Keywords: Peter Sands, Standard Chartered Bank, US Fed, Bank Of England, National Bank Of Cambodia, BNM, DICGC, APRA

"A 7% growth in China now is a bigger quantum than 12% was 10 years ago."
Peter Sands, group CEO, Standard Chartered Bank, on China being the most competitive emerging market in the next decade despite short-term volatility.

The following are notes from our Monday morning meeting.

According to the Federal Reserve, US household net wealth is expected to climb 10% to $19.8t in 2013 due to soaring home prices.

Bank of England reported a $455m fall in net lending by banks and building societies in Q1 2013, despite banks having drawn $25b of cheap funds from the government’s FLS scheme.

Total assets of South Africa's banks increased 6.9% to $360.6b in 2012, as the industry showed healthy levels of capitalisation and liquidity.

Total assets of Islamic banks in Turkey grew 25% YoY to $37b in 2012 due to increased demand for Shariah-compliant products and investments.

Asian Banker Research found number of credit cards in South Korea dropped by 4.8% to 116m in 2012, the first decline since 2007.

Asian Banker Research found bank branches and ATMs in Taiwan totalled 3,467 and 26,608 respectively in 2012, growing at a CAGR of only 0.8% and 2.7% since 2004.

National Bank of Cambodia reported total commercial bank loans grew 5% to $6.1b in Q1 2013, as public confidence in the banking industry continues to grow.

According to Bank Negara Malaysia, personal financing by non-bank institutions increased 64% to $13.9b in 2012, as supervision remained lax in the sector.

13 Indian cooperative banks failed in 2012-13, resulting in Deposit Insurance and Credit Guarantee Corporation paying $28m to depositors, a 75% drop compared to 2011-12.

Australia's banks, superannuation funds and insurers will face a combined $111.1m levy to help fund APRA activities.