Global Finance ranks the 50 Biggest Banks in Emerging Markets
NEW YORK, November 7, 2011
Global Finance
reveals its fourth annual ranking of the
World’s Biggest Banks in Emerging Markets
, as measured by total assets.
Chinas banks are continuing to move up the league tables. The country has six banks among the top 50 in emerging markets. Moreover, the BRIC countries dominate the top 20, with 17 banks. Government-owned banks lead the market by size in the BRIC countriesaccounting for 50% of total banking sector assets in China, 40% in Brazil and Russia and reaching 70% in India.
Joseph D. Giarraputo, publisher of
Global Finance
, says: As the developed world looks to emerging markets to help provide global economic stability, these banks are leading the wayproviding not only their strong balance sheets, but also increasingly sophisticated products and services to clients that are the engines of growth, both regionally and globally.
For editorial information please contact: Andrea Fiano, Editor, email:
afiano@gfmag.com
|
Rank |
Bank |
Country |
Total Assets ($m) |
Statement Date |
| 1 | Industrial & Commercial Bank of China | China | 2,032,134 | 12/31/10 |
| 2 | China Construction Bank Corporation | China | 1,632,263 | 12/31/10 |
| 3 | Bank of China | China | 1,579,348 | 12/31/10 |
| 4 | Agricultural Bank of China | China | 1,568,722 | 12/31/10 |
| 5 | China Development Bank | China | 771,729 | 12/31/10 |
| 6 | Bank of Communications | China | 596,656 | 12/31/10 |
| 7 | Banco do Brasil | Brazil | 481,179 | 12/31/10 |
| 8 | Ita Unibanco | Brazil | 447,925 | 12/31/10 |
| 9 | Banco Bradesco Brazil | Brazil | 378,150 | 12/31/10 |
| 10 | China Merchants Bank | China | 362,758 | 12/31/10 |
| 11 | China CITIC Bank | China | 314,260 | 12/31/10 |
| 12 | Sberbank | Russia | 283,117 | 12/31/10 |
| 13 | China Minsheng Banking Corporation | China | 275,368 | 12/31/10 |
| 14 | State Bank of India* | India | 274,411 | 12/31/10 |
| 15 | Caixa Economica Federal | Brazil | 237,640 | 12/31/10 |
| 16 | Banco Santander-Brasil | Brazil | 229,690 | 12/31/10 |
| 17 | Kookmin Bank | South Korea | 224,989 | 12/31/10 |
| 18 | China Everbright Bank | China | 224,064 | 12/31/10 |
| 19 | Woori Bank | South Korea | 199,116 | 12/31/10 |
| 20 | Shinhan Bank | South Korea | 185,740 | 12/31/10 |
| 21 | National Agricultural Cooperative Federation* | South Korea | 164,467 | 12/31/10 |
| 22 | Hua Xia Bank | China | 157,081 | 12/31/10 |
| 23 | Korea Finance Corporation | South Korea | 157,053 | 12/31/10 |
| 24 | Industrial Bank of Korea* | South Korea | 150,229 | 12/31/10 |
| 25 | JSC VTB Bank | Russia | 140,792 | 12/31/10 |
| 26 | Bank of Taiwan* | Taiwan | 134,283 | 12/31/10 |
| 27 | Standard Bank | South Africa | 126,730 | 12/31/10 |
| 28 | Hana Bank | South Korea | 125,710 | 12/31/10 |
| 29 | China Guangfa Bank* | China | 123,585 | 12/31/10 |
| 30 | Malayan Banking Berhad | Malaysia | 104,000 | 12/31/10 |
| 31 | Bank of Beijing | China | 110,708 | 12/31/10 |
| 32 | Absa Bank | South Africa | 102,679 | 12/31/10 |
| 33 | Trkiye Bankas | Turkey | 97,846 | 12/31/10 |
| 34 | Taiwan Cooperative Bank | Taiwan | 91,887 | 12/31/10 |
| 35 | ICICI Bank* | India | 91,094 | 12/31/10 |
| 36 | Garanti Bank | Turkey | 88,746 | 12/31/10 |
| 37 | Korea Exchange Bank | South Korea | 87,248 | 12/31/10 |
| 38 | Nedbank | South Africa | 86,931 | 12/31/10 |
| 39 | Punjab National Bank | India | 86,514 | 12/31/10 |
| 40 | Taishin Financial Holding | Taiwan | 84,763 | 12/31/10 |
| 41 | T.C. Ziraat Bankasi | Turkey | 83,547 | 12/31/10 |
| 42 | Bank of Baroda | India | 82,019 | 12/31/10 |
| 43 | Bank of India* | India | 78,747 | 12/31/10 |
| 44 | Emirates NBD | UAE | 77,935 | 12/31/10 |
| 45 | Akbank | Turkey | 77,902 | 12/31/10 |
| 46 | FirstRand Bank | South Africa | 75,992 | 12/31/10 |
| 47 | Canara Bank | India | 75,991 | 12/31/10 |
| 48 | National Commercial Bank | Saudi Arabia | 75,299 | 12/31/10 |
| 47 | CIMB Berhad | Malaysia | 68,723 | 12/31/10 |
| 48 | Mega International Commercial Bank | Taiwan | 68,624 | 12/31/10 |
| 49 | Vnesheconombank | Russia | 67,050 | 12/31/10 |
| 50 | Land Bank of Taiwan* | Taiwan | 74,335 | 12/31/10 |
Source for Assets: Fitch Solutions, except * Moodys Investors Service
| India |
