Chinese state-owned banks continue to dominate the list of largest Asia-Pacific banks by market capitalisation, according to data compiled by financial information firm SNL Financial.
The top four spots are taken by Industrial & Commercial Bank of China (with market capitalisation of US$275 billion), followed by China Construction Bank, Bank of China and Agricultural Bank of China.
However, Commonwealth bank of Australia (with market capitalisation of US$115 billion) is fifth and the other Big Four Australian banks also slot into the list of top ten most valuable banks in the Asia Pacific region.
CBA is followed by Westpac, worth US$93.5 billion, in sixth place. ANZ is at eighth place with US$77 billion and the National Bank of Australia holds tenth spot with US$70 billion.
For the Japanese banks, Mitsubishi UFJ Financial Group, claims seventh spot with market value of US$87 billion.
The survey shows shares with the highest valuation on the list belong to Mumbai-based HDFC Bank, which was at 498 per cent of its book value as of 31 March. Ranked by market value, the company is number 17, worth US$41 billion.
The second and third most impressive valuations are taken up CBA and Westpac (305 and 252 per cent of price to book earnings, respectively)
In total, 11 banks based in China, four in Australia, three each in Japan and India, along with two each in Hong Kong and Singapore, make the list.
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