Top 1000 World Banks Ranking

The Banker Magazine has published the rankings of Top 1000 World Banks for 2010, which are based on the definition of Tier 1 capital as set out by Basel’s Bank for International Settlements (BIS).

Bank of America Corporation topped the list of 1000 banks in the world, moving up a place from 2nd in 2009 to 1st in 2010, while JP Morgan Chase & Co dropped a place to 2nd globally. BNP Paribas made a big jump from 14th to 8th in 2010. Barclays Bank in UK also made it to the top 10 position (up five places form 15th).

DBS Bank is ranked 1st in Singapore, 5th in Asia (ex-China, ex-Japan), 10th in Asia (ex-Japan), and 62nd globally among the top 1000 world banks. DBS provides a comprehensive range of services in corporate, SME, consumer and wholesale banking activities across Asia and the Middle East.

Following are the top 20 performers from the rankings:
1 Bank of America Corp US
2 JP Morgan Chase & Co US
3 Citigroup US
4 Royal Bank of Scotland UK
5 HSBC Holdings UK
6 Well Fargo & Co US
7 ICBC China
8 BNP Paribas France
9 Banco Santender Spain
10 Barclays Bank UK
11 Mitsubishi UFG Financial Group Japan
12 Lloyds Banking Group UK
13 Credit Agricole Groupe France
14 Bank of China China
15 China Construction Bank Corp China
16 Goldman Sachs US
17 UniCredit Italy
18 Groupe BPCE France
19 Societe Generale France
20 Deutsche Bank Germany
Source: The Banker

* Next: Ranking of Top 10 Banks