| Banks find the cloud’s silver lining | ||
| Methodology | North Asia Top 25 | Oceania |
| ASEAN Top 25 | Sub-continent Top 25 | |
| Asia Top 100 (excluding Japan) | |||||||||||||
| Rank | Pro-forma ranking | Bank | Country | Shareholder equity ($m) | Fiscal period | Moody’s Ratings (as of November 14th, 2004) | Equity growth (%) | Asset growth (%) | Income growth (%) |
RoE, period end (%) |
RoA, period end (%) | Loans % Deposits | Tier 1 capital ratio (%) |
| 1 | 1 | Bank of China | China [1] | 22,544 | 2003 | A2/P-1/D- | -15.1 | 7.0 | -51.4 | 2.5 | 0.1 | 65.3% | 6.2% |
| 2 | 6 | China Construction Bank | China [1] | 22,533 | 2003 | A2/P-1/E+ | 73.9 | 15.4 | -90.4 | 0.2 | 0.0 | 71.4% | 5.9% |
| 3 | 3 | National Australia Bank | Australia | 21,661 | 2004 | Aa3/P-1/B | 17.0 | 10.7 | -14.0 | 10.7 | 0.8 | — | 7.3% |
| 4 | 2 | Industrial & Commercial Bank of China (ICBC) | China [1] | 20,921 | 2003 | A2/P-1/E+ | -2.8 | 10.6 | -59.2 | 1.5 | 0.1 | 69.3% | 4.8% |
| 5 | 5 | Commonwealth Bank of Australia | Australia | 17,402 | 2004 | Aa3/P-1/B | 16.6 | 19.8 | 32.7 | 10.3 | 0.8 | 128.5% | 7.4% |
| 6 | 4 | Agricultural Bank of China | China [1] | 16,683 | 2003 | A2/P-1/E | 1.5 | 17.4 | -33.6 | 1.4 | 0.1 | 74.7% | — |
| 7 | 8 | Australia & New Zealand Banking Group | Australia | 13,044 | 2004 | Aa3/P-1/B | 39.1 | 41.9 | 28.3 | 15.7 | 1.1 | 129.0% | 6.9% |
| 8 | 7 | Westpac Banking Corp | Australia | 11,874 | 2004 | Aa3/P-1/B | 24.7 | 18.5 | 24.4 | 15.6 | 1.0 | 128.3% | 6.9% |
| 9 | 9 | DBS Bank | Singapore | 9,427 | 2003 | Aa2/P-1/B- | 5.7 | 9.0 | 2.9 | 6.4 | 0.6 | 59.5% | 10.5% |
| 10 | 11 | United Overseas Bank | Singapore | 7,906 | 2003 | Aa2/P-1/B+ | 7.1 | 7.7 | 15.3 | 8.9 | 1.1 | 84.9% | 12.8% |
| 11 | 10 | Kookmin Bank | South Korea | 7,124 | 2003 | A3/P-2/D+ | -18.4 | -0.6 | -158.1 | -8.7 | -0.4 | 106.1% | 6.2% |
| 12 | 12 | Oversea-Chinese Banking Corp | Singapore | 5,930 | 2003 | Aa3/P-1/B | 11.3 | 2.6 | 46.1 | 9.5 | 1.1 | 91.3% | 12.6% |
| 13 | 16 | Bank of Communications | China [1] | 4,916 | 2003 | Baa2/P-3/D | 25.0 | 24.1 | -93.3 | 0.2 | 0.0 | 65.1% | 6.4% |
| 14 | 18 | Woori Bank | South Korea | 4,759 | 2003 | Baa1/P-2/D- | 35.9 | 17.3 | 70.1 | 23.5 | 1.3 | 100.5% | 6.8% |
| 15 | 13 | Bank of Taiwan | Taiwan | 4,663 | 2003 | A1/P-1/C | -10.8 | 5.2 | 1,054.3 | 3.4 | 0.2 | 56.0% | 16.3% |
| 16 | 15 | State Bank of India | India | 4,496 | 2004 | Ba2/NP/D+ | 3.8 | 14.9 | 25.5 | 18.2 | 0.9 | 45.10% | 8.34% |
| 17 | 17 | National Agricultural Cooperative Federation | South Korea | 4,387 | 2003 | A3/P-2/D- | 17.1 | 6.0 | -49.2 | 5.8 | 0.2 | 95.1% | 6.1% |
| 18 | 14 | China Development Industrial Bank | Taiwan | 3,961 | 2003 | Baa2/P-3/C- | -10.5 | -1.2 | -284.7 | -10.2 | -6.3 | 162.3% | 118.0% |
| 19 | 20 | St.George Bank | Australia | 3,660 | 2004 | A2/P-1/C+ | 23.3 | 19.4 | 24.7 | 15.3 | 1.1 | 123.9% | 7.3% |
| 20 | 19 | Malayan Banking Berhad | Malaysia | 3,654 | 2003 | Baa1/P-2/C | 15.5 | 7.5 | 21.1 | 14.4 | 1.2 | 93.7% | 10.2% |
| 21 | 22 | Hana Bank | South Korea | 3,082 | 2003 | Baa2/P-3/D | 15.8 | 8.0 | 59.4 | 14.0 | 0.6 | 96.6% | 6.2% |
| 22 | 23 | Suncorp-Metway | Australia | 3,035 | 2004 | A2/P-1/C+ | 23.5 | 16.9 | 67.5 | 14.2 | 1.4 | 208.4% | 10.0% |
| 23 | 25 | Shinhan Bank | South Korea | 2,950 | 2003 | Baa1/P-2/D | 22.3 | 18.0 | -20.5 | 13.5 | 0.7 | 112.5% | 6.3% |
| 24 | 21 | Industrial Bank of Korea | South Korea | 2,914 | 2003 | A3/P-2/E+ | 2.2 | 9.1 | -61.7 | 6.4 | 0.3 | 151.3% | 8.2% |
| 25 | 24 | Bank of East Asia | Hong Kong | 2,592 | 2003 | Baa1/P-2/C- | 7.3 | 7.5 | 52.0 | 9.5 | 1.0 | 66.0% | — |
| 26 | 47 | Bangkok Bank | Thailand | 2,587 | 2003 | Baa1/P-2/D^ | 100.2 | 18.5 | 97.3 | 11.1 | 0.8 | 63.8% | 12.0% |
| 27 | 26 | Chinatrust Commercial Bank[2] | Taiwan | 2,468 | 2003 | A3/P-1/C- | 4.9 | 27.1 | -39.5 | 8.7 | 0.6 | 73.2% | 8.0% |
| 28 | 28 | Public Bank Berhad | Malaysia | 2,435 | 2003 | Baa1/P-2/C- | 13.4 | 4.7 | 30.2 | 10.8 | 1.6 | 90.8% | 16.5% |
| 29 | 37 | Bank Mandiri | Indonesia | 2,423 | 2003 | B3/NP/E+ | 50.2 | 5.9 | 36.0 | 22.5 | 1.8 | 42.5% | 19.4% |
| 30 | 27 | Land Bank of Taiwan | Taiwan | 2,293 | 2003 | A2/P-1/D+ | -0.2 | 12.2 | 136,674.2 | 4.6 | 0.2 | 81.9% | 9.0% |
| 31 | 30 | China Merchants Bank | China [1] | 2,214 | 2003 | Ba1/NP/D | 14.3 | 32.9 | 25.7 | 11.9 | 0.4 | 73.5% | — |
| 32 | 39 | Chang Hwa Commercial Bank | Taiwan | 2,187 | 2003 | A3/P-1/D | 41.8 | 9.8 | — | 4.0 | 0.2 | 88.3% | 8.5% |
| 33 | 35 | Macquarie Bank | Australia | 2,172 | 2004 | A2/P-1/C+ | 31.4 | 70.8 | 83.1 | 18.4 | 1.2 | 165.4% | 16.2% |
| 34 | 54 | Citic Industrial Bank | China [1] | 2,037 | 2003 | Baa3/P-3/D- | 80.6 | 25.3 | 9.1 | 9.2 | 0.4 | 76.9% | 7.6% |
| 35 | 38 | Cathay United Bank [3] | Taiwan | 2,020 | 2003 | A3/P-1/C- | 26.9 | 35.2 | — | 3.9 | 0.3 | 78.6% | 11.2% |
| 36 | 32 | International Commercial Bank of China | Taiwan | 1,991 | 2003 | A2/P-1/C- | 8.9 | 9.2 | 109.8 | 11.1 | 0.7 | 83.4% | 10.0% |
| 37 | 51 | Siam Commercial Bank | Thailand | 1,935 | 2003 | Baa1/P-2/D | 57.2 | 20.2 | — | 16.2 | 1.7 | 71.7% | 7.1% |
| 38 | 42 | Krung Thai Bank | Thailand | 1,891 | 2003 | Baa1/P-2/E+ | 25.1 | 16.2 | 15.2 | 11.3 | 0.8 | 68.3% | 8.5% |
| 39 | 31 | Korea Exchange Bank | South Korea | 1,882 | 2003 | Baa2/P-3/E+ | -0.2 | 2.4 | -1,729.9 | -38.7 | -1.3 | 94.6% | 4.7% |
| 40 | 40 | ICICI Bank | India | 1,858 | 2004 | Ba2/NP/D+ | 21.6 | 24.1 | 43.7 | 19.6 | 1.3 | 94.07% | 6.09% |
| 41 | 33 | Taiwan Cooperative Bank | Taiwan | 1,798 | 2003 | –/–/– | 5.3 | 6.4 | 151.3 | 5.1 | 0.2 | 80.3% | 6.3% |
| 42 | 43 | Hua Nan Commercial Bank | Taiwan | 1,728 | 2003 | A3/P-1/D | 18.1 | 8.3 | — | 15.3 | 0.6 | 76.8% | 7.7% |
| 43 | 34 | First Commercial Bank | Taiwan | 1,705 | 2003 | A3/P-1/D | 1.1 | 10.4 | — | -23.0 | -0.9 | 76.3% | 6.2% |
| 44 | 36 | Chiao Tung Bank | Taiwan | 1,700 | 2003 | A3/P-2/D- | 5.1 | 0.2 | 38.2 | 9.8 | 1.0 | 145.0% | 13.9% |
| 45 | 29 | Cho Hung Bank [4] | South Korea | 1,646 | 2003 | Baa1/P-2/D- | -15.9 | -10.3 | — | -49.1 | -1.6 | 107.8% | 4.5% |
| 46 | 41 | China Everbright Bank | China [1] | 1,548 | 2002 | Ba1/NP/D- | 2.2 | 23.7 | 784.3 | 17.5 | 0.7 | 64.3% | — |
| 47 | 48 | Bank Central Asia | Indonesia | 1,500 | 2003 | –/–/– | 16.6 | 20.8 | 0.0 | 18.9 | 1.8 | 24.8% | — |
| 48 | 60 | Shanghai Pudong Development Bank | China [1] | 1,462 | 2003 | Ba1/NP/D | 52.0 | 32.8 | 23.1 | 13.0 | 0.4 | 77.2% | — |
| 49 | 44 | Taipei Bank | Taiwan | 1,448 | 2003 | –/–/– | 1.5 | 4.4 | -15.1 | 8.7 | 0.6 | 72.8% | 13.9% |
| 50 | 46 | KorAm Bank [5] | South Korea | 1,416 | 2003 | Baa3/P-3/D | 3.6 | 15.6 | -82.3 | 2.7 | 0.1 | 117.0% | 6.6% |
| 51 | 45 | Korea First Bank | South Korea | 1,391 | 2003 | Baa3/P-3/D | -1.4 | 21.4 | -113.2 | -0.8 | 0.0 | 98.8% | 6.2% |
| 52 | 52 | Bumiputra-Commerce Bank | Malaysia | 1,378 | 2003 | Baa1/P-2/D- | 14.3 | 6.5 | 15.8 | 8.8 | 0.6 | 92.2% | 9.5% |
| 53 | 49 | RHB Bank Berhad [6] | Malaysia | 1,358 | 2003 | Baa1/P-2/D | 8.6 | 23.8 | 107.5 | 7.0 | 0.6 | 87.9% | 8.7% |
| 54 | 50 | Shanghai Commercial & Savings Bank | Taiwan | 1,324 | 2003 | –/–/– | 6.7 | 6.0 | 322.7 | 7.6 | 0.5 | 72.4% | 18.1% |
| 55 | 55 | Taishin International Bank | Taiwan | 1,235 | 2003 | Baa2/P-3/D+ | 18.7 | 17.7 | 51.2 | 14.7 | 1.1 | 92.8% | 7.9% |
| 56 | 66 | KASIKORNBANK [7] | Thailand | 1,232 | 2003 | Baa1/P-2/D | 49.8 | 17.3 | 117.3 | 27.4 | 1.6 | 70.6% | 10.5% |
| 57 | 62 | Bank Negara Indonesia | Indonesia | 1,190 | 2003 | B3NP/E | 29.3 | 11.3 | -64.9 | 8.3 | 0.6 | 43.6% | — |
| 58 | 75 | China Minsheng Banking Corporation | China [1] | 1,180 | 2003 | –/–/– | 62.6 | 46.6 | 53.4 | 14.0 | 0.4 | 75.3% | — |
| 59 | 65 | Canara Bank | India | 1,167 | 2004 | Ba2/NP/D | 38.2 | 28.5 | 39.1 | 25.5 | 1.3 | 56.1% | 7.81% |
| 60 | 53 | Taiwan Business Bank | Taiwan | 1,151 | 2003 | –/–/– | 0.1 | 4.8 | — | 0.3 | 0.0 | 83.6% | 6.7% |
| 61 | 61 | Bank of Baroda | India | 1,140 | 2004 | Ba2/NP/D | 23.8 | 17.9 | 32.5 | 18.8 | 1.1 | 52.8% | 8.47% |
| 62 | 71 | Punjab National Bank | India | 1,114 | 2004 | Ba2/NP/D | 43.3 | 25.7 | 39.4 | 22.1 | 1.1 | 52.60% | 7.01% |
| 63 | 56 | Wing Lung Bank | Hong Kong | 1,109 | 2003 | Baa1/P-2/C | 8.0 | 10.3 | 13.6 | 10.0 | 1.3 | 54.7% | — |
| 64 | 57 | Metropolitan Bank & Trust [8] | Philippines | 1,042 | 2003 | Ba3/NP/D | 1.6 | 2.4 | 15.7 | 5.2 | 0.6 | 77.9% | — |
| 65 | 58 | Bank of Shanghai | China [1] | 1,038 | 2003 | –/–/– | 4.4 | 14.8 | 46.8 | 13.3 | 0.6 | 63.3% | — |
| 66 | 94 | Hua Xia Bank | China [1] | 1,031 | 2003 | –/–/– | 137.1 | 38.7 | 13.7 | 9.4 | 0.3 | 79.1% | — |
| 67 | 64 | Hong Leong Bank Berhad | Malaysia | 1,028 | 2003 | –/–/– | 15.2 | 1.5 | 15.5 | 14.9 | 1.3 | 59.5% | — |
| 68 | 63 | International Bank of Taipei | Taiwan | 997 | 2003 | –/–/– | 9.9 | 12.5 | 26.4 | 7.9 | 0.7 | 80.9% | 13.3% |
| 69 | 59 | Bank of the Philippine Islands [8] | Philippines | 956 | 2003 | Ba3/NP/C- | -0.8 | 0.5 | 5.7 | 10.7 | 1.4 | 67.6% | — |
| 70 | 68 | Fubon Commercial Bank | Taiwan | 940 | 2003 | Baa2/P-3/D+ | 15.6 | 7.4 | 499.1 | 14.1 | 1.6 | 62.6% | 16.5% |
| 71 | 76 | Bank of India | India | 891 | 2004 | Ba2/NP/D | 29.1 | 17.3 | 25.5 | 25.1 | 1.2 | 62.26% | 7.47% |
| 72 | 67 | Wing Hang Bank | Hong Kong | 864 | 2003 | Baa1/P-2/C- | 6.0 | 56.0 | 29.1 | 12.8 | 1.0 | 61.4% | — |
| 73 | 72 | Industrial Bank Co. Limited | China [1] | 846 | 2003 | –/–/– | 10.4 | 46.0 | 106.8 | 14.1 | 0.4 | 111.1% | — |
| 74 | 69 | Siam City Bank Public Company [9] | Thailand | 824 | 2003 | Ba2/NP/E+* | 1.7 | 5.1 | 349.7 | 11.2 | 0.8 | 34.9% | 10.2% |
| 75 | 88 | Bank Danamon Indonesia | Indonesia | 810 | 2003 | B3/NP/E+^ | 55.8 | 19.4 | 71.5 | 22.4 | 2.9 | 57.1% | — |
| 76 | 77 | Pusan Bank | South Korea | 786 | 2003 | Baa3/P-3/D- | 14.3 | 10.5 | -18.2 | 12.9 | 0.7 | 79.5% | 9.3% |
| 77 | 70 | Equitable-PCI Bank [8] | Philippines | 776 | 2003 | Ba3/NP/D- | -0.9 | 8.5 | 49.1 | 2.7 | 0.4 | 87.2% | — |
| 78 | 74 | Bank Sinopac | Taiwan | 770 | 2003 | Baa2/P-3/D+ | 4.6 | 22.1 | 22.1 | 10.5 | 0.6 | 69.7% | 12.1% |
| 79 | 73 | Liu Chong Hing Bank | Hong Kong | 766 | 2003 | –/–/– | 1.6 | 2.3 | 0.4 | 5.2 | 0.8 | 59.0% | — |
| 80 | 79 | Southern Bank Berhad | Malaysia | 746 | 2003 | –/–/– | 11.3 | 14.2 | 33.1 | 12.3 | 1.2 | 108.6% | 10.0% |
| 81 | 86 | EON Bank Berhad | Malaysia | 741 | 2003 | Baa2/P-3/D | 35.7 | 29.0 | 66.7 | 11.9 | 1.0 | 101.8% | 14.6% |
| 82 | 78 | Beijing City Commercial Bank | China [1] | 732 | 2003 | –/–/– | 7.9 | 26.5 | -6.8 | 9.3 | 0.3 | 67.4% | — |
| 83 | 98 | Bank of Ayudhya | Thailand | 727 | 2003 | Ba2/NP/E+ | 83.4 | 21.4 | 56.6 | 10.6 | 0.6 | 90.0% | 8.6% |
| 84 | 82 | Daegu Bank | South Korea | 703 | 2003 | Baa3/P-3/D- | 17.1 | 5.0 | -15.9 | 13.2 | 0.6 | 79.4% | 8.2% |
| 85 | 80 | Bank Rakyat Indonesia | Indonesia | 699 | 2003 | B3/NP/D- | 7.9 | 16.6 | 52.7 | 39.5 | 2.5 | 62.3% | — |
| 86 | 100 | Thai Military Bank [10] | Thailand | 694 | 2003 | Baa2/P2/E+^ | 109.4 | 5.2 | — | -51.2 | -3.7 | 79.6% | 7.7% |
| 87 | 95 | Union Bank of India | India | 686 | 2004 | Ba2/NP/D- | 57.8 | 20.9 | 36.4 | 23.1 | 1.2 | 56.5% | 6.47% |
| 88 | 81 | Dah Sing Bank | Hong Kong | 679 | 2003 | Baa1/P-2/C- | 6.4 | 5.8 | 8.2 | 16.5 | 1.4 | 63.8% | — |
| 89 | 99 | Central Bank of India | India | 661 | 2004 | Ba2/NP/E+ | 91.9 | 17.5 | 114.2 | 20.8 | 1.0 | 45.1% | 6.23% |
| 90 | 89 | Corporation Bank | India | 647 | 2004 | –/–/– | 25.2 | 15.9 | 28.2 | 18.2 | 1.8 | 51.7% | 16.50% |
| 91 | 83 | Citic Ka Wah | Hong Kong | 636 | 2003 | Baa2/P-3/D+ | 7.1 | 6.7 | 15.1 | 13.2 | 0.8 | 66.4% | 16.6% |
| 92 | 87 | E. Sun Commercial Bank | Taiwan | 627 | 2003 | Baa2/P-3/D+ | 19.0 | 14.1 | — | 15.9 | 1.1 | 90.5% | 9.1% |
| 93 | 91 | HDFC Bank | India | 598 | 2004 | –/–/– | 27.0 | 47.2 | 39.2 | 18.9 | 1.2 | 48% | 8.00% |
| 94 | 93 | Oriental Bank of Commerce | India | 595 | 2004 | Ba2/NP/D | 34.4 | 27.8 | 59.0 | 25.6 | 1.7 | 51.3% | 9.87% |
| 95 | 84 | Bank of South Pacific Limited | Papua New Guinea | 591 | 2003 | –/–/– | 0.5 | -12.8 | — | 22.1 | 2.1 | 46.7% | 16.4% |
| 96 | 85 | Cosmos Bank | Taiwan | 581 | 2003 | –/–/– | 6.3 | 10.4 | -2.0 | 5.9 | 0.5 | 76.0% | 9.8% |
| 97 | 92 | Shenzhen Development Bank (2) | China [1] | 529 | 2003 | Ba3/NP/E+ | 16.1 | 14.3 | -19.8 | 7.9 | 0.2 | 91.2% | — |
| 98 | 90 | HSBC Bank Malaysia Berhad | Malaysia | 498 | 2003 | Baa1/P-2/D+ | 1.7 | 17.2 | 20.4 | 20.3 | 1.3 | 75.6% | 8.4% |
| 99 | 96 | Citibank Berhad | Malaysia | 496 | 2003 | –/–/– | 16.4 | 18.5 | -5.5 | 17.8 | 1.2 | 89.3% | 9.7% |
| 100 | 97 | National Bank of Pakistan | Pakistan | 481 | 2003 | B2/NP/E+ | 17.2 | 10.7 | 89.5 | 15.2 | 0.9 | 38.7% | — |
| [1] Tier 1 ratios are calculated based on People’s Bank of China standard (local standard). [2] Chinatrust Bank merged with Grand Commercial Bank in 2003. [3] United World Chinese Bank was merged with Cathay United Bank and now renamed Cathay United Bank [4] Cho Hung Bank is currently operating under Shinhan Financial Group, a bank holding company of Shinhan Bank. [5] Citigroup acquired 97% of KorAm Bank’s shares in May 2004. Subsequently in November 2004, the bank was renamed to Citibank Korea Inc., after the merger with Citibank’s 15 branches in Korea. [6] Merged with Bank Utama in 2002 [7] Previously known as Thai Farmers Bank Public Co. Ltd [8] Rating on review for possible downgrade [9] Merged with Bangkok Metropolitan Bank in April 2002 [10] Merged with Industrial Finance Corporation of Thailand and DBS Thai Danu Plc in September 2004 ^ BFSR on positive outlook * All ratings under review |
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