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DERGININ regularly announces each year the "largest bank of 1000" among the top four Chinese banks. The largest bank in the world was the Industrial and Commercial Bank of China (ICBC) with $ 324 billion in capital (Tier 1) and China Construction Bank in second place with $ 272 billion in capital.
The Bank of China ranks third with $ 224 billion in capital, while the Agricultural Bank of China ranks fourth with $ 218 billion in capital. JP Morgan Chase is in fifth place with $ 209 billion in capital and Bank of America in sixth place with $ 191 billion in capital.
Wells Fargo ranks seventh with $ 178 billion, Citigroup ranks eighth with $ 165 billion. Mitsubishi UFJ Bank of Japan ranks ninth with $ 153 billion of capital. The HSBC Bank
HSBC was the tenth with 151 billion capital. Banker's statement said that the situation of European banks was starting to improve and that European banks had increased their share of the pie in the global banking profitability from 13% to 20%.
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It is reported that for the first time this year, the world's four largest banks are Chinese banks, Chinese banks have a third of bank profitability World.
With $ 324 billion in capital, the China Industrial and Commercial Bank (ICBC), the world's largest bank, increased its total capital by $ 43 billion, bringing the total capital of Chinese banks to 20% (337 billions of dollars).
Banker Brian Caplen's chief editor evaluates the magazine's rankings:
"Finally, we see an improvement in European banks at the end of a troubled employee, Greece and Portugal have fewer losses in their banks and more in the Netherlands, Spain and England. and the profitability gap between Chinese banks and US banks is starting to open, and in India, it is a terrible year for banks because the central bank of the country is in danger. India wants the banks to make up their balance. "
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