New ANZ white paper identifies three banking models to capture ASEAN opportunities

Published 

ANZ today issued a white paper that identified three distinct types of banks operating in the Association of Southeast Asian Nations (ASEAN) which have used a regional presence, diverse customer base and long-term strategy to establish a successful presence in the region.

The report titled, ‘Shaping the Future of ASEAN Banking,’ examines the three different banking models which have emerged as better suited than large global banks to benefit from ASEAN’s growth opportunities.

The three models identified in the report include:

  • Regional banks – indigenous to ASEAN or the broader Asia Pacific region, they have largely taken over from European and US-based rivals that exited the region during the Global Financial Crisis (GFC).
  • Network banks – recognise the advantages of end-to-end banking services for customers, but are more selective or have less financial capacity to deploy resources in an onshore banking operation.
  • Partnership banks – collaborate with other banks to support their customers’ offshore strategies, typically choosing partners that align with the international footprints and strategies of their customers, but do not impinge on their home markets.

“ASEAN is forecast to emerge as the fifth largest economy in the world and this growth, combined with the promise of ASEAN’s financial integration and internationalisation, presents a compelling long-term opportunity for financial institutions,” said the paper’s author Carli Renzi, Insights Director Financial Institutions Group, ANZ.

“Winners in ASEAN banking will have a clear understanding of which of the three banking models best leverage their competitive strengths onshore in ASEAN or extend their capabilities, insights and reach via collaboration.

“The complexities of ASEAN’s economic structure and varying development stages remain an interesting challenge, however regional regulators seem to favour banks with a committed, long-term strategy and a strong balance sheet.

“For banks, ASEAN coverage is now imperative to helping customers enter into one of the world’s most dynamic markets.”

Most recent episodes

Advantage Treasury

Eleanor Hill is joined in the virtual TreasuryCast studio by Nicolas Cailly and Philippe Penichou (Societe Generale) to look at treasury trend predictions for the remainder of 2022, with a particular focus on virtual accounts. In this deep dive into current and future treasury priorities, our guests consider...

24:22

40th Annual New York Cash Exchange: What Can Treasurers Expect?

Ahead of the 40th annual New York Cash Exchange, two of TMANY’s distinguished board members, David Miller and Timothy T. Hesler, CTP, provide TMI CEO, Robin Page, with a quickfire rundown of what attendees can expect from this year’s conference. Our guests share their aspirations for the event,...

00:00

Expectation-Beating Inflation Prints Ratchet Up Pressure on Monetary Policy

Welcome to the third edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 9th May...

04:48

Making the Sustainable Transition: A Roadmap to ESG in Treasury

Over the last 18 months, Societe Generale has experienced a steady increase in requests from their corporate clients to integrate ESG features in treasury management.  Louis-David Rouyer, Philippe Pougeard, and Emmanuelle Petelle (Societe Generale) provide TMI’s Eleanor Hill with a whistlestop run...

22:24

Lift Off for Fed Rate Rises

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th of...

04:58

Treasury in 2022 and Beyond

Industry experts Bob Stark (Kyriba) and Sebastian di Paola (PwC) join TMI’s Editor, Eleanor Hill, to explore the very latest treasury trends – and to discuss how smart treasurers can get ahead of the game by ...

43:21

How BearingPoint Harnessed Data-Driven Forecasting with CashAnalytics and SAP

Listen back to our recent forecasting masterclass, where Group Treasurer Eveline Stam, and Conor Deegan (CashAnalytics) provided TMI’s Eleanor Hill with a comprehensive overview of how consultancy firm BearingPoint achieved company-wide cash forecasting nirvana by combining specialist solutions from...

37:14

The 3 T’s of The Future: Tech, Treasury, and Transformation

Over the past two years, an increasingly dynamic environment has not only accelerated technology development – from quantum computing to blockchain technology, and even the metaverse – but also technology adoption, bridging colleagues and breaking down silos in a remote work world. In this podcast,...

44:02

Monetary Policy Continues to Drive Markets as Ukraine Invasion Weighs on March Meetings

Welcome to the second edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 3rd of...

05:25

Tax Spotlight: How the OECD’s Two-Pillar Solution Impacts Treasury

Aaron Lee and Joseph Lee (DBS Bank) join TMI’s Eleanor Hill to discuss how the OECD’s Two-Pillar Solution aims to address the tax challenges arising from the digitalisation of the economy. Ahead of the 2023 implementation date multinational corporates will have much to consider around these reforms....

24:00