Presentation to Client XYZ - JP Morgan Asset Management
Presentation to Client XYZ - JP Morgan Asset Management
Presentation to Client XYZ - JP Morgan Asset Management
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J.P. <strong>Morgan</strong> <strong>Asset</strong> <strong>Management</strong> Standard Template 2009.pptJan-04Jul-04Jan-05Jul-05Jan-06Jul-06Jan-07Jul-07Jan-08Jul-08Jan-09Jul-09Jan-10Jul-10Jan-11Jul-11In ASEAN the credit cycle has recovered...•Credit growth outside Indonesia is now showing more sustained strength than in the years prior <strong>to</strong> 2008* Thai, S’porean, M’sian and Philippine bank credit growth averaged 4.5% yoy from 2001-07. Since 2008 the average has been 11.5%.40.030.0Bank credit growth, % yoy20.010.00.0-10.0Indonesia Malaysia PhilippinesSingaporeThailandSource: Haver, CEIC, UBS
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