Taiwan’s Mega International Commercial Bank and CTBC Bank entered the Asia-Pacific (excluding China and Japan) country listings in 23rd and 24th place, respectively, after their Tier 1 capital grew from $6.57bn to $7.44bn in 2016 and from $6.61bn to $7.38bn. They rose by 18 and 14 spots, respectively, in 2016’s global ranking to reach 162nd and 164th positions. The highest climber in Asia-Pacific is also from Taiwan: KGI Bank’s Tier 1 capital swelled by 213.32% to $1.62bn.
Meanwhile, although one Indian bank (Bank of Baroda) fell out of the Asia-Pacific Top 25, all Indian banks in the 2016 Asia-Pacific ranking – some of the strongest in the country – improved their positions. This is despite growing concerns over asset quality and capitalisation in India’s banking sector after the Reserve Bank of India, the country’s central bank, forced institutions to disclose the full extent of their non-performing loans (NPL) in financial year 2015-16.
