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United National regains its ROA crown

US community bank United National has managed to improve its return on assets ratio to top the league table for this profitability metric once more.
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After being knocked off the top of the return on assets (ROA) ranking in 2020, United National Corporation, a large US community bank, is back in pole position and, impressively, has managed to improve its ratio to 14.80%. It is the only bank in the Top 1000 World Banks ranking to achieve a double-digit ROA.

Ukraine’s PrivatBank has the second highest ROA ratio (6.42%); however, this represents a decline from last year’s 10.55%. Tinkoff Bank has the third highest ratio (5.15%), which is also slightly lower than last year. Overall, central and eastern Europe has the highest ROA of all the regions, at 1.20%.

Guaranty Trust Bank is the only other bank with an ROA ratio of above 4%. This year, the Nigerian bank overtook Banco de Fomento Angola to head the African table for the first time.

Banco Marco of Argentina continues to top the Latin America table for the third year in a row, however its ROA dropped from 9.52% to 3.93%. In second place is Banco Hipotecario del Uruguay, up from the fourth spot last year.

Saudi Arabia’s Al Rajhi Bank has regained first place in the Middle East table, after a two-year stint in second place.

Top five ROA: Africa

Regional  Rank World Rank Bank  Country Return on assets (%)
1 625 Guaranty Trust Bank Nigeria 4.07
2 944 Banco de Fomento Angola (BFA) Angola 3.13
3 558 Capitec Bank Holdings South Africa 2.85
4 454 Zenith Bank Nigeria 2.72
5 355 CIB Egypt Egypt 2.39

Top five ROA: Asia-Pacific (ex China/Japan)

World Rank Bank  Country Return on assets (%)
365 Halyk Bank Kazakhstan 3.39
871 Bank of South Pacific Papua New Guinea 2.93
382 Techcombank Vietnam 2.86
713 Bank Mega Indonesia 2.68
979 ForteBank Kazakhstan 2.53

Top five ROA: Japan

Regional  Rank World Rank Bank  Return on assets (%)
1 574 Seven Bank 2.15
2 488 Suruga Bank 0.60
3 318 Aozora Bank 0.45
4 207 Shinsei Bank 0.41
5 80 Nomura Holdings 0.38

Top five ROA: Western Euope

Regional  Rank World Rank Bank  Country Return on assets (%)
1 393 Schroders UK 2.24
2 851 Banca Generali Italy 2.09
3 904 OakNorth Bank UK 1.88
4 726 Ringkjobing Landbobank Denmark 1.68
5 640 Sparebank 1 Nord Norge Norway 1.51

Top five ROA: Latam and Caribbean

Regional  Rank World Rank Bank  Country Return on assets (%)
1 608 Banco Macro Argentina 3.93
2 854 Banco Hipotecario del Uruguay (BHU) Uruguay 3.77
3 572 Banco de la Republica Uruguay 2.73
4 838 Banco Falabella Chile 2.45
5 578 Banco de Galicia Argentina 2.34

Top five ROA: North America

Regional  Rank World Rank Bank  Country Return on assets (%)
1 583 United National Corporation US 14.80
2 520 Hilltop Holdings US 2.77
3 420 Stifel Financial Corp US 1.89
4 873 Merchants Bancorp US 1.87
5 725 First Financial Bankshares US 1.85

Top five ROA: Middle East

Regional  Rank World Rank Bank  Country Return on assets (%)
1 113 Al Rajhi Bank Saudi Arabia 2.26
2 89 National Commercial Bank Saudi Arabia 1.93
3 352 Masraf Al Rayan Qatar 1.80
4 248 Qatar Islamic Bank (QIB) Qatar 1.73
5 502 Bank Pasargad Iran 1.64

Top five ROA: China

Regional  Rank World Rank Bank  Return on assets (%)
1 932 XW Bank 1.74
2 470 WeBank 1.43
3 371 Bank of Taizhou 1.39
4 379 Guangdong Nanhai Rural Commercial Bank 1.31
5 14 China Merchants Bank 1.17

Top five ROA: CEE

Regional  Rank World Rank Bank  Country Return on assets (%)
1 569 PrivatBank Ukraine 6.42
2 557 Tinkoff Bank Russia 5.15
3 471 Sovcombank Russia 2.64
4 754 Nova KBM Slovenia 2.30
5 189 Alfa Bank Russia 2.18

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Read more about:  Rankings & data , Top 1000 World Banks
Joy Macknight is the editor of The Banker. She joined the publication in 2015 as transaction banking and technology editor. Previously, she was features editor at Profit & Loss, editorial director at Treasury Today and editor at gtnews. She also worked as a staff writer on Banking Technology and IBM Computer Today, as well as a freelancer on Computer Weekly. She has a BSc from the University of Victoria, Canada.
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