Opportunities outside China A long way from a financial crisis We believe Asian banks will experience an earnings growth slowdown in the next 12-18 months, rather than the kind of financial meltdown we saw 12 years ago. We believe governme...

In Russia, we are initiating with an Overweight rating on Bank VTB (target USD10) and an Underweight on Sberbank (USD3.1) In Kazakhstan, we initiate with an Overweight on HSBK (USD21), an Underweight on KKB (USD14) and Underweight (V) ALLB...

Banks Disintermediation: Global Lessons for Korean Banks An ongoing increase in customer assets Amid financial disintermediation, which is a structural trend, we think banks could eventually benefit through fee income generation unless the...

RBC Canadian Financial Services Beacon Investing in Canadian banks ahead of a credit cycle Event Many factors that depressed stocks have improved since mid-March, and bank stocks have rallied as a result. We maintain our view that investor...

Going for that extra spice Banks posted solid 1Q08 results across the board We saw solid performances across the board for banks in 1Q08. Overall net profit surged by 37% y-y and 412% q-q, bolstered by 17% growth in net interest income, 24...

Investment Case Strong oil price The UAE is the worlds fifth largest oil exporter and given the high price of oil has led to record oil revenues for the government. The significant petrodollar revenue has resulted in current account and fi...

German banks Still facing headwinds Alexander Hendricks, CFA Research Analyst (49) 69 910 31928 alexander.hendricks@db.com 1Q2008 underlying profits down 22%; expect ongoing challenges Large German banks reported an average 22% reduction i...

Greek Banks A more conservative look on Greek Banks 1Q08 results preview The liquidity crunch and the continued strong demand a nd growth of loans has increased Greek banks interest for deposits and has resulted in a fierce competition in...

BANKING OUTLOOK 2008 REINITIATION OF COVERAGE Year of funding Turkish banking sector experienced a robust period Banks funded growth through security liquidation since 2002. The portion of the securities in the banking assets declined subs...

目录 Snapshot 3 nking System and Regulation 4 e Central Bank of Jordan 4 ectronic Check Clearing ECC 4 edit Bureau 5 curitization 5 rporate Governance and Central Bank 5 lamic Banking 6 terest Rate Structure 8 Interest on Deposits Credit F...