Every year the authoritative edition of The banker compiles a rating of the thousand of the largest banks in the world according to various indicators: assets, capital, profits, etc. The leading ten of the current thousand of the most profitable banks is surprising in that it is led by the banks of China. In the Middle Kingdom, the profitability of the banking business today is much higher than in the United States and the Eurozone.
Our ten contains the largest banks in the worldranked by profit before tax.
10. BNP Paribas (France, pre-tax profit - $ 12.5 billion)
The European leader in banking was born in 2000 through the merger of retail bank BNP with investment bank Paribas. Two banks from the BNP Paribas group operate in Russia: CJSC BNP Paribas for corporate clients and LLC BNP Paribas Vostok for retail clients.
9. Citigroup (USA, pre-tax profit - $ 14.7 billion)
One of the largest banking corporations in the world serves over 200 million clients in 139 countries. The group is represented in Russia by ZAO Citibank. Citigroup took part in the IPO of large Russian companies: Rosneft, Severstal and VTB as an underwriter, organizer and coordinator.
8. Mitsubishi UFJ (Japan, pre-tax profit - $ 17.6 billion)
The largest bank in Japan owns 21% of the American bank Morgan Stanley. In 2006 Mitsubishi UFJ received a license to operate in Russia. Several scandals are associated with the activities of the holding, when the Japanese government brought charges against the bank for issuing loans to criminal organizations.
7. HSBC (UK, pre-tax profit - $ 21.8 billion)
The British holding is the largest company in Europe in terms of capitalization. The bank has branches in 85 countries of the world. HSBC's representative in Russia is HSBC Bank (RR), which has been serving exclusively corporate clients since 2011.
6. Wells Fargo (USA, pre-tax profit - $ 23.3 billion)
The Wells Fargo financial brand is over 150 years old and, despite the change of ownership, the holding's name has always remained the same. Wells Fargo today has over 6,000 branches serving 23 million customers.
5. Agricultural Bank of China (China, pre-tax profit - $ 25.1 billion)
Agricultural Bank of China has branches not only throughout the Middle Kingdom, but also in Hong Kong and Singapore. The bank's clients include about 3 million corporate clients and over 300 thousand retail clients.
4. JP Morgan Chase (USA, pre-tax profit - $ 26.75 billion)
The largest US bank is the absolute world leader in the volume of investment and commercial banking services. In March 2013, information was leaked to the press about how the bank's management deliberately concealed significant losses incurred from investment operations in Europe.
3. Bank of China (China, pre-tax profit - $ 26.76 billion)
The oldest bank in China was founded in 1912. The controlling stake belongs to the Chinese government. The bank has representative offices in 25 countries of the world. A subsidiary of the Bank of China operates in Russia - it is CJSC JSCB BANK OF CHINA (ELOS).
2. China Construction Bank (China, pre-tax profit - $ 34.8 billion)
Since 2013, the second largest bank of China in terms of assets and capital has been represented in Russia through China Construction Bank LLC, which in March received a license to carry out ruble and foreign exchange transactions, as well as to attract deposits.
1. Industrial & Commercial Bank of China (China, pre-tax profit - $ 43.2 billion)
Industrial and Commercial Bank of China - world's largest bank in terms of profit and capitalization. ICBC is the largest company in the Asia-Pacific region. The main shareholder is the state, which owns 70.7% of the shares.