Recently Released Market Study: South Korea Commercial Banking Report Q3 2012
Structural Change Bodes Well For Sector BMI View: South Korean banks appear to be going through a fundamental change in their external debt profiles, having increased sharply their holdings of long-term external borrowings in order to repay and reduce their reliance of short-term debt. Liquidity conditions have also been improving since the 2008/09 crisis. While earnings are expected to slide in 2012, adequate capitalisation and improving liquidity conditions will help to buffer banks against a short-term downturn. Following on from...
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