SNL Financial Ranks the Top 25 Asia-Pacific Banks by Market Capitalization

Share Article

Chinese companies stay dominant among top Asia-Pacific banks by market value.

top-25-asia-pacific-banks

Top 25 Asia-Pacific banks by market cap

With a market capitalization of US$275.43 billion as of March 31, Beijing-based Industrial & Commercial Bank of China Ltd. tops the list of the most valuable Asia Pacific-based companies classified as banks or savings banks by SNL Financial.

Announced today, SNL Financial has released a ranking of the largest 25 Asia-Pacific banks by market capitalization. The data shows that Chinese state-owned companies continue to dominate the list of the largest Asia-Pacific banks, holding 11 of the top 25 spots.

With a market capitalization of US$275.43 billion as of March 31, Beijing-based Industrial & Commercial Bank of China Ltd. tops the list of the most valuable Asia Pacific-based companies classified as banks or savings banks by SNL Financial.

The Chinese banking heavyweight, which had total assets of US$3.319 trillion as of March 31, was ranked by SNL as the largest bank by assets globally in July 2014, based on banks' own accounting treatments of total assets.

The company on March 26 reported a 5% annual increase in net profit attributable to equity holders for 2014.

The next three spots on the list are all held by state-run Chinese banks. Beijing-based China Construction Bank Corp. trailed ICBC most closely, with a market value of US$209.14 billion, followed by Bank of China Ltd. worth US$197.25 billion and Agricultural Bank of China Ltd. valued at US$189.33 billion.

The only non-Chinese company among the top five Asia-Pacific banks is Commonwealth Bank of Australia, which had a market capitalization of US$115.36 billion as of March 31. With a stock price at 304.78% of its book value as of March 31, the Sydney-based bank has the highest valuation based on the measure among the Australian companies on the list.

In total, 11 banks based in China, four in Australia, three in Japan and India, along with two in Hong Kong and Singapore, made the list.

Among them, Japan's Mitsubishi UFJ Financial Group Inc. has the lowest valuation, at 73.01% of its book value as of March 31.

All three Japanese companies on the list are at discounts to their book values, while the other five banks below their book values are all Chinese.

Shares with the highest valuation on the list belong to Mumbai-based HDFC Bank Ltd., which was at 497.98% of its book value as of March 31. By market value, the company is No. 17, worth US$41.02 billion as of March 31.

Industrial Bank Co. Ltd. delivered the highest return in the past year, generating a total return of 102.19% through March 31. The next best performer based on the gauge is also a Chinese company, Shanghai Pudong Development Bank Co. Ltd., which earned investors 74.31% over the one-year period.

Among SNL indexes tracking changes in the stock prices of Chinese, Japanese, Australian and New Zealand banks, the SNL China Bank index gained 34.71% in one year through March 31, the most among the three country gauges, far outperforming the SNL Asia-Pacific Bank index, which rose 7.56%.

Read the full report here: https://www.snl.com/InteractiveX/Article.aspx?cdid=A-31947609-11308

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Kelly Chan
@SNLAsiaPacific
since: 01/2013
Follow >
SNL Financial
Like >
Visit website