The overall resilience of the global financial system continues to look secure, with aggregate Tier 1 capital continuing its upwards march, according to The Banker's Top 1000 Banks 2022 ranking. The minimum Tier 1 capital of a bank within the Top 1000 now stands at $556m, up from $547m last year.
Aggregate Tier 1 capital topped $10tn for the first time, hitting $10.38tn, and ggregate Tier 1 assets also hit their highest-ever level, growing 3.8% year-on-year to hit $154.21tn. However, the growth rate of both Tier 1 capital and assets has slowed significantly compared to last year. Between 2020 and 2021 aggregate Tier 1 capital rose by 12.7%, and assets by 16.0%.
