Are European banks weakening? Asian banks are filling in the gap

• According to a McKinsey survey of the 500 largest banks in the world, their ROE averaged 9.9 percent in the first half of 2014, within a whisker of the long-term average of 10 percent.
• Banks in Emerging Asia report average ROE of about 15%.
• Among advanced economies, US and Canadian banks had  ROE of over 9%, 
•  Western European banks: ROE about  2% .
• According to BIS data, between 2008 and 2014, the share of Eurozone banks in international claims on Emerging Asia more than halved to just 15% 
• The share of Asian banks almost doubled to 60%.

From  

Opening address by Mr Ravi Menon, , Managing Director of the Monetary Authority of Singapore, at the Symposium on Asian Banking and Finance, jointly organised by the MAS and the Federal Reserve Bank of San Francisco, Singapore, 28 May 2015.

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