Only 14 new banks from 10 countries joined the Top 1000 World Bank ranking in 2021, the lowest number of arrivals seen in more than a decade and less than half of the new entrants compared to last year. This is indicative of a low level of merger and acquisition activity among the world’s largest banks.
The Asia-Pacific region is well represented in the new arrivals table with seven banks, five of which come from China.
