PETALING JAYA: HSBC has jumped from third to first place in the latest annual Banker magazine survey of the world’s top 1,000 banks.
HSBC Holdings plc said in a statement it was the first non-US company to lead the survey since 1999 and topped the rankings by virtue of its tier-1 capital and pre-tax profit, which last year reached a new high.
The survey found that US banks now accounted for just 14% of aggregate Top 1000 pre-tax profits, down from 24% last year, while Asian banks’ contribution rose to 19% from 12%, it said.
European bank profits remained flat at 41% of the total.
HSBC also said in April it topped the Forbes 2000 list of world’s largest companies – the first non-US company to do, having registered 26% growth in annual revenue and 31% in net income over the past five years.
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