Keywords: Anshu Jain, Deutsche Bank, FDIC, Co-operative Bank, Niall Booker, South African Reserve Bank, PBoC, DBS, APRA

"Have you ever seen a bank with the balance sheet the size of a G7 country fail?"
Deutsche Bank co-Chief Executive Anshu Jain, brushing aside concerns that the bank posed a risk to the country’s financial system due to its size.

The following are notes from our Monday morning meeting.

According to FDIC, US banks’ collective earnings rose 17% YoY to $40.3b in Q1 2013, as profits from fee income soared while losses from NPLs reduced.

UK’s Co-operative Bank appointed former HSBC veteran Niall Booker as CEO, replacing Barry Tootell.

South African Reserve Bank reported unsecured loans increased by 16% in 2H 2012 to $47b due to high unemployment and household debt.

Saudi Arabian banks’ combined loan portfolio increased 15.8% to reach an all-time high of $277.3b in March 2013, driven by the government’s $500b infrastructure development plan.

Asian Banker research data found total bank deposits in South Korea grew at 4.5% to $924.5b in 2012, slower than 2011’s 8.5% and 2010’s 16.3%. Click here for more.

China's PBoC reported bank card transactions in Q1 2013 totalled $16.21t, up 19.34% due to increased retail spending by the country’s burgeoning middle class.

Asian Banker Research found ATM growth in Vietnam slowed to 7%, as of 2012, to 14,269, compared to 21% and 13% in 2011 and 2010 respectively. Click here for more.

According to DBS, Rmb liquidity in Singapore is expected to grow threefold to $48.9b by 2015/16.

Bank credit to Sri Lanka’s government surged to $795m in March 2013, an astounding 174% growth from February, as it attempts to plug revenue shortfall from loss-making SOEs.

According to Australia’s APRA, authorised deposit taking institutions posted profits of $6.9b for Q1 2013, up 30.4% as operating expenses were cut in loan businesses.