All but one of the 20 largest banks in Asia-Pacific saw growth in their market capitalization during the quarter ended March 31, continuing the momentum from the previous quarter, as economic recovery from the COVID-19 pandemic persisted across the region.

Industrial & Commercial Bank of China Ltd. retained its top slot on the ranking list in the quarter after recording a 10.93% quarter-over-quarter growth in market cap to $290.24 billion, according to data compiled by S&P Global Market Intelligence. China Construction Bank Corp., China Merchants Bank Co. Ltd., Agricultural Bank of China Ltd. and Bank of China Ltd. saw their market cap grow 11.32%, 17.13%, 8.27% and 6.66%, respectively, and kept their positions on the list.

Postal Savings Bank of China Co. Ltd. posted the highest

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