The Traderszone Network

Published in TZ Latest News 28 June, 2015 by The TZ Newswire Staff

China’s banks dominate rankings for profits, strength

China’s banks are strengthening their position as the best capitalized and biggest profit makers in the world, a study showed on Monday. Chinese banks filled the top four spots for profits across the industry in 2014 after making more than $180 billion between them, according to The Banker magazine’s annual rankings of profits and capital strength. Industrial and Commercial Bank of China’s (ICBC) $59.1 billion profit last year topped the rankings, ahead of China Construction Bank , Agricultural Bank of China (Agbank) and Bank of China .