Earlier this year The Banker magazine published its annual ranking of the world’s top banks. The graphic below lists the top 25 Asian banks (excluding China and Japan) based on their Tier 1 capital:

Four Australian banks take the top four spots followed by Singapore’s DBS Bank (OTC: DBSDY). Two other Singapore banks are also in this list. Despite having a large economy, India is represented by just three banks.  Compared to India, the smaller countries of Taiwan, Malaysia and Singapore all have three banks in this ranking of Asia’s top 25 banks.