Each year, the authoritative publication The banker makes a rating of the thousands of the largest banks in the world for various indicators: the value of assets, capital, profit, etc. The top ten of the current thousand most profitable banks is surprising in that it is headed by banks in China. In the Middle Kingdom, the profitability of the banking business today is much higher than in the United States and the Eurozone.
In our ten collected largest banks in the worldranked by profit before tax.
10. BNP Paribas (France, pre-tax profit - $ 12.5 billion)
The European leader in banking services was born in 2000 through the merger of retail bank BNP with investment Paribas. There are two banks from the BNP Paribas group in Russia: BNP Paribas CJSC for corporate clients and BNP Paribas Vostok LLC for retail clients.
9. Citigroup (USA, pre-tax profit - $ 14.7 billion)
One of the largest banking corporations in the world serves more than 200 million customers in 139 countries. The group is represented in Russia by ZAO CB 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)
Japan's largest bank owns 21% in Morgan Stanley, an American bank. In 2006, Mitsubishi UFJ received a license to work in Russia. Several scandals are connected with the holding's activities when the Japanese government charged the bank with loans to criminal organizations.
7. HSBC (UK, pre-tax profit of $ 21.8 billion)
The British holding is Europe's largest capitalization company. The bank has branches in 85 countries. HSBC representative in Russia is HSBC Bank (RR), which since 2011 has been serving exclusively corporate clients.
6. Wells Fargo (USA, pre-tax profit - $ 23.3 billion)
Wells Fargo financial brand has been around for more than 150 years and, despite the change of ownership, the name of the holding always remains unchanged. Today, Wells Fargo has more than 6 thousand branches, which serve 23 million customers.
5. Agricultural Bank of China (China, pre-tax profit - $ 25.1 billion)
The Agricultural Bank of China has branches not only throughout the Middle Kingdom, but also in Hong Kong and Singapore. Among the bank's customers, there are about 3 million corporate customers and more than 300 thousand retail customers.
4. JP Morgan Chase (USA, pre-tax profit - $ 26.75 billion)
The largest US bank is the absolute world leader in terms of investment and commercial banking services. In March 2013, information appeared in the press about how the bank’s management intentionally hides 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 majority stake is held by the Chinese government. The bank has representative offices in 25 countries. A subsidiary of Bank of China operates in Russia - it is ZAO AKB BANK OF CHINA (ELOS).
2. China Construction Bank (China, pre-tax profit of $ 34.8 billion)
Since 2013, the second largest asset and capital bank of China 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 engage in treasures.
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.
