Top 10 Banks by Market Capitalization in Asia: BCA Makes the List

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Cindy Mutia Annur 06/09/2023 18:50 WIB

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BCA enters the list of 10 banks with the largest market capitalization in Asia, according to Companies Market Cap. The Indonesian private bank's market capitalization reached US$74.04 billion as of S

Top 10 Banks by Market Capitalization in Asia (September 6, 2023)

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Top 10 Banks by Market Capitalization in Asia (September 6, 2023)

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Bank Central Asia (BCA) ranks among the top 10 banks in Asia with the largest market capitalization, according to Companies Market Cap data.

As of September 6, 2023, the Indonesian private bank's market capitalization reached US$74.04 billion, or approximately Rp1,132.36 trillion (using an exchange rate of Rp15,294/US$).

This places BCA's market capitalization at 10th in Asia. BCA's market cap is below that of Al Rajhi Bank, a Saudi Arabian banking institution with a market capitalization of US$76.72 billion.

According to Companies Market Cap data, BCA's market capitalization has shown a consistent upward trend since the COVID-19 pandemic. Compared to its position at the end of last year, BCA's market capitalization as of September 6, 2023, has increased by 10.29% year-to-date (YTD).

Meanwhile, the Industrial and Commercial Bank of China (ICBC) holds the top position as the bank with the largest market capitalization in Asia. Its market capitalization is recorded at US$214.08 billion.

Besides ICBC, four other Chinese banks are included in the list of the top 10 banks in Asia by market capitalization: Agricultural Bank of China, China Construction Bank, Bank of China, and CM Bank.

Here is a complete list of the top 10 banks in Asia by market capitalization as of September 6, 2023:

1. ICBC (China): US$214.08 billion
2. Agricultural Bank of China (China): US$162.74 billion
3. HDFC Bank (India): US$157.33 billion
4. China Construction Bank (China): US$137.8 billion
5. Bank of China (China): US$136.06 billion
6. CM Bank (China): US$116.9 billion
7. Mitsubishi UFJ Financial (Japan): US$98.87 billion
8. ICICI Bank (India): US$82.28 billion
9. Al Rajhi Bank (Saudi Arabia): US$76.72 billion
10. Bank Central Asia (Indonesia): US$74.04 billion

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Top 10 Banks by Market Capitalization in Asia: BCA Makes the List

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