In the Top 1000 World Banks 2011 ranking recently released by The Banker of the UK , Bank of China moves to No.9, up by 5 places from 2010, with its total Tier 1 capital held of USD 94.579 billion, becoming one of the three Chinese banks in the global Top 10. In rankings based on the net profit, Bank of China ranks No.4 in the world and No.3 of all the Chinese banks.
Owned by the UK's Financial Times Group, The Banker is one of the world-famous magazines specialized in the finance and banking industry. Based on its database of more than 4000 banks from around the world, it publishes the Top 1000 World Banks Ranking annually upon a thorough analysis of each bank's Tier 1 capital, profitability and performance against interbank competition. The ranking has become a key index to measure the comprehensive strength of all banks in the world.
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