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

Top Banks by Costs As % Of Income
Banking | China | October 14, 2019
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Excel Sheet

Based on a comparison of 18 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
Home Credit China % 60.1 45.8 45.0 46.2 45.0
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
Lexin FinTech % ... ... ... ... 802 74.0
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
PPDAI Group % ... ... ... ... 169 78.3
Qudian % ... ... ... 359 315 29.2
Shanghai Pudong Development Bank % 36.7 34.2 30.6 28.5 25.9