Asiamoney Issue One 2019

Asiamoney Issue One 2019

Pakistan tries to break the IMF habit

Pakistan is a bailout addict, having spent 22 of the last 30 years in the fund’s intensive care, but can Imran Khan’s new government break that dependency? His finance minister says he has the cure.

On the cover

Bank of China aims big in little Sri Lanka

Bank of China aims big in little Sri Lanka

BoC has only just opened its first Sri Lankan branch, but already it wants to be the biggest foreign player in the market. In an exclusive interview, Asiamoney sits down with the lender’s senior local bankers to discuss its goals and ambitions.

India's fintech needs to break free

The country’s fintech sector has enormous potential, but it is being hobbled by a host of factors, from inconsistent regulations to a damaging credit crunch affecting local non-bank finance companies.

Editor's letter

HKMA needs a new boss: expect an inside job

HKMA needs a new boss: expect an inside job

The Hong Kong Monetary Authority (HKMA) is looking for a new chief executive to replace Norman Chan later this year, but if history is any guide, don’t expect it to look very far.

Review

Surveys and awards

Asia Pacific

The Middle East’s Best Banks for Asia 2019

Asia’s importance in global trade, helped by China’s ideas, innovation and growth and allied to the Middle East’s drive to improve living standards and diversify should profit every regional bank.

Bangladesh

Bangladesh: The City Bank goes all-in on digital

Bangladesh: The City Bank goes all-in on digital

A new chief executive is busy rolling out a bold strategy to make it the country’s biggest lender, with the help of some of the savviest names in the business – bKash, Grameenphone and China’s Ant Financial Services.

India

PE changes the face of corporate India

PE changes the face of corporate India

Private equity was once a peripheral pursuit in the country – no longer. With many of India’s big companies deep in debt, immersed in bankruptcy proceedings or cut off from bank funding – or all of the above – buyout firms are rushing to fill the void.

India banking: Data show RBL the way

RBL Bank has been transformed over the last decade, from parochial local lender to a second-tier bank with genuine national scale. Its investment in digital and data analytics, and its focus on financial inclusion, suggests it isn’t finished yet.

Myanmar

Myanmar: Loh presses refresh at UAB

Myanmar: Loh presses refresh at UAB

The new chief executive was hired to modernize Myanmar’s struggling United Amara Bank – in a year, he has got rid of the old guard and fired up the business.

Pakistan

Sri Lanka

Sri Lanka dawdles in digital

Sri Lanka dawdles in digital

Its local banks have invested heavily in technology, but many customers still prefer the old-fashioned ways: paper ledgers and physical tellers. And while the country’s fintech industry is filled with promise, it remains stuck in first gear.