How the French plan to conquer Asia

Article Abstract:

French banks are entering the Asian market despite the financial crisis engulfing the region due to flatness in their domestic market. French banks are enticed by the promise of high returns in the Asian market despite the plunge in Asian currency markets and stockmarkets. The French banks boosting their Asian presence include Banque Paribas, which acquired Asia Equity, and Banque Nationale de Paris, which acquired PrimeEast. Others include Banque Indosuez, Credit Lyonnais and Societe Generale.

Officials and employees, Foreign operations, Financial services industry, Financial services, Cover Story, Asia, Credit Lyonnais

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Roaming far and wide

Article Abstract:

Singaporean banks have responded to a home banking market characterized by low spreads, strong competition, and rising costs by consolidating, bolstering their capital bases, and pursuing foreign markets. Business remains strong in Singapore, however. Association of Singapore Banks chairman Wong Nang Jang noted that Singaporean banks fundamental businesses are unchanged.

Singapore

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Keeping their heads above water

Article Abstract:

Limits on overseas and government borrowing and the reopening of specific credit lines helped to stabilize both medium- and long-term rates for Sri Lanka's banks. Prime lending rates were at approximately 18% in 1997, however, and weak currency coupled with external debt could once again destabilize rates.

Sri Lanka

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