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This article was first published 12 years ago

Only ONE Indian bank among BRIC's 20 best

Last updated on: January 17, 2012 13:26 IST


Emerging economies are expected to play a strong role in providing stability to global economy. According to Global Finance (an international financial magazine) some of Asia's leading banks are introducing some sophisticated products and services to clients that are expected to fuel the growth, both locally and globally.

For instance, China's banks are continuing to move up the league tables. The country has six banks among the top 20 in emerging markets. Moreover, the BRIC countries dominate the top 20, with 17 banks.

Government-owned banks lead the market by size in the BRIC countries -- accounting for 50 per cent of total banking sector assets in China, 40 per cent in Brazil and Russia and reaching 70 per cent in India.

Here are the 20 biggest banks in Emerging Markets 2011.

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Only ONE Indian bank among BRIC's 20 best


Bank: Industrial & Commercial Bank of China

President: Yang Kaisheng

Total Assets: $2,032,134 million

Country: China

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Only ONE Indian bank among BRIC's 20 best


Bank: China Construction Bank Corporation

Chairman: Wang Hongzhang

Total Assets: $1,632,263 million

Country: China

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Only ONE Indian bank among BRIC's 20 best


Bank: Bank of China

Chairman: XIAO Gang

Total Assets: $1,579,348 million

Country: China

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Only ONE Indian bank among BRIC's 20 best


Bank: Agricultural Bank of China

Chairman: Xiang Junbo

Total Assets: $1,568,722 million

Country: China

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Only ONE Indian bank among BRIC's 20 best


Bank: China Development Bank

President: Jiang Chaoliang

Total Assets: $771,729 million

Country: China

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Only ONE Indian bank among BRIC's 20 best


Bank: Bank of Communications

Chairman: Hu Huaibang

Total Assets: $596,656 million

Country: China

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Only ONE Indian bank among BRIC's 20 best


Bank: Banco do Brazil

President: Aldemir Bendine

Total Assets: $481,179 million

Country: Brazil

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Tags: BRIC , Brazil , ONE , Banco

Only ONE Indian bank among BRIC's 20 best


Bank: Itau Unibanco

CEO: Roberto Setubal

Total Assets: $447,925 million

Country: Brazil

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Only ONE Indian bank among BRIC's 20 best


Bank: Banco Bradesco Brazil

Chairman: Lazaro de Mello Brandao

Total Assets: $378,150 million

Country: Brazil

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Only ONE Indian bank among BRIC's 20 best


Bank: China Merchants Bank

Chairman and Non-executive Director: Fu Yuning

Total Assets: $362,758 million

Country: China

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Only ONE Indian bank among BRIC's 20 best


Bank: China CITIC Bank

Chairman: Tian Guoli

Total Assets: $314,260 million

Country: China

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Tags: CITIC Bank , BRIC , China , ONE

Only ONE Indian bank among BRIC's 20 best


Bank: Sberbank

CEO: Herman Gref

Total Assets: $ 283,117 million

Country: Russia

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Only ONE Indian bank among BRIC's 20 best


Bank: China Minsheng Banking Corporation

Managing Director & President: Hong Qi

Total Assets: $275,368 million

Country: China

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Only ONE Indian bank among BRIC's 20 best


Bank: State Bank of India

Chairman: Pratip Chaudhuri

Total Assets: $274,411 million

Country: India

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Only ONE Indian bank among BRIC's 20 best


Bank: Caixa Economica Federal

Chairman: Jorge Hereda

Total Assets: $237,640 million

Country: Brazil

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Only ONE Indian bank among BRIC's 20 best


Bank: Banco Santander-Brasil

CEO: Marcial Portela

Total Assets: $229,690million

Country: Brazil

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Only ONE Indian bank among BRIC's 20 best


Bank: Kookmin Bank

President and CEO: Min, Byong Deok

Total Assets: $224,989 million

Country: South Korea

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Only ONE Indian bank among BRIC's 20 best


Bank: China Everbright Bank

President: GUO, You

Total Assets: $224,064 million

Country: China

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Only ONE Indian bank among BRIC's 20 best


Photographs: Reuters/Lee Jae-Won

Bank:Woori Bank

CEO: Soon Woo Lee

Total Assets: $199,116 million

Country: South Korea

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Tags: BRIC , Woori Bank , ONE , CEO

Only ONE Indian bank among BRIC's 20 best


Photographs: Reuters/Lee Jae-Won

Bank: Shinhan Bank

CEO: Suh Jin-won

Total Assets: $185,740 million

Country: South Korea

(Note: Total Asset figures: Statement Date as of 31/12/2010)