Emerging economies are expected to play a strong role in providing stability to global economy. According to Global Finance (an international financial magazine) some of Asia's leading banks are introducing some sophisticated products and services to clients that are expected to fuel the growth, both locally and globally.
For instance, China's banks are continuing to move up the league tables. The country has six banks among the top 20 in emerging markets. Moreover, the BRIC countries dominate the top 20, with 17 banks.
Government-owned banks lead the market by size in the BRIC countries -- accounting for 50 per cent of total banking sector assets in China, 40 per cent in Brazil and Russia and reaching 70 per cent in India.
Here are the 20 biggest banks in Emerging Markets 2011.
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Only ONE Indian bank among BRIC's 20 best
Bank: Industrial & Commercial Bank of China
President: Yang Kaisheng
Total Assets: $2,032,134 million
Country: China
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Only ONE Indian bank among BRIC's 20 best
Bank: China Construction Bank Corporation
Chairman: Wang Hongzhang
Total Assets: $1,632,263 million
Country: China
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Only ONE Indian bank among BRIC's 20 best
Bank: Bank of China
Chairman: XIAO Gang
Total Assets: $1,579,348 million
Country: China
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Only ONE Indian bank among BRIC's 20 best
Bank: Agricultural Bank of China
Chairman: Xiang Junbo
Total Assets: $1,568,722 million
Country: China
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Only ONE Indian bank among BRIC's 20 best
Bank: China Development Bank
President: Jiang Chaoliang
Total Assets: $771,729 million
Country: China
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Only ONE Indian bank among BRIC's 20 best
Bank: Bank of Communications
Chairman: Hu Huaibang
Total Assets: $596,656 million
Country: China
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Only ONE Indian bank among BRIC's 20 best
Bank: Banco do Brazil
President: Aldemir Bendine
Total Assets: $481,179 million
Country: Brazil
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Only ONE Indian bank among BRIC's 20 best
Bank: Itau Unibanco
CEO: Roberto Setubal
Total Assets: $447,925 million
Country: Brazil
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Only ONE Indian bank among BRIC's 20 best
Bank: Banco Bradesco Brazil
Chairman: Lazaro de Mello Brandao
Total Assets: $378,150 million
Country: Brazil
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Only ONE Indian bank among BRIC's 20 best
Bank: China Merchants Bank
Chairman and Non-executive Director: Fu Yuning
Total Assets: $362,758 million
Country: China
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Only ONE Indian bank among BRIC's 20 best
Bank: China CITIC Bank
Chairman: Tian Guoli
Total Assets: $314,260 million
Country: China
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Only ONE Indian bank among BRIC's 20 best
Bank: Sberbank
CEO: Herman Gref
Total Assets: $ 283,117 million
Country: Russia
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Only ONE Indian bank among BRIC's 20 best
Bank: China Minsheng Banking Corporation
Managing Director & President: Hong Qi
Total Assets: $275,368 million
Country: China
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Only ONE Indian bank among BRIC's 20 best
Bank: State Bank of India
Chairman: Pratip Chaudhuri
Total Assets: $274,411 million
Country: India
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Only ONE Indian bank among BRIC's 20 best
Bank: Caixa Economica Federal
Chairman: Jorge Hereda
Total Assets: $237,640 million
Country: Brazil
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Only ONE Indian bank among BRIC's 20 best
Bank: Banco Santander-Brasil
CEO: Marcial Portela
Total Assets: $229,690million
Country: Brazil
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Only ONE Indian bank among BRIC's 20 best
Bank: Kookmin Bank
President and CEO: Min, Byong Deok
Total Assets: $224,989 million
Country: South Korea
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Only ONE Indian bank among BRIC's 20 best
Bank: China Everbright Bank
President: GUO, You
Total Assets: $224,064 million
Country: China
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Only ONE Indian bank among BRIC's 20 best
Photographs: Reuters/Lee Jae-Won
Bank:Woori Bank
CEO: Soon Woo Lee
Total Assets: $199,116 million
Country: South Korea
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Only ONE Indian bank among BRIC's 20 best
Photographs: Reuters/Lee Jae-Won
Bank: Shinhan Bank
CEO: Suh Jin-won
Total Assets: $185,740 million
Country: South Korea
(Note: Total Asset figures: Statement Date as of 31/12/2010)
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