Asia accounts for 31% of global banking assets in 2011 from 15% in 2000.
According to Bank of America Merrill Lynch, Asia’s banking industry accounts for 31% of global financial industry in terms of assets. It has been the fastest growing banking market in the world, especially in the past four years (post the financial crisis).
"Given ongoing deleveraging in both the EU and US, Asian banks have become increasingly important names globally. The size of Asia Pacific bank assets, as a percentage of the global total, has risen from just 15% in early 2000 to 31% in 2011."
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