Share the article
twitter-iconcopy-link-iconprint-icon
share-icon

Top 1000 World Banks - China boosts its numbers while ICBC retains lead

More Chinese banks won places in the Top 1000, with Industrial and Commercial Bank of China again number one, although the country now only has three of the top five places. Stefania Palma reports.
Share the article
twitter-iconcopy-link-iconprint-icon
share-icon
China 2017

Chinese banks continue to rise in prominence in the global Top 1000 ranking. In total, 126 Chinese banks feature in the global listings – seven more than last year. China is only second to the US, which features 165 lenders in the Top 1000.

Industrial and Commercial Bank of China (ICBC) is at the top of the global ranking for the fifth consecutive year. Its Tier 1 capital grew 2.5% year on year to reach $281.26bn in 2016.

Although the overall number of Chinese banks in the Top 1000 has grown, their positioning at the top of the global listings is slightly worse than in 2016. Agricultural Bank of China (ABC) drops from fifth to sixth, taking the total number of Chinese banks in the global top five down from four to three.

While ABC is down one place, it is still fourth in the China Top 25, where the top six banks in the regional ranking are the same as last year. Bank of Communications, which keeps the fifth spot in the China ranking, is up two places in the global ranking to 11th.

Some of the biggest movers in the China listings include China Zheshang Bank and Huishang Bank, which both climb two spots to 19th and 23rd, respectively. Meanwhile, Shanghai Rural Commercial Bank enters China’s top 25.

Within the China ranking, Bank of Cangzhou recorded the highest year-on-year increase in Tier 1 capital (73.27%) in 2016, reaching $1.26bn. This is about 51 basis points lower than the highest mover in the 2016 ranking, Bank of Tangshan.

Among the top five banks by return on capital (ROC), Zhejiang Tailong Commercial Bank bumps Bank of Taizhou down to second place to take the lead, with an ROC of 30.54%.

There are three new entrants from China in the global rankings – Guangdong Nanhai Rural Commercial Bank, Bank of Dandong and Bank of Chengde – compared with none in 2016.

China ROC 2017

Was this article helpful?

Thank you for your feedback!