PUBLICATION — Jul 07, 2022
APAC Banking Outlook
By Ralph Chen
• On an aggregate level, the growth rate of Asia Pacific (APAC) banking dividends is expected to moderate to 7% in fiscal year (FY) 2022 to US$209 billion, compared with FY 2021's 14.7%.
• Dividend growth of Chinese banks, the region's biggest dividends contributor, is expected to slow down owing to the stringent pandemic policy and its implication on the economy - the average dividend growth for the "big four" is expected to be 6.4% in FY22, as compared with 11.5% in FY21.
• While the majority of banks in APAC are set to embrace the tailwind from higher interest rate, the path of future growth might be dissimilar, even for banks in the same market.
For more information, please contact dividendsapac@ihsmarkit.com
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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.