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date: 23 January 2019

Abstract and Keywords

This article examines banking in the developing nations of Asia. It is organized as follows. The second section presents some basic statistics on the size, depth, efficiency, and outreach of banking sectors in East and South Asia. In the case of East Asia, it focuses on China, Indonesia, Korea, Malaysia, Philippines, and Thailand; for South Asia it considers Bangladesh, India, and Pakistan. The third section illustrates the degree of public and foreign ownership across East and South Asian economies and compares it to the experience of developing countries in other regions. The fourth section describes the recent reforms and transformations that have led to the current banking structure. The fifth section reviews the existing evidence on the implications from recent ownership changes. The sixth section concludes and discusses the possible consequences of the current financial turmoil on developing countries in Asia.

Keywords: developing countries, banking industry, ownership, South Asia, East Asian economies, banking reforms

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