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50 BIGGEST BANKS IN EMERGING MARKETS 2011
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Global Finance ranks the 50 Biggest Banks in Emerging Markets

 

NEW YORK, November 7, 2011—Global Finance reveals its fourth annual ranking of the World’s Biggest Banks in Emerging Markets, as measured by total assets.

 

China’s banks are continuing to move up the league tables. The country has six banks among the top 50 in emerging markets. Moreover, the BRIC countries dominate the top 20, with 17 banks. Government-owned banks lead the market by size in the BRIC countries—accounting for 50% of total banking sector assets in China, 40% in Brazil and Russia and reaching 70% in India.

 

Joseph D. Giarraputo, publisher of Global Finance, says: “As the developed world looks to emerging markets to help provide global economic stability, these banks are leading the way—providing not only their strong balance sheets, but also increasingly sophisticated products and services to clients that are the engines of growth, both regionally and globally.”

 

For editorial information please contact: Andrea Fiano, Editor, email: afiano@gfmag.com

 

50 Biggest Banks in Emerging Markets 2011
RankBank
Country
Total Assets ($m)Statement Date
1Industrial & Commercial Bank of ChinaChina2,032,13412/31/10
2
China Construction Bank CorporationChina1,632,26312/31/10
3
Bank of ChinaChina1,579,34812/31/10
4
Agricultural Bank of ChinaChina1,568,72212/31/10
5
China Development BankChina771,72912/31/10
6
Bank of CommunicationsChina596,65612/31/10
7
Banco do BrasilBrazil481,179
12/31/10
8
Itaú UnibancoBrazil447,925
12/31/10
9
Banco Bradesco BrazilBrazil378,150
12/31/10
10
China Merchants BankChina362,758
12/31/10
11
China CITIC BankChina314,260
12/31/10
12
SberbankRussia283,117
12/31/10
13
China Minsheng Banking CorporationChina275,368
12/31/10
14
State Bank of India*India274,411
12/31/10
15
Caixa Economica FederalBrazil237,640
12/31/10
16
Banco Santander-BrasilBrazil229,690
12/31/10
17
Kookmin Bank
South Korea224,989
12/31/10
18
China Everbright Bank
China224,064
12/31/10
19
Woori Bank
South Korea199,116
12/31/10
20
Shinhan BankSouth Korea185,740
12/31/10
21
National Agricultural Cooperative Federation*South Korea164,467
12/31/10
22
Hua Xia BankChina157,081
12/31/10
23
Korea Finance CorporationSouth Korea157,053
12/31/10
24
Industrial Bank of Korea*South Korea150,229
12/31/10
25
JSC VTB BankRussia140,792
12/31/10
26
Bank of Taiwan*Taiwan134,283
12/31/10
27
Standard BankSouth Africa126,730
12/31/10
28
Hana BankSouth Korea125,710
12/31/10
29
China Guangfa Bank*China123,585
12/31/10
30
Malayan Banking BerhadMalaysia104,000
12/31/10
31
Bank of BeijingChina110,708
12/31/10
32
Absa BankSouth Africa102,679
12/31/10
33
Türkiye BankasıTurkey97,846
12/31/10
34
Taiwan Cooperative BankTaiwan91,887
12/31/10
35
ICICI Bank*India91,094
12/31/10
36
Garanti BankTurkey88,746
12/31/10
37
Korea Exchange BankSouth Korea87,248
12/31/10
38
NedbankSouth Africa86,931
12/31/10
39
Punjab National BankIndia86,514
12/31/10
40
Taishin Financial HoldingTaiwan84,763
12/31/10
41
T.C. Ziraat BankasiTurkey83,547
12/31/10
42
Bank of BarodaIndia82,019
12/31/10
43
Bank of India*India78,747
12/31/10
44
Emirates NBDUAE77,935
12/31/10
45
AkbankTurkey77,902
12/31/10
46
FirstRand BankSouth Africa75,992
12/31/10
47
Canara BankIndia75,991
12/31/10
48
National Commercial BankSaudi Arabia75,299
12/31/10
47
CIMB BerhadMalaysia
68,723
12/31/10
48
Mega International Commercial BankTaiwan
68,624
12/31/10
49
VnesheconombankRussia
67,050
12/31/10
50
Land Bank of Taiwan*Taiwan
74,335
12/31/10

Source for Assets: Fitch Solutions, except * Moody’s Investors Service

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