Leading Asian incumbents are further strengthening their expertise in products such as transaction banking, particularly in the large and comparatively sheltered domestic markets of China and India, but also elsewhere in the region where local scale can generate advantages.
State Bank of India and May bank are among the leading institutions pointing the way.
Other local champions are expanding aggressively into neighboring markets. In Southeast Asia, institutions such as CIMB in Malaysia and DBS in Singapore have consolidated their positions across national boundaries and become true regional players. Similarly, for many years China trust has been a leading provider of banking services for Taiwanese overseas corporations.