This rise in profits – which reflects improved profitability of both German and Japanese banks, as well as improved banking performances worldwide – is much slower than the expansion of the previous two years: 65.4% growth in the 2004 listing and 30.3% growth in last year’s listing.
The expanded European Union (EU25), which accounts for 286 banks in the Top 1000, provides 37.4% of aggregate profits at $241.5bn along with 40.7% of aggregate Tier 1 capital and 50.7% of aggregate assets.
The 197 US banks provide 26.5% of profits, with the 163 Asian banks (excluding Japan) accounting for 12.4% and the 101 Japanese banks recovering to provide 8% of the Top 1000 total.
The aggregate Tier 1 capital, like profits, grew more slowly than in previous years, achieving a modest 3.7% expansion to $2841.3bn, compared with 15.2% last year.
Likewise, aggregate assets for the Top 1000 grew by 5.5%, less than the previous year’s listing of 15.5%, to reach $63,825.8bn. The clear trend is for continued but slower growth.
