Chinese banks continue to hold on to the top four places of Top 1000 World Banks 2022 ranking. Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China and Bank of China have retained their respective places with double-digit Tier 1 capital growth in 2021, albeit at a slightly slower pace than in 2020. The exception is ICBC, which again sees annual growth of more than 15% taking its capital to $508.85bn. It is the first time a bank has reached a half a trillion dollars in Tier 1 capital. It is also over $100bn more than second-placed CCB.
China has 140 banks in the main ranking, a slight decline on the 144 seen in 2021’s ranking. While concerns have emerged on the health of the smaller, regional banks based on rising non-performing loans risks, the state-owned banks continue to post solid results.
