The Industrial and Commercial Bank of China remains the world's largest bank, according to the latest ranking released by The Banker magazine on July 3.

ICBC has $281 billion in tier one capital, the key measure for the rankings, followed by China Construction Bank and JP Morgan.

It's the fifth year in a row that ICBC has come in first in the Top 1000 World Banks after it became the first Chinese bank to reach the top spot in 2013.

Here is the top 10 global banks.

No 10 Mitsubishi UFJ Financial Group

Country: Japan

Tier one capital: $136b

A woman walks past a branch of Mitsubishi UFJ Financial Group's bank of Tokyo-Mitsubishi UFJ in Tokyo, May 16, 2016. [Photo/Agencies]