Top 10 Banks in China in 2021 by Revenue

Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd, Bank of China Ltd, and Postal Savings Bank of China Co Ltd are the top 5 banks in China in 2021 by revenues. Collectively, the top 10 China-based banks reported revenue of $1,164,487 million where the Industrial and Commercial Bank of China Ltd was the highest ($222,066 million), and Shanghai Pudong Development Bank Co Ltd stood the lowest ($56,910 million). The average revenue growth of the top 10 banks stood at 12.5%, with the highest revenue increase being registered by Postal Savings Bank of China Co Ltd (19.0%), while the lowest revenue increase was registered by Shanghai Pudong Development Bank Co Ltd (0.8%). In terms of the geographic split, the top 10 banks are all based in China. They employed a total number of 2,120,402 people in 2021. China-based Industrial and Commercial Bank of China Ltd is the leading bank by revenue in 2021. The company reported revenues of $222,066 million for the fiscal year ended December 2021 (FY2021), an increase of 13.8% over the previous year. The company is a diversified financial group that offers personal and corporate banking, e-banking, and bank cards. Its portfolio comprises a range of deposits, loans, securities services, treasury operations, cards, and other financial solutions, also focuses on the agriculture sector, rural sector, and small & micro-enterprises. ICBC operated across the Asia-Pacific, Europe, Africa, the Middle East, and the Americas along with 434,089 people. China-based China Merchants Bank Co Ltd (CMB) is another leading bank by revenue in 2021. The company reported revenues of $71,792 million for the fiscal year ended December 2021 (FY2021), an increase of 9.6% over the previous year. The bank’s loan product portfolio comprises personal loans, housing loans, micro business loans, car loans, corporate loans, liquid capital loans, fixed asset loans, and mortgage and educational loans. Its accounts offerings include demand deposits, savings accounts, time deposits, and call deposits. As part of its related financial services, CMB offers remittance, electronic banking, cash management, M&A financing, international banking, wealth management, investment banking, trade financing, and custody services.