BIGGEST EMERGING MARKET BANKS 2009
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Global Finance Ranks the 200 Biggest Emerging Market Banks.


 

NEW YORK, October 15, 2009 — As the world’s key emerging markets continue to drive the global economy out of recession, Global Finance unveils its second annual Global Finance 200, the definitive list of the biggest banks in the emerging markets. The full list and supporting data will be published in the December issue and on the magazine’s website, gfmag.com. This year’s results show that, a year after the storm broke that many believed would send the emerging markets into a tailspin, the leading banks of the developing world are proving bigger, stronger and more resilient than ever.

 

“This year’s Global Finance 200 shows once again that big economies need and produce big banks”, said Joseph Giarraputo, publisher and editorial director. “Of the twenty biggest banks, ten are Chinese, four are Brazilian, three are South Korean and two are Russian.”

 

Global Finance assembled the list with the help of Bankersalmanac.com. The basis of all the rankings is the size of total assets, i.e., the balance sheet total, as of the end of 2008. All figures have been converted into US dollars at the rate applicable at the date of that balance sheet. Great care has been taken to ensure the information’s accuracy, but Bankersalmanac.com can accept no responsibility for any losses or damages arising from any errors or omissions. These bank rankings are based on and compiled from balance sheet information held by Bankersalmanac.com on October 8, 2009, and additional research by Global Finance.

 

For editorial information please contact: Dan Keeler, Editor, email: dan@gfmag.com

 

 

 

Global Finance ranks the 200 Biggest Emering Market Banks

Rank

Bank Name & Country
1
Industrial & Commercial Bank of China - China
2
China Construction Bank - China
3
Agricultural Bank of China - China
4
Bank of China - China
5
Bank of Communications* - China
6
Banco Itaú - Brazil
7
China Merchants Bank* - China
8
Sberbank - Russia
9
Banco do Brasil - Brazil
10
Kookmin Bank - South Korea
11
Banco Bradesco - Brazil
12
State Bank of India - India
13
China Citic Bank Corporation* - China
14
Woori Bank - South Korea
15
Shinhan Bank - South Korea
16
China Minsheng Banking Corporation - China
17
Industrial Bank - China
18
Caixa Econômica Federal - Brazil
19
VTB Bank - Russia
20
Shanghai Pudong Development Bank - China
21
Korea Development Bank* - South Korea
22
Hana Bank - South Korea
23
China Everbright Bank - China
24
Bank of Taiwan - Taiwan
25
Hua Xia Bank Co* - China
26
The Standard Bank of South Africa - South Africa
27
Banco Santander - Brazil
28
BBVA Bancomer - Mexico
29
Guangdong Development Bank - China
30
Unibanco - Brazil
31
Absa Bank - South Africa
32
Korea Exchange Bank - South Korea
33
Emirates NBD - UAE
34
Taiwan Cooperative Bank - Taiwan
35
ICICI Bank Limited - India
36
FirstRand Bank - South Africa
37
Shenzhen Development Bank - China
38
Malayan Banking - Malaysia
39
Gazprombank - Russia
40
Mega International Commercial Bank - Taiwan
41
Land Bank of Taiwan - Taiwan
42
Bank of Beijing - China
43
Standard Chartered First Bank Korea* - South Korea
44
The National Commercial Bank** - Saudi Arabia
45
Nedbank Limited - South Africa
46
Bank Melli Iran** - Iran
47
Banco Itaú BBA - Brazil
48
Banamex - Mexico
49
Bank of Shanghai - China
50
First Commercial Bank - Taiwan
51
Hua Nan Commercial Bank* - Taiwan
52
Banco Santander (Mexico) - Mexico
53
OTP Bank - Hungary
54
Punjab National Bank - India
55
HSBC Bank Brasil—Banco Multiplo - Brazil
56
Public Bank - Malaysia
57
Bangkok Bank Public - Thailand
58
Samba Financial Group** - Saudi Arabia
59
Citibank Korea - South Korea
60
Bank of Baroda - India
61
Chinatrust Commercial Bank* - Taiwan
62
Arab Bank - Jordan
63
National Bank of Abu Dhabi - UAE
64
Bank of India - India
65
Ceska Sporitelna - Czech Republic
66
Bank Polska Kasa Opieki - Poland
67
Al Rajhi Bank - Saudi Arabia
68
PKO Bank Polski Spolka Akcyjna - Poland
69
Canara Bank - India
70
National Bank of Kuwait - Kuwait
71
Bank Saderat Iran - Iran
72
CSOB - Czech Republic
73
Bank Mellat - Iran
74
Chang Hwa Commercial Bank* - Taiwan
75
Riyad Bank - Saudi Arabia
76
CIMB Bank* - Malaysia
77
Banco Mercantil del Norte - Mexico
78
Qatar National Bank - Qatar
79
Cathay United Bank - Taiwan
80
Abu Dhabi Commercial Bank - UAE
81
Krung Thai Bank Public* - Thailand
82
Kuwait Finance House* - Kuwait
83
Kasikornbank* - Thailand
84
Taipei Fubon Commercial Bank - Taiwan
85
National Bank of Egypt - Egypt
86
Banco Votorantim - Brazil
87
Komercní banka - Czech Republic
88
Taiwan Business Bank - Taiwan
89
The Siam Commercial Bank - Thailand
90
Swedbank - Estonia
91
The Saudi British Bank - Saudi Arabia
92
IDBI Bank Limited - India
93
Bank of Jiangsu - China
94
Banque Saudi Fransi - Saudi Arabia
95
HDFC Bank Ltd - India
96
Banco Santander Chile - Chile
97
Bank Mandiri* - Indonesia
98
Bank Tejarat - Iran
99
Arab National Bank - Saudi Arabia
100
Union Bank of India - India
101
Banque Extérieure d’Algérie - Algeria
102
HSBC Mexico - Mexico
103
Central Bank of India - India
104
RHB Bank** - Malaysia
105
Bank SinoPac - Taiwan
106
Axis Bank Ltd - India
107
First Gulf Bank - UAE
108
Banco Finasa - Brazil
109
Banco de Chile - Chile
110
Banque Misr* - Egypt
111
Bank of Moscow - Russia
112
The Export-Import Bank of Korea - South Korea
113
Alfa-Bank - Russia
114
Syndicate Bank - India
115
Banco Safra - Brazil
116
Nova Ljubljanska banka - Slovenia
117
Taishin International Bank* - Taiwan
118
Bank Central Asia* - Indonesia
119
Indian Overseas Bank - India
120
Shanghai Rural Commercial Bank - China
121
MashreqBank - UAE
122
E.Sun Commercial Bank - Taiwan
123
Beijing Rural Commercial Bank - China
124
Russian Agricultural Bank - Russia
125
Banco del Estado de Chile* - Chile
126
BRE Bank - Poland
127
Banca Comerciala Romana - Romania
128
ING Bank Slaski - Poland
129
Bank Sepah - Iran
130
Dubai Islamic Bank - UAE
131
Daegu Bank* - South Korea
132
Oriental Bank of Commerce - India
133
Banque Centrale Populaire - Morocco
134
Bank Rakyat Indonesia - Indonesia
135
UCO Bank - India
136
Evergrowing Bank - China
137
Bank of Ayudhya - Thailand
138
Attijariwafa bank - Morocco
139
Kazkommertsbank - Kazakhstan
140
Hong Leong Bank - Malaysia
141
Ping An Bank - China
142
Busan Bank - South Korea
143
ZAO Raiffeisenbank - Russia
144
Banco de la Nación Argentina - Argentina
145
Bank Audi sal—Audi Saradar Group* - Lebanon
146
Bank VTB 24 - Russia
147
ZAO UniCredit Bank - Russia
148
Vietnam Bank for Agriculture and Rural Development - Vietnam
149
Banco de Crédito e Inversiones - Chile
150
Allahabad Bank - India
151
Standard Chartered Bank (Taiwan)* - Taiwan
152
The Shanghai Commercial & Savings Bank - Taiwan
153
Bank Maskan - Iran
154
Huishang Bank - China
155
Investec Bank - South Africa
156
Bank Negara Indonesia - Indonesia
157
Bank Zachodni - Poland
158
Bank Keshavarzi - Iran
159
BTA Bank - Kazakhstan
160
Gulf Bank - Kuwait
161
BLOM BANK - Lebanon
162
Parsian Bank - Iran
163
Union National Bank - UAE
164
Banco de Crédito del Perú - Peru
165
Indian Bank - India
166
Bancolombia - Colombia
167
Slovenska sporitelna - Slovakia
168
BRD-Groupe Société Générale - Romania
169
Banesco Banco Universal - Venezuela
170
TMB Bank - Thailand
171
Rosbank - Russia
172
Zagrebacka banka - Croatia
173
Banco de Oro Unibank* - Philippines
174
The Commercial Bank of Qatar - Qatar
175
Corporation Bank - India
176
K&H Bank - Hungary
177
Saudi Hollandi Bank* - Saudi Arabia
178
Commercial Bank of Syria - Syria
179
Metropolitan Bank and Trust Company - Philippines
180
CIB Bank - Hungary
181
Commercial Bank of Kuwait* - Kuwait
182
Vseobecna uverova banka - Slovakia
183
Bank Millennium - Poland
184
OJSC Promsvyazbank - Russia
185
BankMuscat* - Oman
186
State Bank of Hyderabad - India
187
BANK URALSIB - Russia
188
MKB Bank - Hungary
189
State Bank of Patiala - India
190
Tatra Bank - Slovakia
191
Bank of Hangzhou - China
192
UniCredit Bank Czech Republic - Czech Republic
193
National Bank of Bahrain - Bahrain
194
HSBC Bank Malaysia - Malaysia
195
The Saudi Investment Bank* - Saudi Arabia
196
Zenith Bank - Nigeria
197
Andhra Bank - India
198
Burgan Bank - Kuwait
199
Bank of the Philippine Islands* - Philippines
200
Mercantil CA Banco Universal - Venezuela

 

Source: BankersAlmanac.com, except * Source: bank annual report, ** Source: bank data