Biggest Emerging Markets Banks 2013 - Global Finance Magazine

ANNUAL REPORT: BIG IS BETTER

Global Finance presents its annual listing of the biggest Banks in the Emerging Markets.

Ten of the biggest 11 emerging markets banks as ranked by asset size are Chinese, and a total of 19 Chinese banks claim a place in our ranking of the biggest 50 emerging markets banks worldwide. These 19 banks show assets of $15.7 billion, accounting for roughly 70% of the combined assets of the biggest 50 emerging markets banks.

The largest 50 emerging markets banks showed combined assets of approximately $22.3 billion. Only Banco do Brasil, the 7th-biggest emerging markets bank, is able to challenge the dominance of Chinese banks when ranked by size. Brazil contributes five other banks to the biggest 50, accounting for 11% of combined total assets. Korea contributes eight banks to the biggest 50, but they are smaller—the eight account for only 7% of the combined assets of the top 50. Russia contributes four banks and 4% of the total assets.

Twelve countries contribute to the listing of the largest 50 banks in emerging markets, in contrast to only 10 that contribute to the list of safest banks. India, Malaysia, Mexico and Turkey contribute seven banks between them to the rankings of biggest banks, although their banks fall far short of qualifying for inclusion in the rankings of global safest banks.

Rank	Bank Name	Country	Total Assets ($mn)
1	Industrial and Commercial Bank of China	China	2,789,090
2	China Construction Bank	China	2,221,582
3	Agricultural Bank of China	China	2,105,758
4	Bank of China	China	2,016,129
5	China Development Bank	China	1,195,563
6	Bank of Communications	China	838,430
7	Banco do Brasil	Brazil	563,163
8	China Merchants Bank	China	541,883
9	Industrial Bank	China	516,882
10	China MinSheng Bank	China	510,686
11	Shanghai Pudong Development Bank	China	500,145
12	Sberbank	Russia	497,067
13	Itaú Unibanco	Brazil	496,561
14	China Citic Bank	China	470,610
15	Banco Bradesco	Brazil	430,316
16	Agricultural Development Bank of China	China	364,584
17	China Everbright Bank	China	362,392
18	State Bank of India	India	357,720
19	BNDES	Brazil	350,230
20	Caixa	Brazil	*343,294
21	Ping An Bank	China	255,428
22	Export-Import Bank of China	China	247,859
23	VTB Bank	Russia	244,155
24	KB Kookmin Bank	South Korea	240,737
25	Hua Xia Bank	China	236,726
26	Woori Bank	South Korea	230,930
27	Banco Santander Brasil	Brazil	219,770
28	Shinhan Bank	South Korea	218,652
29	China Guangfa Bank	China	185,728
30	Industrial Bank of Korea	South Korea	184,693
31	NongHyup Bank	South Korea	182,065
32	Bank of Beijing	China	178,067
33	Hana Bank	South Korea	**161,109
34	Maybank	Malaysia	**159,034
35	Korea Development Bank	South Korea	154,600
36	Bank of Taiwan	Taiwan	*139,628
37	Bank of Shanghai	China	**129,336
38	Standard Bank of South Africa	South Africa	115,161
39	Türkiye Bankas	Turkey	112,843
40	Garanti Bank	Turkey	100,892
41	Qatar National Bank	Qatar	100,784
42	Taiwan Cooperative Bank	Taiwan	98,463
43	Korea Exchange Bank	South Korea	97,137
44	BBVA Bancomer	Mexico	97,132
45	Vnesheconombank	Russia	96,108
46	Taishin Financial Holding	Taiwan	93,820
47	ICICI Bank	India	92,589
48	National Commercial Bank	Saudi Arabia	92,085
49	Gazprombank	Russia	92,085
50	Akbank	Turkey	91,744

Source for reporting assets: Fitch Solutions, except *Moody’s Investors Service, **Bank’s annual report