皇冠体育app

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ICBC is world's most profitable bank

By Cai Muyuan (chinadaily.com.cn)
Updated: 2011-07-04 14:10
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Three banks in 皇冠体育app have jumped into the top ten ranking of the world's best 1,000 banks, according to the UK magazine Banker.

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Industrial and Commercial Bank of 皇冠体育app (ICBC) ranked sixth, followed by 皇冠体育app Construction Bank Corp in eighth place and Bank of 皇冠体育app at nine, Securities Daily reported Monday.

The top four banks are Bank of America, JP Morgan Chase & Co, HSBC Holdings and Citigroup, according to the news report.

ICBC became the world's most profitable bank with a net profit of $32.5 billion last year.