• At the aggregate level, the Asia Pacific (APAC) bank dividend growth rate is expected to moderate to 7% in fiscal 2022 to reach US$209 billion, from 14.7% in fiscal 2021 .
• Dividend growth for Chinese banks, the region’s largest dividend contributor, is expected to slow due to the strict pandemic policy and its implication on the economy – the average dividend growth for the “big four ” is expected to be 6.4% in FY22, compared to 11.5% in FY21.
• While the majority of APAC banks are poised to profit from rising interest rates, the path to future growth could be different, even for banks in the same market.
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This article was published by S&P Global Market Intelligence and not by S&P Global Ratings, which is a separately managed division of S&P Global.