If there is one positive to be found as banks, and economies across the board, enter a period of unprecedented turbulence, it is that years of post-global financial crisis reform have delivered a banking system that is safer, better capitalised and should be more resilient in the face of economic disruption. In the current circumstances, the regulatory requirements introduced in the wake of the 2007-08 crisis may prove their worth.
Top 5 Banks
|Bank Name||Latest FYE||Tier 1Capital||Total Assets||Pre-TaxProfits|
|ICBC||31-Dec-19||$380,189 m||$4,307,502 m||$56,050 m|
|China Construction Bank||31-Dec-19||$316,122 m||$3,638,950 m||$46,723 m|
|Agricultural Bank of C...||31-Dec-19||$277,608 m||$3,559,126 m||$38,137 m|
|Bank of China||31-Dec-19||$258,431 m||$3,257,474 m||$35,858 m|
|JP Morgan Chase & Co||31-Dec-19||$214,432 m||$2,687,379 m||$44,538 m|