Global banking set record profits

Global banking set record profits

Reuters quoted annual survey on 1,000 of the world’s largest ice Banker magazine shows profit world banks to a record 920 billion last year, up 23% compared with the previous year. China banks contributed 292 billion, is the largest Commercial Bank of China (ICBC) to $ 55 billion. Followed by China Construction Bank (CCB), the Agricultural Bank of China (ABC) and Bank of China.
Global banking set record profits

ICBC profit of last year amounted to $ 55 billion. Photo: Reuters

The U.S. banks have a total profit of 183 billion U.S. dollars, equivalent to 20% globally. Led by Wells Fargo with $ 32 billion.

Meanwhile, banks in the eurozone group contributes only 3% of global profits, down sharply from 25% pre-crisis. The Italian banks have reduced total $ 35 billion profit last year and is the worst in the world.

The Japanese bank has $ 64 billion in total profits, accounting for 7% globally. Followed by Canada, France, Australia, Brazil and UK.

The Banker said ICBC has maintained a strong position in the world bank, in the amount of capital held. Greater capital, the ability of large-scale lending and shock resistant and stronger. CCB promoted from No. 5 last year to second this year. Followed by JPMorgan, Bank of America and HSBC.

Meanwhile, in terms of market value, Wells Fargo topped the list with $ 275 billion, thanks to strong share price rise for stable profits. ICBC is close behind with $ 200 billion.

If calculated according to profitability on capital (ROC), the bank’s new African champions with 24%, nearly twice that of other areas in the world and more than 6 times the eurozone.

Global banking set record profits
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