Asia loan bankers are bracing for tougher competition and thinner margins as subdued deal flow and stronger borrower bargaining power reshape the lending landscape. Bloomberg data show G3 loan volumes in Asia-Pacific excluding Japan fell 6.7% in 2025 to a two-year low of USD189bn, as tariff uncertainty and elevated US interest rates led some companies to delay dollar borrowing or shift to local-currency funding. Over the same period, G3 bond issuance jumped 27% to a four-year