Home / Finance / News / Chinese lenders dominate APAC bank rankings with 22 in the top-50 list

Chinese lenders dominate APAC bank rankings with 22 in the top-50 list

India's ICICI Bank, at 50th spot, among newest additions to the compilation, which also has SBI (22) and HDFC Bank (44)

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Photo: Bloomberg

3 min read Last Updated : Apr 20 2022 | 5:48 PM IST

Chinese banks continued to dominate the ranking of Asia-Pacific's top 50 largest banks by total assets in 2021, helped by strong growth in lending after a pandemic-induced slowdown, according to S&P Global Market Intelligence. Twenty-two mainland Chinese banks featured in the list, holding combined assets of $34.5 trillion at end-2021, up more than 10 per cent from a year ago.

Macquarie and India's ICICI Bank were the newest additions to the Top 50 largest Asia-Pacific banks, coming in at number 47 and number 50, respectively. The other two Indian banks in the list were State Bank of India (number 22)

Topics : Chinese banks ICICI Bank sbi HDFC Bank

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