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Finding Balance 2019: Benchmarking the Performance of State-Owned Banks in the Pacific

Finding Balance 2019: Benchmarking the Performance of State-Owned Banks in the Pacific

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Finding Balance 2019: Benchmarking the Performance of State-Owned Banks in the Pacific

Longueur:
256 pages
2 heures
Sortie:
Aug 1, 2019
ISBN:
9789292617059
Format:
Livre

Description

This report profiles the roles, performance, market context, and regulatory frameworks of 13 state-owned banks in 10 Pacific countries. A key finding is the considerable business financing gap in the region, particularly for small-medium enterprises and sectors such as agriculture and fisheries. The report suggests that state-owned banks could address this demand, but would need to do so on commercial terms and without distorting local markets. These institutions would need to strengthen their balance sheets and risk assessment practices and operate under the same market disciplines as private banks. Finding Balance 2019 is the sixth comparative study of state-owned enterprises in the Pacific and the first to focus on the banking sector.
Sortie:
Aug 1, 2019
ISBN:
9789292617059
Format:
Livre

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Finding Balance 2019 - Asian Development Bank

FINDING BALANCE 2019

BENCHMARKING THE PERFORMANCE OF STATE-OWNED BANKS IN THE PACIFIC

AUGUST 2019

Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO)

© 2019 Asian Development Bank

6 ADB Avenue, Mandaluyong City, 1550 Metro Manila, Philippines

Tel +63 2 632 4444; Fax +63 2 636 2444

www.adb.org

Some rights reserved. Published in 2019.

ISBN 978-92-9261-704-2 (print), 978-92-9261-705-9 (electronic)

Publication Stock No. TCS190360-2

DOI: http://dx.doi.org/10.22617/TCS190360-2

The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Governors or the governments they represent.

ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. The mention of specific companies or products of manufacturers does not imply that they are endorsed or recommended by ADB in preference to others of a similar nature that are not mentioned.

By making any designation of or reference to a particular territory or geographic area, or by using the term country in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area.

This work is available under the Creative Commons Attribution 3.0 IGO license (CC BY 3.0 IGO) https://creativecommons.org/licenses/by/3.0/igo/. By using the content of this publication, you agree to be bound by the terms of this license. For attribution, translations, adaptations, and permissions, please read the provisions and terms of use at https://www.adb.org/terms-use#openaccess.

This CC license does not apply to non-ADB copyright materials in this publication. If the material is attributed to another source, please contact the copyright owner or publisher of that source for permission to reproduce it. ADB cannot be held liable for any claims that arise as a result of your use of the material.

Please contact pubsmarketing@adb.org if you have questions or comments with respect to content, or if you wish to obtain copyright permission for your intended use that does not fall within these terms, or for permission to use the ADB logo.

Corrigenda to ADB publications may be found at http://www.adb.org/publications/corrigenda.

Note:

In this publication, $ refers to United States dollars unless otherwise stated.

ADB recognizes China as the People’s Republic of China, Ceylon as Sri Lanka, and USA as the United States.

Cover design by Cleone Baradas.

CONTENTS

TABLES, FIGURES, AND BOXES

FOREWORD

Pacific island countries have long recognized the importance of private sector development to achieving their goals for sustainable and inclusive economic growth. To this end, many of the policy and legal reforms they have undertaken in recent years have sought to strengthen the enabling environment for small business by removing barriers to formalization and improving access to finance.

State-owned banks, which are present in almost every Pacific island country, can play an important role in channeling finance to the private sector—and in some countries, they already do. As is the case with state-owned enterprises (SOEs) more broadly, the effectiveness and sustainability of state-owned banks depend on their ability to operate commercially and provide services on a non-distortionary basis. In this regard, Pacific state-owned banks are no different to the more than 250 state-owned banks around the world; their core challenge is to demonstrate additionality—that is, to provide financial services that would not otherwise be provided and do so profitably, or through their presence make their respective banking systems more competitive.

Despite their shared purpose, this study illustrates the heterogeneity of state-owned banks in the Pacific as well as globally. At the same time, it identifies the key feature of the most successful state-owned banks: a strict adherence to commercial principles. These banks demonstrate that a development mandate is not only compatible with commercial results, but that the sustainability afforded by operating commercially deepens development outcomes.

This is the sixth comparative study of SOE performance in the Pacific undertaken by the Asian Development Bank’s (ADB) Pacific Private Sector Development Initiative (PSDI), and the first to focus exclusively on state-owned banks. It reflects ADB’s commitment to increasing cooperation and sharing knowledge and best practices among its member countries, and advances the thought leadership on finance and SOE reforms that PSDI has provided over its 12 years of operation.

The number of countries participating in the Finding Balance studies has grown with each edition, with this edition assessing 13 state-owned banks in 10 countries. The participating countries (Cook Islands, Fiji, the Federated States of Micronesia, the Marshall Islands, Palau, Papua New Guinea, Samoa, Tonga, Tuvalu, and Vanuatu) were selected for their comparability and willingness to share the challenges faced by their state-owned banks.

I thank the participating state-owned bank management

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