Bharat Book Bureau

Mobile Money Transfer Report Profiting from cross-border remittance and global banking

Despite the impact of the 2008-2009 global downturn, remittances as a source of liquidity will likely prove to be resilient, and could potentially play a role in restoring or increasing prosperity across regions. Whereas the sharp contraction of credit in the global banking sector has directly and instantaneously ravaged FDI alongside private debt and equity flows, remittances to the developing world are slowing down more gradually and indirectly as a result of declining personal consumption, lay-offs, and lower salaries impacting the real economy. This adds the resilience of remittances, where migrant workers will continue sending money to relatives in their countries of origin during uncertain economic times, albeit at less regular intervals and/or in smaller amounts.

Despite a net reduction in new migration through 2009 due to tightening immigration controls as a protectionist political reactions in some countries, the number of migrants accumulated in previous years represents a significant proven source of remittances, the value of which will nevertheless be vulnerable to disruptive factors such as exchange rate volatility.

This report, Mobile Money Transfer 2009, looks at the strong fundamentals behind the remittance market and how it will generate growth from the end of 2009 and forward beyond 2014. The report will explore how the mobile value chain and financial sector can tap into money transfer as an attractive new revenue stream, given the strength and ubiquity of mobile as a convenient, secure and low cost channel for financial.

Mobile Money Transfer is positioned to exercise considerable transformational effect on developing economies, a crucial factor for wider world economic growth. Mobile Money also enables financial services and money transfers - often initiated by urban and international immigrants - to reach poor people in rural areas. Mobile remittance services will form the first commercially viable and sustainable opportunity to reach the unbanked with low cost, no-frills financial services.

The huge potential for mobile money transfer can be seen from the sheer volume of cross-border remittances typically sent through existing channels such as banks and money transfer agencies. Measured flows have grown exponentially over the last decade - by 130 percent since 2001, with an estimated US$248billion sent primarily from industrialised countries to the world’s emerging markets in 2007. Although remittance flows are currently experiencing short-term decline, existing services and pilot projects in Kenya and the Philippines have shown operators a feasible route towards gaining a share of those large remittance flows expected by and new mobile remittance services are expected by 2011 at the latest. Operators and banks in the Middle East, Europe, Asia and Africa are in the process of deploying services primed to encourage and exploit potential growth.

Major operators with international and inter-regional footprints such as Vodafone and Orascom Telecom have announced their intention to deploy mobile remittance, which they hope will act as a catalyst for the wider adoption of mWallet-enabled transaction services. Most importantly, mobile remittance presents a way for these inter-regional players to further maximise revenue potential through a greater proportion of their respective footprints, leveraging their assets in Europe and the Middle East in synergy with those in South Asia, Africa and the Asia Pacific.

This brand new 80+ page report analysis all of the exciting opportunities that will be available to increase your revenues from this potential arena.

Reading this exclusive management report will tell you the following:
• What different forms of mobile remittance are available and expected to appear in the future?
• Why is mobile potentially so important to banking and financial services, as well as economic development?
• When will mobile remittance become a truly global mass market proposition?
• How successful can these service propositions become?

Find out the answers to these and many other questions by buying this vital industry insight.

Mobile money transfer and m-payments have great potential due to the relationship between a mobile subscriber and their handset, where the mobile device is often with the end-user for most of their waking time. With mobile penetration reaching 100 per cent in many developed markets, the mobile phone will soon be in virtually everyone’s pocket. Payments and banking are currently major areas of growth in the mobile world and these are set to become even more specialised than they are at the moment. Do you understand this market? Do you know how it will develop? Is this an issue that you need to act on and find out about now?

Table of Contents:

Executive Summary
E1. Mobile Remittance and m-transaction - Unexpected Adoption and Benefits for Developing Economies
E2. The short term impact of the global economic downturn
E3. Remittances to support new long term banking direction
E4. Providing Favourable Regulatory Frameworks

1. Introduction
1.1 What Exactly Is Mobile Remittance?
1.2. Focus of the Report

2. The Remittance Market
2.1 The Critical Macroeconomic Role of Remittances
Chart 1. Remittances as a Share of National GDP in 2006
2.2 Behind Global Growth Trends in Remittance Flows
2.2.1 Growth in Global Migration
Chart 2. Growth in Global Migrant Stocks, 1960-2050
Chart 3. Average Annual Net Migrants to More Developed Regions
2.2.2 Remittance Flow Growth
Chart 4. Growth of Global Remittance Flows 1990-2007
Chart 5. Financial Flows into Developing Economies 1990-2007
2.2.3 Analysis of Flows into Recipient Countries
Table 1. Top 30 Formal Remittance Receiving Countries 2007
Table 2. Top 30 Formal Remitter Countries 2007
2.3 Migration Patterns and Remittance Corridors
Figure 1. Major Bilateral Remittance Corridors and Estimated Flows, 2007
2.3.1 Growth of the UK-Poland Remittance Corridor
2.3.2 Remittance Corridors and Operator Market Strategy
2.4 Remittances as a stable source of external finance
2.5 The multiplying effect of remittances: consumption, savings and investment
2.5.1 Enabling additive and transformational approaches to banking

3. Drivers towards Implementation
3.1 Financial Infrastructure
Chart 6. Market Share of P2P Money Transfers 2006
3.1.1 Inadequate Servicing of Remittance by Existing Mechanisms
Table 3. Global and UK Remittance Transaction Fees Comparison
3.1.2 Poor financial infrastructure in developing economies
3.1.3 Participation in the formal vs. informal economy
3.2 Mobile Infrastructure
3.2.1 Global Mobile Penetration
Chart 7. Global Telecoms Subscriber Growth, 1982-2013
Chart 8. African Mobile Subscriber Growth 1999-2013
Chart 9. Asian Mobile Subscriber Growth 1999-2013
3.2.2 Technological Developments
3.2.2.1 The Development of M-transaction
3.2.2.2 Convergence
3.2.2.3 Convergence Embraces Mobile Transaction
3.2.2.2 Low-cost handsets
3.2.2.3 Mobile Subscriber Growth in Emerging Markets
Chart 10. Top Ten Countries for Net Additional Subscribers 2007
3.2.2.4 SMS Banking
Figure 2. Basic SMS banking transaction flow
3.2.2.4.1 Prime Disadvantages of SMS banking
3.2.2.5 STK-enabled Mobile Transaction
3.2.2.6 IVR Banking Service Delivery
3.2.2.7 USSD/USSD2
3.2.2.8 WAP Service Delivery
3.2.2.9 Service Delivery via J2ME Apps
3.2.2.10 mWallet

4. Mobile Remittance: Operator-Side Types of Implementation
4.1 Business Models
Figure 4. Mobile Remittance Value Chain
4.1.1 Mobile Operator as Bearer Channel Provider
Figure 5. MNO as Bearer-only Business Model
4.1.2 Mobile Operator as Bearer and Banking Application Host
Figure 6. MNO Banking Application Host Business Model
4.1.3 Integrating Banks/Financial Institutions into Mobile Operator Hosted Platforms
Figure 7. Business Model for an MNO as a Banking Hub
Figure 8. Topology of the MNO Banking Hub Model
4.1.4 MNO Adoption of Financial Institution Status
Figure 9. Financially-licensed MNO model with MNO positioned as beneficiary
Figure 9. Financially-licensed MNO model with MNO positioned as remitter
4.1.5 Summary of MNO Business Model Options
4.2. Business Model Options for Financial Institutions
4.3 Service Models
4.3.1 mWallet to mWallet
Scenario 1. mWallet-to-mWallet transaction
4.3.2. mWallet to Cash
Scenario 3. mWallet-to-Cash transaction
4.3.3 Cash to mWallet
Scenario 3. Cash-to-mWallet transaction

5. Financial and Mobile Industry Convergence: Control Points and Requirements in Implementation
5.1 Regulatory
5.1.1 Addressing Boundaries between financial and telecoms regulatory frameworks
5.1.2. Aligning Developing Economy Mobile Remittance Models with KYC and AML/CFT Regulations
5.1.3. Developing Economy Mobile Remittance Models and the Application of Prudential Regulation
5.1.3. Developing Economy Mobile Remittance Models and Access to Clearing Systems
5.1.4 Formalising Remittance Flows
5.2. Transaction Processing

6. Mobile Operator and Financial Institution Partnerships: Mobile Remittance Case Studies and Emerging Developments
6.1. Smart Telecom mWallet Services, Philippines
Chart 11. Smart Money users as Proportion of Subs
6.1.1 Smart Padala Remittance: 4 years of success
Tables 4a and 4b. Smart Padala Remittance Partners and Locations Overseas
6.2. Globe Telecom, Philippines
6.2.1 GXI - Globe’s M-Commerce Subsidiary
6.3. Vodafone’s Strategies
6.3.1 Safaricom and M-PESA: m-transaction as a precursor to wider cross-border mobile remittance
6.3.1.1 M-PESA Adoption Curve
Chart 12. M-PESA Adoption, April 2007-March2008
6.3.1.2 M-PESA Adoption Drivers
6.3.1.4 The M-PESA Service Model
6.3.1.5 M-PESA Expansion and International Implementation by Vodafone
Figure 10. Advertisement for M-PESA
6.3.1.6 Delays and Barriers for the International Implementation of M-PESA
6.3.2 Vodafone and Citigroup/Citibank global agreement
6.5. Bharti Airtel and Western Union Pilot Project
6.6. The GSM Association Mobile Money Transfer (MMT) Initiative
6.6.1 MMT: Attempt at creating a Multilateral Remittance Framework
Table 5. Options for the Implementation of Multilateral MMT Hub Platforms
6.6.2 Partnerships
6.6.2.1 GSMA-Western Union Partnership
6.6.2.2 GSMA-MasterCard Partnership
6.6.2.3 GSMA-Western Union-Smart
6.6.2.4 GSMA-Western Union-RBS Group-Belgacom ICS HomeSend platform
6.6.2.5 GSMA-Visa
6.6.2.6 Western Union-Orascom mobile money transfer pilot
6.7 NatWest-PKO Bank Polski
6.8 Visa-US Bank mobile money transfer pilot
6.9 Deutsche Bank mobile payments service
6.10 !dea Cellular, Tata Communications, HSBC India & Etisalat UAE joint pilot project

7. Remittance: Vendor Profiles
7.1 Utiba
7.2 aKos Technology Corporation
7.3 Cointel
7.4 Monitise
7.5 GFG Group
7.6 Sybase
7.7 Paybox
7.8 eServGlobal
7.9 mTranZact
7.10 Overview of M-Commerce Vendors in Remittance
7.10.1 Licensing Vendor Business Models
7.10.2 ASP Vendor Business Models
7.10.3 Suitability

8. Conclusion
8.1 A necessity for economic development equals high consequential take-up
8.2 The need for regulatory harmonisation and accommodation
8.3. Standardisation as an achievable goal
8.4. Which form of mobile remittance will emerge as the most common?
8.5. The Danger of the Two Tier Mobile Economy
8.6. Forecasts: Deriving growth from global recovery beyond 2010
Chart 13. Global remittance growth forecast
Chart 14. Comparison of Forecasts for Remittance Channels By Value
Chart 15. Forecasts for Remittance Channel Volume
Table 6. Operator revenues generated from transaction costs
8.6.1. Greatest Impact: Asia and Africa
Chart 16. Comparative Mobile Remittance Forecast for Recipient Countries
Table 7. Forecast for Mobile Remittance Transaction Volumes per Country (US$million)
8.6.1. Minimal Impact in Latin America and Eastern Europe

Companies Listed

aKos Technology
Aktel
Alliance & Leicester
AT&T
Belgacom ICS
Bharti Airtel
Cable & Wireless
Citigroup
ClearTalk Wireless
COAI
Cointel
CSL
Cybertalk Limited
Dahaabshil
Deloitte
Deutsche Bank
DFID
Dialog
Digicel
Du
Enitel
eServGlobal
Etisalat
EU
Financial Services Authority
Fundamo
GFG Group
Globe Telecom
Global Peso Express
Grameenphone
GXI
HSBC
Hutchison 3G
ICSL Nigeria
!dea Cellular
IMF
Indosat
Inter-American Development Bank
Lari Exchange
Lebara Mobile
LG Electronics
Life
Link
Lycatel
Luup
MasterCard
Maxis
MiPay
Mobilink
MoneyGram
Monitise
Motorola
MTC Bahrain
MTN
mTranZact
Nairobi Stock Exchange
NatWest
Nokia
Orange
Orascom Telecom
Paybox
Pera Padala
Pinoy Express
PKO Bank Polski
Polkomtel
Royal Bank of Scotland
Safaricom
SingTel
Smart Communications
Softbank
Sony-Ericsson
Swisscom
Sybase
Tata Communications
Telefonica
Telenor
Tesco Mobile
TIM
TMN
Touch Mobile
Travelex
Turkceli
Ulster Bank
UNCTAD
United Nations
US Bank
Utiba
Vigo
VimpelCom
Virgin Mobile
Visa
Vodacom
Vodafone
Western Union
World Bank
Zantel

For more please visit
http://www.bharatbook.com/Market-Research-Reports/Mobile-Money-Transfer-Report-Profiting-from-cross-border-remittance-and-global-banking.html

Affinity and Partnership Marketing Strategies in Credit Cards and Banking in Europe

Finaccord’s report entitled Affinity and Partnership Marketing Strategies in Credit Cards and Banking in Europe is a unique research publication dedicated to a broad investigation of affinity financial services in Europe with the focus on credit cards and banking services. It draws on the findings of around 100 interviews carried out over a 24-month period from September 2003 to August 2005 in order to assess the development of affinity and partnership marketing strategies in European credit cards and banking and to highlight examples of both banking institutions and partner organisations that embody best practice in this field.

It covers credit cards and other consumer banking sectors in equal measure and represents the most comprehensive source of intelligence on this important topic. In an increasingly mature market for credit cards and retail banking in Europe, initiatives in affinity and partnership marketing represent some of the best opportunities for business growth in both domestic and international markets. Indeed, ultimately, affinity and partnership marketing strategy is a fundamental issue for all card issuers and banking institutions given its potential to deliver superior revenue growth. As such, Affinity and Partnership Marketing Strategies in Credit Cards and Banking in Europe delivers mission-critical insights allowing you to identify viable opportunities, learn from best demonstrated practice and to influence your own organisation’s partnering strategy accordingly.

For more information kindly visit
http://www.bharatbook.com/Market-Research-Reports/Affinity-and-Partnership-Marketing-Strategies-in-Credit-Cards-and-Banking-in-Europe.html

Microfinance, a concept popularized by Muhammad Yunus, has grown tremendously in India. The growing understanding of achieving self sustainability among the rural and urban poor has led to the acceptance and implementation of this idea across India.

The report begins with an introduction to the microfinance sector covering different types of financial institutions, formal and informal, providing financial services to the rural and urban poor in India. The report provides an overview of the current state of microfinance in India covering extensively the two primary facilitators of microfinance - microfinance institutions (MFIs) and SHG’s bank linkage programme (SBLP).

The report highlights the government’s initiatives towards encouraging microfinance institutions in India. The report identifies key trends and characteristics in the sector including low penetration levels of microfinance, large scale PE/VC activity, high interest rate and repayment issues, lack of interest from formal financial institutions and opportunity in the urban sector. The report profiles the major players in the sector including brief business overview, client outreach, financials and future outlook for each player.

Page 1: Executive Summary
Introduction
Page 2: Definition and major milestones
Page 3: Banking sector reforms
Types of Microfinance Institutions
Page 4-7: Various institutions
Overview
Page 8: Overview
Page 9-10: MFIs
Page 11-13: SBLP
Government Initiatives
Page 14-15: Government initiatives
Trends & Characteristics
Page 16: Summary
Page 17-21: Trends and characteristics
Major Players
Page 22-29: Major Players
Key Developments
Page 30: Key Developments
Appendix
Page 31: Overall progress under microfinance
Page 32: Savings of SHGs with Banks
Page 33: Bank Loans Disbursed to SHGs
Page 34: Bank Loan Outstanding Against SHGs
Page 35: Bank Loans Provided to MFIs
For more pls visit
http://www.bharatbook.com/Market-Research-Reports/Guide-to-Microfinance-India.html

Microfinance, a concept popularized by Muhammad Yunus, has grown tremendously in India. The growing understanding of achieving self sustainability among the rural and urban poor has led to the acceptance and implementation of this idea across India.

The report begins with an introduction to the microfinance sector covering different types of financial institutions, formal and informal, providing financial services to the rural and urban poor in India. The report provides an overview of the current state of microfinance in India covering extensively the two primary facilitators of microfinance - microfinance institutions (MFIs) and SHG’s bank linkage programme (SBLP).

The report highlights the government’s initiatives towards encouraging microfinance institutions in India. The report identifies key trends and characteristics in the sector including low penetration levels of microfinance, large scale PE/VC activity, high interest rate and repayment issues, lack of interest from formal financial institutions and opportunity in the urban sector. The report profiles the major players in the sector including brief business overview, client outreach, financials and future outlook for each player.

Page 1: Executive Summary
Introduction
Page 2: Definition and major milestones
Page 3: Banking sector reforms
Types of Microfinance Institutions
Page 4-7: Various institutions
Overview
Page 8: Overview
Page 9-10: MFIs
Page 11-13: SBLP
Government Initiatives
Page 14-15: Government initiatives
Trends & Characteristics
Page 16: Summary
Page 17-21: Trends and characteristics
Major Players
Page 22-29: Major Players
Key Developments
Page 30: Key Developments
Appendix
Page 31: Overall progress under microfinance
Page 32: Savings of SHGs with Banks
Page 33: Bank Loans Disbursed to SHGs
Page 34: Bank Loan Outstanding Against SHGs
Page 35: Bank Loans Provided to MFIs
For more pls visit
http://www.bharatbook.com/Market-Research-Reports/Guide-to-Microfinance-India.html

Commercial Banking Report India : Commercial Banking Report India provides industry professionals and strategists, corporate analysts, banking associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Commercial Banking industry in India.
The Report has just been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2010; company ranking and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

Key Benefits of Report

Rely On Our Independent 5-Year Forecasts As A Benchmark
to test other views - a key input for successful budgetary and strategic business planning.
Target Business Opportunities & Risks
through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments.
Exploit Latest Competitive Intelligence & Company SWOTS
on your peers and competitors through company rankings by sales, market share, investments and leading products and services.
India Commercial Banking Report includes :

Executive Summary & Swot Analysis
Summary of its key industry forecasts and trend analysis, and commentary on key company and industry headline events. Collection of SWOT studies on local commercial banking market, economy and business environment.

Regional Overview
Cross-border analysis on the structure, size and value of the commercial banking sector, including comparative historical data and forecasts on the region’s assets, loans and deposits, as well as bond portfolios.

Market Overview
Outlook of local market, commenting on its structure, size and value.

5-Year Industry Forecast
Annual average growth forecasts for assets, loans and deposits.

5-Year Macroeconomic Forecast
It forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape
Comparative company analyses and rankings by production, sales, % market share, employees, registration date and ownership structure.

Company Profiles & SWOTS
Company profiles, including SWOT (Strengths, Weaknesses, Opportunities & Threats)analyses, fully researched senior executives and full contact details, business activity, leading products and services.

Executive Summary:

From Q108 we will be calculating the Commercial Banking Business Environment Rating (CBBER) for each of the countries surveyed. This will permit a more systematic and comprehensive comparison of the conditions within the banking industries of the various countries than was possible in the past. For each country, it will also facilitate a comparison of the conditions within the banking sector and conditions prevailing in other sectors.

India’s overall CBBER, at 58.6, is towards the middle of the countries in the Asia Pacific region that are surveyed. However, this is largely due to the comparatively high at 76.3 score on the heavily weighted banking market elements of the limits to potential returns element. This, in turn, is reflective of the sheer scale and entrenched position of the Indian banking system rather than its high level of development.

In particular, the banking market elements of the limits to potential returns have a much higher score than the country elements (76.3 versus 33.2). In particular, the low levels of GDP per capita are a very significant constraint on returns within the banking sector. This is not to say that there are not also very significant constraints limiting the realization of returns within the banking sector itself. Indeed, in the CBBER rating for India the banking market elements of the risks to the realisation of returns are less than the than the country risk rating (53.3 versus 60.2). That is, although the banking sector is well positioned within the economy in general, it, rather than the economy more generally, is also the primary locus of risks to its own further development. This is because, although well regulated and protected, India’s banking system remains comparatively backward, relying upon paper-based payment systems, and hampered by a cumbersome legal system.

Despite an anticipated moderation in India’s growth momentum, we see upside risks to our 8.2% growth forecast for FY2007/08. Weak infrastructure will continue to impose restraints on the country’s growth potential in the long term, while the recent global credit crunch will see the central bank maintain a tight policy bias.

On the whole it appears as though economic growth will begin to moderate in the coming quarters. This is because we expect a tight monetary policy to eventually impact on demand, while the risk of a sharper deceleration will present itself if the US subprime crisis persists. That said, given last year’s robust growth rate of 9.4% – which will have a positive spillover effect on the Indian economy – we do acknowledge upside risks to our 8.2% growth forecast for FY07/08.

Indian consumers have been resilient to the Reserve Bank of India (RBI)’s rate hikes in large part due to a dramatic growth in incomes. But despite a falling inflation rate (wholesale price inflation fell below 4.00% for the first time in over a year, to 3.26% in the week to September 29), we expect the central bankto maintain a strong tightening bias, especially in light of the latest GDP data. In its annual report released on August 30, the central bank forewarned of an increase in price pressures, due to shortfalls in farm production and infrastructure, which would spur inflation and curb growth.

Overall, growth momentum is still expected to remain notable, despite the anticipated slowdown. If growth for the fiscal year does reach the central bank’s forecast 8.5% expansion rate, this will only be marginally below the 8.6% average achieved over the past four years. Inflation remains the biggest threat to this outlook, and supply-side factors, if not dealt with appropriately, will render these growth rates unsustainable.

To know more and to buy a copy of your report feel free to visit: http://www.bharatbook.com/Market-Research-Reports/Commercial-Banking-Report-India.html

Or

Contact us at:
Bharat Book Bureau
Tel: +91 22 2757 8668
Fax: +91 22 2757 9131
Email: info@bharatbook.com
Website: www.bharatbook.com
Blog: http://bharatbookresearch.blogspot.com

Hong Kong Commercial Banking Report provides industry professionals and strategists, corporate analysts, banking associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Commercial Banking industry in Hong Kong.

The Report has just been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2011; company ranking and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

Key Benefits

Rely On Our Independent 5-Year Forecasts As A Benchmark to test other views - a key input for successful budgetary and strategic business planning.
Target Business Opportunities & Risks through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments.
Exploit Latest Competitive Intelligence & Company SWOTS on your peers and competitors through company rankings by sales, market share, investments and leading products and services

Coverage

Executive Summary & Swot Analysis
Summary of It’s key industry forecasts and trend analysis, and commentary on key company and industry headline events. Collection of SWOT studies on local commercial banking market, economy and business environment.

Regional Overview
Cross-border analysis on the structure, size and value of the commercial banking sector, including comparative historical data and forecasts on the region’s assets, loans and deposits, as well as bond portfolios.

Market Overview
Outlook of local market, commenting on its structure, size and value.

5-Year Industry Forecast
Annual average growth forecasts for assets, loans and deposits.

5-Year Macroeconomic Forecast
Forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape
Comparative company analyses and rankings by production, sales, % market share, employees, registration date and ownership structure.

Company Profiles & SWOTS
Company profiles, including SWOT (Strengths, Weaknesses, Opportunities & Threats) analyses, fully researched senior executives and full contact details, business activity, leading products and services.

Executive Summary:

From Q108 we will be calculating the Commercial Banking Business Environment Rating (CBBER) for each of the countries surveyed. This will permit a more systematic and comprehensive comparison of the conditions within the banking industries of the various countries than was possible in the past. For each country, it will also facilitate a comparison of the conditions within the banking sector and conditions prevailing in other sectors.

Hong Kong’s overall CBBER is 79.5. The equivalent figures for the USA and the eurozone are 84.8 and 81.4, respectively. Hong Kong’s CBBER is higher than that of any other country in the Asia Pacific region. Australia offers the closest comparison (at 76.3), followed by Japan (at 75) and Singapore (at 74.9).

Within the CBBER, the most important aspect is the (banking) market element of the limits of potential returns. This element accounts for 42% of the overall CBBER. Hong Kong’s rating for this element – 74.4 – is slightly lower than the overall CBBER and lower than the country element of the limits of potential returns – 78.9. By both regional and international standards, Hong Kong also scores very highly in both the market element (96.7) and the country element (80.9) of the risks to the realisation of returns Hong Kong’s economy continues to perform strongly, as domestic consumption remains robust and the knock-on effects of China’s booming economy continue to provide a boost to the territory. However, while consumption is set to remain strong, a softening of external demand for Hong Kong exports as a result of a slowing US economy is a downside risk to growth. Nonetheless, demand from China will help support Hong Kong’s merchandise exports, and global demand for services from the territory will maintain their current robust momentum. We are forecasting Hong Kong’s real GDP to expand 6.2% in 2007, and while this will be down slightly from the 6.8% growth witnessed in 2006, it will nevertheless remain robust.

Fiscal Policy – Strong Growth Buoys Public Finances

Hong Kong posted a budget surplus of HKD4.8bn (US$616mn) in the April-July period, as the territory continues to make impressive fiscal improvements. Robust economic growth has boosted tax collections, and this rise in government revenues has been accompanied by prudence on the expenditure side, helping to buoy public finances. However, focus must now be turned to ensuring long-term stability, as Hong Kong faces an ageing population and a narrow tax base which is susceptible to a future economic downturn. The proposed goods and services tax will help switch the territory away from an income tax focused system towards a system based more around consumption, but will unfortunately continue to face much opposition.

To know more and to buy a copy of your report feel free to visit: http://www.bharatbook.com/Market-Research-Reports/Commercial-Banking-Report-Hong-Kong.html

Or

Contact us at:
Bharat Book Bureau
Tel: +91 22 2757 8668
Fax: +91 22 2757 9131
Email: info@bharatbook.com
Website: www.bharatbook.com
Blog: http://bharatbookresearch.blogspot.com

Japan Commercial Banking Report provides industry professionals and strategists, corporate analysts, banking associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Commercial Banking industry in Japan.

The Report has just been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2011; company ranking and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

Key Benefits

Rely On Our Independent 5-Year Forecasts As A Benchmark to test other views - a key input for successful budgetary and strategic business planning.
Target Business Opportunities & Risks through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments.
Exploit Latest Competitive Intelligence & Company SWOTS on your peers and competitors through company rankings by sales, market share, investments and leading products and services

Coverage

Executive Summary & Swot Analysis
Summary of It’s key industry forecasts and trend analysis, and commentary on key company and industry headline events. Collection of SWOT studies on local commercial banking market, economy and business environment.

Regional Overview
Cross-border analysis on the structure, size and value of the commercial banking sector, including comparative historical data and forecasts on the region’s assets, loans and deposits, as well as bond portfolios.

Market Overview
Outlook of local market, commenting on its structure, size and value.

5-Year Industry Forecast
Annual average growth forecasts for assets, loans and deposits.

5-Year Macroeconomic Forecast
Forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape
Comparative company analyses and rankings by production, sales, % market share, employees, registration date and ownership structure.

Company Profiles & SWOTS
Company profiles, including SWOT (Strengths, Weaknesses, Opportunities & Threats) analyses, fully researched senior executives and full contact details, business activity, leading products and services.

Executive Summary:

From Q108 we will be calculating the Commercial Banking Business Environment Rating (CBBER) for each of the countries surveyed. This will permit a more systematic and comprehensive comparison of the conditions within the banking industries of the various countries than was possible in the past. For each country, it will also facilitate a comparison of the conditions within the banking sector and conditions prevailing in other sectors.
Japan’s overall CBBER at 75.0 is high, the third highest of the countries in the Asia-Pacific region that are surveyed. This score is underpinned by high scores in all the major components of the rating. Japan’s score is particularly underpinned by the high score of 76.3 on the heavily weighted banking market elements of the limits to potential eturns element. This, in turn, reflects both the large scale and high degree of sophistication of the Japanese banking system.
In particular, the banking market structure element of the limits to potential returns have a higher although roughly comparable score to the country element (i.e. 76.3 versus 70.6). On the other hand, the banking market elements of the risks to the realisation of potential returns is considerably lower than the country risk rating (i.e. 66.7 versus 84.7). That is, although the banking sector is well positioned within what is admittedly a weak economy, it, rather than the economy more generally, is also the primary locus of risks to its own further development. This is because the banking system remains fragmented and is losing market share to its competitors in a very low domestic interest rate environment.
Japan’s economy faces a number of headwinds in 2008 that have prompted us to cut our growth forecast to 2.0% from 2.5% previously. Factors constraining the economy include political uncertainty, a weaker external environment, subdued consumption, and the prospect of higher sales taxes to rein in Japan’s massive fiscal deficit and debt burden amid an ageing population.
Japan’s economy will begin 2008 on a weaker note than 2007, owing to a number of external and domestic factors. Japan’s relatively robust growth in recent years has been boosted by exports, which have benefited from a weak yen. However, we envisage slower growth in the US, China and the Eurozone in 2008, which will have the effect of sapping demand for Japanese exports. In addition, we also forecast the yen appreciating to JPY108.00/US$ at the end of 2008 – with the possibility of stronger gains in the meantime – from JPY112.00/US$ at present, which could reduce the competitiveness of Japanese goods. Going forward, we caution against the notion that Japan can ‘decouple’ from US growth. Although China is poised to overtake the US as Japan’s biggest export market in 2007 for the first time in modern history, the truth is that many Japanese items sent to China are machine components assembled into finished products at local factories for re-export to the US.
Japan’s economy is also experiencing weak domestic demand (personal consumption generates 55% of GDP). Strong Japanese corporate profits have generally failed to translate into higher wages because over the past decade or so, Japanese companies have been shedding staff and replacing them with ‘temporary’ workers, who are paid less than their full-salary predecessors, constraining personal consumption. Going forward, domestic demand may well suffer another blow if the government proceeds with raising the consumption tax rate to finance increasing social security costs. Certainly, the government needs the extra revenues. Japan has run nominal fiscal deficits in excess of 6.0% of GDP in recent years, as a legacy of the ‘lost decade’ of the 1990s, when massive government spending was used to prop up the economy. Consequently, its national debt burden, at JPY834trn (US$7.4trn), now exceeds 160% of GDP – virtually the highest debt-to-GDP ratio in the world. In addition, Japan’s population is simultaneously ageing rapidly and shrinking, meaning that more money will have to be spent on looking after the elderly over the coming decades. As such, Japan needs to find all the revenues it can muster. At 5.0%, Japan’s sales tax is still lower than many developed states, meaning that the government has leeway to raise it. Overall, the above factors mean that Japan can no longer rely on fiscal ‘pump priming’ (i.e. public works projects) measures to bolster the economy. The Bank of Japan’s long-running quest to normalise monetary policy by raising interest rates will also run into difficulties in 2008, owing to several global and domestic factors. As regards the former, weaker economic growth in the US and Eurozone is likely to reduce demand for Japan’s exports, thus putting its economy under pressure. Domestically, for all the BoJ’s talk of the need to pre-empt inflationary pressures, Japan is barely out of deflation. Core CPI was 0.1% y-o-y in October 2007, marking the first positive reading in 10 months. The fact that Japanese inflation has remained so low even amid record oil prices underscores the strength of deflationary forces at work. Although we see Japanese core CPI picking up to 0.5% in 2008, this hardly merits aggressive rate hikes.

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Malaysia Commercial Banking Report provides industry professionals and strategists, corporate analysts, banking associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Commercial Banking industry in Malaysia.

The Report has just been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2011; company ranking and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

Key Benefits

Rely On Our Independent 5-Year Forecasts As A Benchmark to test other views - a key input for successful budgetary and strategic business planning.
Target Business Opportunities & Risks through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments.
Exploit Latest Competitive Intelligence & Company SWOTS on your peers and competitors through company rankings by sales, market share, investments and leading products and services

Coverage

Executive Summary & Swot Analysis
Summary of It’s key industry forecasts and trend analysis, and commentary on key company and industry headline events. Collection of SWOT studies on local commercial banking market, economy and business environment.

Regional Overview
Cross-border analysis on the structure, size and value of the commercial banking sector, including comparative historical data and forecasts on the region’s assets, loans and deposits, as well as bond portfolios.

Market Overview
Outlook of local market, commenting on its structure, size and value.

5-Year Industry Forecast
Annual average growth forecasts for assets, loans and deposits.

5-Year Macroeconomic Forecast
Forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape
Comparative company analyses and rankings by production, sales, % market share, employees, registration date and ownership structure.

Company Profiles & SWOTS
Company profiles, including SWOT (Strengths, Weaknesses, Opportunities & Threats) analyses, fully researched senior executives and full contact details, business activity, leading products and services.

Executive Summary:

From Q108 we will be calculating the Commercial Banking Business Environment Rating (CBBER) for each of the countries surveyed. This will permit a more systematic and comprehensive comparison of the conditions within the banking industries of the various countries than was possible in the past. For each country, it will also facilitate a comparison of the conditions within the banking sector and conditions prevailing in other sectors.

Malaysia’s overall CBBER is 67.5. Malaysia has a fairly high CBBER ompared to other countries in the Asia Pacific region surveyed. Malaysia’s overall CBBER is low compared to the regional leader Hong Kong, but high in comparison to Sri Lanka’s score of 28.4, the lowest in the region. The banking market structure elements of the limits to potential returns have, unsurprisingly, a higher score than the country structure elements (67.5 versus 62.0). In a similar way, the banking market risks elements of the risks to the realisation of returns have a significantly higher score than the country risk rating (76.7 versus 69.9).

Malaysia earns high scores for each of the four banking market elements of the limits to potential returns. In relation to other countries surveyed, Malaysia is a country where total assets are large, the likely growth in total assets is large, the expected growth in client loans is very large and there is reasonably good potential for banks to earn fees from distribution of insurance products and other activities. The key areas keeping the score lower than it could be are legal and bureaucratic elements of the country risk.

Despite risks to the key export sector, strong performances in the mining and services sectors, and improving private consumption, boosted by increased government spending, will ensure economic growth remains robust.

Malaysia’s economy shrugged off sluggish external demand in Q207 as economic growth accelerated for the first time in a year. Economic growth surprised on the upside, increasing 5.7% year-on-year (y-o-y) to beat market forecasts of a 5.5% expansion, bringing annualised economic growth for the first half of 2007 to 5.6% after the central bank revised up Q1 growth to 5.5%. With growth momentum expected to pick up further in the second half of the year, we recognise that there are upside risks to our full-year estimate of 5.5%, but, having said this, we still see a number of reasons to remain cautious towards Malaysia’s growth prospects.

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Philippines Commercial Banking Report provides industry professionals and strategists, corporate analysts, banking associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Commercial Banking industry in the Philippines.

The Report has just been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2011; company ranking and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

Key Benefits of Report

Rely On Our Independent 5-Year Forecasts As A Benchmark to test other views - a key input for successful budgetary and strategic business planning.
Target Business Opportunities & Risks through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments.
Exploit Latest Competitive Intelligence & Company SWOTS on your peers and competitors through company rankings by sales, market share, investments and leading products and services.
Philippines Commercial Banking Report includes:

Executive Summary & Swot Analysis

Summary of It’s key industry forecasts and trend analysis, and commentary on key company and industry headline events. Collection of SWOT studies on local commercial banking market, economy and business environment.

Regional Overview

Cross-border analysis on the structure, size and value of the commercial banking sector, including comparative historical data and forecasts on the region’s assets, loans and deposits, as well as bond portfolios.

Market Overview

Outlook of local market, commenting on its structure, size and value.

It 5-Year Industry Forecast

Annual average growth forecasts for assets, loans and deposits.

It 5-Year Macroeconomic Forecast

It forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape

Comparative company analyses and rankings by production, sales, % market share, employees, registration date and ownership structure.

Company Profiles & SWOTS

Company profiles, including SWOT (Strengths, Weaknesses, Opportunities & Threats)analyses, fully researched senior executives and full contact details, business activity, leading products and services.

Executive Summary

Presidential Elections To Shape Outlook For 2007 And Beyond

The key event of 2007 will be the Philippines’ May congressional elections. The results could have significant repercussions for Gloria Macapagal Arroyo’s presidency, since they could shift the balance of power in the lower house in favour of the opposition. This would raise the possibility of a successful impeachment motion being brought against Arroyo (who has survived two such attempts within the space of a year and remains hugely unpopular amongst the electorate), and at the very least could render her a lame duck president for the remainder of her term in office, as well possibly halting the progress of important reform bills. A good result for Arroyo’s political coalition, which at present holds a solid majority in the House of Representatives, could revive talk about controversial constitutional change.

Growth Should Continue, Despite Hurdles

As anticipated, adverse weather conditions took their toll on the key agricultural sector, with storms damaging crops and infrastructure, while overall growth was supported by strong exports and consumption. Agricultural output contracted by 1.6% quarter-on-quarter (q-o-q) in Q406, following a 0.4% decline in the previous quarter. However, growth in the Philippines slowed in Q406, with the economy expanding by 4.8% year-on-year (y-o-y), down from a revised 5.3% y-o-y in Q306. Positively, robust export growth continued through to the end of the year, in addition to which healthy domestic consumption, which accounts for more than two-thirds of GDP, helped drive the economy’s expansion, supported by record-high inflows of remittances from overseas Filipino workers. Remittances are estimated to have reached at least US$12.3bn in 2006, according to the government.

The outlook for growth this year has improved. While the projected slowdown in the global economy will slow Philippine export growth, overall expansion will be supported by strong domestic demand, as investment revives and consumption remains strong. Furthermore, the US tends to influence demand for electronics exports, which make up over half of the Philippines’ total overseas shipments. Nonetheless, despite our forecast for a slow down in growth in the US, we foresee only a moderate slowdown in global growth, and demand from Japan and China should remain strong this year. As such, Philippine export growth will remain healthy.

The Commercial Banking Sector

In an attempt to improve the banking sector, the government has introduced stricter banking regulations under the Basel II accord. The accord, which will be implemented by July 2007, will help to ensure that financial institutions have enough capital against risky ventures to prevent bank failures. In addition to the implementation of such measures, there is a high degree of discipline relative to other Asian countries in the lending practice of the central bank.

Overall, however, the financial services industry has remained stagnant. At September 30 2006, total assets, loans and deposits amounted to US$81.4bn, US$32.7bn and US$58.3bn, respectively. All three measures indicate that the Philippines’ banking sector is still very small and one of the smallest amongst the countries surveyed by It. In local currency terms, asset growth was 5.8% over the preceding year. By this measure, the Philippines was the 54th ranked country of the 59 for which we have compiled information this quarter. Loan growth was also low at 6.3%; by this measure the Philippines was the 54th largest country in our survey. Deposit growth was also low, at 11.2%; by this measure, the Philippines was the 43rd largest country in our survey. Deposits per capita currently amount to only US$690. At September 30 2006, the loan/deposit, loan/asset and loan/GDP ratios were 56.1%, 40.2% and 27.9%.

Relative to the corresponding ratios in other countries, all three are fairly low. Of the 59 countries for which we have compiled information, the Philippines has the 54th highest loan/deposit ratio, the 45th highest loan/asset ratio and the 50th highest loan/GDP ratio. These ratios imply that the banks are expecting weak performance in the corporate sector.

Philippine banks appear, collectively, to hold bonds worth US$25.5bn; it seems that the banks’ bond holdings rose by 5.1% over the year to September 30 2006. The banks’ bond holdings amount to about 31.3% of total assets. This is a very high ratio of bonds, suggesting that bank lending is being heavily directed towards the government rather than the commercial sector.

Press Reports

Recent reports in the Philippine and international press have generally reflected two key issues, both to do with the steady recent growth of the Philippines’ economy. Firstly, commentators have noticed the increasing value of remittances sent back to the Philippines by its vast army of overseas workers - estimated to be around US$12.3bn last year, and the proportional increase in the value these remittances are adding to the Philippines’ economy. Estimates put the number of Filipino workers abroad at over 10mn, with another 1mn departures in 2006. Workers are increasingly likely to take up skilled and semiskilled posts in areas such as engineering and nursing, raising the value of remittances flowing back into the economy. Additionally, many foreign workers are starting putting their money to work, investing in housing and real estate ventures for example.

This has been helped by what commentators agree is the emergence of the Philippines’ commercial banking sector from a difficult period of characterised by regulatory changes, recapitalisation programmes, high inflation, political instability and other pressures. Mergers within the sector have resulted in new, larger domestic banks, better able to meet foreign competition. Recapitalisation programs are beginning to bear fruit, and are being assisted by an increased demand for remittances, as well as for long term loans for low-end properties, such as from overseas workers. These have helped banks consolidate after meeting new financial regulations, namely the International Accounting Standards (IAS) and Basel II.

To know more and to buy a copy of your report feel free to visit: http://www.bharatbook.com/Market-Research-Reports/Commercial-Banking-Report-Philippines.html

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Contact us at:
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Tel: +91 22 2757 8668
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Singapore Commercial Banking Report provides industry professionals and strategists, corporate analysts, banking associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Commercial Banking industry in Singapore.

The Report has just been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2011; company ranking and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

Key Benefits

Rely On Our Independent 5-Year Forecasts As A Benchmark
to test other views - a key input for successful budgetary and strategic business planning.
Target Business Opportunities & Risks
through our reviews of latest industry trends, regulatory changes, and major deals, projects and investments.
Exploit Latest Competitive Intelligence & Company SWOTS
on your peers and competitors through company rankings by sales, market share, investments and leading products and services

Coverage

Executive Summary & Swot Analysis
Summary of It’s key industry forecasts and trend analysis, and commentary on key company and industry headline events. Collection of SWOT studies on local commercial banking market, economy and business environment.

Regional Overview
Cross-border analysis on the structure, size and value of the commercial banking sector, including comparative historical data and forecasts on the region’s assets, loans and deposits, as well as bond portfolios.

Market Overview
Outlook of local market, commenting on its structure, size and value.

5-Year Industry Forecast
Annual average growth forecasts for assets, loans and deposits.

5-Year Macroeconomic Forecast
Forecasts for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape
Comparative company analyses and rankings by production, sales, % market share, employees, registration date and ownership structure.

Company Profiles & SWOTS
Company profiles, including SWOT (Strengths, Weaknesses, Opportunities & Threats) analyses, fully researched senior executives and full contact details, business activity, leading products and services.

Executive Summary:

From Q108 we will be calculating the Commercial Banking Business Environment Rating (CBBER) for each of the countries surveyed. This will permit a more systematic and comprehensive comparison of the conditions within the banking industries of the various countries than was possible in the past. For each country, it will also facilitate a comparison of the conditions within the banking sector and conditions prevailing in other sectors.

Singapore’s overall CBBER is 74.9. The equivalent figures for the USA and the eurozone are 84.8 and 81.4, respectively. Singapore’s CBBER is higher than that of most other countries in the Asia Pacific region (with the exceptions of Australia, Hong Kong and Japan).

Within the CBBER, the most important aspect is the banking market element of the limits of potential returns. This element accounts for 42% of the overall CBBER. Singapore’s rating for this element (66.9) is lower than the overall CBBER and also lower than the country element (73.2) of the limits of potential returns. Although reasonably small compared to the bigger players in the region, the total assets of Singapore’s banking sector are growing strongly (and are projected to continue doing so). Client loans, however, are growing far less swiftly.

Preliminary data for the third quarter of 2007 suggests that Singapore’s economy has once again exceeded expectations, with activity up 9.4% on the same quarter in 2006. This, combined with strong date for first half of 2007 has led to increase its year-end forecast of 6.5%. The ability of the manufacturing sector to take advantage of supportive external demand conditions, and the city-state’s booming construction industry, were the most significant factors in the results. However, continued moderation in global growth during our forecast period, and a restructuring of Singapore as a more service-oriented economy, will ensure that growth prospects remain limited, leading us to forecast a five-year GDP growth rate averaging 5.1%, which sits firmly within the government’s upwardly revised 4.0-6.0% projection.

Rising inflation, a result of low unemployment rate and a booming property market, has led the Monetary Authority of Singapore to tighten its policy of ‘modest and gradual appreciation’ towards the Singapore dollar. Figures for September 2007 show consumer price inflation rose by 2.7% year-on-year (y-o-y), rising from 0.3% at the start of the year. The upcoming GST hike and elevated oil prices will add to inflationary pressures. As a result, we expected inflation to average 1.7% in 2007, compared with 0.9% in 2006. To stall this accelerating trend the central bank may pursue an even stronger appreciation bias in H108.

To know more and to buy a copy of your report feel free to visit: http://www.bharatbook.com/Market-Research-Reports/Commercial-Banking-Report-Singapore.html

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Contact us at:
Bharat Book Bureau
Tel: +91 22 2757 8668
Fax: +91 22 2757 9131
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Website: www.bharatbook.com
Blog: http://bharatbookresearch.blogspot.com