Before lenders around the world begin compiling their 2015 annual financial statements, The Banker has put together a reminder of what their latest reports showed about the banking sector’s size across leading financial centres.
Unsurprisingly, Beijing leads with aggregate banking assets worth $14,664bn. Two Chinese banks, ICBC and China Construction Bank, are indeed the largest in the world by both assets and Tier 1 capital, according to The Banker Database. Its dominance is clear when looking at the size of second placed Tokyo, where lenders’ assets add up to about half of Beijing’s, at $7570bn. China’s other main financial centre, Shanghai, is in ninth place with $1983bn.
