Mainstream
Banks on steady footing
Stephanie Jacob | 24 Aug 2018 00:30
Banks play a crucial role in a country’s economy and financial system.

They do not only have to deliver value to their owners and shareholders, but must also have the ability to withstand downturns or they could pose a threat to the whole financial system.

For this reason, it is important to continuously monitor banking risks even during times of recovery or optimism, to ensure that the better outlook is driven by optimism over financial performance and improving resilience.

In this month’s Focus List we evaluate all nine out of the 10 listed banks by testing them across five categories (see How we evaluated them) to assess their strength and resilience.

Public Bank rose one rung from last year to take the top spot on our list with an overall score of 2.55. It was ranked first in two of five categories, having the best score in terms of non-performing assets to total assets and efficiency ratio. It is perhaps unsurprising that the bank scored well in these two categories given its reputation for stringent lending rules.

Taking second spot is Alliance Bank which did well to outpace its larger-cap peers and get an overall score of 3.05. The SME-focused banking group has the second smallest market cap among the country’s listed banks.

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