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  • Competition for this year’s best house for securitization was fierce. Despite the Covid-19 pandemic, new issuance in China’s ABS market still rose 16.1% to Rmb2.585 trillion ($396 billion) during Asiamoney’s awards period, between October 2019 and the end of September 2020, Wind data shows.
  • It was an easy decision to give the auto ABS house award to Citic Securities. The advantage the securities house has in the market is impossible to overlook.
  • CICC underwrote six commercial mortgage-backed securities (CMBS) deals with a total value of Rmb16.52 billion ($2.53 billion) during the awards period, representing a market share of 27.67%. In terms of CMBS issuance deal numbers and volumes, the securities house ranked first and second respectively.
  • For the third year in a row, China Merchants Securities (CMS) has stood out from the crowd in China’s residential mortgage-backed securities (RMBS) market.
  • The Chinese account receivables securitization market has expanded dramatically over the years. In 2017, there were 141 deals with a total value of Rmb158.6 billion ($24.3 billion). By 2019, there were 569 new deals worth Rmb428.5 billion. In the first 11 months of 2020, 739 deals with a total value of Rmb653.1 billion were sold, Wind data shows.
  • Khan Bank has a vice-like grip on this award, and for good reason. Its stranglehold on a vast but thinly populated market is all but complete: most parents open up an account at Khan when their child is still in the womb.
  • Trade and Development Bank of Mongolia’s long-planned merger with Ulaanbaatar City Bank (UCB), announced in June 2020, made good sense on many levels.
  • It will be fascinating to watch LendMN develop as the effects of Covid-19 lessen. Founder Anar Chinbaatar’s big idea was to build a digital payday lender that could approve and disburse a loan in minutes. When LendMN opened for business in 2017, issuing small, unsecured loans, that process generally took most traditional Mongolian lenders several days to do.
  • It has been a busy year for all lenders, but particularly for TransBank. It increased its share capital in the first nine months of 2020 by Tug22 billion, to Tug72 billion ($25 million): this boosted its capital adequacy ratio to 43.48% from 31.5%, and made it Mongolia’s second-highest capitalized lender. The increase brings it in line with central bank demands and improves not only its risk tolerance, but also its ability to deliver the right services to the right customers.
  • Mongolia is an unusual country in many ways. It is vast with poor infrastructure. It has a tiny population, but its cities, particularly the capital, suffer from appalling air pollution. People with disabilities suffer most.
  • It’s oddly fitting that MUFG Bank would pick a former high school rowing star for its new CEO. Those skills will come in handy considering the rough seas Japan’s financial system will have to navigate in 2021.
  • Korea Investment & Securities is a worthy winner of this award. The Seoul-based financial institution’s investment banking team had a good year, defined by a strong and steady flow punctuated by big-ticket deals.