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Improved financial inclusion could boost APAC bank revenues by US$88 bil: EY

Samantha Chiew Published on Fri, Jan 12, 2018 / 1:09 PM GMT+8

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SINGAPORE (Jan 12): Banks across Asia-Pacific (APAC) have the potential to boost bank revenues in emerging markets across the region by US$88 billion ($117.2 billion) by 2020, according to EY.

Globally, bank revenue has the potential to reach as high as US$200 billion through increased servicing of financially excluded consumers and micro, small and medium enterprises (MSMEs) in 60 emerging countries, according to EY report Innovation in financial inclusion: Revenue growth through innovative inclusion.

EY’s financial inclusion heat map has shown that China has the greatest potential revenues from financial inclusion, estimated at US$63.4 billion, while Thailand and Vietnam are estimated at US$8.5 billion and US$5 billion respectively, also featuring among the top 10 countries globally.