Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Thematic (Sector/Industry)

<p>It should be no surprise that US banks’ credit costs have turned to reversals. This is the case for the largest banks reporting, even if not for all the community or regional banks. What may surprise though is that despite this, credit costs for FY20 remain exceptionally high compared with recent years. This suggests that credit costs can remain low during FY21. </p>

It should be no surprise that US banks’ credit costs have turned to reversals. This is the case for the largest banks reporting, even if not for all the community or regional banks. What may surprise though is that despite this, credit costs for FY20 remain exceptionally high compared with recent years. This suggests that credit costs can remain low during FY21. 

United States

Royal Financial Inc. is the holding company of Royal Savings Bank. The bank attracts deposits and offers residential mortgages and consumer and commercial loans.

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Royal Financial (RYFL US)

US Banks – Crumbling Credit Costs

It should be no surprise that credit costs are in reversal for some. What may surprise though is that despite this, credit costs for FY20 remain...

Daniel Tabbush

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