International Banks - Asia

The selection of large Asian banks, listed on U.S. over-the-counter (OTC) markets or on the NYSE, may not be as 'international' as could be expected 

Besides the giant Chinese State banks, included in the present theme, the Chinese banking and fintech sectors are discussed in more detail in 'Finance' 

With a few exceptions such as poorly traded Japan's giant Postbank  - OTC and NYSE trends should be representative of the banks' share prices on their home markets

Bank performances cluster in line with their respective domestic markets

• Extreme in Indonesia (and not included in the theme) - considering the poor performance of every national bank of the country (as of July '25)
  • PT Bank Negara Indonesia
  • PT Bank Central Asia
  • PT Bank Rakyat Indonesia
  • PT Bank Mandiri

• Japanese banks - apart from giant  and quasi-institutional Postbank - perform well but seem less in favor than China's banks 
  • Sumitomo Mitsui Trust 
  • Sumitomo Mitsui Financials 
  • Mitsubishi UFJ Financial 
  • Mizuho Financial 

• South Korea's banks offer a unique insight on the country's markets - with high performances and listings on the NYSE
  • Woori Financial 
  • Shinhan Financial 
  • KB Financial 

Singapore's DBS Group  is perhaps the closest to an 'international' bank if its low volatility and strong performance are anything to go by 

Chinese banks and Hong-Kong based banks are well represented and dominate the selection

The selection does not include 

• highly volatile shares in OTC trades - Malaysia's Malayan Banking   
• poorly traded (though significant on home markets) - Japan Post Holding
• Japan's large cap Resona Holdings  - quite volatile  with a year-to-year high performance which does not align with yen-based performance (ticker 8308 on Tokyo exchange)

OTC prices, often irregularly traded on U.S. markets, are impacted by unreliable volatility and delayed quotes - control of performance on home markets is highly recommended before investment decision