The Industrial and Commercial Bank of China remains the world’s largest bank, according to the latest ranking released by The Banker magazine on July 3.
ICBC has $281 billion in tier one capital, the key measure for the rankings, followed by China Construction Bank and JP Morgan.
It’s the fifth year in a row that ICBC has come in first in the Top 1000 World Banks after it became the first Chinese bank to reach the top spot in 2013.
Here is the top 10 global banks.
No 10 Mitsubishi UFJ Financial Group
Country: Japan
Tier one capital: $136b
No 9 HSBC
Country: UK
Tier one capital: $138b
No 8 Wells Fargo
Country: US
Tier one capital: $171b
No 7 Citigroup
Country: US
Tier one capital: $178b
No 6 Agricultural Bank of China
Country: China
Tier one capital: $189b
No 5 Bank of America
Country: US
Tier one capital: $190b
No 4 Bank of China
Country: China
Tier one capital: $199b
No 3 JP Morgan
Country: US
Tier one capital: $208
No 2 China Construction Bank
Country: China
Tier one capital: $226b
No 1 ICBC
Country: China
Tier one capital: $281b