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Only One Indian Bank among Top 17 BRIC Banks
China –
China has the most number of banks in the Top 17 BRIC banks list. It has 10 banks which are present in the list. These banks are positioned based on their asset values. The top banks are as follows - Industrial & Commercial Bank of China - $2,032,134 million ; President - Yang Kaisheng, China Construction Bank Corporation - $1,632,263 million; Chairman - Wang Hongzhang, Bank of China - $1,579,348 million; Chairman - XIAO Gang, Agricultural Bank of China - $1,568,722 million; Chairman - Xiang Junbo, China Development Bank - $771,729 million; President - Jiang Chaoliang and Bank of Communications - $596,656 million; Chairman - Hu Huaibang. Though surprising, China’s growth in the banking sector has been tremendous mostly because of tight governmental control. Since, majority of the Chinese banks on the list are controlled by the government, there is better management and administration.
