Brand Finance noted that ICBC is not an isolated case. China Construction Bank and Bank of China are also growing strongly (by 17% and 13% respectively) and outpacing western banks.<\/p>\n “China\u2019s banks have a number of common attributes that help to explain these impressive results. The first is scale; China\u2019s vast population and the growing prosperity of its citizens create a huge market for its major banks.<\/p>\n “China\u2019s economy and businesses across all sectors are growing rapidly, expanding both organically and through a strong demand for foreign acquisitions, creating opportunity for its lenders and financial service providers,” the consulting firm said.<\/p>\n South African banks feature prominently on the list, headed by Standard Bank, while SA darling, Capitec climbed 36 spots from 2016. Investec also showed good progress from 2016.<\/p>\n Absa meanwhile, climbed above First National Bank on the global list, having shown remarkable recovery over the past five years.<\/p>\n The most valuable banks in South Africa:<\/strong><\/p>\n Two local banks feature strongly on the list of most powerful banking brands based on Brand Finance\u2019s Brand Strength Index (BSI).<\/p>\n In order to determine the strength of a brand, the business valuation consultancy developed the BSI by analysing marketing investment, brand equity (the goodwill accumulated with customers, staff and other stakeholders) and finally the impact of Each brand is assigned a BSI score out of 100, which is fed into the brand value calculation.<\/p>\n FNB and Capitec rank in the top 10 most powerful banking brands in the world.<\/p>\n The 10 Most Powerful Banking Brands:<\/strong><\/p>\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2017\/02\/Banks500.png\")
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\n 2016<\/th>\n 2017<\/th>\n Bank<\/th>\n 2016 Brand Value ($m)<\/th>\n 2017 Brand Value ($m)<\/th>\n<\/tr>\n \n 134<\/td>\n 130<\/strong><\/span><\/td>\n Standard Bank<\/td>\n 1 319<\/td>\n 1 512<\/strong><\/td>\n<\/tr>\n \n 158<\/td>\n 144<\/strong><\/span><\/td>\n Absa<\/td>\n 1 016<\/td>\n 1 335<\/strong><\/td>\n<\/tr>\n \n 154<\/td>\n 157<\/strong><\/span><\/td>\n FNB<\/td>\n 1 050<\/td>\n 1 160<\/strong><\/td>\n<\/tr>\n \n 173<\/td>\n 166<\/strong><\/span><\/td>\n Investec<\/td>\n 900<\/td>\n 1 004<\/strong><\/td>\n<\/tr>\n \n 170<\/td>\n 182<\/strong><\/span><\/td>\n Nedbank<\/td>\n 934<\/td>\n \u00a0934<\/strong><\/td>\n<\/tr>\n \n 347<\/td>\n 311<\/strong><\/td>\n Capitec<\/td>\n 280<\/td>\n \u00a0367<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\nthose on business performance.<\/p>\n