The new arrivals table is geographically diverse, with lenders from 13 countries making up 15 new entrants in the Top 1000 World Banks ranking. Banks from Asia-Pacific hold sway, with six of the new arrivals hailing from the region.
However, EverBank from the US takes the top spot, with $3.75bn in Tier 1 capital and a global ranking of 383. No other US lender features in the new arrivals ranking this year, marking a significant change from the 2023 edition, where US banks led the charge.
China’s Zhejiang Xiaoshan Rural Commercial Bank takes second place, landing in 438th position in the global rankings thanks to its $3.14bn Tier 1 capital position. Two of its country peers, Luzhou Bank and Jiangsu Sushang Bank, enter at 674th and 866th, respectively.
Australian lender People First Bank, a customer-owned institution, enters the Top 1000 in 903rd place with Tier 1 capital of $788mn. The final two Asia-Pacific lenders in the table are Pakistan’s sharia-compliant Meezan Bank, which has a global rank of 983rd, and the Bank of Maldives, which places 996th overall.
Meanwhile, Capital Bank of Jordan is the only lender from the Middle East to feature among the new arrivals. Its Tier 1 capital of $780mn lands the bank at 907th place in the Top 1000, signalling a strong performance by an institution in one of the region’s smaller economies.
Capital Bank of Jordan’s position could rise further in the 2025 ranking as the bank proceeds with domestic and foreign acquisitions in the current financial year.
From Europe, UK digital challenger Starling Bank claims 872nd position overall, while Sweden’s SBAB Bank enters the ranking at 481st. Across the border, Finnish lender S Bank nabs 987th spot overall. Ecuador’s Banco Guayaquil rounds out the Top 1000 worlds banks in the last spot with $623mn in Tier 1 capital.
Russian banks have made their mark on the “welcome back” table, with the likes of Gazprombank and Sovcombank returning to the overall ranking in 179th and 524th place, respectively. Their absence from the previous year’s edition was linked to the unavailability of their financial data.
Several western European lenders also appear in the welcome back table, including two from Switzerland, one from Austria and one from Germany. The two Swiss banks, Nidwaldner Kantonalbank and Hypothekarbank Lenzburg, secure places 998th and 999th, respectively.
It comes as banks from the region have posted improved numbers across the Top 1000 World Banks ranking; operating conditions have boosted profitability, while capital positions and asset quality have remained robust, despite economic headwinds continuing to buffet some markets.
