Banking, Hong Kong, Pakistan, Research & Consultancy - Friday, February 1, 2008 20:52 - 0 Comments

Asiamoney Top 10: bank stocks (includes profile of Hang Seng)

Asiamoney, February 2008

Pakistan has a lot to worry about at the moment, but you wouldn’t know it from looking at its banking sector. Despite the crippling political uncertainty that afflicts the place today, greatly exacerbated by Benazir Bhutto’s assassination, Pakistan’s banks boast the highest return on equity of any in the region.

This month’s top 10 looks at the banking sector, and it has a very subcontinental feel. Six of the top eight names on the list are from India and Pakistan, including the leader, which for the second consecutive year is Pakistan’s MCB. Only one developed-market name, Hang Seng Bank, makes the top 10, with the remainder coming from Asean countries. There’s none from Singapore, or Korea, and none from mainland China. Continue…

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