50 largest banks in the world by assets

Last updated on January 8th, 2023 at 09:23 pm


We are going to take a look at 50 biggest banks in the world based on their assets, strong credit growth and S&P Global Market Intelligence’s annual global bank ranking shows.

Banks from China dominate the list as the world’s biggest bank taking into consideration the annual economy and the trade surplus of the Heavenly Empire.

Before we dive into the list of biggest banks in the world we need to take a look at the meaning of banks…. As a financial institution licensed to receive deposits and provide financial services such as loans,wealth management, currency exchange, and safe deposit boxes.

Banks can be seen conducting business activity of accepting and safeguarding money owned by other individuals and entities, lending out this money in order to conduct economic activities such as making profit or simply covering operating expenses.They also offers savings and checking accounts, certificates of deposit, loans and similar services such as underwriting of stock offers, brokerage, and M&A advisory.

Two of the most common types of banks are commercial/retail and investment banks. Depending on type, a bank may also provide various financial services.

Commercial / retail banks offer various services including managing money deposits and withdrawals, providing basic checking and saving accounts, certificates of deposit, issuing debit and credit cards to qualified customers, supplying short-and long-term loans such as car loans, home mortgages or equity line of credits.

Investment banks on the other hand provide services such as merger and acquisition activity and underwriting among other investment services.

The top 50 banks include 20 Chinese banks, 10 US banks, 6 UK banks, 6 French banks, 9 Japanese banks, 6 German banks, 5 Canadian banks, 5 South Korean banks, 5 Brazilian banks, 4 banks from Australia, 3 from Sweden, 3 from Italy, 3 from Spain, 3 from Netherlands, 2 from Singapore and 2 banks from Switzerland.


List of biggest bank in the world

1. Industrial and Commercial Bank of China

Industrial and Commercial Bank of China (ICBC) is the largest bank in the world with assets of 26.087 trillion yuan  (US$4.32427 trillion). It  was founded in the year 1984, Beijing, China,  It’s Revenue (TTM): $123.6B, Net Income (TTM): $45.3B and Market Cap: $231.8B.

The bank is listed on Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited. The bank has around 8000 corporate and 650M personal customers. It provides all types of banking and financial services such as loans, wealth management, mortgages, and so on.

2. China Construction Bank

China Construction Bank is the second biggest bank in the world.It’s total assets is $4,354.87.It provides E-Banking Service , Long Credit Card , Personal Loans ,Securities and other financial service.It was founded in 1954, Beijing, China.

The bank is listed on Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited. The bank has around 3.48M corporate and 314M personal customers

3. Agricultural Bank of China

Agricultural Bank of China (ABC) is the third biggest bank in the world with a total assets of $4,214.06 bln. Is one of the “Big Four” banks in the People’s Republic of China. It was founded on July 10, 1951, and has its headquarters in Dongcheng District, Beijing.

Agricultural Bank of China has a Total Branches OF 23,610 with a total Revenue (TTM): $89.7B, Net Income (TTM): $30.9B and Market Cap: $131.5B

They provide service such as personal service: Deposit, Loan, Debit Card, Settlement and Credit Card: Corporate Financing and Credit Payment and Settlement Cash Management and Trading as well Agro-related Personal , Agro-related Corporate and SMEs in County Areas.

4. Bank of China

Bank of china is the 4th largest bank in the world with 3,11,000 employees and a total assets of $4,073.92 billion. This bank operates in 27 countries.The bank was founded in the year 1912 and was founded by Chen Jintao in Beijing, China with Revenue (TTM): $79.4B
Net Income (TTM): $27.2B and Market Cap: $109.1B

5. JPMorgan Chase

As a multinational bank and financial services, JPMorgan Chase is responsible for commercial retail, retail banking, and card services for everyday consumers.It also involved in corporate lending, asset management, wealth management, and investment and consumer banking, among other offerings.

The bank is located in United States of America with an assets of $3,684.25 billion, Revenue (TTM): $114.6B, Net Income (TTM): $36.4B and Market Cap: $280.1B. The bank stock is quoted in New York Stock Exchange.


HSBC is the largest bank in Europe and 6th largest globally with an asset of $2,984.16 billion. It is British multinational bank and is headquartered in 8 Canada Square London, England, UK. It has around 3800+ branches in 64+ countries.

7. Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group is Japan’s largest financial group and the world’s second largest bank holding company holding has total assets of $2,892.97billion, is a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan.

8. Bank of America

The bank of America total assets is $2,820.00billion. It offers services for individual clients and businesses of all sizes. Besides deposit and checking accounts through its Consumer Banking branch, Bank of America provides a variety of commercial and wealth management services through its Global branches as well.

Bank of America Revenue (TTM)is $91.2B, Net Income (TTM): $27.4B and Market Cap of $188.5B



Other on the list are:

9. BNP Paribas

The French international banking group, founded in 2000 from the merger between Banque Nationale de Paris and Paribas. bnp paribas total assets is around 2.6 trillion EUR

10. Crédit Agricole

11. Japan Post Bank

12. SMBC Group: it’s Japanese multinational banking and financial services institution with total assets of $1,954.78 billion

13. Citigroup Inc.Is a america multinational bank with total assets of $1,951.16 billion

14. Wells Fargo: Wells Fargo offers an array of financial services for individual and corporate clients with assets of $1,927.26 billion located in united states of America.
15. Mizuho Financial Group
16. Banco Santander
17. Société Générale
18. Barclays
19. Groupe BPCE
20.Postal Savings Bank of China

21. Deutsche Bank
22. Bank of Communications
23. Goldman Sachs
24. Royal Bank of Canada
25. Lloyds Banking Group
26. Toronto-Dominion Bank
27. China Merchants Bank
28. Intesa Sanpaolo
29. Norinchukin Bank
30. ING Group


31.Industrial Bank (China)
32.Crédit Mutuel
33. UBS
34. UniCredit
35.China Minsheng Bank
36. NatWest Group
37.Shanghai Pudong Development Bank
38.China CITIC Bank
39.Morgan Stanley

41.Credit Suisse
42.Banco Bilbao Vizcaya Argentaria
43.State Bank of India
44. Standard Chartered
45.Commonwealth Bank
46.China Everbright Bank
47.Bank of Montreal
49.Australia and New Zealand Banking Group
50..DZ Bank

Culled from wikipedia

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