Few Asian banks seen as good franchises

LESS than 10% of the approximately 300 banks with a retail focus in Asia, demonstrate the processes that would make them attractive long term franchises that investors will be interested in, said a research and publication company, the Asian Banker. 

This is based on its database of 300 top Asian banks and from analysis submitted, the findings were that Asian banks are still very product-centric, it said in a statement on Thursday in conjunction with its Excellence in Retail Financial Services Award 2002.