TITLE

THE TOP BANKS

AUTHOR(S)
Viebranz, Joan C.
PUB. DATE
November 1989
SOURCE
Fortune;Fall1989 Asia in the 1990's, Vol. 120 Issue 13, p135
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article informs about the 25 largest banking corporations in Asia. These 25 banks, ranked by assets, are the biggest in the region, and 23 are Japanese. The others are the government-owned financial institution, Bank of China--ranked as number 18--and Hong Kong & Shanghai Banking Corp. Ltd.--ranked as number 21. The assets of Japan's top ten banks have grown 62% since 1986 to $2.9 trillion, and only partly because of the appreciation of the yen, Japan's national currency. The rest of the growth has come through acquisitions and aggressive expansion. By contrast, the ten largest U.S. banks have assets totaling $859.1 billion.
ACCESSION #
18022287

 

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