This year’s Top 1000 World Banks ranking has seen almost double the number of new arrivals compared to the 2019 ranking. Thirty-three banks from 12 countries have joined this exclusive club in 2020, up from 18 lenders last year.
US institutions make up more than half of the entrants, with 19 new banks gracing the table. The list is led by First Hawaiian Bank, which is the third highest new arrival and enters the main ranking at 559th place with $1.68bn in Tier 1 capital. At the beginning of 2019, the Hawaiian lender became fully independent after more than 20 years, following the decision by BNP Paribas to sell off its remaining stake. Year-on-year, First Hawaiian grew its pre-tax profits by 6.7%, to $382m.
