Two Indonesian banks, Bank Mandiri and Bank Rakyat Indonesia (BRI), have entered the Asia Pacific (excluding China and Japan) country listings in 19th and 20th place, respectively. Mandiri's Tier 1 capital grew from $7.33bn to $10.44bn in 2016 and BRI's from $6.77bn to $10.17bn.
This growth has pushed the two banks up in the 2017 Top 1000 ranking to 126th and 127th positions, respectively. Indonesian banks also feature strongly in the highest movers ranking, with three lenders present.
The rise of the two Indonesian banks means the total number of Taiwanese banks in the regional ranking drops from two to one. Thai bank Siam Commercial Bank also loses its place in the listing.
At the opposite end of the Asia-Pacific top 25, ANZ Banking Group bumps National Australia Bank down to second place and takes the lead. As in 2016’s ranking, Australian banks take the top four spots. Asia-Pacific’s new entrant in the global ranking with the highest Tier 1 capital is also from Australia. Newcastle Permanent Building Society enters the ranking in 897th, with $581m in Tier 1 capital.
At seven, the total number of South Korean banks in the Asia-Pacific top 25 is unchanged. But the country's top lender, in seventh place, is KB Financial Group, which has overtaken Korea Development Bank.
As in the 2016 ranking, Taiwan is the highest mover in the Asia-Pacific top 25. Industrial Bank of Taiwan grew its Tier 1 capital by 90.84% to $1.24bn in 2016. Malaysia Building Society and Kazakhstan’s Tsesnabank enter the highest movers listings with Tier 1 capital increases of 35.36% and 32.43%, respectively.
Indian banks have endured mixed results in the Asia-Pacific top 25. State Bank of India and ICICI Bank retain fifth and 14th positions, respectively, while HDFC Bank moves up two to 16th. However, Axis Bank drops two places to 24th. Meanwhile, Indian lender Bandhan Bank heads the top five return on capital listings at 96.21%.
