Export Development Bank of Iran managed to stand at 514th position among top 1,000 world banks, according to the latest ranking issued by the Banker magazine in July. Banks are ranked based on ‘’Tier One Capital Ratio’’ which is the ratio of a bank’s core equity capital to its total risk-weighted assets, Banker news website reported on Monday. Based on the same criteria, EDBI ranks fourth inside the country, after Saderat, Pasargad and Maskan banks. International banks including Industrial and Commercial Bank of China, China Construction Bank and JP, Morgan Chase & Co. ranked as the best lenders, respectively, according to the report. As one of the world’s leading financial publications, the Banker magazine releases every year in July a list of top 1,000 banks in the world since 1970.
