Upward Trend for Erste Group and Raiffeisen

Published: March 12, 2011; 02:33 · (Vindobona)

The two Austrian players rise slightly in the ranking of the world's biggest banks. Erste Group is among the top 100.

Upward Trend for Erste Group and Raiffeisen / Picture: © Erste Group / Helmut Lackner

Erste Group, the largest Austrian bank improved in the global ranking by four places, getting from the 93rd place to the 89th. Raiffeisen Bank International (RBI) is not among the top 100 yet, but it has gotten a step closer: from the 137th place, RBI managed to get forward to the 133rd place. These are part of the conclusions of a study conducted by the Boston Consulting Group.

Little has changed in the international top positions. The two largest banks are still Chinese: ICBC (Industrial and Commercial Bank of China) is considered the world’s largest bank, followed by China Construction Bank.

Close behind follow HSBC, JPMorgan Chase, Wells Fargo, Bank of China and Citigroup. The only newcomer to the top 10 is the Agricultural Bank of China. Brazil's Itau Unibanco ranks at the 10th place.

Equity ratios were sharply on the rise in international comparison, from 4.8% to 9.6%. Profits went up by 130% from € 166bn to € 386bn. The most profitable banks in 2010 were in Latin America with a stock return of 22.5%, followed by banks in the CEE region with 18.4% and banks in the Middle East (15.2%). The average is 6%.

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