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50 BIGGEST BANKS IN EMERGING MARKETS 2011

Author: Andrea Fiano

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
Rank Bank Country Total Assets ($m) Statement Date
1 Industrial & Commercial Bank of China China 2,032,134 12/31/10
2 China Construction Bank Corporation China 1,632,263 12/31/10
3 Bank of China China 1,579,348 12/31/10
4 Agricultural Bank of China China 1,568,722 12/31/10
5 China Development Bank China 771,729 12/31/10
6 Bank of Communications China 596,656 12/31/10
7 Banco do Brasil Brazil 481,179 12/31/10
8 Itaú Unibanco Brazil 447,925 12/31/10
9 Banco Bradesco Brazil Brazil 378,150 12/31/10
10 China Merchants Bank China 362,758 12/31/10
11 China CITIC Bank China 314,260 12/31/10
12 Sberbank Russia 283,117 12/31/10
13 China Minsheng Banking Corporation China 275,368 12/31/10
14 State Bank of India* India 274,411 12/31/10
15 Caixa Economica Federal Brazil 237,640 12/31/10
16 Banco Santander-Brasil Brazil 229,690 12/31/10
17 Kookmin Bank South Korea 224,989 12/31/10
18 China Everbright Bank China 224,064 12/31/10
19 Woori Bank South Korea 199,116 12/31/10
20 Shinhan Bank South Korea 185,740 12/31/10
21 National Agricultural Cooperative Federation* South Korea 164,467 12/31/10
22 Hua Xia Bank China 157,081 12/31/10
23 Korea Finance Corporation South Korea 157,053 12/31/10
24 Industrial Bank of Korea* South Korea 150,229 12/31/10
25 JSC VTB Bank Russia 140,792 12/31/10
26 Bank of Taiwan* Taiwan 134,283 12/31/10
27 Standard Bank South Africa 126,730 12/31/10
28 Hana Bank South Korea 125,710 12/31/10
29 China Guangfa Bank* China 123,585 12/31/10
30 Malayan Banking Berhad Malaysia 104,000 12/31/10
31 Bank of Beijing China 110,708 12/31/10
32 Absa Bank South Africa 102,679 12/31/10
33 Türkiye Bankası Turkey 97,846 12/31/10
34 Taiwan Cooperative Bank Taiwan 91,887 12/31/10
35 ICICI Bank* India 91,094 12/31/10
36 Garanti Bank Turkey 88,746 12/31/10
37 Korea Exchange Bank South Korea 87,248 12/31/10
38 Nedbank South Africa 86,931 12/31/10
39 Punjab National Bank India 86,514 12/31/10
40 Taishin Financial Holding Taiwan 84,763 12/31/10
41 T.C. Ziraat Bankasi Turkey 83,547 12/31/10
42 Bank of Baroda India 82,019 12/31/10
43 Bank of India* India 78,747 12/31/10
44 Emirates NBD UAE 77,935 12/31/10
45 Akbank Turkey 77,902 12/31/10
46 FirstRand Bank South Africa 75,992 12/31/10
47 Canara Bank India 75,991 12/31/10
48 National Commercial Bank Saudi Arabia 75,299 12/31/10
47 CIMB Berhad Malaysia 68,723 12/31/10
48 Mega International Commercial Bank Taiwan 68,624 12/31/10
49 Vnesheconombank Russia 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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