China’s digital banks have rocketed up The Banker’s best-performing table, overtaking the mega state-owned lenders.
India’s private sector banks are enjoying a period of growth and climbing up The Banker’s Top 1000 World Banks ranking. Rekha Gupta Menon reports on how strategic M&A has enabled some banks to see strong expansion.
China’s largest state-owned banks have retained their places at the top of the Top 1000 ranking, despite the strength of the US dollar affecting their core capital levels.
A big shake-up occurred in the Canadian banking sector in 2022, with TD overtaking RBC as the biggest bank by Tier 1. However, it is BMO that comes up trumps in performance.
The majority of US banks in the Top 1000 ranking have boosted both core capital and total assets. However, profits dipped for more than half of the lenders.
Indonesia’s banks have a weaker showing in the 2023 Top 1000 World Banks ranking, following a stellar 2022.
Japan’s banks continue to struggle in the Top 1000 World Banks ranking, with all 82 banks except one seeing a decline in Tier 1 capital.
South Korea’s banks remain well capitalised, but economic issues have impacted Tier 1 capital growth.
Taiwan’s banks have been affected by the country’s weak economic growth, which has seen the largest banks slip down the rankings.
Commerzbank and Deutsche Bank move up the best performing rankings as restructuring efforts bear fruit.
Italy’s largest lenders moved up in this year’s best-performing bank table, while last year’s top performers saw their fortunes wane.
Poland’s largest bank, PKO Bank Polski, is deposed from the top spot in this year’s overall best-performing table.
BBVA, Kutxabank and Banco de Sabadell are the three top performers in Spain this year, with the latter increasing its pre-tax profits by more than 87%.
BNP Paribas is crowned France's best-performing bank for 2023, but pre-tax profits for most French banks are hit by characteristics unique to the French retail market.
Following record profitability for Turkish banks in 2022, Akbank is Turkey’s best-performing bank in this year’s rankings.
Al Rajhi Bank’s growth sees it top Saudi Arabia’s performance tables, even as SNB remains the country’s largest lender.
The country’s big four all reported positive results for 2022, in spite of gathering economic storm clouds.
UBA is the only Nigerian lender in this year’s Top 1000 World Banks ranking to record a rise in Tier 1 capital and profits.
The state-owned bank saw a 70% surge in pre-tax profits in 2022. More generally, Brazilian banks have benefited from a strong export performance and rising interest rates.
Major UK banks fall down the performance table, while building societies improve their positions.