Following a decade of very low real interest rates, in 2022 banks worldwide had to adjust to a different environment as central banks engaged in large increases in monetary policy rates. Overall, lenders managed to increase their profitability and their assets but also faced new challenges. Interest rate increases also meant higher funding costs for banks and less reliance on deposits, a cheaper source of financing. Some banks have also been more cautious with their lending expansion as a result of economic uncertainty while others have experienced a decrease in deposits.
Top 5 Banks
| Bank Name | Latest FYE | Tier 1Capital | Total Assets | Pre-TaxProfits | Returnon Assets | |
|---|---|---|---|---|---|---|
| ICBC | 31-Dec-22 | $497,281 m | $5,666,618 m | $60,453 m | 0.9 |  |
| China Construction Bank | 31-Dec-22 | $407,229 m | $4,950,203 m | $54,652 m | 0.9 | |
| Agricultural Bank of C... | 31-Dec-22 | $379,867 m | $4,853,724 m | $43,808 m | 0.8 | |
| Bank of China | 31-Dec-22 | $339,484 m | $4,136,460 m | $40,715 m | 0.8 | |
| JP Morgan Chase & Co | 31-Dec-22 | $245,631 m | $3,665,743 m | $46,214 m | 1.0 | |
