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100 largest banks in the world


100 largest banks in the world

of the top 100 largest banks in the world by assets are now Asian. The Asian banking sector has been the largest regional market for. Knoema, an Eldridge business, is the most comprehensive source of global decision-making data in the world. Our tools allow individuals and organizations to. JPMorgan Chase is a leading global financial services firm with assets of $2.6 trillion. JPMorgan have a presence in over 100 markets. JPMorgan have over.
100 largest banks in the world

100 largest banks in the world -

Brand Value of World’s Largest Banks Contracts for Second Year Running but Reputation Redemption Could Signal Road to Recovery in Pandemic Aftermath

  • World’s most valuable banking brands suffer severe decline in brand value following devastating effects of COVID-19 pandemic, two-thirds record brand value loss
  • Chinese banks make up one-third of total brand value in Brand Finance Banking 500 2021 ranking, with ICBC retaining title of world’s most valuable banking brand - brand value US$72.8 billion
  • Five US banks claim spots in top 10, with Bank of America highest ranked in 5th. JP Morgan is only bank in top 10 to record brand value growth, up 3%
  • Vietnam’s banking sector sees greatest year-on-year brand value growth at 23%
  • Union Bank of India is fastest growing in ranking, up by a staggering 163% to US$1.2 billion, following Andhra Bank and Corporation Bankamalgamation
  • 23 new entrants in ranking this year, with Truist entering in 36th position
  • Sber overtakes BCA to become world’s strongest banking brand, with a Brand Strength Index (BSI) score of 92.0 out of 100 and an elite AAA+ rating

View the full Brand Finance Banking 500 2021 report here

As governments scramble to stimulate economic growth in the face of the ongoing global health crisis, and profits and interest rates take a hit, nearly two-thirds of the world’s 500 most valuable banking brands have recorded brand value losses, according to the latest report by Brand Finance – the world’s leading brand valuation consultancy, published by The Banker magazine today.

The industry has seen a dramatic downturn in the past two years when compared with previous year-on-year performance. The total brand value in the annual Brand Finance Banking 500 ranking increased by 10% in 2018 (from US$1.07 trillion to US$1.18 trillion) and again by 15% in 2019 (US$1.36 trillion) but decreased by 2% and 4% in 2020 (US$1.33 trillion) and 2021 (US$1.27 trillion), respectively.

The economic impacts of the COVID-19 pandemic are difficult to ignore, with global GDP forecasted to shrink by over 4%, which would signal the largest global recession since the Second World War.

Analyses conducted by Brand Finance on the world’s most valuable brands over three recessionary periods indicate that, on average, of the 100 brands that lost the most brand value during each recession, 74 of them were banks. On the other hand, of the 100 most successful brands during the recessions, 30 were banks.

Apart from calculating brand value, Brand Finance also determines the relative strength of brands through a balanced scorecard of metrics evaluating marketing investment, stakeholder equity, and business performance. Alongside revenue forecasts, brand strength is a crucial driver of brand value. Banks with a Brand Strength Index (BSI) score below 60 out of 100 experienced an average decline in brand value of 20%, whereas of the banks with a BSI score above 70, the average fall in brand value was only 8% – proving just how important it is for banks to have stronger brands than their competitors during an economic downturn.

David Haigh, CEO of Brand Finance, commented:

“Banking institutions were the main culprit in the last financial crash; this time around they are a large part of helping people overcome the repercussions of COVID-19. Brand Finance research shows that banks’ responses to the global pandemic have led to a year-on-year increase in overall reputation scores among customers, which no doubt could result in an uptick in brand values in the coming year.”

“The widespread shift to digital has also opened up opportunities for banks to deliver better customer service and faster innovations, which goes a long way in enhancing brand awareness and value,” added Joy Macknight, managing editor of The Banker. “Those banks that have been investing time and resources in the digital transformation of their operations over the past few years have seen that investment pay off during the pandemic, as they were able to quickly respond to new customer needs.”

Chinese banks maintain dominance

Chinese banks maintain dominance of the Brand Finance Banking 500 2021 ranking, accounting for one-third of total brand value and seven of the ten top climbers by absolute brand value. Chinese banks have been largely impervious to the issues plaguing their counterparts elsewhere in the world – as two-thirds of brands in the ranking have experienced losses, Chinese banks recorded a healthy 3% average brand value growth. This is largely attributable to the banking sector’s role in China’s timely and effective response to COVID-19, which included regulatory policy adjustments for asset management, wealth management, and inter-banking, as well as increased investment into digitalisation.

Despite a 10% drop in brand value to US$72.8 billion, ICBC remains the world’s most valuable banking brand. As the biggest bank in China, ICBC continues to fare well with consumers, regardless of the bank’s depreciating brand value due to the pandemic’s negative impact on its investment portfolio return. Nonetheless, the brand maintains a healthy lead ahead of China Construction Bank (down 5% to US$59.6 billion) and Agricultural Bank of China (down 3% to US$53.1 billion), which come in at 2nd and 3rd place in the ranking, respectively.

China Guangfa Bank is also a remarkable addition to the country’s portfolio, entering the Brand Finance Banking 500 2021 ranking for the first time at an impressive 84th position and valued at US$3.3 billion. The Hong Kong Monetary Authority recently granted China Guangfa Bank a banking licence, widening its footprint outside of mainland China.  

David Haigh, CEO of Brand Finance, commented:

“Chinese banks have scored extremely well in Brand Finance’s Global Brand Equity Monitor research this year, ranking highly for attributes such as recommendation. This is undoubtedly an effect of China’s management of the COVID-19 pandemic, which has allowed its economy to continue functioning relatively unscathed, allowing space for banks to grow further.”

US banks five spots in top ten

US banks account for almost a quarter of the total brand value in the ranking - the nation’s 74 banks reaching a cumulative brand value of US$274.8 billion. Five US brands feature in the top 10: Bank of America (down 7% to US$32.8 billion), Citi (down 3% to US$32.2 billion), Wells Fargo (down 22% to US$31.8 billion), Chase (down 8% to US$28.8 billion), and JP Morgan (up 3% to US$23.6 billion). Bank of America remains the most valuable banking brand in the US, placing fifth overall, and JP Morgan is the only brand in the top 10 to record a positive value change.

Currently holding the lowest reputation score among all banks in the US, Wells Fargo experienced the largest decline in brand value – dropping two places to seventh overall, and third in the US – the result of failing to rebuild favour among customers in the wake of several past scandals.

Citi, the third largest US bank by assets, has emerged as the strongest retail bank in the US with a BSI score of 80.7 out of 100 and AAA- brand rating (up from AA+ in 2020). Citi has also climbed one place in the ranking to 6th position, following a rapid rebound in its profits in the third quarter of last year.

Spotlight on Vietnam

Vietnam’s banking sector has seen the greatest year-on-year brand value growth compared to any other nation in the ranking, standing at 23%. Vietnam’s ability to effectively control and constrain COVID-19 has allowed it to buck the sector-wide trend of declining brand value. Internal reforms have strengthened accountability of the Vietnamese financial sector, which has had the knock-on effect of boosting not just revenues, but brand reputation and trust. Vietnam’s banking sector has also recorded a 753% 5-year cumulative brand value growth, the second fastest national growth in the ranking.

Union Bank of India cashes in, up 163%

The Union Bank of India saw the fastest year-on-year growth of any bank globally, growing by 163% to US$1.2 billion and simultaneously soaring 128 places to claim 169th spot.

The amalgamationbetween Andhra Bank and Corporation Bank is primarily responsible for this growth - borne as part of a nationwide effort to consolidate India’s banking space. This success is also mirrored at the national level. Apart from China, India was the only nation in the top 10 countries by total brand value to see growth, with its cumulative brand value up 3% this year.

Ones to watch

While some of the world’s largest banks have floundered during the pandemic, 23 insurgent newcomers have joined the ranking, hailing from Europe, Asia, the US, and South America.

The highest new entrant is Truist at 36th position, with a brand value of US$8.0 billion. Formed in 2019 – a result of a merger between BB&T and SunTrust, which sat in 68th and 86th in the 2019 iteration of the Brand Finance Banking 500 ranking, respectively, with a combined brand value of US$7.2 billion. This merger is testament to the power of rebranding and a revised strategy, demonstrating that brands can be reinvigorated even in the face of a global crisis.

Sber overtakes BCA as sector’s strongest

Sber has been increasing in brand strength year-on-year to become the strongest brand in the Brand Finance Banking 500 2021 ranking and the world’s third strongest brand across all sectors in the Brand Finance Global 500, with a Brand Strength Index (BSI) score of 92.0 out of 100 and a coveted AAA+ brand strength rating.

As the largest bank in Russia, Sber has benefitted from its stable brand and high levels of customer loyalty. These have only been boosted by the recent rebranding to consolidate its ecosystem of services – encompassing banking, health, and logistics, among others – around the Sber brand. Sber is poised for further success, as the company’s pledge to spend more on its brand in the coming year is likely to further boost its BSI score.   

In Brand Finance’s original market research, Sber consistently outperforms its peers in overall reputation and familiarity – it is widely known, always top-of-mind, and well-regarded. As a result, recommendation is high. Its ubiquitous presence and – in consumers’ eyes – by far the best digital offering ensure high mental and physical availability, which are strong foundations for brand strength.

David Haigh, CEO of Brand Finance, commented:

“Sber’s successful rebranding as a cross-sector tech brand can be an example to other market leaders worldwide. While some rest on their laurels and are often surprised by disruptive challengers, Sber is focused on the future, innovating and modernising with their customers’ best interests in mind.”

Despite this success, Sber is not divorced from the wider issues stemming from the COVID-19 pandemic. Sber’s 13% brand value drop in local currency terms has been exacerbated by the increased risk in the Russian economy, following the mid-year collapse in oil prices and the subsequent weakening of the Russian ruble, resulting in an overall 29% drop in USD terms to US$9.4 billion.

As the second strongest brand in the ranking, Indonesia’s BCA has maintained its BSI score of 91.6 out of 100 and is the only brand aside from Sber to have been awarded an elite brand strength rating of AAA+. The brand remains one of the biggest banks in the ASEAN region and has the largest market capitalisation value on the Indonesian Stock Exchange.

South Africa provides the third strongest banking brand this year, Capitec Bank, which has maintained its BSI score of 89.2 out of 100 and corresponding AAA rating. Surpassing the 15 million client mark in December 2020, Capitec has more customers than any other South African bank, benefiting from its excellent customer service and personalised banking experience. Fellow South African brand, First National Bank, in 4th place for brand strength globally, is also the most valuable bank in all of Africa with a brand value of US$1.3 billion.

David Haigh, CEO of Brand Finance, commented:

“Few sectors have been as detrimentally affected by the COVID-19 pandemic as the banking industry, reflected in the overall brand value decline this year. Within this context, Sber, BCA, and Capitec Bank have fared extremely well, retaining their elite brand strength ratings through positive reputations and consumer perceptions of their brands.”

View the full Brand Finance Banking 500 2021 report here

ENDS

Источник: https://brandfinance.com/press-releases/brand-value-of-worlds-largest-banks-contracts-for-second-year-running-but-reputation-redemption-could-signal-road-to-recovery-in-pandemic-aftermath
The Ten Largest Banks in the World

The world’s financial institutions are proof that the balance of economic power has shifted. Once dominated by US banks, the international financial landscape of today is now shaped by activities in Asia.

Chinese banks, in particular, play a leading role. Although China, the United States and the United Kingdom have the strongest banking presence globally based on tier 1 capital, China’s grip on the world’s top asset-bearing institutions highlights the Chinese State’s indisputable influence over the financial sector.

Even as China heads towards becoming the largest consumer market on the planet, however, questions about its short-term and long-term economic relationship with the West remain. Combined with the shifting, digitally-driven habits of next-generation banking clients, the make-up and positioning of the world’s top banks will never be completely set in stone.

Here are the top 10 largest banks in the world by assets:

The Ten Largest Banks in the World

10. Crédit Agricole

Total Assets: $1.92 trillion

Country of Origin: France

Founded: 1894

Employees: 75,811

France’s second-largest banking group, Crédit Agricole was founded to extend credit and assist farmers with their banking needs in a bid to spur agricultural activities across the country.

The bank expanded its network and client base throughout the 20th century, eventually offering services and products to all businesses and consumers. In 1988, the bank disassociated itself with the state and listed on the stock exchange in 2001. The move allowed Crédit Agricole to diversify into corporate and investment banking – a strategy it took further with the acquisition of Finaref in 2003. Crédit Agricole is headquartered in Montrouge, France.

The Ten Largest Banks in the World

9. Bank of America

Total Assets: $2.36 trillion

Country of Origin: USA

Founded: 1904

Employees: 204,000

Bank of America became the United States’ first coast-to-coast banking institution in 1998 through the merger of BankAmerica and NationsBank. In the following decades, Bank of America grew to serve one out of every two households in the US and most global Fortune 500 companies.

Headquartered in Charlotte, North Carolina, the company operates through nearly 4,300 retail financial locations and approximately 16,800 ATMs. Bank of America‘s digital banking solution assists around 29 million mobile users.

The Ten Largest Banks in the World

8. BNP Paribas

Total Assets: $2.44 trillion

Country of Origin: France

Founded: 1848

Employees: 202,624

France’s largest banking group and Europe’s second-largest, BNP Paribas was created in 2000 following the merger between Banque Nationale de Paris and Paribas. Operating in 72 countries, the bank engages through an integrated business model which includes retail banking and services and corporate institutional banking. BNP Paribas is headquartered in Paris. The Group serves nearly 33 million clients worldwide through its retail-banking networks and 27 million personal finance clients.

The Ten Largest Banks in the World

7. HSBC

Total Assets: $2.56 trillion

Country of Origin: United Kingdom

Founded: 1865

Employees: 228,687

Europe’s largest banking group, HSBC was established in Hong Kong to facilitate trade between Europe and Asia during the 19th century. HSBC is an acronym that corresponds to the bank’s original name, “Hongkong and Shanghai Banking Corporation”. The company was founded by Scotland native Thomas Sutherland who was working for a shipping firm in Hong Kong in 1864.

During the second half of the 20th century, HSBC expanded its network globally, gaining a foothold in the US with the purchase of Marine Midland bank in 1980. Another major expansion step for the bank was its acquisition of the UK’s Midland Bank in 1992.

HSBC serves more than 40 million customers through its personal, wealth and corporate segments in 64 countries and territories.

The Ten Largest Banks in the World

6. JPMorgan Chase

Total Assets: $2.74 trillion

Country of Origin: USA

Founded: 1968

Employees: 256,105

Established after a 2000 merger between J.P. Morgan & Company and Chase Manhattan Bank, JPMorgan Chase & Co. is the United States’ largest bank. The company’s 2004 merger with Bank One and 2008 acquisition of the Bear Stearns group extended JPMorgan Chase & Co.’s retail presence nationally from coast to coast in the US.

Headquartered in New York City, JPMorgan Chase & Co. operates in over 100 markets, providing retail banking and credit card services in addition to asset management, private wealth and security services.

The Ten Largest Banks in the World

5. Mitsubishi UFJ Financial Group

Total Assets: $3.09 trillion

Country of Origin: Japan

Founded: 2001

Employees: 117,321

Headquartered in Tokyo, Mitsubishi UFJ Financial Group is Japan’s largest financial services company and a subsidiary of the Mitsubishi Group. Established in its present form by way of a 2005 merger between Bank of Tokyo-Mitsubishi and UFJ Bank, MUFG engages in retail banking, both personal and commercial, in addition to investment services.

MUFG went on to form a strategic alliance with Morgan Stanley in the wake of the 2008 financial crisis, investing $9 billion into the US firm in an effort to strengthen the investment banking sector. The once family-controlled Mitsubishi group of companies founded by Iwasaki Yatarō in 1873 was dissolved and restructured during the 1950s into an independently controlled operating model.

The Ten Largest Banks in the World

4. Bank of China

Total Assets: $3.16 trillion

Country of Origin: China

Founded: 1912

Employees: 311,133

China’s longest continuous operating bank, BOC served as the country’s central bank, international exchange bank and specialised international trade bank until 1949. BOC was transformed into a wholly state-owned commercial bank in 1994 and is considered one of China’s most globalised, integrated banks with operations in 57 countries. Headquartered in Beijing, BOC engages in banking and related financial services through its corporate banking, personal banking, treasury operations, investment banking and insurance segments.

The Ten Largest Banks in the World

3. Agricultural Bank of China

Total Assets: $3.29 trillion

Country of Origin: China

Founded: 1951

Employees: 473,691

Originally established as the Agricultural Cooperative Bank, a state-owned specialised bank, ABC restructured into a wholly state-owned and controlled commercial bank during the late 1970s. ABC is one of China’s largest integrated financial service providers, with over 23,682 domestic branch outlets and ten overseas branches serving over 320 million customers.

The Agricultural Bank of China engages through its retail and investments segments and is credited with one of the world’s largest IPOs at $22.1 billion in 2010, second only to Alibaba Group Holding Limited’s $25 billion.

The Ten Largest Banks in the World

2. China Construction Bank Corporation

Total Assets: $3.38 trillion

Country of Origin: China

Founded: 1954

Employees: 352,621

Headquartered in Beijing, China, Construction Bank was founded as the People’s Construction Bank of China, a wholly state-owned bank used to administer and disburse government funds for construction- and infrastructure-related projects. CCB transitioned into more commercial banking functions in 1979, eventually becoming a full-service commercial bank in 1994.

CCB is one of China’s leading commercial banks, offering a range of commercial banking products and services through its corporate, personal and treasury banking segments. China Construction Bank Corporation operates through its approximately 13,629 branch outlets in addition to overseas branches in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo, Seoul, New York, Ho Chi Minh City and Sydney.

The Ten Largest Banks in the World

1. Industrial and Commercial Bank of China

Total Assets: $4.03 trillion

Country of Origin: China

Founded: 1984

Employees: 449,296

The world’s largest bank, ICBC serves 5,784 thousand corporate customers and 530 million personal customers across 42 countries and territories. Industrial and Commercial Bank of China ranks number one on Forbes‘ list of the largest 2000 public companies by assets and twentieth in sales with its $176 billion annually.

Headquartered in Beijing, the state-owned bank was listed on both the Hong Kong Stock Exchange and Shanghai Stock Exchange in 2006, claiming the world’s largest IPO at that time with $21.9 billion raised.

Lee Hoverd

Источник: https://www.tharawat-magazine.com/facts/ten-largest-banks/

Number of banks in the world which have reported an asset size above $1 trillion has increased from 29 to 39 in 2020

NEW YORK, April 21, 2021 /PRNewswire/ -- Largest banks in Asia Pacific continue to dominate the world's biggest banks in 2020, according to the latest Global Bank Ranking published by S&P Global Market Intelligence, an annual ranking of the 100 largest banks in the world in terms of total assets.

Number of top 100 banks in each country

The top five institutions in the ranking, which include Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Agricultural Bank of China Ltd., Bank of China Ltd., and Japan's Mitsubishi UFJ Financial Group Inc., remained unchanged from the year before.

"China's banks benefitted from a much swifter economic recovery from the COVID-19 downturn than experienced by other geographies in 2020," said Nathan Stovall, Principal Analyst at S&P Global Market Intelligence. "China's economy returned to pre-pandemic levels by the fourth quarter of last year, while other major developed economies have still not achieved that feat."

"The pace of future vaccinations and efforts to control the COVID-19 in 2021 will play a major role in shaping the operating environment for respective banks across the globe. Banks operating in economies that are poised to reopen sooner will have a leg up on other institutions that remain embattled by the pandemic," Stovall added.

Driven by strong credit growth, China continues to house the greatest number of top 100 banks, with 19 institutions collectively holding assets worth $30.458 trillion, representing a 17.66% increase in 2020. The U.S. banks follow, with 12 institutions holding a combined asset size of $15.538 trillion.

Among the most notable movements this year, U.S.-based JPMorgan Chase & Co. reclaimed its place as the world's sixth-largest financial institution, overtaking U.K.-based HSBC Holdings PLC after reporting a 26% yearly increase in assets by the end of 2020, up to $3.386 trillion.

French BNP Paribas SA advanced two spots to become the world's No. 7 after posting a 26.8% increase in assets last year. HSBC Holdings PLC, by contrast, dropped to the No. 8 spot with assets of $2.984 trillion.

This year's ranking includes two newcomers to the list: U.S.-based State Street Corp. which took the No. 94 spot with $314.71 billion in assets, and Canadian Desjardins Group, which landed on the No. 99 spot with $284.13 billion in assets at the end of 2020.

Regional rankings from the Global Bank Ranking series will also be available in the coming weeks:

  • Top 50 U.S.

  • Top 50 Europe

  • Top 50 Asia-Pacific

  • Top 50 Latin America & Caribbean

  • Top 30 Africa and the Middle East

To access the Top 100 list, or any of the regional bank rankings, please contact [email protected]

Note to Editors

Company assets were adjusted on a best-efforts basis for pending mergers, acquisitions and divestitures, as well as M&A deals that closed after the end of the reporting period through March 31. Assets reported by non-U.S. dollar filers were converted to dollars using period-end exchange rates. Total assets were taken on an "as-reported" basis and no adjustments are made to account for differing accounting standards.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, perform valuations and assess credit risk. Investment professionals, government agencies, corporations and universities around the world use this essential intelligence to make business and financial decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI), the world's foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical business factors. S&P Global has been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years. For more information, visit www.spglobal.com/marketintelligence.

Media Contact
Vivian Liu
S&P Global Market Intelligence
P. +852 91791132
E. [email protected]

(PRNewsfoto/S&P Global Market Intelligence)
Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/sp-global-market-intelligence-global-bank-ranking-reveals-worlds-largest-banks-unscathed-by-covid-19-pandemic-301273132.html

SOURCE S&P Global Market Intelligence

Источник: https://finance.yahoo.com/news/p-global-market-intelligence-global-121500045.html

S&P Global Market Intelligence Ranks Largest 100 Banks in the World

S&P Global Market Intelligence ranks the largest banks in the world by converting their total assets into U.S. dollars using the exchange rate as of the end of the period measured. Most banks were ranked by total assets as of Dec. 31, 2015. The previous ranking was published in August 2015 and ranked most banks by total assets as of March 31, 2015.

London-based HSBC Holdings Plc fell to No. 6 from No. 4 in the previous ranking; the company’s total assets dropped to $2.410 trillion from $2.670 trillion. In the previous ranking, HSBC was the only bank in the top five that was not headquartered in China, but in the current ranking, Tokyo’s Mitsubishi UFJ Financial Group Inc. took that designation, jumping three spots to No. 5 from No. 8.

JPMorgan Chase & Co. continued to be the largest U.S.-based bank despite falling by one spot to No. 7 in the global ranking, but it would rank No. 2 if it followed the same accounting principles as the Chinese banks. U.S. banks report their financials under U.S. GAAP, while the largest Chinese banks report under the IFRS accounting principle. Under U.S. GAAP, banks report the net amount of derivative assets on their balance sheets, while IFRS companies must report the gross amount of derivative assets. If JPMorgan filed under IFRS, S&P Global Market Intelligence estimates it would add assets of $902.20 billion, bringing its total assets to $3.254 trillion and making it the second-largest bank in the world. S&P Global Market Intelligence did not perform the same analysis on banks that report under Japanese GAAP or other types of GAAP.

Источник: https://www.next-finance.net/S-P-Global-Market-Intelligence,9699

Global Finance ranks the world’s 50 biggest banks, as measured by total assets.

By Dan Keeler

This past year has seen a stunning reversal in the fortunes of the world’s biggest banks. After a flurry of eye-popping write-offs during the height of the credit crunch, the banks have been steadfastly rebuilding and refining their businesses. Perhaps surprisingly, then, at just over $62 trillion the total assets of the world’s 50 biggest banks are barely any greater than they were in our 2008 survey. Almost all of the $2 trillion gain is accounted for by the top 10 banks, which between them have a staggering $26.2 trillion in assets. The number of banks with more than $1 trillion in assets has barely grown—from 24 to 25—while the number that boast assets over $2 trillion remained static at eight.

In contrast to previous years, asset growth has been far from uniform. Several of the biggest banks, including perennial table-topper Royal Bank of Scotland and formerly consistent asset leader Citi, saw their assets drop between the end of 2007 and the end of 2008. Those that saw sharp rises in their assets were mostly banks that had grown through acquisition, such as Lloyds Banking Group, JPMorgan Chase and Wells Fargo.

Once again, British banks dominate the top of the table, snagging three of the top five spots. China’s banks continue their relentless march, with four in the top half of the table compared with just one last year. Meanwhile, the Swiss giants—UBS, which fell from eighth to 10th, and Credit Suisse, down from 18th to 23rd—continue their steady slide.

biggest_banks

Источник: https://www.gfmag.com/awards-rankings/best-banks-and-financial-rankings/worlds-biggest-banks-2009
The Banker March 2015 edition

The ranking is the definitive measure of the health, performance and growth of leading Central American banks. The ranking tracks the 100 largest Central American banks in terms of Tier 1 Capital and covers $200,241 million of total assets.

The Top 100 Central American Banks ranking is generated using headline figures from the wider data set available in The Banker Database. The Banker Database provides online access to all our proprietary research, including comprehensive financial time-series data on more than 4,000 banks in 160 countries.

While BAC Panama remained in top position, other Colombian-owned lenders faired less well in the Top 100 Central American Banks ranking, leaving the way open for Panamanian, Costa Rican and Guatemalan banks to make up ground.

To find out how you can access this invaluable data, contact us today:

Tel: +44(0)207775 6368/6370

Email: [email protected]

The Banker March 2015 edition

Published in The Banker’s March edition, the Top 100 Central American Banks ranking identifies the region’s fastest growing, most profitable and efficient banks – to purchase your copy today email [email protected]

About The Banker Database

The Banker Database produces a wide range of country and regional rankings, relied on for their high level of cross-border comparability. The data has been normalised for regional reporting and regulatory variations, and has formed the basis of The Banker's monthly bank rankings, including the world-renowned Top 1000 World Banks, since 1970.

During these challenging times you need the right tools to be able benchmark your performance and identify investment opportunities.

The Banker Database provides you with comprehensive financial data, news feeds and executive contact data on the leading banks in every country.

www.thebankerdatabase.com

Top 100 American Banks
Источник: https://www.thebanker.com/Archive2/Top-100-Central-American-Banks

Big Five FTSE 100 banks record biggest combined profit since start of 2013

“In addition, Barclays and Lloyds raised their interim dividends and Standard Chartered and RBS resumed first-half payments, to put the quintet on track to make their biggest combined pay-out since 2007.”

Source: Company accounts

Source: Company accounts, Digital Look and analysts’ consensus forecasts for 2018E

“The puzzle for investors, given this glut of apparently good news, is why the shares are not doing better. The Banks sector is down around 7% for the year, against a broadly flat showing from the FTSE All-Share, a showing weak enough to leave Banks ranked 32nd out of the 39 industrial groupings which make up the All-Share.

“There are four possible reasons which could explain this turgid showing.

  • “First, the quality of the increase in banks’ earnings is modest, with the bulk of the improvement coming from lower restructuring charges, asset write-downs and legal bills, rather than loan growth. In the second quarter of 2018, pre-tax income rose by £1.4 billion year-on-year to £9.3 billion – loan and asset impairments fell by £2 billion, restructuring costs by £0.6 billion and conduct costs by £0.5 billion, so underlying progress was unimpressive.

  • “Second, the modest underlying performance is reflected in further declines in risk-weighted assets, loans and deposits across the Big Five. This shows they are still shrinking themselves back to health and also reflects how they generally operate in mature markets that are very competitive and tightly regulated, so – with the exception of HSBC and Standard Chartered’s Asian operations and the highly cyclical investment banks of HSBC and Barclays – prospects for sustained growth are limited. As such, the banks need to offer juicy dividends to compensate investors for the risks of owning them and, as yet, only HSBC and Lloyds really offer a fat enough yield for them to be perhaps worth the trouble. Further increases at Barclays, Standard Chartered and RBS in particular are therefore required.

2018E

P/E

Price/book

Dividend yield

Dividend cover

HBSC

12.9 x

1.37 x

5.5%

1.4 x

Lloyds

8.6 x

1.19 x

5.5%

2.1 x

Royal Bank of Scotland

9.8 x

0.88 x

3.2%

3.2 x

Standard Chartered

12.7 x

0.74 x

2.6%

3.1 x

Barclays

9.5 x

0.73 x

3.5%

3.0 x

Source: Thomson Reuters Datastream, Digital Look, consensus analysts’ forecasts

  • “Third, the UK banks are not alone in their poor share price performance. The banking sectors in Europe, the US and Japan have all underperformed the broader local indices in 2018. This suggests that someone, somewhere is worried about the state of the global economy and its ability to withstand higher interest rates and lower QE, the increases in global indebtedness since 2007, the state of the globe’s financial plumbing or perhaps something else altogether. In other words, is this as good as it gets?

  • “Finally, valuations are no longer in knockdown territory, even if the pre-crisis highs remain well out of reach. HSBC and Lloyds now trade at a premium to book value, thanks to their dividend yields. Standard Chartered, RBS and Barclays all trade at a discount to net asset value, but all three must sustainably improve profitability (and the quality as well as the quantity of their income) to close up the gap.”

Источник: https://www.ajbell.co.uk/news/big-five-ftse-100-banks-record-biggest-combined-profit-start-2013

Brand Value of World’s Largest Banks Contracts for Second Year Running but Reputation Redemption Could Signal Road to Recovery in Pandemic Aftermath

  • World’s most valuable banking brands suffer severe decline in brand value following devastating effects of COVID-19 pandemic, two-thirds address for wells fargo center in philadelphia pa brand value loss
  • Chinese banks make up one-third of total brand value in Brand Finance Banking 500 2021 ranking, with ICBC retaining title of world’s most valuable banking brand - brand value US$72.8 billion
  • Five US banks claim spots in top 10, with Bank of America highest ranked in 5th. JP Morgan is only bank in top 10 to record brand value growth, up 3%
  • Vietnam’s banking sector sees greatest year-on-year brand value growth at 23%
  • Union Bank zillow homes for rent st cloud fl India is fastest growing in ranking, up by a staggering 163% to US$1.2 billion, following Andhra Bank and Corporation Bankamalgamation
  • 23 new entrants in ranking this year, with Truist entering in 36th position
  • Sber overtakes BCA to become world’s strongest banking brand, with a Brand Strength Index (BSI) score of 92.0 out of 100 and an elite AAA+ rating

View the full Brand Finance Banking 500 2021 report here

As governments scramble to stimulate economic growth in the face of the ongoing global health crisis, and profits and interest rates take a hit, nearly two-thirds of the world’s 500 most valuable banking brands have recorded brand value losses, according to the latest report by Brand Finance – the world’s leading brand valuation consultancy, published by The Banker magazine today.

The industry has seen a dramatic downturn in the past two years when compared with previous year-on-year performance. The total brand value in the annual Brand Finance Banking 500 ranking increased by 10% in 2018 (from US$1.07 trillion to US$1.18 trillion) and again by 15% in 2019 (US$1.36 trillion) but decreased by 2% and 4% in 2020 (US$1.33 trillion) and 2021 (US$1.27 trillion), respectively.

The economic impacts of the COVID-19 pandemic are difficult to ignore, with global GDP forecasted to shrink by over 4%, which would signal the largest global recession since the Second World War.

Analyses conducted by Brand Finance on the world’s most valuable brands over three recessionary periods indicate that, on average, of the 100 brands that lost the most brand value during each recession, 74 of them were banks. On the other hand, of the 100 most successful brands during the recessions, 30 were banks.

Apart from calculating brand value, Brand Finance also determines the relative strength of brands through a balanced scorecard of metrics evaluating marketing investment, stakeholder equity, and business performance. Alongside revenue forecasts, brand strength is a crucial driver of brand value. Banks with a Brand Strength Index (BSI) score below 60 out of 100 experienced an average decline in brand value of 20%, whereas of the banks with a BSI score above 70, the average fall in brand value was only 8% – proving just how important it is for banks to have stronger brands than bon jovi i ll be there for you karaoke competitors during an economic downturn.

David Haigh, CEO of Brand Finance, commented:

“Banking institutions were the main culprit in the last financial crash; this time around they are a large part of helping people overcome the repercussions of COVID-19. Brand Finance research shows that banks’ responses to the global pandemic have led to a year-on-year increase in overall reputation scores among customers, which no doubt could result in an uptick in brand values in the coming year.”

“The widespread shift to digital has also opened up opportunities for banks to deliver better customer service and faster innovations, which goes a long way in enhancing brand awareness and value,” added Joy Macknight, managing editor of The Banker. “Those banks that have been investing time and resources in the digital transformation of their operations commbank app iphone 5 the past few years have seen that investment pay off during the pandemic, as they were able to quickly respond to new customer needs.”

Chinese banks maintain dominance

Chinese banks maintain dominance of the Brand Finance Banking 500 2021 ranking, accounting for one-third of total brand value and seven of the ten top climbers by absolute brand value. Chinese banks have been largely impervious to the issues plaguing their counterparts elsewhere in the world – as two-thirds of brands in the ranking have experienced losses, Chinese banks recorded a healthy 3% average brand value growth. This is largely attributable to the banking sector’s role in China’s timely and effective response to COVID-19, which included regulatory policy adjustments for asset management, wealth management, and inter-banking, as well as increased investment into digitalisation.

Despite a 10% drop in 100 largest banks in the world value to US$72.8 billion, ICBC remains the world’s most valuable banking brand. As the biggest bank in China, ICBC continues to fare well with consumers, regardless of the bank’s depreciating brand value due to the pandemic’s negative impact on its investment portfolio return. Nonetheless, the brand maintains a healthy lead ahead of China Construction Bank (down 5% to US$59.6 billion) and Agricultural Bank of China (down 3% to US$53.1 billion), which come in at 2nd and 3rd place in the ranking, respectively.

China Guangfa Bank is also a remarkable addition to the country’s portfolio, entering the Brand Finance Banking 500 2021 ranking for the first time at an impressive 84th position and valued at US$3.3 billion. The Hong Kong Monetary Authority recently granted China Guangfa Bank a banking licence, widening its footprint outside of mainland China.  

David Haigh, CEO of Brand Finance, commented:

“Chinese banks have scored extremely well in Brand Finance’s Global Brand Equity Monitor research this year, ranking highly for attributes such as recommendation. This is undoubtedly an effect of China’s management of the COVID-19 pandemic, which has allowed its economy to continue functioning relatively unscathed, allowing space for banks to grow further.”

US banks five spots in top ten

US banks account for almost a quarter of the total brand value in the ranking - the nation’s 74 banks reaching a cumulative brand value of US$274.8 billion. Five US brands feature in the top 10: Bank of America (down 7% to US$32.8 billion), Citi (down 3% to US$32.2 billion), Wells Fargo (down 22% to US$31.8 billion), Chase (down 8% to US$28.8 billion), and JP Morgan (up 3% to US$23.6 billion). Bank of America remains the most valuable banking brand in the US, placing fifth overall, and JP Morgan is the only brand in the top 10 to record a positive value change.

Currently holding the lowest reputation score among all banks in the US, Wells Fargo experienced the largest decline in brand value – dropping two places to seventh overall, and third in the US – the result of failing to rebuild favour among customers in the wake of several past scandals.

Citi, the third largest US bank by assets, has emerged as the strongest retail bank in the US with a BSI score of 80.7 out of 100 and AAA- brand rating (up from AA+ in 2020). Citi has also climbed one place in the ranking to 6th position, following a rapid rebound in its profits in the third quarter of last year.

Spotlight on Vietnam

Vietnam’s banking sector has seen the greatest year-on-year brand value growth compared to any other nation in the ranking, standing at 23%. Vietnam’s ability to effectively control and constrain COVID-19 has allowed it to buck the sector-wide trend of declining brand value. Internal reforms have strengthened accountability of the Vietnamese financial sector, which has had the knock-on effect of boosting not just revenues, but brand reputation and trust. Vietnam’s banking sector has also recorded a 753% 5-year cumulative brand value growth, the second fastest national growth in the ranking.

Union Bank of India cashes in, up 163%

The Union Bank of India saw the fastest year-on-year growth of any bank globally, growing by 163% to US$1.2 billion and simultaneously soaring 128 places to claim 169th spot.

The amalgamationbetween Andhra Bank and Corporation Bank is primarily responsible for this growth - borne as part of a nationwide effort to consolidate India’s banking space. This success is also mirrored at the national level. Apart from China, India was the only nation in the top 10 countries by total brand value to see growth, with its cumulative brand value up 3% this year.

Ones to watch

While some of the world’s largest banks have floundered during the pandemic, 23 insurgent newcomers have joined the ranking, hailing from Europe, Asia, the US, and South America.

The highest new entrant is Truist at 36th position, with a brand value of US$8.0 billion. Formed in 2019 – a result of a merger between BB&T and SunTrust, which sat in 68th and 86th in the 2019 iteration of the Brand Finance Banking 500 ranking, respectively, with a combined brand value of US$7.2 billion. This merger is testament to the power of rebranding and a revised strategy, demonstrating that brands can be reinvigorated even in the face of a global crisis.

Sber overtakes BCA as sector’s strongest

Sber has been increasing in brand strength year-on-year to become the strongest brand in the Brand Finance Banking 500 2021 ranking and the world’s third strongest brand across all sectors in the Brand Finance Global 500, with a Brand Strength Index (BSI) score of 92.0 out of 100 and a coveted AAA+ brand strength rating.

As the largest bank in Russia, Sber has benefitted from its stable brand and high levels of customer loyalty. These have only been boosted by the recent rebranding to consolidate its ecosystem of services – encompassing banking, health, and logistics, among others – around the Sber brand. Sber is poised for further success, as the company’s pledge to spend more on its brand in the coming year is likely to further boost its BSI score.   

In Brand Finance’s original market research, Sber consistently outperforms its peers in overall reputation and familiarity – it is widely known, always top-of-mind, and well-regarded. As a result, recommendation is high. Its ubiquitous presence and – in consumers’ eyes – by far 100 largest banks in the world best digital offering ensure high mental and physical availability, which are strong foundations for brand strength.

David Haigh, CEO of Brand Finance, commented:

“Sber’s successful rebranding as a cross-sector tech brand can be an example to other market leaders worldwide. While some rest on their laurels and are often surprised by disruptive challengers, Sber is focused on the future, innovating and modernising with their customers’ best interests in mind.”

Despite this success, Sber is not divorced from the wider issues stemming from the COVID-19 pandemic. Sber’s 13% brand value drop in local currency terms has been exacerbated by the increased risk in the Russian economy, following the mid-year collapse in oil prices and the subsequent weakening of the Russian ruble, resulting in an overall 29% drop in USD terms to US$9.4 billion.

As the second strongest brand in the ranking, Indonesia’s BCA has maintained its BSI score of 91.6 utah food bank of 100 100 largest banks in the world is the only brand aside from Sber to have been awarded an elite brand strength rating of AAA+. The brand remains one of the biggest banks in the ASEAN region and has the largest market capitalisation value on the Indonesian Stock Exchange.

South Africa provides the third strongest banking brand this year, Capitec Bank, which has maintained its BSI score of 89.2 out of 100 and corresponding AAA rating. Surpassing the 15 million client mark in December 2020, Capitec has more customers than any other South African bank, benefiting from its excellent customer service and personalised banking experience. Fellow South African brand, First National Bank, in 4th place for brand strength globally, is also the most valuable bank in all of Africa with a brand value of US$1.3 billion.

David Haigh, CEO of Brand Finance, commented:

“Few sectors have been as detrimentally affected by the COVID-19 pandemic as the banking industry, reflected in the overall brand value decline this year. Within this context, Sber, BCA, and Capitec Bank have fared extremely well, retaining their elite brand strength ratings through positive reputations and consumer perceptions of their brands.”

View the full Brand Finance Banking 500 2021 report here

ENDS

Источник: https://brandfinance.com/press-releases/brand-value-of-worlds-largest-banks-contracts-for-second-year-running-but-reputation-redemption-could-signal-road-to-recovery-in-pandemic-aftermath

Number of banks in the world which have reported an asset size above $1 trillion has increased from 29 to 39 in 2020

NEW YORK, April 21, 2021 /PRNewswire/ -- Largest banks in Asia Pacific continue to dominate the world's biggest banks in 2020, according to the latest Global Bank Ranking published by S&P Global Market Intelligence, an annual ranking of the 100 largest banks in the world in terms of total assets.

Number of top 100 banks in each country

The top five institutions in the ranking, which include Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Agricultural Bank of China Ltd., Bank of China Ltd., and Japan's Mitsubishi UFJ Financial Group Inc., remained unchanged from the year before.

"China's banks benefitted from a much swifter economic recovery from the COVID-19 downturn than experienced by other geographies in 2020," said Nathan Stovall, Principal Analyst at S&P Global Market Intelligence. "China's economy returned to pre-pandemic levels by the fourth quarter of last year, while other major developed economies have still not achieved that feat."

"The pace of future vaccinations and efforts to control the COVID-19 in 2021 will play a major role local nail salons open today shaping the operating environment for respective banks across the globe. Banks operating in economies that are poised to reopen sooner will have a leg up on other institutions that remain embattled by the pandemic," Stovall added.

Driven by strong credit growth, China continues to house the greatest number of top 100 banks, with 19 institutions collectively holding assets worth $30.458 trillion, representing a 17.66% increase in 2020. The U.S. banks follow, with 12 institutions holding a combined asset size of $15.538 trillion.

Among the most notable movements this year, U.S.-based JPMorgan Chase & Co. reclaimed its place as the world's sixth-largest financial institution, overtaking U.K.-based HSBC Holdings PLC after reporting a 26% yearly increase in assets by the end of 2020, up to $3.386 trillion.

French BNP Paribas SA advanced two spots to become the world's No. 7 after posting a 26.8% increase in assets last year. HSBC Holdings PLC, by contrast, dropped to the No. 8 spot with assets of $2.984 trillion.

This year's ranking includes two newcomers to the list: U.S.-based State Street Corp. which took the No. 94 spot with $314.71 billion in assets, and Canadian Desjardins Group, which landed on the No. 99 spot with $284.13 billion in assets at the end of 2020.

Regional rankings from the Global Bank Ranking series will also be available in the coming weeks:

  • Top 50 U.S.

  • Top 50 Europe

  • Top 50 Asia-Pacific

  • Top 50 Latin America & Caribbean

  • Top 30 Africa and the Middle East

To access the Top 100 list, or any of the regional bank rankings, please contact [email protected]

Note to Editors

Company assets were adjusted on a best-efforts basis for pending mergers, acquisitions and divestitures, as well as M&A deals that closed after the end of the reporting period through March 31. Assets reported by non-U.S. dollar filers were converted to dollars using period-end exchange rates. Total assets were taken on an "as-reported" basis and no adjustments are made to account for differing accounting standards.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, perform valuations and assess credit risk. Investment professionals, government agencies, corporations and universities around the world use this essential intelligence to make business and financial decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI), the world's foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical business factors. S&P Global has been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years. For more information, visit www.spglobal.com/marketintelligence.

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SOURCE S&P Global Market Intelligence

Источник: https://finance.yahoo.com/news/p-global-market-intelligence-global-121500045.html
The Ten Largest Banks in <b>100 largest banks in the world</b> World

The world’s financial institutions are proof 100 largest banks in the world the balance of economic power has shifted. Once dominated by US banks, the international financial landscape of today is now shaped by activities in Asia.

Chinese banks, in particular, play a leading role. Although China, the United States and the United Kingdom have the strongest banking presence globally based on tier 1 capital, China’s grip on the world’s top asset-bearing institutions highlights the Chinese State’s indisputable influence over the financial sector.

Even as China heads towards becoming the largest consumer market on the planet, however, questions about its short-term and long-term economic relationship with the West remain. Combined with the shifting, digitally-driven habits of next-generation banking clients, the make-up and positioning of the world’s top banks will never be completely set in stone.

Here are the top 10 largest banks in the world by assets:

The Ten Largest Banks in the World

10. Crédit Agricole

Total Assets: $1.92 trillion

Country of Origin: France

Founded: 1894

Employees: 75,811

France’s second-largest banking group, Crédit Agricole was founded to extend credit and assist farmers with their banking needs in a bid to spur agricultural activities across the country.

The bank expanded its network and client base throughout the 20th century, eventually offering services and products to all businesses and consumers. In 1988, the bank disassociated itself with the state and listed on the stock exchange in 2001. The move allowed Crédit Agricole to diversify into corporate and investment banking – a strategy it took further with the acquisition of Finaref in 2003. Crédit Agricole is headquartered in Montrouge, France.

The Ten Largest Banks in the World

9. Bank of America

Total Assets: $2.36 trillion

Country of Origin: USA

Founded: 1904

Employees: 204,000

Bank of America became 100 largest banks in the world United States’ first coast-to-coast banking institution in 1998 through the merger of BankAmerica and NationsBank. In the following decades, Bank of America grew to serve one out of every two households in the US and most global Fortune 500 companies.

Headquartered in Charlotte, North Carolina, the company operates through nearly 4,300 retail financial locations and approximately 16,800 ATMs. Bank of America‘s digital banking solution assists around 29 million mobile users.

The Ten Largest Banks in the World

8. BNP Paribas

Total Assets: $2.44 trillion

Country of Origin: France

Founded: 1848

Employees: 202,624

France’s largest banking group and Europe’s second-largest, BNP Paribas was created in 2000 following the merger between Banque Nationale de Paris and Paribas. Operating in 72 countries, the bank engages through an integrated business model which includes retail banking and services and corporate institutional banking. BNP Paribas is headquartered in Paris. The Group serves nearly 33 million clients worldwide through its retail-banking networks and 27 million personal finance clients.

The Ten Largest Banks in the World

7. HSBC

Total Assets: $2.56 trillion

Country of Origin: United Kingdom

Founded: 1865

Employees: 228,687

Europe’s largest banking group, HSBC was established in Hong Kong to facilitate trade between Europe and Asia during the 19th century. HSBC is an acronym that corresponds to the bank’s original name, “Hongkong and Shanghai Banking Corporation”. The company was founded by Scotland native Thomas Sutherland who was working for a shipping firm in Hong Kong in 1864.

During the second half of the 20th century, HSBC expanded its network globally, gaining a foothold in the US with the purchase of Marine Midland bank in 1980. Another major expansion step for the bank was its acquisition of the UK’s Midland Bank in 1992.

HSBC serves more than 40 million customers through its personal, wealth and corporate segments in 64 countries and territories.

The Ten Largest Banks in the World

6. JPMorgan Chase

Total Assets: $2.74 trillion

Country of Origin: USA

Founded: 1968

Employees: 256,105

Established after a 2000 merger between J.P. Morgan & Company and Chase Manhattan Bank, JPMorgan Chase & Co. is the United States’ largest bank. The company’s 2004 merger with Bank One and 2008 acquisition of the Bear Stearns group extended JPMorgan Chase & Co.’s retail presence nationally from coast to coast in the US.

Headquartered in New York City, JPMorgan Chase & Co. operates in over 100 markets, providing retail banking and credit card services in addition to asset management, private wealth and security services.

The Ten Largest Banks in the World

5. Mitsubishi UFJ Financial Group

Total Assets: $3.09 trillion

Country of Origin: Japan

Founded: 2001

Employees: 117,321

Headquartered in Tokyo, Mitsubishi UFJ Financial Group is Japan’s largest financial services company and a subsidiary of the Mitsubishi Group. Established in its present form by way of a 2005 merger between Bank of Tokyo-Mitsubishi and UFJ Bank, MUFG engages in retail banking, both personal and commercial, in addition to investment services.

MUFG went on to form a strategic alliance with Morgan Stanley in the wake of the 2008 financial crisis, investing $9 billion into the US firm in an effort to strengthen the investment banking sector. The once family-controlled Mitsubishi group of companies founded by Iwasaki Yatarō in 1873 was dissolved and restructured during the 1950s into an independently controlled operating model.

The Ten Largest Banks in the World

4. Bank of China

Total Assets: $3.16 trillion

Country of Origin: China

Founded: 1912

Employees: 311,133

China’s longest continuous operating bank, BOC served as the country’s central bank, international exchange bank and specialised international trade bank until 1949. BOC was transformed into a wholly state-owned commercial bank in 1994 and is considered one of China’s most globalised, integrated banks with operations in 57 countries. Headquartered in Beijing, BOC engages in banking and related financial services through its corporate banking, personal banking, treasury operations, investment banking and insurance segments.

The Ten Largest Banks in the World

3. Agricultural Bank of China

Total Assets: $3.29 trillion

Country of Origin: China

Founded: 1951

Employees: 473,691

Originally established as the Agricultural Cooperative Bank, a state-owned specialised bank, ABC restructured into a wholly state-owned and controlled commercial bank during the late 1970s. ABC is one of China’s largest integrated financial service providers, with over 23,682 domestic branch outlets and ten overseas branches serving over 320 100 largest banks in the world customers.

The Agricultural Bank of China engages through its retail and investments segments and is credited with one of the world’s largest IPOs at $22.1 billion in 2010, second only to Alibaba Group Holding Limited’s $25 billion.

The Ten Largest Banks in the World

2. China Construction Bank Corporation

Total Assets: $3.38 trillion

Country of Origin: China

Founded: 1954

Employees: 352,621

Headquartered in Beijing, China, Construction Bank was founded as the People’s Construction Bank of China, a wholly state-owned bank used to administer and disburse government funds for construction- and infrastructure-related projects. CCB transitioned into more commercial banking functions in 1979, eventually becoming a full-service commercial bank in 1994.

CCB is one of China’s leading commercial banks, offering a range of commercial banking products and services through its corporate, personal and treasury banking segments. China Construction Bank Corporation operates through its approximately 13,629 branch outlets in addition to overseas branches in Hong Kong, Singapore, Frankfurt, Johannesburg, Tokyo, Seoul, New York, Ho Chi Minh City and Sydney.

The Ten Largest Banks in the World

1. Industrial and Commercial Bank of China

Total Assets: $4.03 trillion

Country of Origin: China

Founded: 1984

Employees: 449,296

The world’s largest bank, ICBC serves 5,784 thousand corporate customers and 530 million personal customers across 42 countries and territories. Industrial and Commercial Bank of China ranks number one on Forbes‘ list of the largest 2000 public companies by assets and twentieth in sales with its $176 billion annually.

Headquartered in Beijing, the state-owned bank was listed on both the Hong Kong Stock Exchange and Shanghai Stock Exchange in 2006, claiming the world’s largest IPO at that time with $21.9 billion raised.

Lee Hoverd

Источник: https://www.tharawat-magazine.com/facts/ten-largest-banks/

Global Finance ranks the world’s 50 biggest banks, as measured by total assets.

By Dan Keeler

This past year has seen a stunning reversal in the fortunes of the world’s biggest banks. After a flurry of eye-popping write-offs during the height of the credit crunch, the banks have been steadfastly rebuilding and refining their businesses. Perhaps surprisingly, then, at just over $62 trillion the total assets of the world’s 50 biggest banks are barely any greater than they were in our 2008 survey. Almost all of the $2 trillion gain is accounted for by the top 10 banks, which between them have a staggering $26.2 trillion in assets. The number of banks with more than $1 trillion in assets has barely grown—from 24 to 25—while the number that boast assets over $2 trillion remained static at eight.

In contrast to previous years, asset growth has been far from uniform. Several of the biggest banks, including perennial table-topper Royal Bank of Scotland and formerly consistent asset leader Citi, saw their assets drop between the end of 2007 and the end of 2008. Those that saw sharp rises in their assets were mostly banks that had grown through acquisition, such 100 largest banks in the world Lloyds Banking Group, JPMorgan Chase and Wells Fargo.

Once again, British banks dominate the top of the table, snagging three of the top five spots. China’s banks continue their relentless march, with four in the top half of the table compared with just one last year. Meanwhile, the Swiss giants—UBS, which fell from eighth to 10th, and Credit Suisse, down from 18th to 23rd—continue their steady slide.

biggest_banks

Источник: https://www.gfmag.com/awards-rankings/best-banks-and-financial-rankings/worlds-biggest-banks-2009

Big Five FTSE 100 banks record biggest combined profit since start of 2013

“In addition, Barclays and Lloyds raised their interim dividends and Standard Chartered and RBS resumed first-half payments, to put the quintet on track to make their biggest combined pay-out since 2007.”

Source: Company accounts

Source: Company accounts, Digital Look and analysts’ consensus forecasts for 2018E

“The puzzle for investors, given this glut of apparently good news, is why the shares are not doing better. The Banks sector is down around 7% for the year, against a broadly flat showing from the FTSE All-Share, a showing weak enough to leave Banks ranked 32nd out of the 39 industrial groupings which make up the All-Share.

“There are four possible reasons which 100 largest banks in the world explain this turgid showing.

  • “First, the quality of the increase in banks’ earnings is modest, with the bulk of the improvement coming from lower restructuring charges, asset write-downs and legal bills, rather than loan growth. In the second quarter of 2018, pre-tax income rose by £1.4 billion year-on-year to £9.3 billion – loan and asset impairments fell by £2 billion, restructuring costs by £0.6 billion and conduct costs by £0.5 billion, so underlying progress was unimpressive.

  • “Second, the modest underlying performance is reflected in further declines in risk-weighted assets, loans and deposits across the Big Five. This shows they are still shrinking themselves back to health and also reflects how they generally operate in mature markets that are very competitive and tightly regulated, so – with the exception of HSBC and Standard Chartered’s Asian operations and the highly cyclical investment banks of HSBC and Barclays – prospects for sustained growth are limited. As such, the banks need to offer juicy dividends to compensate investors for the risks of owning them and, as yet, only HSBC and Lloyds really offer a fat enough yield for them to be perhaps worth the trouble. Further increases at Barclays, Standard Chartered and RBS in particular are therefore required.

2018E

P/E

Price/book

Dividend yield

Dividend cover

HBSC

12.9 x

1.37 x

5.5%

1.4 x

Lloyds

8.6 x

1.19 x

5.5%

2.1 x

Royal Bank of Scotland

9.8 x

0.88 x

3.2%

3.2 x

Standard Chartered

12.7 x

0.74 x

2.6%

3.1 x

Barclays

9.5 x

0.73 x

3.5%

3.0 x

Source: Thomson Reuters Datastream, Digital Look, consensus analysts’ forecasts

  • “Third, the UK banks are not alone in their poor share price performance. The banking sectors in Europe, the US and Japan have all underperformed the broader local indices in 2018. This suggests that someone, somewhere is worried about the state of the global economy and its ability to withstand higher interest rates and lower QE, the increases in global indebtedness since 2007, the state of the globe’s financial plumbing 100 largest banks in the world perhaps something else altogether. In other words, is this as good as it gets?

  • “Finally, valuations are no longer in knockdown territory, even if the pre-crisis highs remain well out of reach. HSBC and Lloyds now trade at a premium to book value, thanks to their dividend yields. Standard Chartered, RBS and Barclays all trade at a discount to net asset value, but all three must sustainably improve profitability (and the quality as well as the quantity of their income) to close up the gap.”

Источник: https://www.ajbell.co.uk/news/big-five-ftse-100-banks-record-biggest-combined-profit-start-2013

Press Releases

  • With a score of 74.98 (out of 100) the ING Group came out at the top of the FinCrime Risk Monitor ranking from Elucidate, a financial crime risk benchmarking company.
  • Commerzbank (scoring 74.70) and Nordea (scoring 74.52) ranked in second and third place respectively, rounding out the top places.
  • The list examines the largest 100 banks according to their market capitalisation and assets under management.

Berlin, Germany, 11 October 2021 — Dutch financial services corporation, ING Group, has been ranked as the leading institution in financial crime risk management in a ranking that examines the largest 100 banks in the world according to market capitalisation and assets under management. Commerzbank, from Germany, and Nordea, from Finland, positioned themselves second and third respectively.

Elucidate's FinCrime Risk Monitor (EFRM) ranking is based on the company's open database for scoring the financial crime risk vulnerability of financial institutions. The platform aims to build trust and confidence in an industry beset with financial crime scandals in recent years, by providing a universal san jose earthquakes 10k crime risk standard and benchmark.

Shane Riedel, CEO of Elucidate, said: "The EFRM represents a shift from superficial and inaccurate risk scoring of financial institutions. On the surface, based on a limited amount of public data, one might have anticipated that some of the strongest banks in the market are quite poor at managing financial crime risk. In reality, and based on the most timely and insightful data sets, we see that banks can and are shifting their risk profiles. These banks deserve to be acknowledged for the results of their efforts."

ING Group's placement at the top of the ranking rewards the Bank’s efforts under its Global KYC Enhancement Programme and other initiatives started in 2017.  

Speaking on the list, Dr. Anjishnu Bandyopadhyay, Senior Data Scientist at Elucidate stated: "The banks analysed in the ranking serve as central nodes within the global financial system. Therefore, any financial crime risk associated with these has an increased likelihood of contagion through the market. It is important to examine closely what efforts these institutions are taking to mitigate their risk."

For the report, 100 banks were analysed distributed across 26 different jurisdictions. Amongst these China, the US and Japan are the countries with the most representation with 17, 13 and 7 banks listed respectively. However, the average scores for these jurisdictions lie far from the top-scoring institutions, most instead being within the 54-57 range.

The EFRM score is an aggregation of scores across four themes: customer portfolio, transactional activity, reputation, and geographic footprint. 100 largest banks in the world algorithms are developed for each of the four themes. The scores for the first two themes, which quantify dynamical financial crime risk, are calculated using gaussian modelling. The reputation risk is calculated by employing Natural Language Processing (NLP) methods like sentiment analysis of entities identified using Named Entity Recognition (NER) on public data. The final EFRM score is a weighted average of these four themes with the highest weights assigned to transactional and customer risk themes.

For financial institutions seeking additional information and insights, Elucidate offers their regulated benchmark, the Elucidate FinCrime Index (EFI), with in-depth data analysis across nine industry risk themes, that help professionals build trust in your network through more transparent compliance.


The full ranking can be accessed here: EFRM Ranking - 100 Largest Banks

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About the Elucidate FinCrime Risk Monitor (EFRM): The FinCrime Risk Monitor (https://monitor.elucidate.co) is the largest public database for financial crime risk scores on the planet. It evaluates more than 21000 financial institutions from around the world across nine different risk themes. The ERFM  is powered by the Elucidate’s FinCrime Index (EFI), the market’s only regulated 100 largest banks in the world crime risk benchmark.


About Elucidate: Elucidate (https://www.elucidate.co) is a financial crime risk quantification platform, regulated by the BaFin and ESMA, providing the market’s only authorised financial crime benchmark. From our base in Siliconallee, one of Berlin’s most diverse teams works with financial institutions and regulators with the goal of identifying, minimising, and pricing their financial crime risk exposure.

For more information about this press release contact [email protected]

All announcements:

Источник: https://www.elucidate.co/press-release/ing-group-commerzbank-and-nordea-lead-financial-crime-risk-global-ranking

Over the past decade there has been a shift in strength between Western and Eastern banking. While Asia used to look at the West as an example of banking in terms of product and service innovation, the numbers recently shared in a research publication by McKinsey’s Future of Asia paints a different picture of the current situation.

The report highlights how more than 40 of the top 100 largest banks in the world by assets are now Asian. Also, approximately half of the market capitalization is taken by Asian Financial Institutions. The Asian banking sector has been the largest regional market for a decade, generating profits in excess of USD 700 billion (pre-taxes), equivalent to 37% of the global banking profit in 2018.

Asian banks have accelerated in providing advanced tech solutions for their clients, showing a dynamic fintech trend. From China to Southeast Asia, a multitude of fintech providers have established their presence as the de facto standard payment solution in their respective markets. From China, and spreading quickly throughout other Asian countries, Alipay has become a heavily adopted payments model for both the B2B and B2C segments.

In terms of Trade Finance offerings and market share, Western banks, such as BNP Paribas, Société Générale and ABN Amro, up until recently market leaders are now retreating and down-sizing, especially in Commodity finance where recent frauds have made banks shut down desks in Asia as well as globally. The are enoki mushrooms good for you for funding and financing in the industry is expected to remain or grow, and it seems plausible that the gap left behind by European banks will be picked up by Asian banks - further shifting the centre of power Eastward in the world of banking.

More figures and upcoming trends can be found in the results posted in the report by McKinsey’s Future of Asia.

Источник: https://www.mitigram.com/articles/82-the-asia-banking-decade

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