According to the news released by the website of Forbes (Biweekly) of US on February 12, the list of the world’s 100 biggest banks was released freshly. As shown in the statistics of SNL Financial LC of US, according to the International Financial Reporting Standards (IFRS), Industrial Bank (IB) ranked No. 47 in the list of the world's 100 biggest banks with its assets totaling USD 593.65 billion, and No. 2 among the ranked Chinese joint-stock commercial banks.
In recent years, IB has kept pushing business transformation, reform of business line specialization, and group-based business operation, improving its overall strength and brand influence constantly. As revealed in IB's third quarter report of 2013, the total assets of the Bank hit RMB 3.63 trillion by the end of September 2013. Not long ago, IB was ranked No. 50 in the 2013 list of world's banks released by the British The Banker in terms of total assets.
As shown in the list announced by SNL Financial LC, China has the largest number of big banks, with 14 of the top 100 based in the country, and 3 making the top 10 of the list. Next is the US, which has 10 of the top 100. Of them, JPMorgan Chase makes the top 10 of the list, with its assets totaling USD 2.463 trillion.
SNL Financial LC is a leading financial information supplier in the world, with business covering many industries such as banking, financial services, and insurance. The data used by Forbes in the annual appraisal of the 100 largest banks of the United States are provided b the company. The financial database of the company is one of the most influential financial information databases in the world.