A slower Chinese economy and a faltering property market have not yet shown up in the results of the country’s banks. The top 10 Chinese banks by Tier 1 capital all saw increases in pre-tax profits ranging from 9.51% for fifth-placed Bank of Communications to 30.18% for China Citic Bank in seventh place.
On current form, Chinese banks are among the most profitable in the world. The four big state owned banks – ICBC, China Construction bank, Agricultural Bank of China and Bank of China – are the top four most profitable banks in the world in that order as listed in The Banker’s Top 1000 World Banks ranking.
