Friday, April 14, 2017

Domestic banks following the Asian financial belt axis 'Indonesia'



[Korea sinyuncheol financial newspaper reporter] Indonesia has emerged as a celebration of the Asian financial belt of domestic banks. In the meantime, local banks are the most balls in Asia was Vietnam. Piggyback preceded the Korean popular personalized service recorded a high growth rate. Typically, Shinhan Bank is enough to reap a profit of about $ 40 billion a year in Vietnam.

Domestic banks are operating in Indonesia have pointed to the following axis of ohreuja financial belt in orbit and to some extent focused sales force in Vietnam.

◇ 1, New 30% growth over

Last year, overseas branches of domestic banks operating in Indonesia has recorded the highest net profit growth rate of 31.7% compared to the previous year. FSS look at the released data last 14 days overseas branch net profit of domestic banks in 2016 was 650 million US dollars in the previous year (570 million US dollars), compared to 90 million US dollars increased among Indonesia, followed by Vietnam, two in asset growth above, net income increased scores second only to Hong Kong. Localization indicators are also first-class.

Hong Kong's rise is substantially the top right of the net profit growth rate of overseas regions in Indonesia Excluding one-offs thanks to Feist Hong Kong Finance Center, disposal gains of KEB, Hana Bank. In addition, because the Hong Kong store assets is 12.35 billion US dollars to more than 2.5 times the store assets in Indonesia (4.75 billion US dollars) more in Indonesia remarkable growth.

Were among the overseas branches of domestic banks that Hong Kong stores posted the highest net profit, net profit year-on-year growth rate was also the highest record of 36.3%.

In terms of region it has recorded a net profit of the Hong Kong store 152.9 million US dollars, followed by the US (75.5 million US dollars), Indonesia (74.3 million US dollars), Japan (64.2 million US dollars), Britain (47.7 million US dollars), Vietnam (4730 million), Singapore (46.3 million US dollars) recorded a higher net income in China (22.7 million US dollars) net.

While in Indonesia, a net profit of stores over 2013 36.1 million US dollars increased by nearly doubled in three years entered Indonesian domestic banks are also being expanded. Were Shinhan Bank and Woori Bank, Shinhan Bank Indonesia launched each bank and our bank La Soda, KEB, Hana Bank has also established a bank KEB Indonesia. In recent years, IBK Industrial Bank is pushing the local bank acquisitions to enter Indonesia.

Indonesia region emerging as a new revenue windows but leaving the bank net profit of existing key Asian markets of China and Vietnam fell. In the case of China, the last area in 2013 44.2 million US dollars, the net profit was increased to 105.7 million US dollars in 2014 fell to 22.7 million US dollars last year. Vietnam was also a decline in net income dalhadeon 72.3 million US dollars in 2015 to 47.3 million US dollars last year.

◇ Union Bank Chairman also Indonesia travel

Hayounggu Union Bank President also went to Indonesia visit. Since last 11 to 12 visit to Indonesia as part global cooperation projects. And President signed a scholarship MOU in the period Jakarta Peroni Yerba Nasu University and 1 billion won to attend the forum to share bilateral finance industry experience, did.

It also signed MOU provides for a free hand, association and establish cooperation channels in Indonesia Bank Association to take advantage of the financial web drama 'The Thing MONEY' to youth financial education materials.

And the president is here to visit the Financial Services Authority and discuss the local advance when difficulties in the domestic financial companies, opening the domestic financial company representatives invited to meetings operating in Indonesia, a local banker invited to meetings and Indonesia may bar you find ways cooperation the two banks Exchange . Domestic banks' expansion in Indonesia is expected to continue.



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