China
From Chinese media
ICBC is world' most profitable bank
Updated: 2011-07-04 14:10
By Cai Muyuan (chinadaily.com.cn)
Three banks in China 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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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.
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