The Asia-Pacific region, driven by China, now accounts for a whopping 55% of global banking profits based on net income data, compared with 43.5% last year, according to The Banker’s 2021 Top 1000 World Banks ranking.
North America is responsible for 24% of global banking profits (down from 26% last year) and western Europe now accounts for just 10%, down from 16% last year and nearly one third a decade ago.
