DUBLIN, Ireland--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/reports/c90703) has announced the
addition of Taiwan Commercial Banking Report Q1 2008 to their
offering.
The Taiwan Commercial Banking Report provides independent
forecasts and competitive intelligence on Taiwan's commercial banking
industry.
From Q108 we will be calculating the Commercial Banking Business
Environment Rating (CBBER) for each of the countries surveyed by BMI.
This will permit a more systematic and comprehensive comparison of the
conditions within the banking industries of the various countries than
was possible in the past. For each country, it will also facilitate a
comparison of the conditions within the banking sector and conditions
prevailing in other sectors.
Taiwan's overall CBBER is 70.8. The equivalent figures for the USA
and the eurozoneland are 84.8 and 81.4, respectively. Taiwan's CBBER
is mid-ranged within a regional (Asia Pacific) context, but quite high
internationally.
Within the CBBER, the most important aspect is the (banking)
market structure element of the limits of potential returns. This
element accounts for 42% of the overall CBBER. Taiwan's rating for
this element (73.8) is higher than the overall CBBER and higher than
the country structure element of the limits of potential returns
(63.9). It should also be noted that the Taiwanese banking sector has
reasonably large total assets relative to those of the other countries
that BMI has surveyed. Growth in assets, loans and deposits is,
however, very slow by international standards, and Taiwan is ranked in
the bottom few countries, of the 59 surveyed, for growth in each area.
Taiwan's strong Q207 GDP figure, on the back of strong exports and
an upsurge in private investment, has prompted us to revise up our
full-year 2007 GDP estimate from 4.1% to 5.1% for 2007. This is a move
we have been considering for some time, on the back of encouraging
macroeconomic data in H107, but we still see considerable risks to the
continuation of the current recovery. These include still-sluggish
domestic consumption, the risk of lower exports in H207 due to the US
sub-prime meltdown and the corporate sector holding back investment
due to political uncertainty connected with the upcoming parliamentary
and presidential elections. We are also upbeat about the prospects for
2008 and we have raised our 2008 GDP forecast from 4.1% to 4.7%.
That exports rose in Q207 was perhaps not surprising, considering
the high momentum in China, the rest of East Asia and the EU. Orders
from China and Hong Kong increased by 24.7% year-on-year (y-o-y) in
July 2007, up from 15.6% in June, underlining our view that rapid
growth in China will buttress Taiwan's recovery. Export orders from
the EU and Japan increased by 32.5% y-o-y and 25.7% y-o-y,
respectively, in July, providing a strong indication that the momentum
of the export sector will be maintained or may even accelerate in
H207. Export orders from the US were, however, weaker in July,
increasing by a meagre 6.5%. Further weakness can be expected
following the slowdown of the US housing market and connected credit
problems. US retail sales have been weakening over 2007 and it is
possible, if not likely, that the current real estate market downturn
will exacerbate this trend.
For more information visit
http://www.researchandmarkets.com/reports/c90703.
Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
Fax: +353 1 4100 980
Copyright Business Wire 2008
