PR 10-34

10-04-03(4)
10-34
:
-
10-04-03(4)
10-34
: -
2010 12 27
2010 12 30

137-747 108
02) 3460-1178, 1179
02) 3460-1144
02-2271-3130
1990 11 7 16-375
http://www.kiep.go.kr

2010
1.
10-04-03(4)
:
-
2.
:
-
, , , ,
, , , , , 10
, 1967 (ASEAN) .
2009 -
750 , EU, 4
, 168 ,
3 .

, , , , ,
,
.
, 1997

.
, 2007 , ,
.
2008
72% ,
.
1997 IMF

.

,

. 2000 7.5%
,
.
1997
. IMF 100
,
,
1, 2 . 2000 ,

,

.
2000 2005
. 1997
1980
6 : -
,
,

.
, I, II

.
. 1997

,
.

.

, ,

.

,
.
- .

,

.

.
(CMI)
(ABMI)
.
2009 5 1 - FTA
.
2008
,
.

,
.

.
.

.
8 : -
15
1.
15
2.
17
2
1.
20
20
20
22
2.
28
28
40
45
59
73
3
1.
79
80
80
82
84
2.
87
87
91
93
3.
106
106
108
112
113
117
4.
119
119
122
124
5.
128
128
130
132
137
140
141
6.
146
146
149
4
1.
152
152
153
154
154
2.
156
. ASEAN FTA
156
158
158
159
161
1.
161
2.
164
164
166
167
168
169
171
3.
172
172
173
175
183
Executive Summary
188
2-1. ASEAN
21
2-2.
31
2-3.
37
2-4.
38
2-5.
45
2-6. MF
49
2-7.
52
2-8. (1997 )
64
2-9.
65
2-10.
67
2-11.
73
2-12. ACU
76
3-1.
81
3-2. (2008 )
83
3-3. (2009 )
88
3-4.
94
3-5. (2009 )
96
3-6. 5
97
3-7. (2009 )
99
3-8. 5 (2008 )
101
3-9.
102
3-10. 5 (2008 )
109
3-11.
111
3-12. (2009 )
118
3-13. (2009 6 )
119
3-14.
120
3-15. (2009 )
123
3-16. (2009 )
124
3-17.
125
3-18.
129
3-19.
131
3-20. )
134
3-21.
136
3-22.
138
3-23. ACB
139
3-24.
141
3-25. 100%
142
3-26. WTO
144
3-27.
145
3-28.
146
3-29. (Central Provident Fund)
149
3-30.
149
4-1. GATS
156
4-2. (2009 )
157
5-1.
176
5-2. (2009 )
178
5-3. (2009 )
180
5-4. (2009 )
181
2-1.
69
3-1. (SET)
85
3-2.
86
3-3.
87
3-4. GDP (2009 )
102
3-5.
104
3-6.
105
3-7. (2007~09)
106
3-8. (2009 )
107
3-9. (2008.1~2010.3)
114
3-10.
115
3-11.
116
3-12. (PSEi)
126
3-13.
127
3-14. (2009 9 )
130
4-1. CMI
154
4-2. (Inter Bank Export Loan)
159

2-1.
75
1.
, , , , ,
, , , , 10 ,
1967 (ASEAN)1) .
2009 5.8 , 1.5 ,

. (AFTA)2)
, , , , , 6
2010, , , , 4
2015
1) () (ASEAN) .
2) (AFTA: ASEAN Free Trade Area) 1992 4 ASEAN
(CEPT: Common Effective Preferential Tariff)
.
15
.
2009 -
750 , EU, 4
, 168 ,
3 .
,
, , , .

, , 100%

.

,
.

.

, 1997

.
, 1997
.
(2007) , , ,
,
.
(2001)
16 : -

.

.
,

.
2.
,
, .
, , ,

.
,
, ,
.
1990
,
.

.
17

.

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.

,

.
.
2

. 1997

.
3 , ,

. 4

. , ,
.

- FTA , ,
(ECA)
.
.
18 : -
5 .

,
.
19
1.
.
,
. 1985 ,

. 1980 1990
.

. 1997
, ,
,
.
20 : -
, , , , ,
,
.
,
. ,
(World Economic Forum)
,
4 , , ,
, ,
.
133 2 6
.

,
133 5 .

, 7
.
1)
2-1. ASEAN
2)
68
94
61
93
49
82
(Financial market sophistication)
64
120
56
31
71
33
98

(Financing through local equity market)
117
130
13
15
54
32
11
21
2-1.
(Ease of access to loans)
42
95
21
13
88
35
69

(Venture capital availability)
62
78
15
12
87
49
50

(Restriction on capital flows)
56
58
33
60
68
87
80

(Strength of investor protection)
90
55
42
100
11
126
(Soundness of banks)
39
114
96
38
58
43
111

(Regulation of securities exchanges)
101
126
45
30
77
36
90
(Legal rights index)
36
98
98
83
36
1. .
2. 133 1 .
: World Economic Forum, The Global Competitiveness Report 2009~10.
.
10 , , , ,
, ,
1985
10 .

,
. 1997
.
, ,
,
22 : -
.
(BOT: Bank of Thailand) 1980 1990
,
.
1993 (BIBF: Bangkok International Banking
Facilities) , 1997
.
,
2007 , ,
. 2009
(FSMP: Financial Sector
Master Plan) 2 ,
, .
2008
72% ,
2008 9
.

.
1997 IMF
(Anwar Ibrahim)
.
IMF
1998 1
, (Mahathir bin Mohamad)
.
23
, 1998
1999
.
,

.

,
.

,
. 2001 2
(Securities Commission) (CMP: Capital Market Master
Plan), 3 (BNM: Bank Negara Malaysia)
(FSMP: Financial Sector Master Plan)

. 1998 13.6% 2006
4.8% .

,
.
10 .

30%
.
2000 7.5%
24 : -
. ,
,

.3)

. 2011 9
, , ,
49% 70% .

. ,
, ,
.
1990
. 1996 (Suharto)
,
1997 .
, 1996
1997 . 14%
, 1996 24% 1997
14% .
. 1996
8.8% ,
.
3)
(WEF: World Economic Forum) 2009~10 (Global

Competiti- veness Index) , (Financial Market Sophistication) 133
2, 6 .
25
1997 7 2
,
. 10 IMF
100 , ADB
. 1997
,
.
1990
. 1980

.

.
, 10
.
1986 6

() ,
, ,
. 1990
2001 (NTR)
, 7.5%
. 2006
WTO (PNTR)
,
26 : -

.
2007
13% , 2008
5 25%() 6 27%
.
2008 2007
124 169 ,
67% .

.

69% . , , ,
, , , ,

. 1965

.

. ,
. ,
,
. , .

. ,
,
27
2.
.
1)
)
1997 ,
, ,
.4)
1985
10 .

,
,
.5)
1984
.
1995
, 1995
4) (1998), , 3.
5) 1996 1995 24.2% -3.2% , 8.8% 5.5%
.
28 : -

.
1980
. 1990
(Chatchai Choonhavan) IMF 8
1993 9 (Chuan Leekpai)
(BIBF)
. BIBF

, , ,
, ,
.
BIBF 15 11
,
21
BIBF ,
.

.

.
1996
(finance company)
,
29
, ,
. IMF
,
BIBF
.
)
(1) IMF
1997
7 2
.
IMF
, 8 20 IMF 40
172 . IMF
, ,
.6)
IMF
1997 10
.
6) IMF .

: , (2001).

GDP : 1997 2.5% 1998 3.5%
: 1997 9.5% 1998 5%
/GDP : -5% -3%
/GDP : 1997/98(10.1~9.30) 1%
:

, (7%10%)
,
30 : -
, (FC: Fianancial Companies) ,

(NPL) (FRA: Financial Restructuring Agency)
(AMC: Asset Management Corporation)
, 58
(FRA)
(FIDF: Financial Institutions Development Fund)7) .
12 58 56
,
(AMC) .
2-2.
(: )

(1997. 1. 31. )
(15)
(16)
)
IBFs

(2003. 12. 31. )

(2009. 3. 24. )
31
(13)
(18)
31
(14)
(16)
30
25
IBFs
24
IBFs
17
IBFs
91
18
12
176
83
41
: International Banking Facilities (IBFs) attatched to commercial banks.

: Plearnpit (2009), Thailand and Banking Systems.
. [ 2-2]
1997
7) 1985
. ,
(separate legal entity)
.
31
31 30 , 42 IBFs 91
.
1997 1 176
2009 3 41 .
1998 8
,
, (AMC) ,
. 1999 3 ,
, ,
.
, (World
Bank) 380
.8)
(2)
1997 1999

, 2000
.
2004
(FSMP)9) . FSMP
, ,
.
8) , (2000).
9) Bank of Thailand(2006), Thailand's Financial Sector Master Plan Handbook.
32 : -

.

,
(BAAC)
,
. ,
. ,
.

, .
, ,
, ,
, .
,
,
.
FSMP 3 1(1~3)
, , ,
. FSMP 2(4~6) ,
, , 3
(7~10) 2
.
FSMP 1 2004~08 2009 11
2010~14 FSMP 2 .
33
2)
) 2007
2004 (FSMP)
, 2007
3 , (The Bank of
Thailand Act), (Financial Institutions Business Act),
(Deposit Insurance Agency Act) . 2007
12
,
.
, 5 10),
1 .
, (Capital Adequacy
Ratio) 8% 5%
.
2008 8

.
(Basel)
.
,
25% 49% ,
10) .
34 : -
49% .
2008 8
2009
2012 100
. 2008 9
(Draft Royal Decree) 2011
8 11 , 2012 8
11 1 5,000 2012 8 12 1
100 .
) FSMP

(FSMP) 2009 11 .
FSMP 2004~08 FSMP
2010~14 .
FSMP
.
, , 3
.11)
,
,
2013 (NPL) 2%
. ,
,
11) Bank of Thailand(2009), The Financial Sector Master Plan Phase .
35
,
, ,
(SFIs) 5
. ,
, ,
, IT
, 5
.
3)
)

. 1998
IMF ,
(Nukul Commission)
. 2008 8

. , , ,

(Financial Institution Policy Committee)
.
1942

.12)
36 : -

. , , ,
.
, ,
, , , ,
.
,
.
2-3.
(BOT)
(SEC)

- (Commercial Banks)
- (Financial Companies)
- (Credit Foncier Companies)
-
(Security Companies)
(Stock Market)
(Derivative Market)
(Futures Market)
- (Specialized Financial
Instititutions)
- (Life Insurance Business)

- (Non-Life Insurance Business)
- (Agricultural Cooperatives)

, .

12) , , (2008).
37
, .
,

.
)
1997 10 2008
(FSMP) 1
.
(FC) .

,
.
2003 18 2009 16
,
.
2-4.
(: , )
2004
2005
2006
2007
2008
2009
4/4
1,592
1,659
1,510
1,511
4/4
71.0
74.3
88.5
72.9
70.6
75.0
19.9
22.6
11.6
1.8
15.1
14.3
0.9
1.0
0.7
0.1
0.7
0.7
38 : -
1,504
1,573
2-4.
2004
2005
2006
2007
2008
2009
4/4
75,521
75,843
78,142
84,308
4/4
263.3
284.6
291.6
298.5
738.5 1,050.1 1,047.0
894.6
2.44
3.94
3.91
3.17
: 2009 1/4 .
2009 1/4

50 , 1 4 .
2009
60 , 1 5
.

.

.
,

.

.
39
)
35
,

. 2009 535 ,
1,773 GDP 67% .
2006 0.42%
, 25% .

,
.

.
.
1)
1981 (Mahatir bin Mohamad)

. 1971 1990 (NEP: New Economic
Policy) 1991~97 9%
,
13) 14)
13) 1997 GDP 2.4% -0.2%, -1.0%

.
40 : -
.
1995 GDP 10%
.
.

1997 .
1997 7
.

,
. 1997 3 1
2.49 1998 3 1
4.00 . 1,230
720 41.5% .
2)
1997 IMF

. 1998 7%
4% .
IMF
, 1998 1 -4.8%
14) 1997 170% , 30%

.
41
.

15).

.
. 1998 6 1998
19% , 8
,
, , ,
(National
Economic Recovery Plan) .

. 16)
.

1998 9 1 (Capital Control) 17)
1 3.8 .

,
18).
15) 1998 13.6% .

16) 1998 7 A2 Baa2
, S&P A- BBB+ .
17) ,
, 1,000 ,
10,000 .
18)
.
42 : -
1999 2 4

(exit tax) .

. 2001 5 2
.

,
.

.
.

.

.
3)
)

,
.
( ) 1998 8 11% 9 8%
, 8 8% 9 4% .
43
1998
8% .

(NPL) .
1998 1
1998
9 19).
1998 13.6% 2006 4.8%
.
)
,
.
1998 7 (Danaharta20)),
(Danamodal), (CDRC: Corporate Debt Restructuring
Committee) 3 .
,
.

.
.

. 2001 2
19) (, ): 6 (1997 12) 3 (1998 1

) 6 (1998 9~), (2008) .
20) Pengurusan Danaharta Nasional Berhad.
44 : -
(CMP), 3 (BNM) (FSMP)

.

.
2-5.

(CMP: Capital
Market Master Plan)

,
,
,
,
, ,

.

(FSMP: Financial
Sector Master Plan)
2001~10
,
.
,
, ,
, , .
: .
.
1)
1997
, .
,
,

45
.21)

. , ,
. 1996
22)
.

,
. 1990

.
1996
GDP 45%
.
23)
.
, .
.
, 1995
21)
96
97/7/2
10
12
98/1/6
1/8
IDR/USD
2,362
2,435
2,611
2,944
3,269
3,579
5,500
7,715
9,700
(7.2)
(20.9)
(32.9)
(47.0)
(125.9)
(194.7)
(298.4)
639
730
721
494
547
472
401
402
346
(1.2)
(32.3)
(25.1)
(35.3)
(45.1)
(52.6)
(33.4)
: 1997 7 2 (%).
22) 1995 18.0% 1996 9.6% .

23) 1996 DSR(Debt Service Ratio) 68.6% .
46 : -
.

.
.
, .
24).

.
25),
. 1996

.

.
,
. 1997 6

1997 7
.
, .
, 1997
.
24) 1989~96 4.6 .

25) 1997 5 19.7% .
47
.

.
. 1993 14%
( 19.8%, 7.3%), 1995 10%
( 16.6%, 4.9%) .
2)
) IMF
1997 8

, ( 12%) .
8 2,290
7 11% . 9 16

,
10 8 IMF .
IMF 1997 10 30 100
(stand-by credit) . ADB
45 42
,
26). IMF
, ,
26) 50 , 50 , 30 , 10 , 10 .
48 : -
, ,
.
2-6. IMF

: 1998/99 3.0%( 0% )
: 2 GDP 3%
:

GDP 1%
27)
, ,
: .
) 1 2
IMF 1997 11 1 1
, 16
. 11 3 ,
3
IMF .
, 239 (1997 )

.
12 7 4
.
27) IMF WTO ,

, WTO IMF
.
49

3 2,000 , 2,000

.
1998 1 IMF
, 1 8 1 10,000
. 1998/99
32% , 28)
1998 3
.

1998 1 15
IMF . 2
, ,
, ,
.
IMF
, 3
1 21 1 12,000 .
IMF
.
2000
IMF IMF
28) 1997 200 ,

10% .
.
50 : -
, IMF 2003 .
PPM(Post Program Monitoring)29)
.
3) 2000
)
2004
(API: Indonesian Banking Industry Architecture)
2007 800 , 2010
1,000 .
,
.
2010
(Single Presence Policy)
2012 .
2006 130 2010 3 122
, (tier 1)30) 1,000 2006
91 2008 101 . 2009 19
,
2010 (M&A) .
29) PPM IMF IMF

. IMF
IMF .
30) , , .
(tier 2) ,
( ) .
51
2-7.
(: , %)
2006
2007
2008
10
2.3
3.1
4.8
1~10
25
19.2
28
21.9
33
26.6
1,000~1
63
48.5
68
53.1
62
50.0
18.6
800~1,000
6.2
28
21.9
23
800
31
23.8
0.0
0.0
130
100.0
128
100.0
124
100.0
: Bank Indonesia, Banking Supervision Report 2008.
2009 72.9%
75.6%, 110.6% .
31)
.
(2009 8 6.5% )
16.5% (BI
certificates) ,
.
( 6 )
. 2011 3 1
75% , 100%
.
31) 2010 11 1 5%
8% .
52 : -
)

.
, ,
.
.
(Lender of Last Resort)
(MOU) .

, .
, . 1998
(blanket guarantee scheme)
.
,
.
,
.
. 1998 10(Law Number
10)
, 2004 9
(IDIC: Indonesia Deposit Insurance Corporation) 24
(Law Number 24) . 2005 9
. 2009
1 20 ,
2,025 .
, . , ,
53
3 (Financial System Stability

Committee)
. 2005 12 3
, (steering
forum) (executing forum) .
)
(1) (2000~04)
(BAPEPAM)
2000-2004
.
(IPO) (preliminary prospectus) ,
(bookbuilding)32) . 2003 HIMDASUN
,
2000 29 2004 83 .
2000
, 2002 4 3 .

.
2004 GDP 29.5%( 733
)
33), .
32)
.
33) 2004 GDP 160.6%, 142.6%, 100.6%.
68.8% .
54 : -
,
, ,
.
(2) (2005~09)
BAPEPAM
2005-2009 .
.
, IT
,
. .
, ,
.
,
.
, ,

. ,
. ,
. ,
.
.
4)
1997
55
GDP 50%
. 2000
.
IBRA(Indonesia Bank Restructuring Agency)
2003 ,
.
.
.

,
. ,
.
20% ,
, ,
.
.
)

. , .
,
.
,
.
.
,
56 : -

.
, .

, 1997
.
,
. 2000
.
,

.
, . ,
,
.
,
.
, (Aml: Anti-Money Laundering)
. OECD (FATF34))
2001 35) .
FATF
,
. FATF
34) FATF: Financial Action Task Force.

35) NCCT: Money Laundering list of Non-Cooperative Countries and Territories.
57
,

.
)

20% ,

. , .

.
.
(Ebay)
, 10
50% 60% .

, (BAPEPAM)
.
, .
, .
,

. ,
.
()
58 : -
.
,
.
, . , ,
.
,
.
.
1)
1980 1990
. 1996 5.8%
1997 5.2% , 1998
-0.6% .

1981 1983 1980
1990
.
, ,
, .
)
1980 ,
.
59
,
.

.
15% 36),
.
(universal bank) 1980 5 1990 10
, 1995 25 , 1996 45 .
(BSP: Bangko Sentral ng Pilipinas) 1
, (Secrecy of
Bank Deposit Law)
. 1986
30 . 1987
,

. 1993

.
)
.
1983 1985
, 5
.
36) (Single Borrowers Limit) 25% .
60 : -

. 1981
1987 3, 32 138
.
1
,
.
1986
Philippine National Bank(PNB) Development Bank of the Philippines(DBP)
1,080
. PNB 87%, DBP 67%
,
. 1980 ,
1993
(New Central Bank Act)

.
)
1990
. 1980 1989
, 1984
1989
. 1993 ,

1990 1,863 1997 4,078
61
.
1994 1949
.
1997 1993 2% 6%
1994 IMF 6 8,400 (Extended
Fund Facility) , IMF
. 1994
(Act Liberalizing the Entry and Scope of Operations of
Foreign Banks in the Phillippines and for Other Purposes) .

( 60%),
( 60%) ,

.
150
5 ,
5
6 ,
4
.
)
1980 2%
, , ,

. 1990
62 : -
.
1992 9
100% ,

. ,
, 1992
.
1992 1994 1 6
, 1992
1994 .

.

.
1990
. [
2-8] GDP
,
. 1998
.
1997 7 6

.
63
2-8. (1997 )
(: %)
1997
1998
57
15~20
70~80
5.5
7.0
15~18
69
25~30
80~100
11.0
20.0
8~10
70
15~25
80~100
16.0
22.5
6~10
107
30~40
80~100
7.5
15.0
8~14
100
30~40
80~100
15.0
25.0
6~10
: GDP .
: J. P. Morgan(1998), pp. 305~373, : Marcus Noland(2000), p. 406.
1997 7
20
. ,
1997 6 1 2 1998 9 44 .
, 1990

,
.
2)

.
, I, II ,

.
.
64 : -
2-9.
(: )
1)
1998
1999
(universal banks)
4,500
4,950
5,400
(commercial banks)
2,000
2,400
2,800
(thrift banks)
37)
(rural banks)
2000
250
325
400
52
52
64
26
26
32
13
13
16
1~3 1
2)
6.5
6.5
4~6 2~3
2)

3.9
3.9
4.8
2.6
2.6
3.2
2)
5~6
: 1. 1999 2000 .
2. .
: BSP, Regulations.
)
1998 3 374
1999
2000
.
1998
996 1999 976, 2000 947 . 1999
1 10% 8%
,
37) , , 1(400 ), 2
(320~400 ), 3(240~320 ), 4(160~240 ), 5(80
~160 ), 6(80 ) , 1(55 ), 2
(45~55 ), 3(35~45 ), 4(25~35 ), 5(15
~25 ), 6(15 ) .
65

,
.
)
1997
.
.
,
,

.
.

.

. 1998
CAMEL 38) ()
CAMELS .

38) (Capital Adequacy), (: Asset Quality),

(Management), (Earning), (Liquidity)
(FRB), (FDIC)
1978 ,
. BIS
CAMEL BIS
.
66 : -
.
2001 3 I
, 2002
. I

8% 10% . 2004 12 II
, (pillars)
(Pillar 1), (Pillar 3)
2007 1 . 2009 1 (Pillar 2)

.
,
.
2011 .
2-10.
(: %)
10
25
50
100
: BSP, Regulations.
1999 4
. 5%, 25%
67
.
,
.

1998 12 , ,

, 1999 12 10
.
(ROE), ,
. 1998 9

.
1993

,
(consolidated supervision)
,
. 1998

,
. 2004
(Financial Sector Forum) 2005
.
)
1997 4.7%
68 : -

2001 17.3%
.
2-1.
(: )
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28,000
27,000
26,000
25,000
24,000
23,000
22,000
21,000
20,000
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11,000
10,000
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
20%
18%
16%
14%
12%
10%
8%
6%
4%
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2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
: BSP, Key Statistical Indicators.

2002 (Special Purpose Vehicle Act)
.

,
.
5% ,
69
. 2003
2004 2005
6 9,670 .
7,910 .
2010 6 3.3%
.
3)
)
2008

,
.

.
,
.

.
,
, 2004 , ,
(FSF)
.
, FSF
.
70 : -
IMF 2010 4
FSF

,

.

.
)
1990 1998
996 2009 785 .

2009 8
. 2009
5 -(HHI)39) 613.2
.

.
,

. 1998 3
2000
39) HHI ,
% . HHI 1000
, 1000~1800 , 1800 .
71

.
17 13 2009
5
.
(microfinance)
, -(sari-sari)
.
IT , ATM

.
)
2009 184
10 6 ,
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2/3
.
1/3 150
.
,

.
ADB
2009 6 37% .
.
72 : -

. ,
,
.
.
1)
1968
Asian Currency Unit(ACU)
.
.
2-11.
(: )
2007
2008
2009
2010(3)
197,823.2
214,381.9
219,646.7
227,496.4
532,674.6
498,669.6
460,694.2
478,503.0
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1,052.5
1,187.7
1,487.8
173,972.9
198,635.4
187,872.7
188,599.2
: Monetary Authority of Singapore, Annual Report 2009/2010.

. ()
, 1968
73
.

.

,
(MAS)
.
)

Asian Currency Unit(ACU).
ACU
, . ACU

. ACU

.

.
, 20
.
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.
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(2008 7 31 )
1) ACU (19) .
2) ACU .
3) ACU /
. .
4) ACU ( ) ,
.
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.
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8) ACU , , .
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.
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15) ACU .
, ,
.
16) ACU .
, , .
ACU .
17) ACU , ,
.
18) ACU ,
ACU .
: Monetary Authority of Singapore.

,

.
75
2-12. ACU
(: )
2007
2008
2009
2010
-162.6
-169.1
-160.8
-170.3
6~1
27.0
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15.6
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. 1997~98
,
, ,
.
,
.
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.
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,
.

, MSCI40)
.

,

. ,
,
.
.
,
.

.

, .
,
, .
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. 23 (World)
28 EMF(Emerging Market Free)
, .
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.
MSCI
.
77

.
.

.

.
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1990
.
3 .
10
,
4 , , , , ,
, ,
.
79
1.
.
, ,
41), 42) 4
. , (Commercial Bank)
. 2008
72% .
1997
,
. 2004
, 2002 2008
.
,
, . [ 2-1]
2009~10
133 49 ,
3 , 2, 6

.
41) (SFIs: Specialized Financial Institutions) (GSB: Government

Saving Bank), (BAAC: The Bank for Agriculture and Agricultural
Cooperatives), (GHB: The Government Housing Bank), (Thai
EXIMbank), (Small and Medium Enterprise Development Bank of Thailand),
(SMC: Secondary Mortgage Corporation) .
42) (Finance Companies), (Credit Foncier Companies), ,
(cooperatives) .
80 : -
87,
83
.
2004 (FSMP: Financial Sector Master Plan)
.
3-1.
(SFIs)

(10 )
2002
2008
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10,048
4,804
10,243
1,631
2,164
1,124
1,741
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2008
70.1
72.0
n.a.
n.a.
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15.5
12.2
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: .
, 1997
. 1990
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, , BIBF
.

, , ,

.
, 1990
,

.
81
.
1997

. , ,
, ,
43), 44), ,
.45) 3 46)
Bangkok Bank, Kasikornbank, Siam Commercial Bank
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.
1648)
,
.
43) , , , , (CDO:
Collateralized Debt Obligation), (Securitization) .
44) , , , , , ,
Mutual Fund , Mutual Fund .
45) , , .
46) ACL Bank, Bangkok Bank, Bank of Ayudhya, CIMB Thai Bank, Kiatnakin
Bank, Kasikornbank, Krung Thai Bank, Siam Commercial Bank, Standard Chartered Bank
(Thai), Thanachart Bank, Siam City Bank, TISCO Bank, TMB Bank, United Overseas Bank
(Thai) 14.
47) 2008 2,892 , 1,957 .
48) Bank of America, Bank of China, BNP Paribas, Citibank, Credit Agricole Corporate and
Investment Bank, Deutsche Bank, Indian Overseas Bank, JPMorgan Chase Bank, Mizuho
Corporate Bank, Oversea-Chinese Banking Corporation, RHB Bank, Sumitomo Mitsui
Banking Corporation, Bank of Tokyo-Mitsubishi UFJ, HSBC, Royal Bank of Scotland, ABN
AMRO Bank 16.
82 : -
3-2. (2008 )
( : %, )
49)
ROA
50)
ROE
89.3
11.2
483
323
Bangkok Bank
1.2
11.9
Kasikornbank
1.3
14.4
93.4
9.8
375
252
Siam Commercial Bank
1.5
18.0
100.6
11.0
358
252
Bank of Ayudhya
0.7
6.0
103.7
12.4
215
151
TMB Bank
0.1
1.7
94.2
12.3
173
109
Siam City Bank
1.0
10.6
81.4
9.7
121
76
: BMI, Thailand Commercial Banking Report Q3 2010.

Bangkok Bank 1944 , 5
. 2008 483 , 1,600
850 ,
19, . 2009 12
100%
. , , ,
,

. 2008
(ROA) (ROE) 1.2%, 11.9% /
89.3% .
2 Kasikornbank 1945 (Thai
Farmers Bank)
49) (ROA: Return On Assets) = /

50) (ROE: Return On Equity) = /
83
2008 375 , 770 , 770

. Kasikornbank
, 8 China
Minshen Banking Corporation 2004

. 2008
ROA ROE 1.3%, 14.4% / 93.4%.
3 Siam Commercial Bank 1897

. 1997 1995 4.9%
(NPL) 1998 42.4%
, . 2008
ROA ROE 1.5%, 18.0%
, / 100.6%.
.
1)
(SET: Stock Exchange of Thailand) 1975

1992 .
(SET) , , , ,
, . 1993
GDP 105% , 1994~95
1,400~1,500 , 1998 8
214.53 2002 300~400 . 2003
84 : -
51) 900 , 2008 9

2010
10 1,000 .
3-1. (SET)
1000
900
800
700
600
500
400
300
Jul-2010
Jan-2010
Jan-2009
Jan-2008
Jan-2007
Jan-2006
Jan-2005
Jan-2004
Jan-2003
Jan-2002
Jan-2001
Jan-2000
Jan-1999
Jan-1997
100
Jan-1998
200
: Stock Exchange of Thailand.
(SET) 1999
2 MAI(Market for Alternative Investment), 2003
(Bond Electronic Exchange), 2004
(Thailand Futures Exchange) .
2002
(CMMP: Capital Market Master Plan) .
, ,
, .
51) 2003~07 GDP 5.62%.
85
2)
1997
. 1987~97
, 1992
, (OTC: over
the counter)
.
3-2.
(: 10 )
10,000
8,000
6,000
4,000
2,000
-
1997
1999
2001
2003
2005
2007
2009
: Stock Exchange of Thailand.
10
, , ,
1997 1,970 2009 11 2,650
57 . , ,
,
.

.
86 : -
2.
.
1)
.
(2) ,
67% (BNM), , (investment
bank), , , .
3-3.
: Securities Commission Malaysia.
1959
.
,
1989 (Banking and Financial Institutions Act 1989)

.
87
,
, , , ,
. 2009
13 22 .
(merchant bank), 52)
2006 .
, , , , ,

.
(Islamic Banking
Act 1983) .
(Shariah) , 1983
Bank Islam Malaysia Berhad
.

.
3-3. (2009 )
22
13
15
15
17
11
52) (discount house) 1963 ,

, ,
. 2006 12 31
, .
88 : -
3-3.

15
40
25
()
13
13
: Bank Negara Malaysia.
(2) ( (Takaful)
), , , , , ,
, , , , (Pilgrims
Fund Board)53), (Cagamas Berhad) .
2
, , , ,
. 54) , ,

.
2)
53)
.
54) (Agrobank), (Bank Industri & Technologi Malaysia),
(Bank Pembangunan Malaysia Berhad), (Export-Import Bank of Malaysia),
(MIDF: Malaysian Industrial Development Finance Berhad) .
89
. 2009 11 (Central Bank

Of Malaysia Act 2009) , 1958

.
, (Insurance Act 1996),
(Anti-Money Laundering and Anti-Terrorism
Financing Act 2001) .
, (scheduled)
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.56) , ,
.
, ,
,
.

, , .

,
.
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, , ,
.
56) , ,
, , , ,
, .
90 : -
.
1)
, ,
. ,
.
(Bursa Malaysia Securities Berhad) 1960
, 1973
(Kuala Lumpur Stock Exchange Berhad)
(Stock Exchange of Singapore) . 2004

, , , .
(Malaysian Government Securities)
.
, 1980
(Kuala Lumpur Commodity Exchange)
. ,
(KLCI: Kuala Lumpur Stock Exchange Composite Index) ,
KLIBOR(Kuala Lumpur Interbank Offered Rate) .
1990 (Labuan) (IOFC: International
Offshore Financial Centre) ,
57)
. ,
57) 3% 20,000
, .
91
, , , , , ,
. (LFX: Labuan
International Financial Exchange) , ,
, .
2)
(Securities Commission)
. (Securities Commission Act 1993)
,
, , ,
.
.
, , ,

.
(LOFSA: Labuan Offshore Financial Services
Authority)
,
.
,
(LFX) .
92 : -
.
1)

,
1986 77 (, , ) 2009
54 .
(NPL: Non Performing Loan) 1997 13.2% 2010 3
1.8% ,
, .
(ROA) (ROE) 1997 -0.3%, -4.5%
2010 3 1.4%, 15.2% .
2008
, 2008
11 2009 2 4 150bp 2004
2% .
2008 17.2% 2009 3.1%
. 2009
, (loan-to-deposit ratio) 19
2009 12 75.6% 2010 3 79.2%
.
2008
. BIS(RWCR: Risk-Weighted
Capital Ratio)58) 2008 12.7% 2009 15.4%,
(CCR: Core Capital Ratio)59) 2008 10.6% 2009
93
13.8% BIS 8%, 4% . 2009

1 3,600
830 , 2,700
21% .
3-4.
(: )
2009
2010
887
904
914
929
946
120
127
134
143
141
BIS (%)
13.6
14.0
14.6
15.4
14.9
(%)
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12.3
13.1
13.8
13.2
4,733
4,795
5,199
5,197
5,053
ROE (%)
16.7
16
13.2
16.1
15.2
ROA (%)
1.4
1.4
1.2
1.5
1.4
(NPL)
16,033
15,692
16,007
14,487
14,487
(%)
2.2
2.2
2.1
1.8
1.8
: Bank Negara Malaysia, Quarterly Bulletin.
22 13 .

2011 9 .

, 30%
58) (BIS: Bank for International Settlements) II ,

.
BIS .
59) (tier 1) ,
, , . (tier 2)
( ) .
94 : -
, 100%
.

. ,
, 2009 9
1 (Industrial and Commercial Bank of China)
, 2010 4 3
.

, .
(Maybank) 2008 Bank
International Indonesia(BII) 250
, 2 Commerce International
Merchant Bankers(CIMB)
. 4 RHB
.
2004 5 5.7%
2009 6.9% 2010 7.5%
,
.

,
.
95
2)
)
1970 10 15~20%
. 2009
7,500 , 2012 1 6,000
. 2008~09
,

.
, 9.11
,

.
, HSBC
.
3-5. (2009 )
: Pricewaterhousecoopers.
96 : -
)
1983
Bank Islam Malaysia Berhad .

.
20%
, 2000 6.9%
2009 17.2% . 2010
20% .
2009 , ,
1 .
3-6. 5
(: )
Bank Rakyat
14
13,081
Maybank Islamic Berhad
18
10,667
Bank Islam Malaysia Berhad
23
7,460
CIMB Islamic Bank Berhad
31
5,848
Public Bank Islamic Berhad
35
5,207
: The Banker(2009), Top 500 Islamic Institution.
2004 4 2010 3 11
, 2005
6
. 1 Bank Rakyat 2009 11
131 .
97
95%
, 2009 11 (Dubai
World)
.

,
.
)
,
.
,
.

. , ,
, , , , ,
,
.
(Murabaha),
(Ijara), (Sukuk) (Mudaraba) .
,

.
75% .
.
98 : -
,
.
,
.
,

. ,
, (REIT: Real Estate Investment Trust),
, ,
.
(1)

,
.
3-7. (2009 )
(: )
8,380
5,386
4,940
4,349
Petronas
3,000
1,931
(Saudi Electricity)
1,867
(Terengganu Investment Authority)
1,420
(Khazanah Nasional Berhad)
1,416
: Thomson Reuters.
99
2001 (Kumpulan Guthrie)

1 5,000 , 2002
6 .

2007 330 2009 190
54% .60)
2009 6 48.6%
, 24.5% .
()
3
()
.
(2)
1984 (Takaful Act 1984) 1985
.
15~20% 2015
74 . 2008
106 ( 32 ) 7.2%
. 1 Syarikat Takaful Malaysia
Berhad 2009 11 10 .
60) 2009 14%,

13%, 7%, 6% .
100 : -
3-8. 5 (2008 )
(: )
Syarikat Takaful Malaysia Berhad
1,015
CIMB Aviva Takaful Bhd Berhad
708
Takaful Ikhlas Sdn Berhad
309
Prudential BSN Takaful Berhad
22
49
Hong Leong Tokio Marine Takaful Berhad
24
30
: The Banker(2009), Top 500 Islamic Institutions.
)
, , ,
(OIC: Organization
of the Islamic Conference) , S&P
A- .
1980
, 30
. ,
.

, 2010
20%
,
.
,
,
.
101
3-9.

1983 (IIB: International

Islamic Banking) 1967
2016 10 .
(ITO: International Takaful Operator)

.
(IFMC: Islamic Fund Management Companies)

,
10
.
100%

(IIB), (IIB),
(IFMC) 100% .
: (MIDA).
3-4. GDP (2009 )

(: %)
200
180
160
140
120
100
80
60
40
20
: Asian Bonds Online.
2002 (OIC)
(IFSB: Islamic Financial Services Board)
, 2006
102 : -
(MIFC: Malaysia International Financial Center)

. , 2006
(INCEIF: International Centre for Education in Islamic Finance)

.
3)
) 3
61) .
1998 12.2% , 2009
GDP ,
3 1 .
2009 1,986 10.3%
, GDP 91.7% . 36%
. 51.3%
, 1997
24% 2009 40.4% . ,
1999 64% 2007 44% 2009 60%
,
.
61) 2010 5 S&P A-(Stable),

A3(Stable), A(Stable) .
103
3-5.
(: )
250
200
150
100
50
20
9
10
20
9
09
20
9
08
20
9
07
20
9
06
20
9
05
20
04
) 2
(Bursa Malaysia Berhad) 2002
62)
, 1,000
2009 9,990 ( 3,060 )
. (World Federation of
Exchanges),
(East
Asian
and
Oceanian Stock Exchanges Federation) (International

Securities Services Association) .
(Main Board), 2(Second Board),
62) MESDAQ: Malaysian Exchange of Securities Dealing & Automated Quotation
104 : -
(MESDAQ) 63), 2009 8

2 Main
Market MESDAQ
ACE(Access, Certainty and Efficiency) Market .

.
3-6.
(: 10 , )
1200
1,040
1000
1,020
800
1,000
600
980
400
960
200
940
920
2005
2006
2007
2008
2009
: , .
: Bursa Malaysia, Annual Report 2009.

2008 1,500 ,
2008 50% .
2009 2009 5 1,000 2010
(FTSE Bursa Malaysia KLCI ).64)
63) , 2,
.
64) 2008 1 11 1516.22 2008 10 29 829.41
, KLCI 2009 7 Financial Times Stock Exchange(FTSE)
FTSE Bursa Malaysia KLCI .

, 100 30 .
105
3-7. (2007~09)
1600
1400
1200
1000
800
600
400
200
9
10
11
20
1
10 2
9
10
11
20
1
09 2
9
10
11
20
08 12
20
07
: Bank Negara Malaysia.
3.
.
, ,
.
,
, , , , ,
.
,
.
2003 91% .
2003~09 3%
8.8%, 1% 2.7%
91% 80.6% . , 1980
106 : -

,
. 1994
1997
.
3-8. (2009 )
1.1%
2.7%
3.1%
4.4%
0.4%
8.8%
79.5%
: Bank Indonesia(2010), Financial Stability Review, No. 14.
,
, 1997 . WTO

, .
.
, 1997 7

.
107
.
1)
(Act No.7 of 1992)

,
. (BI: Bank Indonesia)
, .
(Shariah) ,

.65)
1992
, 1994 66)
.

.
,
. 1996
3 (NPL: Non-Performing Loan) 10.6%
, 1997 1998 3 19.8%, 1999
3 58.7% .
,
65) ,
.
66) 1994 100%
, 5,000 ,
(30) .
108 : -
67).
(BI) (fit-and-proper test)
68).
3-10. 5 (2008 )
(: , %)
Bank Mandiri
31,650
25,529
Bank Rakyat Indonesia
21,729
17,796
28.5
Bank Central Asia
21,684
17,597
30.2
Bank Negara Indonesia
17,814
14,408
7.5
Bank Danamon Indonesia
9,472
6,532
14.3
17.8
: Annual Report; BMI.
2010 3 122 4
118, 109 9 ,
1,861 1,718, 143
.
. 14 75%
, 108 4
. 1998 Bank Mandiri ,
1, 900 2,800 ATM .
2008 317 , 255 .
67) 2000 430 , 68 , 13

, 27 , 4 (Bank
Mandiri) .
68) 400 .
109
2)
2008
, . 2009
10% ,
(ROA) 2008 2.3% 2009 2.6%, BIS 16.8%
17.4% .
, 2008 30% 2009 10% ,
2008 74.6% 2009 72.9% .
.
2008 3.2% 2009 3.3% ,
(NIM: Net Interest Margin) 5.7% 5.6% .
2009
GDP 2.4% ,
,
. 2009 GDP
48%, 1 645
.69) 72.9%( 1,530 , 2,099
) , 10.7%
.70)
69) 2009 GDP 156%, 1 20,733 .

70) 2009 122.7%, 6.7% .
110 : -
3-11.
(: %)
2005
2006
2007
2008
2009
89.5
87.0
84.1
88.6
86.6
ROA
2.6
2.6
2.8
2.3
2.6
5.6
5.8
5.7
5.7
5.6
7.6
6.1
4.1
3.2
3.3
59.6
61.6
66.3
74.6
72.9
BIS
19.3
21.3
19.3
16.8
17.4
: BI, Indonesian Banking Statistics.
2000
. 1997 99%
, 1999 11% . 2000

, 2008 (, ,
) 48% .
(NIM) 2009 5.6%
, 99%
. 10
, Rabobank(), DBS
(), Commonwealth Bank of Australia(), Australia and New
Zealand Banking Group() .
3)
2009 10% 2014

21%, 2009 73% 2014 78%
111
. (small enterprises)
(NIM) (NPL)
. 2009
1.7% 3.3%
. Bank Rakyat Indonesia Bank Danamon Indonesia
, Bank Mandiri
.
2010

.
.

. 1991~95
33% .
GDP 2% .
2009 2 4,030 4
,
.
2009 , 2010
1 145.6% 347
. 55.6%, 44.4%
. 152
44.5%
.
112 : -
,
. 2009
87
. 2010
,
.

,
.
17,508 ,
.
.
1)
1912 (JSX:
Jakarta Stock Exchange) 1989 (Surabaya
Stock Exchange) , 2007
(IDX: Indonesia Stock Exchange) .
(Jakarta Composite Index) 2003
,
. 2004
4 1997
823.7 . 10 (Yudhoyono)
1,000
113
(2004 45%). 2005

8 1,192.4
, 8
. 12
1,162.6 (2005 16%).
2006 2007
2008 1 2,800 ,
2008 50% 10 1,111
. 2009 2009 6
2,000 , 2009 87% .
2010 ,
7 3,011 .
3-9. (2008.1~2010.3)
3,000
2,500
2,000
1,500
1,000
500
: Indonesia Stock Exchange.
114 : -
11
20
10
11
20
09
20
08
3-10.
(: , )
2,500
405
2,000
400
1,500
395
1,000
390
500
385
380
0
20081/4 20082/4 20083/4 20084/4 20091/4 20092/4 20093/4 20094/4 20101/4
: , .
: Indonesia Stock Exchange.
1997
1999 207
172.2% . 2000 2005
3.4%, 4.5% .
2008
1,076 . 2009
, 2010 3 2,263
( 2,529 ) ( 400 ).
2)
1997
, 28 .
1998 ,
115
. 1999

. 2003 67.9%
, 34% .
3-11.
(: )
1,200
1,000
800
600
400
9
20 1
10 2
9
20 12
09
9
20 12
08
9
20 12
07
20
05
9
20 1
06 2
200
2010 3 986 ( 1,080

) 15.6% . 2009 GDP
17% , , ,
9 . 71)
893 ( 980 ) 90.7%
, 93 ( 100 ) 9.3% .
, ,
71) 2010 9 S&P BB(Positive),

Ba2(Positive), BB+(Stable) .
116 : -
,
.
.
1)
1992 (Act No.7 of

1992) , 1992~98 1
78 . 1997

(NPL) 72),
.
1998 (Act No.10 of 1998) 1999
(Act No.23 of 1999)
, . 1998~2001
74% 73).
2000 7 (JSX) (JII:
Jakarta Islamic Index) 30
,
.
72) 2000 26.8%, 13% .

73) 1998 4,790 2001 27,180 .
117
2)
3-12. (2009 )
: Pricewaterhousecoopers.
85%
. 2008 4
,

.
2008 35.6%, 31.6%,
42.1% ,
2007 10.7% 2008 12.1% . 2009
(Sukuk) 4,
2 ,
. 2009 3 , 5 ( 4
5,550 ) .
118 : -
4.
.

. (universal bank)
, , ,
, , ,
.
3-13. (2009 6 )
( )
38
50,890
5,640
81,959
35
18
17
43,590
37,640
5,950
4,850
3,840
1,010
72,169
66,110
6,059
( )
7,300
800
9,790
74
5,270
610
13,839
648
1,430
240
24,709
44
130
20
1,997
75
800
640
10,699
46
15,920
1,130
1,627
n/a
n/a
n/a
113
5,040
240
15,870
11,010
10,020
n/a
: BSP, Banking Statistics.

. 1971
73% 1996 80% 2009 80.7%
119
80% .
1971 64.9% 2009 71.4%
.
3-14.
(: , %)
74)
1971
248
100
161
64.9
12
4.8
3.2
181
73.0
67
27.0
1981
2,536
100
1,717
67.7
116
4.6
66
2.6
1,899
74.9
637
25.1
1991
8,981
100
5,991
66.7
475
5.3
159
1.8
6,625
73.8
2,356
26.2
1996
26,370 100 18,762 71.1
1,851
7.0
480
1.8 21,093
80.0
5,277
20.0
1998
34,492 100 25,122 72.8
2,164
6.3
600
1.7 27,886
80.8
6,606
19.2
1999
37,669 100 27,223 72.3
2,235
5.9
619
1.6 30,077
79.8
7,592
20.2
2000
40,779 100 30,136 73.9
2,458
6.0
674
1.7 33,268
81.6 7,5151 18.4
2001
41,598 100 30,705 73.8
2,590
6.2
738
1.8 34,033
81.8
2006
62,571 100 43,926 70.2
4,538
7.3 1,393
2.2 49,856
79.7 12,715 20.3
2007
66,138 100 45,783 69.2
5,018
7.6 1,646
2.5 52,447
79.3 13,691 20.7
2008
74,118 100 52,191 70.4
5,908
8.0 1,639
2.2 59,738
80.6 14,380 19.4
2009
79,701 100 56,941 71.4
5,561
7.0 1,782
2.2 64,284
80.7 15,416 19.3
7,565
18.2
: .
: BSP, Monetary & Financial System Accounts.

1990
. 1970 1980
1965 1986
74) , , , .
120 : -
(Ferdinand Marcos) 1981

1983 . 1986
1992
(Fidel Ramos)
, .

(universal
bank) ,
.

, 1980 Philippine National Bank 1
1990 11, 1997 21
18 . 2009
75.5%.

1997 2008

. GDP
1980 102%, 1983 117% 1988 63%
1997 140% 2009 104%
. [ 2-1]
2009~10 133 ,
93
.
121
.
(Republic Act No.
8791) (commercial bank), (thrift bank),
(rural and cooperative bank), (islamic
bank) .
(universal bank)
. 2009
85.3%,
86.4% . 10
75.4%
60.3% . 10 7
60% .
38 18,
11, 3, 4,
20 7, 3,
10. 10
CITIBANK , ,
10 .
10 1 2009 8,158
SM Group Banco de Oro
Unibank Inc.(BDO). BDO 2006 12 3
Equitable PCI Bank 5 Banco de Oro SM
Group . 2 Metropolitan
Bank & Trust Company(Metrobank) 1962 2009
552 8 . 3
122 : -
Bank of the Philippines Islands(BPI) 1851

, 831
, Ayala Corporation
. 4 Land Bank of the Philippines(Landbank)

. 5 Development Bank of the
Philippines(DBP) Landbank .
Landbank DBP
.
3-15. (2009 )
(: %, )
ROE
4,685
BDO
8.79
70.3
7.19
8,158
Metrobank
10.12
62.4
10.11
6,914
3,394
BPI
13.63
60.0
13.36
5,951
2,835
Landbank
17.20
52.9
11.05
5,106
2,102
DBP
10.46
101.4
16.05
2,921
1,258
: BSP, Banking Statistics.
10 ,
2009 GDP 41.4%, 51.5%
.
2009~10

.
123
3-16. (2009 )
( )
/GDP
(%)
( )
1 GDP
()
1
()
1,376
85.6
887
1,746
640
5,050
285.1
2,796
37,293
41,067
3,973
207.5
3,001
6,897
8,018
3,105
117.7
2,101
3,940
3,094
: BSP; BMI; IFS.
.
1)
1937 8 (Manila
Stock Exchange) ,
(Makati Stock Exchange)
1963 5 (Makati) 30
.

1992 12
(PSE: Philippine Stock Exchange Inc) ,
.
(Pasig City)
MakTrade .
1998 (SEC: Securities and Exchange Commission)

, 2001
.
124 : -
2003 12 PSE
.
2009 249
2003 12 . 2009 801
, GDP 49.8% 2002(50.8%) . [ 3-17]
.
(PSEi) 1997 7 2,750
1998 9 1,120 2003
1,000~1,500 . PSEi 2003 2007
5.5%
3,860 ,
2009 3 , 2010 9
4,070 .
3-17.
(: , %)
GDP
1990
5,930
8,080
48,600
34,300
23,900
1995
58,930
66,585
222,729
148,004
141,507
2000
25,957
26,834
116,935
152,827
29,489
2007
103,224
211,693
325,663
353,489
196,046
2009
80,132
178,191
255,952
310,766
138,189
1990
13.4
7.1
110.4
93.1
28.0
1995
79.5
32.9
250.7
175.6
84.2
2000
34.2
16.3
124.7
164.8
24.0
2007
71.7
49.0
174.4
211.7
79.3
2009
49.8
33.0
132.7
170.5
52.3
: ADB, Key Indicators for Asia and the Pacific 2010.
125
3-12. (PSEi)
4500
4000
3500
3000
2500
2000
1500
1000
2010 7
2009 7
2008 7
2007 7
2006 7
2005 7
2004 7
2003 7
2002 7
2001 7
2000 7
1999 7
1998 7
1997 7
500
: Philippine Stock Exchange.
2)
2009 2 9,120 (
630 ), GDP 37.9% .
2 5,600 1
24.3%, 10 16.9%
.
91, 182, 364 , 2, 5, 7, 10,
15, 25 3 5
. 2010 4 3 5
.
(Bureau of Treasury) , 20%
.
, 3,510
126 : -
( 80 ) .

(bid-offer spread) .
,

. 365

.
20%
.

, , ,

.
3-13.
(: )
700
600
500
400
300
200
100
0
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
: Asian Bond Online.
127
5.
.
1998

, 1990 10
. , ,
, ,
1991 (joint stock commercial bank) , 1992
. 1990
,
. IMF
2001 4

.
,
.
,

2000 30% .

,

. 6%
128 : -
, ,
.
, , ,
,

.
75% 75)
.
3-18.
(: 10 , %)
2000
2001
2002
2003
2004
2005
2006.
2Q
(A)
()
155,700
-
189,100
(21.5)
231,000
(22.2)
296,700
(28.4)
420,000
(41.6)
553,100
(31.7)
597,600
(8.0)
(B)
()
170,600
-
213,500
(25.1)
254,800
(19.3)
320,700
(25.9)
423,200
(32.0)
559,500
(32.2)
649,400
(16.1)
()
108,300
-
131,900
(21.8)
140,200
(6.3)
162,300
(15.8)
216,000
(33.1)
267,500
(23.8)
281,700
(5.3)
A/B
91.3
88.6
90.7
92.5
99.2
98.9
92.0
: Global Insight(2008), Vietnam(Banking).
,
.
,
.
24 ,
. , 5
75) 4 75%, 77% .
129
25% .

, ,
. , 10~15%
.
30 57%
, ,
.76)
3-14. (2009 9 )
(6)
(38)
(5)
( 33)
: (SBV).
.
(SBV: State Bank of Vietnam) 77)
1951 . ,
, ,
.
,
76) (2007), pp. 31~32.

77) 1997 12, (Law on the State Bank of Vietnam) .
130 : -
, M&A, ,
.78)
. , 3

. ,
,
. ,
8% , (NPL)79) 3%
. , ,
80) .
, ,

.
3-19.
2007
2008
2010
()
10
2,200
3,000
3,000
( )
10
1,100
3,000
3,000
10
5~70
1,000
3,000
100%
10
1,000
3,000
15
15
15
: (Nomura Scurities Co., Ltd.).
78) (MPI)
.
79) 90 .
80) MOU .
131
. 2007 ,
1 ( 6,250 ), 1
1~2 2 , 1,610 (1 ) ,
200
BIS 8% .

.

M&A
.
500 200
. 30%,
10%.81)
.
1)
(SOCB: state-owned commercial bank)

100% . 70%
4 .
(VietcomBank: Bank for Foreign Trade of Vietnam) 1963
,
. 2005 137 ( 85 ),
81) 2007 4 10% 15% ,

20% .
132 : -
1 3 ( 8,060 ) .
4~5 20~30% , 2005
240 30%
.
VietcomBank
(IAS) (VAS)
.
VietcomBank 2003 19%, 2004 23%, 2005 14%
, 2003 35%, 2004 35%, 2005
14% .82)
2004 54%, 2005 42% .
/ 2005 56%
.
(BIDV: Bank for Investment and
Development of Vietnam) 1957 , 1995
. 1995

, . BIDV
.
2006 (ROE) 2005 3.6%
13.6% (ROA) 2006 0.4%
, (NPL) 10% 83) .
82) Global Insight, Vietnam (Banking), May, 2008, p.4.

83) (VAS: Vietnamese Accounting System)
.
133
3-20.
(: 10 , %)
AgriBank
VietcomBank
BIDV
2004
2005
2004
2005
2005
2006
161,757
192,319
120,006
136,721
117,976
158,219
129,904
151,655
53,605
61,044
85,434
98,639
-298
290
1,103
1,290
115
613
(CAR)
0.4
3.4
5.9
(NPL)
(ROA)
-0.2
0.2
0.9
0.9
10.5
9.6
0.1
0.4
(ROE)
-61.6
37.1
15.2
15.0
3.6
13.6
/(LDR)
140.9
126.2
60.6
55.7
99.6
86.7
: .
(AgriBank:
Vietnam
Bank
for
Agriculture and Rural Development) 30%

. AgriBank
(ROA) 2005 0.2% , / 126%
. (CAR) 0.4%
. 2005 (ROE)
37.1% ,
. AgriBank 2005
2.3%

.
(Incombank: Industrial and Commercial Bank of Vietnam),

(AgriBank) (Poor Bank),
134 : -
(Mekong Housing Bank) .

.
2)

, IMF
2001 9
.
,
. ,
(AMC) ,
Incombank, BIDV, VietcomBank
. 2002
, 2004 14 ( 8,895
)84) . 2001
11.8%, 2002 9.0%, 2003 5.0%, 2004 4.6%
.85) , ,

60% .
2004
14~15%,
84) 2004 , 1=15,740.

85) .
135
IBRD 15~25%
. (SBV)
, 2005 5
.86).

.
, 2002 7 5
2 10 3,900 ( 6 9 )
. 2002 9 4 9 (3
1 ), 2003 6 1 9 (1 2 ), 2003 9
11 2 5 (1 6 ), 2004 8 7 (4
), 2005 1 9 (6 ) .
3-21.
(: 10 )
1
2
3
4
5
2002.9 2003.6 2003.11 2004.8 2005.1
1,500
700
700
690
2005.1
3,590
5,870
BIDV
1,200
400
950
120
2,670
3,866
Vietcombank
1,000
400
400
400
2,200
3,300
Incombank
1,000
400
400
400
2,200
3,300
200
200
800
4,900
1,900
2,450
690
920
10,860
: JCIF.
86) , ( 90 , 5%), ( 90~180,

20%), ( 181~360, 50%), ( 361 , 100%)
. .
136 : -
. 2005 9,
VietcomBank .
2006 2010 51%
. 2007 12 (IPO)87)
2008 . (BIDV)
2008 .
(IncomBank) 2009 .
.
(Joint Stock Commercial Banks)
1988 , 1991
. 1990

.

. 1995
(NPL) ,
. 1998

, 1999 2
, , 4 ,
87) IPO(Initial Public Offering)

. ,
IPO .

.
137

. 2000 10
2001 10 700
88), 500 ( 333 )
.
. 2010

. ,

.
. 2005 6 Standard Charterd
(ACB) 8.56% , 8 ANZ
Bank (sacombank) 10% .
3-22.
(: )
2007. 2
Hanoi Building Commercial Joint Stock

Bank (Habubank)
Deutsche Bank
20%
2007. 1
Vietnam Technological & Commercial

Joint Stock Bank (Techcombank)
HSBC Holdings
10%
72
2006. 3.
Vietnam Joint Stock Commercial Bank

for Private Enterprises (VP Bank)
OCBC
10%
16
2005. 12.
Vietnam Technological & Commercial

Joint Stock Bank (Techcombank)
HSBC Holdings
10%
17
2005. 6.
Asia Commercial Bank
Standard Chartered
8.56%
22
2005. 3.
Saigon Thuong Tin Joint Stock

Commercial Bank(Sacombank)
ANZ Banking Group
10%
27
: EIU(2007), Vitenam Business; Foreign Banks march in, 5 Feb. .
88) 466 , 2001 10 15,022.
138 : -

. HSBC 2007 1 25
Techcom Bank 10%
, Deutsche Bank 2 1 Hanoi Building Commercial
Joint Stock Bank(Habu Bank) 20%
.
1 10%

.
.

1993 ACB(Asia Commercial Bank)
5 , 2006
. 70%
63% , 7%
. 30% Connaught Investors, Dragon Capital, IFC, Standard
Chartered Bank .
3-23. ACB
(: 10 , %)
2003
2004
2005
2006
10,855
15,417
24,273
44,645
5,352
6,698
9,382
17,014
132
212
299
505
(CAR)
12.0
10.9
(NPL)
0.1
0.2
(ROA)
1.22
1.37
1.23
1.13
(ROE)
23.5
30.0
23.3
29.8
/(LDR)
59.7
53.2
46.9
50.6
139
ACB 39%
, .
2004 42%, 2005 57%, 2006 84%
, (ROA)
2003 1% , (ROE) 30%
. 40%
, 39%, 30%, 23%
, / 50%
.
.
5 (Joint Venture Banks) ,
, , 4
1,500 .
1990

Indovina Bank
United World Chinese Commercial
Bank .
. 12
( )
20( )

.
140 : -
3-24.
(: )
ShinHan Vina
Indovina
Vinasiam(2)
VID Public
Vietcombank
Incombank
Agribank
BIDV
United World
Chinese
Commercial
Bank
Siam Commercial
Bank & Charoan
Pokphand Group
Public Bank
Berhad
( )
50:50
50:50
34:33:33
50:50
20
20
15
20
: KIEP(2007), .

,

.89)
.
.
, ,

.
.
1)
100% 90)
89) KIEP, ; , 2007.3.

90) 100% 2006 2 28 2006 3 24
141
3-25. 100%
- 50% 1 ( )
. 100%
.
- 100% 100 ,
200
.
- 99 . 180
( 60)
90 .
- 30%
49%
: .
, ,
2001 - 2010
2006 6 1
WTO
2010 ,
, 91) 25 GDP 3%
2010 GDP 10%
, ,

.
91) 2005 21 , 3 8 ,
2,500 25 .
142 : -

.
, , , M&A
.
2)
2006 11 17~18
(APEC)
(WTO)
. WTO
, ,
, , ,
.

.
. ,
2011 100% . ,
WTO . ,
2007 1 6.5
, 2010 1 . ,
30% .
143
3-26. WTO
- , , 50%
, , 100% ,
, 100%
, WTO 5 100%
- WTO 4
.
1 : 600%
2 : 700%
3 : 900%,
4 :
- WTO 6
.
1 : 500%
2 : 650%
3 : 800%
4 : 900%
5 : 1000%
6 :
-

30% .
-
,
,
.
: KOTRA(2006), WTO .
3)

.

.
144 : -
3-27.
(: , %)
2001
2002
2003
2004
2005
968
880
858
843
1,956
8.5
8.0
6.0
4.6
7.7
: (2007), p.74.
2005
70% 7.7%
, 15% .

(DATC: Debt and Asset Trading Company)
.
, .
6% ,
. 4
7080% , 37
1015%
.
, . 2006 11 22,

.
2008 1 ( 6,200 ), 2010 3 ( 1 8,700
) ,
.
.
145
3-28.
2008
2010
: 2 2
: 1 1
3
(1 8,750 )
3
(1 8,750 )

50~700
1
(6,250 )
3
(1 8,750 )
1
(6,250 )
3
(1 8,750 )
100%
1
(6,250 )
3
(1 8,750 )
1,500
1,500
1,500
: .
6.
.
.
(MAS:
Monetary
Authority
of
Singapore), (DBS: Development Bank of Singapore),

(CPF: Central Provident Fund) .
1)
(MAS)
. MAS 1970 1971 1 1

.
.
146 : -
.
1970 1971 1 1 MAS
. MAS , ,
,
.
1977 4 , 1984 9
MAS
. MAS ,
, 2002 10 1
.
2)
(DBS)
1968 . DBS
. DBS
,
30% .
DBS 100
, , , ,
.
DBS
1972 (Post Office Savings Bank) 1998
.
10

147
.
.
3)
1955 7 1 (CPF)
,
, 1968
.
.
.
1965

, 1968 (HDB: Housing
and Development Board) CPF
.
.
1970 CPF ,
.
CPF CPF
CPF .
, 1987
55 CPF
.
,
.
148 : -
3-29. (Central Provident Fund)

(: )
2007
2008
2009
2010(1)
18,185.0
20,293.6
20,186.2
6,134.2
11,629.9
11,028.5
10,781.8
2,477.5
5,867.9
5,847.0
5,836.5
1,378.7
1,076.7
1,302.9
1,476.4
299.7
1,064.3
1,078.8
846.0
211.3
(Finance
Company), (Merchant Banks), .
3-30.
(: %)
47.5
8.1
17.1
6.3
23.2
-6.8
: Ministry of Trade and Industry of Singapore.
1)
(Commercial Bank) , ,
, ,
.
(Local Bank) (Foreign Bank) .
2001
149
.
50% , 3
7 .

, (ATM) .
QFB
(Qualifying Full Bank) .
1999 10 20 ABN AMRO, Banque National de Paris, Citibank
Singapore Standard Chartered Bank 4 QFB
, 2001 12
HSBC . QFB 15
2004 6 QFB 25
, 2005 1 10 . QFB
, 2002 7
. , ,
.
2001 12, (RB: Restricted
Bank) , QFB
1
. (Offshore Bank)
1973 .

. 1978 6 ,

, 5,000
.
150 : -
2)
(Merchant Bank)
,
. ,
, , ,
, .

,
.
.
151
1.
-

. -

. , , (ODA)
, ASEAN
, , , ASEAN

.
ASEAN+1 ,
.
152 : -
2005 5
.
.
2000 5 ASEAN+3
ASEAN 3
. 2009 5 3
ASEAN+3
, CMI( : Chiang Mai
Initiative) (multilateralization)
.
, , CMI
16%, 32%, 32% 1,200 960 ,
3 2:4:4.

,
.
, (ADB)
. ,
(ABMI: Asian Bond Market Initiative)
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180 : -
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, 2009 3,
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(http://www.kotra.or.kr).
(http://www.globalwindow.org).
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, 07-03. . (12)
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. . (9)
. 2008. . (12)
. 2003. : . .
1. 1998. .
, 98-1. . (1)
ADB Asian Bonds (http://asianbondsonline.adb.org).

. 2010. KEY Indicators for Asia and the Pacific 2010.
Alburo, Florian A. 1999. The Asian Financial Crisis and Philippine Reponses:
Long-Run Considerations. The Developing Economies, XXXVII-4
(December)
Asia Times (http://www.atimes.com).
Association of Islamic Banking Institutions Malaysia (http://www.aibim.com).
Bangko Sentral ng Pilipinas (BSP) (http://www.bsp.gov.ph).
Bank Indonesia (http://www.bi.go.id/web/en).
. 2002. The Blueprint of Islamic Banking Development in Indonesia.
(September)
. 2010. Financial Stability Review, No. 14. (March)
184 : -
Bank Negara Malaysia (BNM). 2009. Financial Stability and Payment Systems
Report.
Bank of Thailand. 2009. The Financial Sector Master Plan Phase .
(November)
. 2006 and 2007. Supervision Report.
. 2006. Thailands Financial Sector Master Plan Handbook.
BAPEPAM. 2005. Indonesia Capital Market Master Plan. (August)
Business Monitor International (BMI). 2010. Malaysia Commercial Banking
Report. (May)
. Thailand Commercial Banking Report Q3 2010.
Bursa Malaysia. 2009. Annual Report.
Central Bank of Malaysia (http://www.bnm.gov.my).
Economist Intelligence Unit (EIU). Country Commerce (http://www.eiu.com).
. 2007. Vietnam Business; Foreign Banks March in. (February 5)
. Viewswire (http://viewswire.eiu.com).
Global Insight. 2008. Vietnam (Banking). (May)
. (http://www.globalinsight.com).
Hamada, Miki. 2003. Transformation of the Financial Sector in Indonesia. IDE
Research Paper, no. 6. (September)
IMF. 2010. Philippines: Financial System Stability Assessment Update. IMF
Country Report, No. 10/90. (April)
Indonesia Deposit Insurance Corporation (http://www.lps.go.id/v2/home.php).
Indonesia Stock Exchange (http://www.idx.co.id).
Intal, Ponciano S. Jr. and Gilberto M. Llanto. 1998. Financial Reform and
Development in the Philippines, 1980-1997: Imperatives, Performance
and Challenges. Dicussion Paper Series, No.98-02. Manila: Philippine
Institute for Development Studies. (January)
Islamic Banking and Finance Institute Malaysia. 2009. Islamic Finance Bulletin.
(June)
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Jakarta Post (http://www.thejakartapost.com).

J. P. Morgan. 1999. Asian Fianancial Markets, pp. 305-373. (January). :
Marcus Noland. 2000. The Philippines in the Asian Financial Crisis:
How the Sick Man Avoided Pneumonia. Asian Survey, Vol. 40, No. 3
(May-Jun., 2000) pp. 401-412. University of California Press.
Malaysia International Islamic Financial Centre (www.mifc.com).
MCG Management Consulting Ltd. 2006. Study on competitiveness and impacts
of liberalization of financial services: The case of banking services.
Report to UNDP in Viet Nam conducted in the framework of the
project Capacity Strengthening to Manage and Promote Trade in
Services in Viet Nam in the Context of Integration (or Trade in
Services Project - VIE/02/009) funded by UNDP and implemented by
the Department of Trade and Services of the Ministry of Planning and
Investment (MPI). (May)
Ministry of Trade and Industry Singapore (http://app.mti.gov.sg).
Monetary Authority of Singapore. 2009 and 2010. Annual Report.
. (http://www.mas.gov.sg).
Philippine Stock Exchange (http://www.pse.com.ph).
Satsanguan, Plearnpit and Sukanda Lewis. 2009. Thailands Financial and
Banking Systems. Thammasat University.
Pricewaterhousecoopers. 2010. Gateway to Asia - Malaysia, International Islamic
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Securities and Exchange Commision of the Philippines (http://www.sec.gov.ph).
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187
Executive Summary
Strategic Industries of Southeast Asia:

Finance
Kyeh Ryong Chung, Seung ho Sohn, Jin Kyung Lee, and Sea Rhin Lee
Southeast Asia, in general, refers to the area represented by the 10

ASEAN member countries: Brunei, Cambodia, Indonesia, Laos, Malaysia,
Myanmar, the Philippines, Singapore, Thailand and Vietnam. ASEAN has
developed close economic relations with Korea. As of 2009, it is Korea's 4th
largest trading partner after China, the EU and the Middle East
with the
trade volume of US$75 billion and the 3rd largest overseas direct investment
destination after China and the US with the cumulative total of US$17 billion.
The most prominent feature of financial sectors commonly found in
Southeast Asian countries is that they are underdeveloped relative to real
economic sectors. Also, banks are dominant financial intermediaries with little
competition from shallow domestic capital markets.
The Asian financial crisis of 1997 brought about economic recession in
Thailand, and in the course of recovering from the crisis the country had to
undergo severe financial restructuring process. The Thai government's efforts to
move forward to strengthen and diversify financial markets continued with the
188 : -
Financial Sector Master Plan II pronounced in 2009.

When the Asian financial crisis hit Malaysia, it refused to resort to IMF
bailout but pushed through fiscal tightening policies of its own. However, as it
failed to alleviate the situation, the Malaysian government veered to an
expansionary policy. As it attributed the main cause of the crisis not to its
own macroeconomic fundamentals but to international hedge funds' attack, it
imposed strict capital controls and introduced a dollar peg system. In addition,
the government tried to induce financial restructuring led by private sector and
reinforced the financial regulatory and supervisory bodies to lessen the
financial turmoil. With the measures in place, the financial sector's asset
quality and profitability remarkably improved. Malaysia's financial sector is
now regarded as the main growth engine growing at an annual average rate of
7.5% since 2000. Competition with foreign institutions driven by the
government's strong financial liberalization policy is expected to enhance
efficiency and growth of the financial sector.
When Indonesia spiraled into a financial crisis in 1997 triggered by the
plunge of rupiah and insolvency in the financial sector, it signed a US$10
billion stand-by agreement with IMF which requested the government of
Indonesia to carry out an economic reform program. To comply with it, the
Indonesian government undertook financial reform measures such as banking
sector restructuring. The banking sector reform policies since the 2000's
include higher minimum capital requirements and the single presence policy.
Also, to protect depositors from banks' insolvency, the government built a
financial safety net, giving the central bank the role as the lender of last
resort providing liquidity in case of emergencies and establishing the Indonesia
Deposit Insurance Corporation (IDIC) and the Financial System Stability
Committee. Additionally, the government adopted the Capital Market Blueprint
189
Executive Summary
from 2000 and Capital Market Master Plan from 2005.

The Philippines, which had experienced an economic crisis in the 1980s,
had already implemented various reform policies before the Asian financial
crisis. For example, it had undertaken institutional reforms such as the
introduction of single borrower credit limit, problem banks restructuring, and
deregulation in establishing new banks including foreign banks. As a result,
the Philippines was relatively unaffected by the Asian financial crisis compared
to its neighbor countries. As post-crisis measures, the Philippine government
raised the minimum capital requirements to induce mergers and acquisitions
among banks, and gave priority to risk management in terms of financial
supervision, introducing Basel I and II successively as well as loan-loss
provisions. Additionally, with a private-sector-led framework to dispose banks'
distressed assets, the Philippines strived to improve the soundness of the
financial industry.
Vietnam was also able to pass through the Asian financial crisis without
a big economic shock. But over time, the accumulation of distressed assets
and inefficient management of state-owned commercial banks became a
problem of Vietnam's financial system. Since the most urgent issue in the
financial sector is the disposal of distressed assets, the government has
introduced restructuring programs, which is still an ongoing issue.
Singapore has pushed forward deregulation measures and tax reforms
since the early stage of economic development to promote the financial market
to a strategic industry. Singapore was able to gain foreign investors' confidence
thanks to the continuous growth of real economy and accumulation of foreign
assets owing to its high saving rate. Also, Singapore's strategic geographic
location overlapping with both the European and Asian working hours played
an important role for its financial market development. Furthermore, as
190 : -
Singapore's industrial structure is closely connected to multinational companies

due to the open market policy, financial market liberalization and globalization
policies were easily undertaken. Against this backdrop, Singapore was able to
become an international financial hub.
Having similar export structures, ASEAN member countries are in
competition in international markets and vulnerable to intra-regional exchange
rate volatility. Therefore, they are facing challenges to come up with effective
measures to stabilize the exchange rate volatility as well as to prepare a
counterplan for ASEAN's short-term liquidity shortage. An enhanced financial
and monetary cooperation between ASEAN and Korea is expected to
contribute to tackle the issues. As for cooperation measures between the two
parties, we would suggest the followings: progressive entry by Korean financial
institutions into the region; cooperation in infrastructure building such as the
Korea Stock Exchange supporting the establishment of stock exchanges in
ASEAN countries; and sharing Korea's development experiences in the
financial sector through Knowledge Sharing Programs (KSP) of the Korean
government.
To give more concrete examples of the multilateral cooperation measures,
firstly Korea can make full use of the ASEAN+3 Asian Bond Market
Initiative (ABMI) which has so far shown a significant progress since Chiang
Mai Initiative. Secondly, Korea-ASEAN FTA Trade in Services Agreement,
which entered into force on May 1st 2009, can be very helpful for financial
cooperation among participating nations by facilitating trade and investment in
the region. Lastly, interbank lending can be another effective way to enhance
interactions among financial institutions in the region.
As bilateral cooperation measures, Korea can expand its participation in
the Thai Baht bond market as Thailand has done since 2008 as a major
191
Executive Summary
foreign investor in the Korean bond market. Regarding the Malaysian financial
market, Korea can target the local Islamic financial market as a strategic
channel for foreign currency funding. However, as legal framework is not yet
ready in Korea, first of all, relevant rules and regulations must be enacted to
make the issuance of Islamic bonds possible. As for relations with Indonesia,
Korea can promote cooperation with Indonesian financial supervisory bodies
and enter the market in forms of consultancy services to local financial
institutions. Korea can help the Philippines to develop its financial market by
investing in infrastructure. Even though the Vietnam economy is relatively
small and vulnerable to external factors, its growth potential motivates Korean
manufacturing companies to enter the market, which accordingly requires more
local services from the Korean financial institutions. By establishing more
financial institutions' branches and offices in Vietnam, Korea will be able to
strengthen its presence in the local financial market.
192 : -
()
University of Texas at Austin
(, E-mail: krchung@koreaexim.go.kr)

2010 (, 2010)
()

(, E-mail: aojai@hanmail.net)

(, 2009)
(2008)
()

(, E-mail: jinkyung22@koreaexim.go.kr)

(2010)
()
/
(, E-mail: srlee@koreaexim.go.kr)

2010 (, 2010)
Strategic Industries of Southeast Asia:

Finance
Kyeh Ryong Chung, Seung Ho Sohn, Jin Kyung Lee, and Sea Rhin Lee

PR 10-34

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10-04-03(4)

3-29. (Central Provident Fund)

3-4. GDP (2009 )

4-2. (Inter Bank Export Loan)

(Financial market sophistication)

(Ease of access to loans)

(Legal rights index)

(WEF: World Economic Forum) 2009~10 (Global

, (FC: Fianancial Companies) ,

: International Banking Facilities (IBFs) attatched to commercial banks.

11) Bank of Thailand(2009), The Financial Sector Master Plan Phase .

- (Life Insurance Business)

: Plearnpit (2009), Thailand and Banking Systems.

738.5 1,050.1 1,047.0

13) 1997 GDP 2.4% -0.2%, -1.0%

14) 1997 170% , 30%

15) 1998 13.6% .

19) (, ): 6 (1997 12) 3 (1998 1

(CMP), 3 (BNM) (FSMP)

22) 1995 18.0% 1996 9.6% .

24) 1989~96 4.6 .

27) IMF WTO ,

28) 1997 200 ,

29) PPM IMF IMF

: Bank Indonesia, Banking Supervision Report 2008.

3 (Financial System Stability

34) FATF: Financial Action Task Force.

36) (Single Borrowers Limit) 25% .

38) (Capital Adequacy), (: Asset Quality),

: BSP, Key Statistical Indicators.

: Monetary Authority of Singapore, Annual Report 2009/2010.

: Monetary Authority of Singapore, Annual Report 2009/2010.

40) MSCI(Morgan Stanley Capital International index):

41) (SFIs: Specialized Financial Institutions) (GSB: Government

Siam Commercial Bank

Siam City Bank

: BMI, Thailand Commercial Banking Report Q3 2010.

49) (ROA: Return On Assets) = /

2008 375 , 770 , 770

(SET: Stock Exchange of Thailand) 1975

51) 900 , 2008 9

: Stock Exchange of Thailand.

51) 2003~07 GDP 5.62%.

: Stock Exchange of Thailand.

: Securities Commission Malaysia.

52) (discount house) 1963 ,

: Bank Negara Malaysia.

. 2009 11 (Central Bank

13.8% BIS 8%, 4% . 2009

: Bank Negara Malaysia, Quarterly Bulletin.

58) (BIS: Bank for International Settlements) II ,

Maybank Islamic Berhad

Bank Islam Malaysia Berhad

CIMB Islamic Bank Berhad

Public Bank Islamic Berhad

: The Banker(2009), Top 500 Islamic Institution.

(Terengganu Investment Authority)

(Khazanah Nasional Berhad)

2001 (Kumpulan Guthrie)

60) 2009 14%,

Syarikat Takaful Malaysia Berhad

CIMB Aviva Takaful Bhd Berhad

Takaful Ikhlas Sdn Berhad

Prudential BSN Takaful Berhad