Asian 100: Getting tougher at the top

Our annual ranking of the biggest banks in Asia outside Japan shows little change among the top 10. But further down the list, banks in countries such as Korea and Thailand have suffered sharp falls. Fitch IBCA supplied the data for the Asian 100 and the Japan 50.

Asia 100: Methodology

Asian 100 Rank Location Fiscal period Shareholder equity ($m) Equity growth (%) Total assets ($m) Asset growth (%) Net income ($m) Income growth ROAE (%)

98 97 Bank

1 1 HongkongBank

Hong Kong

1997

14,347

7.54

190,479

13.96

3,024

3.7

21.9

2

2

Industrial & Commercial Bank of China

China

1997

11,698

2.87

489,012

11.55

247

-64.8

2.1

3

3

Bank of China

China

1997

11,246

12.5

305,638

5.6

1,128

5.5

10.6

4

4

National Australia Bank

Australia

1997

9,056

0.5

131,266

16.58

1,599

5.6

17.7

5

8

China Construction Bank

China

1997

5,988

9.02

203,116

6.7

227

-61.1

4.0

6

5

Westpac Banking

Australia

1997

5,907

3.99

77,538

-2.35

931

13.9

16.1

7

6

Bank of Taiwan

Taiwan

1997

5,390

5.81

54,122

7.05

389

14.1

7.4

8

7

Commonwealth Bank of Australia

Australia

1997

5,236

-4.66

82,921

12.09

820

-3.6

15.3

9

10

Australia & New Zealand Banking Group

Australia

1997

5,034

10.37

89,400

9.34

743

-8.3

15.5

10

9

Agricultural Bank of China

China

1997

4,802

-5.69

190,095

7.29

64

-75.0

1.3

11

11

DBS Bank

Singapore

1997

4,325

4.31

38,885

16.89

260

-34.9

6.2

12

12

Oversea-Chinese Banking (OCBC)

Singapore

1997

3,852

5.68

34,272

11.45

350

-17.8

9.3

13

20

Malayan Banking (Maybank)

Malaysia

1997

3,357

40.85

43,741

17.23

544

22.5

19.0

14

14

United Overseas Bank (UOB)

Singapore

1997

3,335

8.03

29,461

7.76

306

-30.6

9.5

15

17

Bank of Communications

China

1997

2,824

8.1

54,319

13.04

344

-21.4

12.7

16

15

Korea Development Bank

Korea

1997

2,646

31.04

58,965

48.14

-108

-167.1

-4.6

17

45

St George Bank

Australia

1997

2,605

148.39

32,328

133.36

164

42.8

9.0

18

22

Overseas Union Bank (OUB)

Singapore

1997

2,473

26.27

23,226

15.98

158

-17.2

7.1

19

25

State Bank of India

India

1997

2,432

20.45

45,487

14.83

471

37.9

21.2

20

26

Land Bank of Taiwan

Taiwan

1997

2,295

7.06

42,215

4.17

233

0.1

10.5

21

13

Bangkok Bank

Thailand

1997

2,197

-3.76

29,904

22.33

89

-79.8

4.0

22

16

Korea Exchange Bank

Korea

1997

1,714

-1.19

46,236

23.87

-38

-136.6

-2.2

23

31

Bank of East Asia

Hong Kong

1997

1,713

13.52

17,247

18.17

269

10.8

16.7

24

34

Hua Nan Commercial Bank

Taiwan

1997

1,628

10.58

32,612

2.8

231

29.1

14.9

25

33

First Commercial Bank

Taiwan

1997

1,627

9.87

33,957

4.6

212

4.8

13.7

26

29

Kookmin Bank

Korea

1997

1,504

36.04

39,654

17.25

85

-38.2

6.5

27

37

Chang Hwa Commercial Bank

Taiwan

1997

1,463

9.83

30,880

5.03

191

12.0

13.7

28

38

Taiwan Cooperative Bank

Taiwan

1997

1,460

14.71

55,351

1.08

200

-18.6

14.7

29

42

Dao Heng Bank

Hong Kong

1997

1,365

14.73

16,198

21.26

272

39.2

21.3

30

24

Shinhan Bank

Korea

1997

1,336

-0.19

28,569

20.62

33

-67.8

2.5

31

18

Hanil Bank

Korea

1997

1,327

-13.46

36,750

14.73

-189

-474.9

-13.2

32

35

Post Bank of Singapore (POSBank)

Singapore

1997

1,325

7.81

16,887

3.88

99

20.4

7.8

33

­

Suncorp-Metway Bank

Australia

1997

1,294

329.81

14,828

180.32

112

259.7

14.0

34

50

Bank Bumiputra Malaysia

Malaysia

1996

1,293

16.55

22,071

20.06

184

-8.5

15.3

35

63

Taipeibank

Taiwan

1997

1,286

53.74

17,265

3.35

110

16.3

10.3

36

47

Taiwan Business Bank

Taiwan

1997

1,254

13.83

27,126

7.66

144

10.9

12.3

37

21

Cho Hung Bank

Korea

1997

1,242

-12.31

36,654

11.53

-206

-356.2

-15.5

38

19

Thai Farmers Bank

Thailand

1997

1,202

-8.56

16,786

23.21

17

-93.3

1.4

39

56

Nanyang Commercial Bank

Hong Kong

1997

1,142

13.17

10,244

8.28

195

15.5

18.1

40

44

International Commercial Bank of China

Taiwan

1997

1,129

14.23

18,159

8.16

163

15.9

15.4

41

27

Commercial Bank of Korea

Korea

1997

1,093

-9.53

31,600

11.73

-107

-228.4

-9.3

42

58

Chiao Tung Bank

Taiwan

1997

1,077

13.52

16,099

1.18

128

23.5

12.7

43

48

Chinatrust Commercial Bank

Taiwan

1997

1,056

13.77

16,525

31.34

151

66.3

15.2

44

46

Metropolitan Bank & Trust

Philippines

1997

1,011

30.34

6,835

22.06

135

3.2

15.1

45

39

Public Bank

Malaysia

1997

991

20.8

10,777

15.89

103

-28.1

11.4

46

61

Shanghai Commercial & Savings Bank

China

1997

986

33.36

7,817

26.64

162

10.3

18.8

47

28

Krung Thai Bank

Thailand

1997

969

-9.62

16,480

10.37

4

-98.0

0.4

48

­

Sime Bank

Malaysia

1997

964

147.25

11,074

64.27

157

242.5

23.2

49

62

Kincheng Banking

China

1997

943

17.69

8,372

-8.08

142

28.1

16.3

50

51

Keppel Bank of Singapore

Singapore

1997

929

3.32

7,696

19.12

48

-19.9

5.3

51

32

Korea Long Term Credit Bank

Korea

1997

921

2.29

17,560

30.68

-33

-149.6

-3.7

52

41

Housing & Commercial Bank

Korea

1997

919

22.88

26,964

25.75

74

11.7

8.9

53

69

Po Sang Bank

Hong Kong

1997

912

16.85

5,798

-4.36

137

15.1

16.2

54

66

Shanghai Commercial Bank

China

1997

891

10.58

6,684

7.93

122

10.5

14.4

55

30

Siam Commercial Bank

Thailand

1997

883

9.68

15,120

32.67

68

-64.6

8.0

56

92

Colonial State Bank/State Bank of NSW

Australia

1997

880

92.15

11,608

6.69

114

129.9

17.1

57

­

China Merchants Bank

China

1997

876

22.57

14,378

28.6

235

18.5

29.5

58

64

Kwangtung Provincial Bank

China

1997

869

12.44

9,764

-2

96

-4.8

11.7

59

81

CITIC Industrial Bank

China

1997

841

26.61

15,196

15.78

166

28.9

22.0

60

65

Farmers Bank of China

Taiwan

1997

839

3.76

16,136

5.91

61

30.2

7.4

61

54

AMMB Holdings

Malaysia

1997

766

10.2

12,350

3.54

29

-84.5

3.9

62

72

Bank Rakyat Indonesia

Indonesia

1996

760

10.35

14,440

20.46

101

36.8

14.0

63

79

Wing Lung Bank

Hong Kong

1997

742

9.96

6,377

5.4

121

9.0

17.1

64

74

Bank Central Asia

Indonesia

1996

734

11.93

15,148

35.58

75

47.0

10.8

65

40

Bank Negara Indonesia (Bank BNI)

Indonesia

1997

697

12.76

12,296

63.91

68

-6.3

10.4

66

90

Liu Chong Hing Bank

Hong Kong

1997

685

17.66

4,123

17.07

79

10.2

12.5

67

96

Bank of Baroda

India

1997

674

33.99

11,606

21.79

116

65.9

19.7

68

­

Everbright Bank of China

China

1997

674

19.96

7,358

29.47

133

56.8

21.5

69

98

Hua Chiao Commercial Bank

Hong Kong

1997

649

20.32

5,561

14.07

116

17.0

19.5

70

89

National Commercial Bank

China

1997

641

15.71

6,502

16.34

87

17.9

14.6

71

83

Bank Ekspor Impor Indonesia (BankExim)

Indonesia

1996

636

19.06

10,827

17.14

82

40.1

14.0

72

­

International Bank of Taipei

Taiwan

1997

620

17.72

7,613

5.6

93

9.8

16.3

73

67

Bank of the Philippine Islands

Philippines

1997

619

18.15

5,109

16.56

114

13.6

20.0

74

85

Taichung Business Bank

Taiwan

1997

618

16.12

7,028

5.98

86

15.4

14.9

75

86

RHB Bank

Malaysia

1996

615

15.39

9,650

29.57

104

24.5

18.1

76

­

Bank of India

India

1997

586

19.4

11,731

22.12

92

1.3

17.1

77

75

(PCI Bank)

Philippines

1997

577

20.24

3,612

15.23

92

20.9

17.5

78

70

Daegu Bank

Korea

1997

571

23.57

10,262

9.1

13

-71.5

2.5

79

93

Canara Bank

India

1996

570

6.1

9,930

14.58

41

-41.6

7.4

80

43

Bank of Ayudhya

Thailand

1997

555

-12.96

10,354

19.06

42

-61.0

7.0

81

­

Bank Internasional Indonesia

Indonesia

1997

550

103.98

5,311

39.48

53

-6.1

12.8

82

71

Philippine National Bank

Philippines

1997

548

8.08

6,080

23.43

28

-76.0

5.3

83

­

Fubon Commercial Bank

Taiwan

1997

544

38.93

4,956

42.97

51

163.8

10.9

84

57

Industrial Bank of Korea

Korea

1997

540

-6.36

30,720

17.95

-36

-198.8

-6.5

85

­

Wing Hang Bank

Hong Kong

1997

530

13.9

6,119

23.36

113

13.0

22.6

86

36

Seoulbank

Korea

1997

520

-40.56

24,292

3.84

-657

484.2

-94.3

87

­

Bank of Overseas Chinese (BOOC)

Taiwan

1997

518

55.82

7,196

34.45

36

1912.1

8.4

88

­

Bank Tabungan Negara

Indonesia

1996

513

7.9

4,768

19.31

53

50.4

10.8

89

­

Grand Commercial Bank

Taiwan

1996

511

4.8

4,307

23.02

35

134.7

7.0

90

­

Pan Asia Bank

Taiwan

1997

510

44.69

4,796

54.25

27

159.6

6.2

91

97

Chung Shing Bank

Taiwan

1997

507

8.98

4,728

52.47

42

65.2

8.7

92

­

Bank of Melbourne

Australia

1996

494

10.29

7,257

12.08

72

15.6

15.3

93

­

Hong Leong Bank

Malaysia

1997

489

51.01

8,126

45.83

76

37.4

18.8

94

77

Hana Bank

Korea

1997

485

18.96

10,440

40.76

33

2.6

7.4

95

­

Kwangju Bank

Korea

1996

484

2.61

5,867

21.88

12

-48.3

2.6

96

­

Bank SinoPac

Taiwan

1997

480

26.84

5,095

43.27

38

45.9

8.8

97

­

Hsinchu Bank

Taiwan

1997

476

17.53

7,368

8.68

52

3.9

11.7

98

­

Chinfon Commercial Bank

Taiwan

1996

474

4.49

5,331

7.35

20

67.2

4.4

99

59

Thai Military Bank

Thailand

1997

471

-8.02

8,183

16.84

29

-72.2

5.9

100

100

Far East Bank & Trust

Philippines

1997

457

29.91

3,929

26.88

68

20.0

16.