Metropol Copenhagen in September 14, 2010 — If you se the TOP10 banks there is a drop in assets for around 3.2 trillion $. The total assets of the top 50 of the biggest banks as a whole budged at $61.8 trillion. This has made some changes compared to the last year TOP 50 LIST of the biggest banks in the world. This years annual ranking of the World’s 50 Biggest Banks is measured again by total assets.
Company formations is a lot easier, credit is the hard part
The good news is that they have better numbers and can look forward to better times as well. Nearly all but a handful of the banks, at the top of the Global Finance World’s Biggest Banks list, have seen their assets fall over the past year as much as $3.2 trillion which is directly the number of which their combined balance sheet gives as a minus. Just to give an idea of the severity of the carnage at the top of the table. It also appears that the looser here are all new companies and upstarts, since most credit giving is around zero since the start of the crisis.
As a developer and finance partner Metropol International offers international financing. It is more or less the role of the banks we have been given, due to the banks extreme credit ratings. As a partner we can offer Factoring and Financing of a credit, of equipment or a total finance of every order you may have.
China is the winner of the crisis
There are some winners and these mainly comes from China. China’s banks are continuing their march up in the ranks. China now has six banks among the world’s 50 biggest banks. These 6 banks is accounted for $6.9 trillion. Notice that this is more than 10% of the assets of the top 50. China’s biggest bank, ICBC which is one of our 3 partners in China, rocketed up the league this year from number 18 to number 11.
My suggestions is that we next year in 2011 or the latest 2012 will see ICBC as a TOP 10 winner. While many Arab Banks dominate in the US as much as 10% of the total revenue of all USA together, we see that mainly the French, German and British banks is dominating the world. Many Switzerland banks has left the list during the years, as the tradition of moving to banks in other EU countries and to Delaware and Panama.
Northern Europe, Germany and Scandinavia has a strong finance sector
In our local market we have 2 partners out of 3 in the Nordic markets, which is on the list, it is Nordea A/S (SWEDEN) as number 35 and Danske Bank (DENMARK) as the number 40 of the world biggest banks. Even so the crisis is hard to almost all financial markets, the Scandinavian banks are doing well compared to rest of the list. Compared to population of Scandinavia, it is good to see two Scandinavian banks on the list.
The list and bold is formation partners
Here is the list… The banks in BOLD are our partners. We have 16 partners of 27 in total which is on the TOP50 list. By Choosing one of “our” banks we can supply you with bank accounts, online banking, credit cards for your company or privately.
||Bank||Country||Total Assets ($b)||Statement Date|
|2||Royal Bank of Scotland Group||United Kingdom||2,747||12/31/09|
|3||HSBC Holdings||United Kingdom||2,364||12/31/09|
|6||Bank of America||United States||2,223||12/31/09|
|7||Mitsubishi UFJ Financial Group||Japan||2,196*||3/31/10|
|9||JPMorgan Chase||United States||2,032||12/31/09|
|11||Industrial and Commercial Bank of China (ICBC)||China||1,726*||12/31/09|
|13||Lloyds Banking Group||United Kingdom||1,664||12/31/09|
|14||Mizuho Financial Group||Japan||1,637||3/31/10|
|18||China Construction Bank China||China||1,409*||12/31/09|
|20||Agricultural Bank of China||China||1,301**||12/31/09|
|22||Bank of China||China||1,281*||12/31/09|
|23||Sumitomo Mitsui Financial Group||Japan||1,281||3/31/10|
|24||Wells Fargo||United States||1,244||12/31/09|
|27||Credit Suisse Group||Switzerland||1,001||12/31/09|
|30||Goldman Sachs||United States||849*||12/31/09|
|32||Morgan Stanley||United States||772*||12/31/09|
|33||Banco Bilbao Vizcaya Argentaria (BBVA)||Spain||771||12/31/09|
|36||China Development Bank||China||665*||12/31/09|
|38||Royal Bank of Canada||Canada||608||10/31/09|
|39||Banque Féderative du Crédit Mutuel (BFCM)||France||606||12/31/09|
|43||National Australia Bank||Australia||576||9/30/09|
|45||Commonwealth Bank of Australia||Australia||539||6/30/10|
|47||Hypo Real Estate Holding||Germany||518||12/31/09|
|50||Bank of Communications||China||485*||12/31/09|
Source is Fitch Ratings except. *=Standard & Poor. **Agricultural Bank of China
Prepared in English by Steen Clausen (C) COPYRIGHT 2010 by MetropolInternational.com