Top 10 Biggest Banks In Asia

Hue Nguyen Huynh 28 0 Error

Today, banking institutions serve their traditional clients, who include individual consumers as well as large and small businesses, by providing savings and ... read more...

  1. The Industrial and Commercial Bank of China Limited (ICBC) is a Chinese international banking corporation. ICBC is a state-owned commercial bank that was founded in 1984 as a limited business. The bank's Tier 1 capital in 2013 was the greatest of one thousand worldwide banks, with capital given by the Chinese Ministry of Finance, making it the first bank based in China to earn this distinction in modern history.


    From 2012 to 2019, The Industrial and Commercial Bank of China Limited (ICBC) was ranked first in The Banker's Top 1000 World Banks rating, and first (2019) on the Forbes Global 2000 list of the world's largest public firms. The Financial Stability Board classifies it as a systemically important bank.


    The Industrial and Commercial Bank of China Limited (ICBC) is headquartered in Beijing and employed 453,048 people. It has more than 17,000 domestic branches and has a presence in 41 countries.


    MORE INFORMATION:
    Market cap:
    $290.24B
    Website:
    https://www.icbc.com.cn/icbc/en/

    Industrial & Commercial Bank of China Ltd (photo: https://www.caixinglobal.com/)
    Industrial & Commercial Bank of China Ltd (photo: https://www.caixinglobal.com/)
    Industrial & Commercial Bank of China Ltd (photo: https://www.retailnews.asia/)
    Industrial & Commercial Bank of China Ltd (photo: https://www.retailnews.asia/)

  2. China Construction Bank Corporation (CCB) is one of the People's Republic of China's "big four" banks. In 2015, CCB was the world's second-biggest bank by market capitalization and the sixth-largest enterprise.


    CCB was established in 1954 as the People's Construction Bank of China, and its name was changed to China Construction Bank in 1996. Its headquarter is in Beijing's Xicheng District.


    The bank has about 345,971 employees and has 13,629 domestic branches. China Construction Bank Corporation (CCB) also has branches in Barcelona, Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York City, Seoul, Singapore, Tokyo, Melbourne, Kuala Lumpur, Santiago de Chile, Sydney, and Auckland, as well as a wholly-owned subsidiary in London. The Financial Stability Board considers it a systemically important bank.


    MORE INFORMATION:
    Market cap:
    $212.99B
    Website:
    http://en.ccb.com/en/home/indexv3.html

    China Construction Bank Corporation (photo: https://www.ledgerinsights.com/)
    China Construction Bank Corporation (photo: https://www.ledgerinsights.com/)
    China Construction Bank Corporation (photo: Can Pac Swire)
    China Construction Bank Corporation (photo: Can Pac Swire)
  3. China Merchants Bank Company Limited (CMB) is a Chinese commercial bank based in Shenzhen, Guangdong. It was founded in 1987 and is China's first share-holding commercial bank that is entirely owned by corporate legal entities.


    CMB provides the following services:

    • Personal Banking Business: personal savings, personal loans, foreign exchange and stock trading, gold trading, and bank card services.
    • Corporate & Investment Banking Business: corporate savings, corporate loans, international settlements, trade finance, asset custody, M&A advising, FX, fixed income.


    China Merchants Bank Company Limited (CMB) had established a service network of more than 1,800 branches globally by the end of 2018, with over 70,000 workers, including six foreign branches, three overseas representative offices, and service outlets in more than 130 cities within mainland China.


    MORE INFORMATION:
    Market cap:
    $195.92B
    Website:
    http://english.cmbchina.com/

    China Merchants Bank Company Limited (photo: https://www.asianinvestor.net/)
    China Merchants Bank Company Limited (photo: https://www.asianinvestor.net/)
    China Merchants Bank Company Limited (photo: Bloomberg)
    China Merchants Bank Company Limited (photo: Bloomberg)
  4. The Agricultural Bank of China (ABC), commonly known as AgBank, is one of the People's Republic of China's "Big Four" banks. It was founded in 1951 and is headquartered in Beijing's Dongcheng District. It has branches in mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore, among other places.


    Agricultural Bank of China has 320 million retail customers, 2.7 million corporate customers, and over 24,000 branches. It is China's third-largest lender in terms of assets. ABC went public in mid-2010, achieving the world's largest-ever initial public offering (IPO) at the time, which has since been surpassed by Saudi Aramco, the Saudi Arabian state-run petroleum corporation.


    Agricultural Bank of China was ranked eighth among the Top 1000 World Banks in 2011, third in Forbes' 13th annual Global 2000 list in 2015, and fifth in 2017. The Financial Stability Board considers it as a systemically significant bank.


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    Market cap:
    $177.94B
    Website:
    https://www.abchina.com/en/

    Agricultural Bank of China (photo: https://www.coindesk.com/)
    Agricultural Bank of China (photo: https://www.coindesk.com/)
    Agricultural Bank of China (photo: Getty Images)
    Agricultural Bank of China (photo: Getty Images)
  5. The Bank of China (BOC) is one of the world's major banks. The Bank of China is legally distinct from its subsidiary, the Bank of China (Hong Kong), yet they have tight working relationships in management and administration and collaborate in a variety of sectors, including reselling BOC's insurance and securities services.


    The Republican government established it in 1912 to replace the Daqing Bank. The Bank of China (BOC) is the second-oldest bank in mainland China that is still in operation (after the Bank of Communications, founded in 1908). It was the fifth-largest bank in China by market capitalization value as of March 31, 2021, and the Financial Stability Board considers it a systemically important bank.


    The Bank of China (BOC) offers a wide range of banking and financial products and services such as credit cards, consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, Securities, asset management, and wealth management.


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    Market cap:
    $139.59B
    Website:
    https://www.boc.cn/en/

    Bank of China Limited (photo: https://www.gfmag.com/)
    Bank of China Limited (photo: https://www.gfmag.com/)
    Bank of China Limited (Photo: Xinhua)
    Bank of China Limited (Photo: Xinhua)
  6. HDFC Bank Limited is an Indian banking and financial services firm. As of April 2021, HDFC Bank is India's largest private sector bank in terms of assets and market capitalization. It is the third-largest corporation on the Indian stock markets, with a market valuation of $122.50 billion. With almost 120,000 workers, it is also India's tenth largest employer.


    The Housing Development Finance Corporation established HDFC Bank in 1994 as a subsidiary, with its registered office in Mumbai, Maharashtra, India.


    The products and services offered by HDFC Bank include wholesale banking, retail banking, treasury, auto loans, two-wheeler loans, personal loans, loans against property, consumer durable loans, lifestyle loans, and credit cards. Payzapp and SmartBUY are two further digital products.


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    Market cap:
    $112.55B
    Website:
    https://www.hdfcbank.com/

    HDFC Bank Limited (photo: ETBFSI)
    HDFC Bank Limited (photo: ETBFSI)
    HDFC Bank Limited (photo: Getty Images)
    HDFC Bank Limited (photo: Getty Images)
  7. PSBC, or Postal Savings Bank of China Co., Ltd., is a commercial retail bank located in Beijing that was founded in 2007. It offers basic financial services, mostly to small and medium-sized businesses, as well as rural and low-income customers. PSBC has 39,798 branches spread over China as of 2017. It now has ¥1.5 billion in deposits and the second most branches, after the Agricultural Bank of China.


    Postal Savings Bank of China has over 600 million personal clients served by more than 40,000 outlets and services. It has demonstrated exceptional asset quality and substantial growth potential, and it is a premier retail bank in China. The bank provides a variety of these products and services to both individuals and businesses.


    MORE INFORMATION:
    Market cap
    : $79.81B
    Website:
    https://www.psbc.com/en

    Postal Savings Bank of China (photo: https://www.coindesk.com/)
    Postal Savings Bank of China (photo: https://www.coindesk.com/)
    Postal Savings Bank of China (photo: https://www.retailnews.asia/)
    Postal Savings Bank of China (photo: https://www.retailnews.asia/)
  8. The Industrial Bank Co., Ltd. is a Chinese commercial bank headquartered in Fuzhou, Fujian Province. The bank was founded in 1988 with the official name is Fujian Industrial Bank Joint-Stock Corporation, Limited. It was renamed "Industrial Bank Co., Ltd." on March 3, 2003.


    The Industrial Bank's primary business operations are as follows:

    • Personal Banking: taking deposits, lending, local&international payments and settlements, safety deposit box service, credit cards.
    • Corporate Banking: bills acceptance and discounting, issuing of financial bonds, provision of letters of credit and guarantee facilities, insurance sales, collections of payments, bank card business.
    • Institutional Banking: agency issuing, cashing&underwriting of government bonds, purchase and sales of government bonds and financial bonds, inter-bank placements and borrowings services, agency service in trading of foreign currencies, settlements&sales of foreign currencies.


    MORE INFORMATION:
    Market cap:
    $76.37B
    Website:
    https://www.cib.com.cn/en/index.html

    Industrial Bank Co. Ltd (photo: IC)
    Industrial Bank Co. Ltd (photo: IC)
    Industrial Bank Co. Ltd (photo: Wikipedia)
    Industrial Bank Co. Ltd (photo: Wikipedia)
  9. MUFG Bank, Ltd. is Japan's largest bank. It was founded in 2006, as a result of the merger of Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd. MUFG is one of Japan's three so-called "megabanks" (along with SMBC and Mizuho). As such, the Financial Stability Board considers it a systemically important bank.


    MUFG Bank, Ltd. serves as the core retail, corporate, and investment banking arm of the Mitsubishi UFJ Financial Group. Its typical customer consists of Japanese corporations, however international corporate lending surged by 35% in the nine months ended December 31, 2011. Mitsubishi UFJ Financial Group / MUFG Bank was the largest bank in Japan and the fourth largest in the world as of 2019.


    The MUFG Bank, Ltd.'s headquarters are in Marunouchi, Chiyoda, Tokyo, and it has 772 additional branches in Japan and 76 abroad.


    MORE INFORMATION:
    Market cap:
    $68.72B
    Website:
    https://www.bk.mufg.jp/global/

    Mitsubishi UFJ Financial Group, Inc. (photo: https://www.ledgerinsights.com/)
    Mitsubishi UFJ Financial Group, Inc. (photo: https://www.ledgerinsights.com/)
    Mitsubishi UFJ Financial Group, Inc. (photo: Shutterstock)
    Mitsubishi UFJ Financial Group, Inc. (photo: Shutterstock)
  10. Ping An Bank Co., Ltd. is a Chinese joint-stock commercial bank based in Shenzhen. It is largely operating in Mainland China, with a representative office in Hong Kong. The bank provides retail and business banking services, as well as investment banking. The bank, as a subsidiary of Ping An Insurance, is one of Ping An Group's three primary pillars: insurance, banking, and asset management.


    Ping An Bank has more than 38,600 employees and provides varied financial services to clients through 58 branches and 1,037 outlets around China. Ping An Bank has received awards such as "Best Joint Stock Bank of the Year," "Top 100 Listed Companies Most Respected by Investors," and "Best Bank in Supply Chain Financial Service" in recent years and many other honor awards.


    MORE INFORMATION:
    Market cap:
    $65.18B
    Website:
    https://bank.pingan.com/

    Ping An Bank (photo: https://www.caixinglobal.com/)
    Ping An Bank (photo: https://www.caixinglobal.com/)
    Ping An Bank (photo: CFP)
    Ping An Bank (photo: CFP)



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