Best Retail Bank in China 2023 is China Construction Bank
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Best Retail Bank in China
The winning bank stood out in the market by effectively growing one of the largest retail customer bases in the country, with balanced financial performance, risk control and customer experience. The bank’s fintech capability is the front runner in the industry in China.
In the first half of 2022, retail revenue grew by 7%, with return on equity at 14%, and retail non-performing loan ratio at 0.4%. In 2022, the bank also open-sourced its cloud capabilities and now provides 10 services including core banking, and data storage and computing via public cloud.
For growing its large retail business base at a rapid pace, the Best Retail Bank in China is China Construction Bank.