The Asian Banker AB is an evaluation of the largest banks in the Asia Pacific region for the financial year Industrial and Commercial Bank of China remained the largest bank in the region. Meanwhile, the top 10 ranking remains relatively unchanged, with the only exception of Sumitomo Mitsui Financial Group moving up the ranks to seventh place, overtaking Mizuho Group. Chinese banks continue to dominate the list represented by banks. Their total assets accounted for The drop can be partially attributed to regional bank mergers in Japan.
Alongside the overarching top , there are also region-specific rankings. According to the report, Filipino banks put together a combined increase of In terms of pre-tax profit growth, Vietnamese banks dominate the top ten with five entries. In , the country experienced a banking crisis after years of mismanagement and corruption. As we pointed out in our own analysis of Vietnam, the Vietnamese Central Bank has wholly restructured the sector. Things are on the up - but with one caveat. But there is such a thing as doing too well when it comes to banking.
Southeast Asia’s banks are growing - but there’s danger ahead
Bramer Banking Corporation , commonly known as Bramer Bank , is a financial institution based in Mauritius  with its head office is situated at Port Louis and currently under statutory management. It was one of the commercial banks licensed by the Bank of Mauritius , the country's central bank and the nation's banking regulator. On April 2, Bramer Banking Corporation's banking license was revoked by the Bank of Mauritius to avoid systemic risks to the domestic financial system. Indeed, Bramer Bank had been experiencing large withdrawals of deposits placing it in a precarious liquidity situation  in an alleged Ponzi scheme.
BANGKOK, June 6, — While the digital revolution has already brought many benefits to Southeast Asia, the region has a unique opportunity to achieve even faster progress by reinforcing the foundations of its growing digital economy. To realize this vision, a new World Bank report, The Digital Economy in Southeast Asia — Strengthening the Foundations for Future Growth, analyzes the opportunities and challenges facing the region to scale up digital development, and for ensuring the economic and social dividends of technology can reach everyone. To help our private sectors governments also need to transform themselves: to use technologies such as data analytics and intelligent systems, develop our digital platforms and harmonize our approaches to regulatory procedures particular for cybersecurity, digital identity, and data management. Regulatory bottlenecks and a lack of trust in electronic transactions stifle the growth of digital systems. This groundbreaking research can help ASEAN countries overcome these challenges to create strong, inclusive digital economies.