Slower economic growth, rising non-performing loans and competition from new entrants will combine to dent regional banks’ $1tn profit pool. Meanwhile Goldman Sachs estimates that Chinese technology companies will nearly quadruple the size of their financial services market by 2020, adding more than $10bn to operating profits.
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Asian lenders give way to Asian techs
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Slower economic growth, rising non-performing loans and competition from new entrants will combine to dent regional banks’ $1tn profit pool.
Get in touch
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