Industrial Commercial Bank of China (ICBC), the largest state-owned bank in China, has broken through the half-a-trillion dollar Tier 1 capital barrier for the first time since The Banker began its benchmark Top 1000 World Banks ranking in 1970. It remains the largest bank in the world, a position it has held for a decade.
The other three Chinese megabanks – China Construction Bank, Agricultural Bank of China and Bank of China – have also retained their spots at the top of the ranking behind ICBC, so all is good at the top for banks in China. Based on these results, banking in the country seems robust.
