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published in(发表于) 2014/7/1 8:25:11
China’s banking sector profits 30% of the world

Beijing News dispatch (reporter Tian Siqi Somaly Mam interns) financial crisis rewriting global banking landscape, Europe's financial sector is weak, while China's banks are growing rapidly. Yesterday, the United Kingdom, the Banker magazine survey of the world's top 1000 banks, Global 1000 large Bank profits last year amounted to $ 920 billion, record high. Main Bank of China's pre-tax profit amounted to $ 292 billion, total global profits of the banking sector 32%.

　Big four in top ten

Yesterday, the United Kingdom announced the banker to the world's top 1000 banks ' profits and capital strength of the statistical results. In 2013, the Global 1000 banks gross profit grew 23% compared with the previous year, reaching the highest level ever.

Main Bank of China's pre-tax profit amounted to $ 292 billion, total global profits of the banking sector 32%. In 2007, before the financial crisis, this figure is only 4%.

The industrial and commercial bank, China Construction Bank, the agricultural Bank of China and Bank of China are four of China's most profitable banks, at the same time that the four banks ' capital strength is among the top ten in the world, of which ICBC's profit reached $ 55 billion.

According to the Banker magazine, ICBC is still the capital of the most powerful banks in the world, won the title. China Construction Bank's capital strength levels jumped to second place from fifth, disanzhiwuming respectively, JPMorgan Chase, United States Bank and HSBC Holdings.

　　United States stronger, Europe weak

After the financial crisis, global banking landscape of rewriting. Apart from the rise of China, United States banking remains strong, but the eurozone has not returned to pre-crisis levels.

2013 United States banks to profit of $ 183 billion, accounting for 20% of the total global, in which Wells Fargo for $ 32 billion on profits ahead of other United States banks. This year, due to continued earnings growth pushed up stock prices, Wells Fargo has jumped into the world's biggest bank by market capitalisation, is worth $ 275 billion, higher than Bank of about $ 75 billion.

Meanwhile, eurozone banks in global Bank profits accounted for more than 3%, 25% level is much lower than before the financial crisis of 2008.

Last year, Italy's banks total losses as high as $ 35 billion to become the world's worst state of the banking industry. While Japan's banks last year reaped profits of $ 64 billion, accounting for 7% of the total global. Canada, and France, and Australia three banks each reap a 39 billion dollar profit, Brazil and the United Kingdom respectively US $ 26 billion and $ 22 billion.

　Extension

China's banking industry growth rates begin to fall

Performance well although Chinese banks over the past few years, as the world's top banks such as ICBC, however, Chinese banks are facing restructuring.

Financial experts said Wen Bin, Chinese banks benefiting from China's rapid development of the economy over the past decade and has not yet been market-oriented interest rates. But now banks can profit on asset expansion era has ended, growth will slow, perhaps even negative growth.

China Banking Association report released yesterday also projected 2014 banking slowdown in overall size will become the norm, and net profit growth is expected to further decline to around 9%, and the pressure of bad loans increasingly become the biggest uncertainty of 2014 eat profits.

(Edit: SN115)
02:42 on July 01, 2014 The Beijing News

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