World’s biggest banks

, Tarjetas y Pagos Electrónicos

At the end of 2016, and for the fifth year running, Industrial and Commercial Bank of China (ICBC) was the world’s biggest bank as measured by tier-1 capital (mostly retained earnings and common stock), according to the Banker. Chinese and American banks again dominate the top ten: in the only change from last year’s ranking, Bank of America reclaimed the fifth place it lost to Agricultural Bank of China in 2015. China’s banking market remains the world’s biggest by assets and tier-1 capital; last year it further strengthened its lead over America. Growth in both countries, however, was driven by second-tier banks; China’s big-four lenders may be reaching their size limit.


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