A big shake-up occurred in the Canadian banking sector in 2022, with TD overtaking RBC as the biggest bank by Tier 1. However, it is BMO that comes up trumps in performance.

The majority of US banks in the Top 1000 ranking have boosted both core capital and total assets. However, profits dipped for more than half of the lenders.

Indonesia’s banks have a weaker showing in the 2023 Top 1000 World Banks ranking, following a stellar 2022.

Japan’s banks continue to struggle in the Top 1000 World Banks ranking, with all 82 banks except one seeing a decline in Tier 1 capital.

South Korea’s banks remain well capitalised, but economic issues have impacted Tier 1 capital growth. 

Taiwan’s banks have been affected by the country’s weak economic growth, which has seen the largest banks slip down the rankings.

Commerzbank and Deutsche Bank move up the best performing rankings as restructuring efforts bear fruit.

Italy’s largest lenders moved up in this year’s best-performing bank table, while last year’s top performers saw their fortunes wane.

Poland’s largest bank, PKO Bank Polski, is deposed from the top spot in this year’s overall best-performing table.

BBVA, Kutxabank and Banco de Sabadell are the three top performers in Spain this year, with the latter increasing its pre-tax profits by more than 87%.