Top 10 Banks in APAC (excl. China) in 2021 by Revenue

Mitsubishi UFJ Financial Group Inc, State Bank of India, KB Financial Group Inc, The Hongkong and Shanghai Banking Corp Ltd, and Sumitomo Mitsui Financial Group Inc are the top 5 APAC (excl. China) banks in 2021 by revenues. Collectively, the top 10 China-based APAC (excl. China) banks generated revenue of 359,285 million, where Mitsubishi UFJ Financial Group Inc was the highest ($56,931 million), and ICICI Bank Ltd stood the lowest ($21,337 million). In terms of the geographic split, 3 out of 10 banks are based in Japan, 3 banks are based in South Korea, 2 banks are based in India, and the remaining 2 banks are based in Hong Kong and Singapore. They employed a total number of 704,038 people in 2021. China-based Mitsubishi UFJ Financial Group Inc is the leading bank by revenue in 2021. The company reported revenues of $56,931 million for the fiscal year ending December 2021 (FY2021). The company offers commercial banking, consumer finance, asset management, trust banking, securities, credit cards, and leasing services, including asset administration businesses of Mitsubishi UFJ Trust and Banking and MUFG Bank. The bank employed 136,867 people in 2021. The South Korea-based KB Financial Group Inc (KBFGI) is another leading bank in the APAC (excl. China) region based on its revenue. The bank reported revenues of $37,541 million for the fiscal year ended December 2021 (FY2021), an increase of 7.8% over FY2020. KBFGI offers a diversified range of banking, insurance solutions, and other related financial products and services. Its product portfolio includes personal and corporate loans, demand and term deposits, debit and credit cards, and insurance coverage for life and non-life. KBFGI’s service offerings include trading, asset management, brokerage, treasury, trust services, information technology outsourcing, capital markets, and international banking services.