What Banks in China Were the Most Cost Efficient in 2018?

Top Banks by Costs As % Of Income
Banking | China | October 30, 2019
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Excel Sheet

Based on a comparison of 14 banks in China in 2018, Qudian was the most cost efficient bank, followed by Shanghai Pudong Development Bank and Industrial & Commercial Bank of China.

Qudian's cost to income ratio reached 20.1% in 2018, down from 19.7% when compared to the last year. Historically, the bank’s costs reached an all time high of 315% in 2015 and an all time low of 19.7% in 2017.

When compared to total assets, bank's cost amounted to 1.39% in 2018, down from 5.80% a year earlier.

Comparing Qudian with its closest peers, Shanghai Pudong Development Bank operated in 2018 with a cost to income ratio of 26.8%, Industrial & Commercial Bank of China reached 28.4% and China Construction Bank some 29.8%.

You can see all the banks cost efficiency data on the Costs (As % Of Income) indicator page or you can download a report on the Chinese banks in the report section.

Costs (As % Of Income) Unit 2011 2012 2013 2014 2015 2016 2017 2018
Agricultural Bank of China % 42.6% 42.3% 42.6% 41.3% 38.7%
Bank of China % 43.2% 41.8% 38.5% 38.7% 35.0%
Bank of Communications % 38.5% 39.6% 39.6% 40.9% 40.2%
China CITIC Bank % 38.8% 38.6% 38.1% 35.5% 31.4%
China Construction Bank % 36.6% 36.6% 35.0% 35.1% 35.8%
China Everbright Bank % 37.6% 40.4% 37.8% 35.2% 32.4%
China Merchants Bank % 42.5% 40.7% 36.7% 33.6% 31.0%
China Minsheng Banking % 41.4% 38.8% 39.2% 37.2% 33.2%
Huaxia Bank % 94.8% 81.6% 87.7% 75.5% 60.1%
Industrial & Commercial Bank of China % 35.3% 34.6% 33.8% 32.3% 29.3%
Ping An Bank % 47.2% 47.4% 42.7% 37.4% 28.4%
Postal Savings Bank of China % ... 66.5% 67.6% 64.1% 63.3% 63.8%
Qudian % ... ... ... 359% 315% 29.2%
Shanghai Pudong Development Bank % 36.7% 34.2% 30.6% 28.5% 25.9%
AVERAGE % 44.7% 46.3% 44.9% 66.1% 60.7% 36.8% 37.2% 36.9%