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Top 50 Asia-Pacific banks by assets


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Top 50 Asia-Pacific banks by assets

China'slargest banks continued to grow in size, while currency depreciation pusheddown the top three Australian lenders in S&P Global Market Intelligence'slatest ranking of 50 largest Asia-Pacific banks by assets.

Sittingatop the list,China's big four — Industrial& Commercial Bank of China Ltd., ,Agricultural Bank of ChinaLtd., and Bank ofChina Ltd. — all managed to grow despite a range of in the country'seconomy. Even after the devaluation of the yuan in August 2015, all four ofthem boosted assetsby at least 3% in U.S. dollar terms in the 12 months through Dec. 31, 2015.

Standingsin the league table remained more static than the previous ranking, which was published in June 2015, withthe top 13 spots unchanged.

Somenotable changes occurred with Australian entries, though.

,which took the No. 14 spot in the previous ranking, slid to the 18th spot, asits assets fell to the equivalent of US$670.68 billion as of Sept. 30, 2015,from US$772.99 billion a year earlier due to a weaker Australian dollar. Inlocal-currency terms, the company's total assets grew to A$955.05 billion fromA$883.30 billion, despite the spin-off of U.S.-based in thelatter part of 2014.

Similarly, fell to the 19th spot from 17th, while Australia & New Zealand Banking Group Ltd. retreatedto 20th from 19th.

CommonwealthBank of Australia saw assets climb to A$903.08 billion from A$850.71 billion ayear earlier, but when converted to U.S. dollars, the value fell to US$656.64billion from US$696.79 billion. Likewise, ANZ's total assets dropped 7.51% inU.S. dollar terms in the 12 months through Sept. 30, 2015, although before thecurrency conversion, they increased to A$889.90 billion from A$772.09 billion.

China-basedBank of Jiangsu Co.Ltd. and Taiwan-based CTBC Financial Holding Co. Ltd. joined the latest list.

On theother hand, South Korea-based KDBFinancial Group Inc., which was ranked 40th previously, no longerexists after being dissolved into unit Korea Development Bank at the start of 2015.

, which held the 47th spot in the prior ranking, fell off thelist this time around after its assets dropped to US$123.74 billion at Dec. 31,2015, from US$139.16 billion a year earlier.

Going by countries, China is home to 19 of the 50 largest banks in Asia-Pacific, the mostfor any single nation in the region, followed by Japan and South Korea witheight and six, respectively.

To compile this ranking, S&P Global MarketIntelligence converted company-reported financial metrics to U.S. dollars usingend-of-period exchange rates. All of the financial metrics shown are calculatedaccording to a company's individual accounting standards and no adjustmentshave been made.

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