economic pressures that have overtaken the rest of Asia. The outstanding results at SCSB are being seen as additional evidence that Taiwan has the resilience to weather the current Asian typhoon.

Incorporated in Shanghai in 1915 and re-opened in Taiwan in 1965, SCSB has total assets of NT$258 billion ($7.6


You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree