In an unchanged result at the very top of the global bank ranking, Chinese banks once again occupy the first four places. This is the third consecutive year that the big four state-owned banks have taken the top spots in the world rankings.
As with the 2019 results, the Chinese banks have experienced a slower rate of growth – but it still far exceeds anything else seen in the top 10. Top-placed Industrial and Commercial Bank of China (ICBC) saw a 12.64% increase in Tier 1 capital, to $380.2bn, while the Agricultural Bank of China, which came in third place overall, saw Tier 1 capital increase by 14.29%. ICBC also took the top place for net interest income globally, followed by China Construction Bank (CCB) and Agricultural Bank of China.
