The latest results from the Kadence Business Omnibus (KadBUS) survey of financial decision-makers in Asia Pacific indicates that small and medium sized businesses prefer local banks. It also suggests that they choose banks based on their specialist products and knowledge, not just the amount of credit they offer.
KadBUS surveyed 300 SMEs in each of Malaysia, Singapore and Thailand. In Singapore and Thailand, 74% of those who thought SME banking services had improved put these improvements down to a wider range of services and products specifically aimed at SMEs. 63% of respondents in Singapore say they have seen improvements in the knowledge of bank staff, but this drops to just 33% in Malaysia and 9% in Thailand. Respondents in these two countries were more likely to cite an extensive branch network as a reason for overall improvements.
All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.
Register (free) for Daily Research News
REGISTER FOR NEWS EMAILS
To receive (free) news headlines by email, please register online