On A Grand Scale
Chinese banks take first 10 places in rankings.
The biggest ten emerging markets banks are all Chinese, including the biggest bank in the world, Industrial and Commercial Bank of China, with assets of $3,100 billion. The increase in Chinese banks’ assets in dollar terms was assisted by a strengthening of the renminbi during 2013, but the growth in local currency assets was the principle reason for Chinese banks’ stronger showing.
Sberbank of Russia was the largest non-Chinese emerging markets bank at the end of 2013, in eleventh position.
The combined assets of the biggest 50 emerging markets banks was $24,465 billion, a 10% increase on last year. Chinese banks accounted for 73% of these assets, with Brazilian banks contributing 9% and Korean banks 7%.
The small showing by banks from the Arabian Gulf is striking. Twenty-one GCC banks feature in the rankings, but only two feature among the biggest 50.
Chilean banks, which lead the Latin American contribution to both the Global Safest Banks and the Safest Emerging Markets Banks, fall far short of the size needed to book a place among the biggest 50 emerging markets banks.
NEXT PAGE: BIGGEST EMERGING MARKETS BANKS
BIGGEST EMERGING MARKETS BANKS 2014 |
||||
|---|---|---|---|---|
| Rank | Bank | Country | Total Assets USD mn | Statement Date |
| 1 | Industrial and Commercial Bank of China | China | 3,100,051 | 12/31/2013 |
| 2 | China Construction Bank | China | 2,517,568 | 12/31/2013 |
| 3 | Agricultural Bank of China | China | 2,386,291 | 12/31/2013 |
| 4 | Bank of China | China | 2,273,581 | 12/31/2013 |
| 5 | China Development Bank | China | 1,341,642 | 12/31/2013 |
| 6 | Bank of Communications | China | 976,818 | 12/31/2013 |
| 7 | China Merchants Bank | China | 658,167 | 12/31/2013 |
| 8 | Shanghai Pudong Development Bank | China | 603,062 | 12/31/2013 |
| 9 | Industrial Bank (China) | China | 602,621 | 12/31/2013 |
| 10 | China CITIC Bank | China | 596,682 | 12/31/2013 |
| 11 | Sberbank | Russia | 556,393 | 12/31/2013 |
| 12 | China Minsheng Bank | China | 528,679 | 12/31/2013 |
| 13 | Banco do Brasil | Brazil | 496,229 | 12/31/2013 |
| 14 | Itaú Unibanco | Brazil | 438,641 | 12/31/2013 |
| 15 | State Bank of India | India | 398,667 | 3/31/2014 |
| 16 | China Everbright Bank | China | 395,760 | 12/31/2013 |
| 17 | Caixa Econômica Federal | Brazil | 366,492 | 12/31/2013 |
| 18 | Agricultural Development Bank of China | China | 364,584 | 12/31/2012 |
| 19 | Banco Bradesco | Brazil | 357,943 | 12/31/2013 |
| 20 | BNDES | Brazil | 333,921 | 12/31/2013 |
| 21 | Export-Import Bank of China | China | 308,873 | 12/31/2013 |
| 22 | Ping An Bank | China | 288,682 | 3/31/2013 |
| 23 | VTB Bank | Russia | 266,844 | 12/31/2013 |
| 24 | KB Kookmin Bank | Korea | 251,335 | 12/31/2013 |
| 25 | Korea Finance Corporation | Korea | 245,217 | 12/31/2013 |
| 26 | China Guangfa Bank | China | 240,864 | 12/31/2013 |
| 27 | Woori Bank | Korea | 236,863 | 12/31/2013 |
| 28 | Hua Xia Bank | China | 236,726 | 12/31/2012 |
| 29 | Shinhan Bank | Korea | 225,550 | 12/31/2013 |
| 30 | Bank of Beijing | China | 219,055 | 12/31/2013 |
| 31 | Industrial Bank of Korea | Korea | 201,424 | 12/31/2013 |
| 32 | Banco Santander Brasil | Brazil | 193,467 | 12/31/2013 |
| 33 | Nonghyup Financial Group | Korea | 185,093 | 12/31/2013 |
| 34 | Maybank | Malaysia | 170,789 | 12/31/2013 |
| 35 | Bank of Shanghai* | China | 161,503 | 12/31/2012 |
| 36 | Korea Development Bank | Korea | 158,921 | 12/31/2013 |
| 37 | Hana Financial Group | Korea | 154,344 | 12/31/2013 |
| 38 | Bank of Taiwan* | Taiwan | 142,745 | 12/31/2031 |
| 39 | ICICI Bank | India | 124,381 | 3/31/2014 |
| 40 | Qatar National Bank | India | 121,837 | 12/31/2013 |
| 41 | bank | Turkey | 113,107 | 12/31/2013 |
| 42 | Bank of Baroda | India | 112,499 | 3/31/2014 |
| 43 | Gazprombank | Rusia | 111,429 | 12/31/2013 |
| 44 | Garanti Bank | Turkey | 103,681 | 12/31/2013 |
| 45 | Vnesheconombank | Russia | 101,254 | 12/31/2013 |
| 46 | Korea Exchange Bank | Korea | 101,036 | 12/31/2013 |
| 47 | National Commercial Bank | Saudi Arabia | 100,608 | 12/31/2013 |
| 48 | Ziraat Bankas | Turkey | 99,056 | 12/31/2013 |
| 49 | Standard Bank | South Africa | 96,843 | 12/31/2013 |
| 50 | Taishin Financial Holding | Taiwan | 95,700 | 12/31/2013 |
|
||||
NEXT PAGE: BIGGEST ISLAMIC BANKS IN THE GCC 2014
BIGGEST ISLAMIC BANKS IN THE GCC 2014 |
||||
|---|---|---|---|---|
Rank |
Bank |
Country |
Total Assets
|
Statement Date |
| 1 | Al Rajhi Bank | Saudi Arabia | 74,632 | 12/31/13 |
| 2 | Kuwait Finance House | Kuwait | 57,233 | 12/31/13 |
| 3 | Dubai Islamic Bank** | UAE | 30,848 | 12/31/13 |
| 4 | Abu Dhabi Islamic Bank | UAE | 28,090 | 12/31/13 |
| 5 | Qatar Islamic Bank** | Qatar | 21,251 | 12/31/13 |
| 6 | Masraf Al Rayan* | Qatar | 18,274 | 12/31/13 |
| 7 | Alinma Bank** | Saudi Arabia | 16,800 | 12/31/13 |
| 8 | Bank AlJazira** | Saudi Arabia | 15,994 | 12/31/13 |
| 9 | Al Hilal Bank** | UAE | 10,539 | 12/31/13 |
| 10 | Bank Al Bilad* | Saudi Arabia | 9,685 | 12/31/13 |
| 11 | Qatar International Islamic Bank** | Qatar | 9,456 | 12/31/13 |
| 12 | Barwa Bank** | Qatar | 9,241 | 12/31/13 |
| 13 | Boubyan Bank** | Kuwait | 7,773 | 12/31/13 |
| 14 | Ithmaar Bank** | Bahrain | 7,466 | 12/31/13 |
| 15 | Noor Bank** | UAE | 6,304 | 12/31/13 |
| 16 | Sharjah Islamic Bank** | UAE | 5,917 | 12/31/13 |
| 17 | Kuwait International Bank** | Kuwait | 5,331 | 12/31/13 |
| 18 | Al Salam Bank** | Bahrain | 2,911 | 12/31/13 |
| 19 | Bahrain Islamic Bank* | Bahrain | 2,415 | 12/31/13 |
| 20 | Ajman Bank** | UAE | 1,931 | 12/31/13 |
| 21 | AlBaraka Islamic Bank** | Bahrain | 1,631 | 12/31/13 |
| 22 | Al-Khaliji Commercial Bank** | Bahrain | 1,450 | 12/31/13 |
| 23 | Warba Bank** | Kuwait | 1,439 | 12/31/13 |
| 24 | Bank Nizwa** | Oman | 511 | 12/31/13 |
| 25 | AlIzz Islamic Bank** | Oman | 260 | 12/31/13 |
|
||||
