Top 1000 World Banks – Chinese banks go from strength to strength

Unprecedentedly, ICBC, China Construction Bank, Bank of China and Agricultural Bank of China are all in the top five banks by Tier 1 capital worldwide. But the good news does not end there for Chinese banks, with many putting in a strong performance further down the ranking.

by Stefania Palma

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China continues dominating the highest positions of The Banker’s Top 1000 World Banks ranking. In 2016, for the first time in the history of the Top 1000, four out of the top five lenders are Chinese. The odd one out is US bank JPMorgan Chase in third place, which is followed by Bank of China in fourth and Agricultural Bank of China (ABC), which moved up from sixth place in the 2015 ranking to fifth.

Industrial and Commercial Bank of China tops the overall Top 1000 World Banks ranking as well as the China list for the fourth consecutive year. China Construction Bank follows in second place in both rankings for the third year running. Their respective year-on-year Tier 1 capital growth went from $248.6bn to $274.4bn and $202.1bn to $220bn in 2015.

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