The top ten remained largely unchanged in the ranking of the largest banks in Asia Pacific, while HSBC slipped two places to rank 13th due to the stronger growth of Chinese banks and the appreciation of the RMB against the US dollar.
November 11, 2021 | Wendy Weng- With total assets of $5.1 trillion at the end of 2020, Industrial and Commercial Bank of China has retained its position as the largest bank in the world
- Only Indonesia and the Philippines experienced a drop in bank loans
- Seventeen out of the 22 markets saw aggregate net profit of banks decline
The aggregate total assets of the 500 largest banks in Asia Pacific expanded by 14.2% in 2020, according to The Asian Banker 500 (AB500) 2021, an evaluation of the 500 largest commercial banks and financial holding companies (banks) in the region for the financial year 2020, with a March 2021 cutoff.
The top ten ranking for this year remained largely unchanged, with China's big four banks retaining the top four spots. Industrial and Commercial Bank of China remained the largest bank, with its total assets up by 10.7% to $5.1 trillion in 2020. Mizuho Financial Group and Japan Post Bank switched places, with Mizuho climbing one place to seventh. There are 27 banks in the region with total assets greater than $500 billion, which comprise 14 Chinese banks, five Japanese banks, four Australian banks, two South Korean banks and one each from Hong Kong and India.
The largest banks in Japan, Hong Kong, Australia, India, South Korea and Singapore held the fifth, 13th, 18th, 22nd, 25th and 28th places in the ranking respectively. In addition, the largest bank in Indonesia, Malaysia, New Zealand, Taiwan and Thailand also ranked among the top 100 largest banks in the region. In contrast, the largest bank in Bangladesh, Brunei, Cambodia, Kazakhstan, Myanmar, Pakistan and Sri Lanka ranked outside the top 300 largest banks.
This year’s evaluation covers 22 countries, territories and special administrative regions. The 500 largest banks combined had $71.8 trillion in total assets, $37.4 trillion in net loans, $49.7 trillion in customer deposits and $425 billion in ne...
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The top ten remained largely unchanged in the ranking of the largest banks in Asia Pacific, while HSBC slipped two places to rank 13th due to the stronger growth of Chinese banks and the appreciation of the RMB against the US dollar.
November 11, 2021 | Wendy Weng- With total assets of $5.1 trillion at the end of 2020, Industrial and Commercial Bank of China has retained its position as the largest bank in the world
- Only Indonesia and the Philippines experienced a drop in bank loans
- Seventeen out of the 22 markets saw aggregate net profit of banks decline
The aggregate total assets of the 500 largest banks in Asia Pacific expanded by 14.2% in 2020, according to The Asian Banker 500 (AB500) 2021, an evaluation of the 500 largest commercial banks and financial holding companies (banks) in the region for the financial year 2020, with a March 2021 cutoff.
The top ten ranking for this year remained largely unchanged, with China's big four banks retaining the top four spots. Industrial and Commercial Bank of China remained the largest bank, with its total assets up by 10.7% to $5.1 trillion in 2020. Mizuho Financial Group and Japan Post Bank switched places, with Mizuho climbing one place to seventh. There are 27 banks in the region with total assets greater than $500 billion, which comprise 14 Chinese banks, five Japanese banks, four Australian banks, two South Korean banks and one each from Hong Kong and India.
The largest banks in Japan, Hong Kong, Australia, India, South Korea and Singapore held the fifth, 13th, 18th, 22nd, 25th and 28th places in the ranking respectively. In addition, the largest bank in Indonesia, Malaysia, New Zealand, Taiwan and Thailand also ranked among the top 100 largest banks in the region. In contrast, the largest bank in Bangladesh, Brunei, Cambodia, Kazakhstan, Myanmar, Pakistan and Sri Lanka ranked outside the top 300 largest banks.
This year’s evaluation covers 22 countries, territories and special administrative regions. The 500 largest banks combined had $71.8 trillion in total assets, $37.4 trillion in net loans, $49.7 trillion in customer deposits and $425 billion in ne...
Categories:
Asian Banker 500Keywords:
