(20th June 2011 – Asia) East & Partners’ latest Asian Institutional Transaction Banking Markets report has revealed that switching intentions across Asia’s Top 1,000 Corporates are on the rise again after two years of GFC-induced decline.
-
Although 55.0 percent are continuing to say that
it is highly unlikely that they will move from their current primary
transaction banker and a further 13.3 percent saying that they definitely not
considering a move, a climb in the proportion of top Asian businesses looking
to make such a move has been picked up for the first time since late 2007. -
Fully 18.9 percent are actively considering
changing their primary transaction bank in the coming six months - Key reasons tabled by those corporate considering a move in whole or part,
are dominated by:
– a need for improved debt offerings and more relaxed security / covenants
– a lack of added value in the current relationship
– value for money improvements being sought
Paul Dowling, Principal Analyst with East & Partners, commented that “We may
be seeing the start of a return to normality in corporate banking behaviour in
Asia as credit markets normalise post the GFC experience.”
“Lending based churn has historically been high in Asian markets and does drive
much transaction banking engagement by large businesses. With access to credit
easing, corporates are again starting to reassess their transactional provide
relationships”, he added.
About East & Partners’ Asian Institutional Transaction report
East & Partners’ Asian Institutional Transaction Banking Markets report examines
market share and bank-by-bank customer satisfaction performance across key
service and relationship attributes in Asia’s transaction banking markets. The
twice yearly produced report is based on direct interviews with the Top 1,000
institutions in ten Asian countries excluding Japan.
For more information please contact:
Sian Dowling
Marcomms & Client Services
East & Partners
t: +61-2-9004 7848
m: + 61-420 583 553
e: sian.d@eastandpartners.com