On June 26, NetEase issued the “2012 China Top 500 Financial Institutions” at Lujiazui NetEase Finance Forum. As shown by the ranking, 215 banks are listed in this year, of which Industrial Bank (IB) rises to Top 10, ranking the ninth. Among all listed joint-stock banks, IB secures the second place.
The ranking indicates that the top 10 of “2012 China Top 500 Financial Institutions” are all banks, and the state-owned large banks take the first seven places securely, including Industrial and Commercial Bank of China (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC), Bank of China (BOC), China Development Bank (CDB), Bank of Communications (BOCOM), and Postal Savings Bank of China (PSBC), with slight change in position. Nonetheless, the queue of joint-stock banks witnesses great changes, with IB and China Minsheng Banking Corp. (CMBC) rising to Top 10 respectively.
The rank of IB climbs up obviously at this time, not only moving up from the 11 th place in the last year to the 9 th in the entire ranking, but also rising to No. 2 in the ranking of joint-stock commercial banks. In correspondence, the business performance of the bank in 2012 also attracts great attention in the industry. As the first “Equator bank” as well as the forerunner and advocator of green finance in China, thanks to the in-depth development of characteristic businesses including green finance and financial market as well as the bonus released by business line reform , IB witnessed an increase of 34.96% in its total assets, rising from RMB 2,408.798 billion in 2011 to RMB 3,250.975 billion in 2012; with a non-performing loan ratio of 0.43%, the bank's rate of return on weighted average net assets hit 26.64%, a new high over the six years after its IPO. The good development momentum of the bank has built a solid foundation for its rise in the ranking.
NetEase Money indicates that this year's ranking of Top 500 consists of 215 banks, 105 insurance companies, 100 securities companies, 61 trust companies, 4 assets management companies, and 15 other companies. The total assets of the 500 companies hit RMB 129.84 trillion, up by 17% over 2011.
In contrast with the last year, 215 banks enter into the ranking of China Top 500, 38 more than that of the last year (177), and the total assets reach RMB 118.28 trillion, up by 17.50% over 2011, which account for 91.10% of the total assets of the 2012 China Top 500 Financial Institutions.
The threshold for the top 100 is a total of assets reaching RMB 80 billion. In this ranking, banks account for 78 of the top 100, 2 less compared with the figure in 2011.