For the very first time, a Chinese bank has been ranked as the world’s largest. The Banker magazine compiles an annual list of the world’s top 1,000 banks, using Tier 1 capital to measure an institution’s ability to conduct large scale lending and endure shocks.
Highlighting the growing size and power of the Chinese banking sector, Industrial and Commercial Bank of China (ICBC) has soared to the top of the list, displacing Bank of America and JPMorgan Chase in the process. The former has fallen from first place to third, while the latter remains second.
Britain’s HSBC Holdings comes in fourth while another Chinese group, the China Construction Bank Corporation, rounds off the top five. Interestingly, China now has four banks in the top 10 of the Banker magazine’s list, matching the United States.
Related Infographics
FAQ
- The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista. When publishing one of these graphics, please include a backlink to the respective infographic URL. More Information
- The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", which current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.
- For individual content and infographics in your Corporate Design, please visit our agency website www.statista.design
Any more questions?
Get in touch with us quickly and easily.
We are happy to help!
Do you still have questions?
Feel free to contact us anytime using our contact form or visit our FAQ page.
Your contact to the Infographics Newsroom
Statista Content & Design
Need infographics, animated videos, presentations, data research or social media charts?