Chinese lenders retain dominance in global Top 1,000 bank list

China’s state-owned banks have maintained their dominance in the world’s top 1,000 banks, according to an annual ranking compiled by a magazine backed by the Financial Times.

The Banker magazine placed Industrial and Commercial Bank of China (1398), China Construction Bank (0939), Agricultural Bank of China (1288), and Bank of China (3988) in the top four spots globally.

Meanwhile, China Merchants Bank (3968) stood out among its domestic peers, with Tier 1 capital rising 11.3 percent year-on-year, the fastest growth among the world’s top 30 banks. The lender moved up from 10th to 8th place, swapping positions with US-based Wells Fargo.

“The major Chinese banks continue to dominate The Banker’s Top 1000 World Banks ranking in terms of scale,” said Silvia Pavoni, editor-in-chief of the magazine. “As the domestic economy faces headwinds and geopolitical risks rise, their strength remains a key consideration for policymakers.”

STAFF REPORTER