South Korea dominates Asian banking M&As

Posted by Anton Murray Consulting on 28 Jan, 2015

Stefanie Garber

A South Korean consolidation push has underpinned the value of mergers and acquisitions in the Asia-Pacific banking sector, a new report by SNL Financial has found.

The analysis – which looked at Asia-Pacific banks covered by SNL Financial – found 26 deals took place in the region over 2014 with a total value of $16.76 billion USD.

This represents a slight decrease in total value since 2013, when 25 deals were recorded totalling $21.81 billion USD, SNL found.

The report suggested bank consolidation in South Korea had been a driving force in the banking sector over the past year.

“South Korea was a hub of bank activity in 2014, with seven deals announced — more than any other Asia-Pacific country. India and China accounted for five and three announced deals, respectively,” the report said.

“Of the 12 domestic transactions in 2014, four involved South Korean banks, making the country the most active in terms of domestic consolidation.”

In terms of deal volume, however, China emerged as the most active country in the region, according to the report.

“The country saw 25 bank transactions totaling US$39.09 billion between 2010 and 2014, accounting for more than 24 per cent of the deal volume in the Asia-Pacific region,” it said.

The data showed the majority of deals were domestic transactions, with 54.5 per cent of deals made between domestic companies compared to 43.8 per cent in 2013.

The highest disclosed deal value in 2014 was Singapore-based Oversea-Chinese Banking Corp Ltd’s acquisition of Hong Kong-based OCBC Wing Hang Bank Ltd for a total of $4.95 billion USD.

Investor Daily

Latest market insights

Why nuance matters in ESG investing

› Read more

Fed issues warning to banks over crypto-assets

› Read more

Asset managers urged to adopt uniform ESG standards

› Read more

Greenwashing concerns dampen ESG enthusiasm

› Read more

Asset managers urged to adopt uniform ESG standards

› Read more

Twitter feed

This is an exceptional Unit Pricing Analyst position, working for a highly-regarded super fund based in Melbourne on an initial 6-month contract:

Why nuance matters in ESG investing:

Our client is a leading Australian financial institution seeking an experienced and knowledgeable Treasury Operations candidate to join and lead their small Treasury Ops team:

Our client is a leading fund that invests directly and indirectly in all major asset classes. They are seeking candidates with performance analytics experience for a contract role in Melbourne:

Sign up to our newsletter

Sign up to our newsletter

"*" indicates required fields

By subscribing to our newsletter I agree to the collection, use and disclosure of my personal information in accordance with our Privacy Policy