Chinese, Japanese lenders top list of largest Asia-Pacific banks by assets

BEIJING - China- and Japan-based institutions account for more than two-thirds of the 25 largest banks by pro forma assets in the Asia-Pacific region, according to US-based SNC Financial. Beijing-based Industrial & Commercial Bank of China Ltd. takes the title of largest bank in the region with total assets of US$2.953 trillion at March 31. The bank also recently topped the list of largest banks in the region by market cap.