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Top 1000 World Banks
This year’s rankings show that not only have profits grown, but so has the size of the world’s biggest banks. Stephen Timewell reports.
Research by Terry Baker-Self, Beata Ghavimi & Matthew Dickie.
The global economic recovery and the return to profitability of the Japanese banking sector after massive losses has helped to produce record profits in the Top 1000 banks worldwide. After a damaging drop in profits of 29.7% in fiscal 2001 and a modest recovery the following year, fiscal 2003 proved to be a bumper year for banks around the globe.
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