The study is conducted to measure the performance of public listed banks in five ASEAN countries. This study
covers 63 public listed banks from Malaysia, Singapore, Thailand, and the Philippines over the period of 1997 to
2011. The CAMEL analysis which is based on Capital Adequacy, Asset Quality, Management Efficiency,
Earning Quality, and Liquidity is employed in this study. The objectives of the study are to measure the
performance of public listed banks as well as to compare the performance across countries. The results of the
CAMEL analysis show that Singaporean public listed banks are the top performer as compared to their
counterparts. Next, the comprehensive results reveal that Public Bank in Malaysia, United Overseas Bank in
Singapore, Bank ArthaGraha in Indonesia, Bank of Ayudhya in Thailand and Union Bank of the Philippines are
the top performed banks