Biggest Emerging Markets Banks 2013

ANNUAL REPORT: BIG IS BETTER

 

By Andrew Cunningham

 

Global Finance presents its annual listing of the biggest Banks in the Emerging Markets.

 

Ten of the biggest 11 emerging markets banks as ranked by asset size are Chinese, and a total of 19 Chinese banks claim a place in our ranking of the biggest 50 emerging markets banks worldwide. These 19 banks show assets of $15.7 billion, accounting for roughly 70% of the combined assets of the biggest 50 emerging markets banks.

 

The largest 50 emerging markets banks showed combined assets of approximately $22.3 billion. Only Banco do Brasil, the 7th-biggest emerging markets bank, is able to challenge the dominance of Chinese banks when ranked by size. Brazil contributes five other banks to the biggest 50, accounting for 11% of combined total assets. Korea contributes eight banks to the biggest 50, but they are smaller—the eight account for only 7% of the combined assets of the top 50. Russia contributes four banks and 4% of the total assets.

 

Twelve countries contribute to the listing of the largest 50 banks in emerging markets, in contrast to only 10 that contribute to the list of safest banks. India, Malaysia, Mexico and Turkey contribute seven banks between them to the rankings of biggest banks, although their banks fall far short of qualifying for inclusion in the rankings of global safest banks.

 

WORLD’S BIGGEST EMERGING MARKETS BANKS BY ASSETS
Rank Bank Name Country Total Assets ($mn)
1 Industrial and Commercial Bank of China China 2,789,090
2 China Construction Bank China 2,221,582
3 Agricultural Bank of China China 2,105,758
4 Bank of China China 2,016,129
5 China Development Bank China 1,195,563
6 Bank of Communications China 838,430
7 Banco do Brasil Brazil 563,163
8 China Merchants Bank China 541,883
9 Industrial Bank China 516,882
10 China MinSheng Bank China 510,686
11 Shanghai Pudong Development Bank China 500,145
12 Sberbank Russia 497,067
13 Itaú Unibanco Brazil 496,561
14 China Citic Bank China 470,610
15 Banco Bradesco Brazil 430,316
16 Agricultural Development Bank of China China 364,584
17 China Everbright Bank China 362,392
18 State Bank of India India 357,720
19 BNDES Brazil 350,230
20 Caixa Brazil *343,294
21 Ping An Bank China 255,428
22 Export-Import Bank of China China 247,859
23 VTB Bank Russia 244,155
24 KB Kookmin Bank South Korea 240,737
25 Hua Xia Bank China 236,726
26 Woori Bank South Korea 230,930
27 Banco Santander Brasil Brazil 219,770
28 Shinhan Bank South Korea 218,652
29 China Guangfa Bank China 185,728
30 Industrial Bank of Korea South Korea 184,693
31 NongHyup Bank South Korea 182,065
32 Bank of Beijing China 178,067
33 Hana Bank South Korea **161,109
34 Maybank Malaysia **159,034
35 Korea Development Bank South Korea 154,600
36 Bank of Taiwan Taiwan *139,628
37 Bank of Shanghai China **129,336
38 Standard Bank of South Africa South Africa 115,161
39 Türkiye İş Bankası Turkey 112,843
40 Garanti Bank Turkey 100,892
41 Qatar National Bank Qatar 100,784
42 Taiwan Cooperative Bank Taiwan 98,463
43 Korea Exchange Bank South Korea 97,137
44 BBVA Bancomer Mexico 97,132
45 Vnesheconombank Russia 96,108
46 Taishin Financial Holding Taiwan 93,820
47 ICICI Bank India 92,589
48 National Commercial Bank Saudi Arabia 92,085
49 Gazprombank Russia 92,085
50 Akbank Turkey 91,744

Source for reporting assets: Fitch Solutions, except *Moody’s Investors Service, **Bank’s annual report

 

 

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