Top 20 Biggest Banks in the World!!!
The place where millions of dollars of transactions happen daily; a bank is a financial institution where people deposit money and receive loans.
But have you wondered which is the biggest bank in the world?
Let’s take a look at the biggest banks in the world by total assets!
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|
Rank |
Bank Name |
Total assets (US$ Billion) |
|
1 |
Industrial and Commercial Bank of China |
4,324.27 |
|
2 |
China Construction Bank |
3,653.11 |
|
3 |
Agricultural Bank of China |
3,572.98 |
|
4 |
JPMorgan Chase |
3,386.07 |
|
5 |
Bank of China |
3,270.15 |
|
6 |
HSBC |
2,984.16 |
|
7 |
Mitsubishi UFJ Financial Group |
2,892.97 |
|
8 |
Bank of America |
2,819.15 |
|
9 |
BNP Paribas |
2,398.01 |
|
10 |
Crédit Agricole |
2,278.79 |
|
11 |
Japan Post Bank |
1,984.62 |
|
12 |
SMBC Group |
1,954.78 |
|
13 |
Citigroup Inc. |
1,951.16 |
|
14 |
Wells Fargo |
1,927.26 |
|
15 |
Mizuho Financial Group |
1,874.89 |
|
16 |
Banco Santander |
1,702.61 |
|
17 |
Société Générale |
1,522.05 |
|
18 |
Barclays |
1,510.14 |
|
19 |
Groupe BPCE |
1,501.59 |
|
20 |
Postal Savings Bank of China |
1,467.31 |
Biggest banks in the world
This list is based on the S&P Global Market Intelligence report of the 100 largest banks in the world.
20. Postal Savings Bank of China
Postal Savings Bank of China Co. Ltd (PSBC) is a commercial bank. It was founded in 2007.
The bank’s headquarters is in No.3 Financial Street, Beijing, China. The majority of its share is owned by the China Post group (68.92%).
This bank has the second largest number of branches in China. In 2016, it was the largest bank in the country.
The total assets of PSBC sum to $1,467.31 billion.
19. Group BPCE
Group BPCE ( Groupe Banque Populaire Caisse d’Eqargne) is a bank located in Paris, France. It was formed by the merger of CNCE and BFBP in 2009.
The private cooperative bank had a revenue of US$ 47.9 billion as of 2019.
BPCE serves nearly 40 million customers and has more than 8,200 branches nationwide. It is regarded as a systemically important bank by the financial stability board.
The total assets of Group BPCE add up to $1,501.s9 billion.
18. Barclays
Barclays plc is headquartered in London, England. The public limited company was founded on 17 November 1690 in the city of London.
Barclay’s operates as two divisions, Barclays UK (BUK) and Barclays International (BI).
The British multinational universal bank has over 4,750 branches in about 55 countries.
The group’s chairman is Nigel Higgins, who was appointed on 2 May 2019.
The total assets of Barclays total are $1,510.14 billion.
17. Societe Generale
Societe Generale S.A. (SocGen) is a French multinational investment bank. It is headquartered in Paris, France.
The bank was founded on 4 May 1864.
It employs around 196,000 people as of 2023.
The bank has a total asset of $1,522.05 billion.
16. Banca Santander
Banco Santander S.A. is based in Madrid and Santander in Spain. The bank was founded on 15 May 1857.
Banco Santander serves worldwide and is the largest bank of Spain and the fourth largest bank in Europe.
It is one of the systemically important banks by the Financial stability board.
Anna Patricia Botin is the group executive chairman of the bank.
Total assets of Banca Santander sum up to $1,701.61 billion.
15. Mizuho Financial Group
Mizuho Financial Group.Inc (MHFG/Mizuho) is based in the Otemachi district of Chiyoda, Tokyo, Japan. When it was founded, it was the largest bank in the world by total assets.
The public bank was founded in 2001.
The bank offers a bunch of financial services, including banking and securities. It employs more than 59,132 people in over 880 branches.
The total assets of Mizuho add to $1,874.89.
14. Wells Fargo
Wells Fargo and company is based in San Francisco, California, America. It was founded in 1929 in Minneapolis, U.S.
The company’s founders are Henry Wells and Henry Farge.
Wells Fargo serves worldwide and has over 7,000 branches as of 2023.
The bank’s total assets add up to $1,927.26 billion.
13. Citigroup. Inc
Citigroup.Inc (Citi) is an American Multinational bank. It is headquartered in New York City. It was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998.
The public limited bank serves across the world and employs over 210,000 people.
Citigroup is the third-largest banking institution in the U.S. It is one of the global investment banks in the Bulge Bracket.
The total asset of Citi sums up to $1,951.15 billion.
12. SMBC Group
Sumitomo Mitsui Banking Corporation Group is headquartered in Yurakucho, Tokyo, Japan. The public limited company was founded on June 6, 1996.
SMBC has a total of 463 branches and has over 103,000 employees as of March 2020.
The bank serves worldwide and provides services such as personal, corporate, and investment banking.
The chairman of the SMBC Group is Takeshi Kunibe.
The total asset of SMBC Group is $1,954.78 billion.
11. Japan Post Bank
Japan Post Bank Co, Ltd is a bank based in Tokyo, Japan. The subsidiary company was founded on 1 September 2006.
Its parent company is japan Post holdings which holds 88.99% of its shares.
The president of the company is Norito Ikeda.
It has approximately 120 million customer accounts and 24,000 branches.
The bank’s total assets sum up to $1,984.62 billion.
10. Credit Agricole
Credit Agricole Group is a cooperative bank based in Montrouge, France. It is a worldwide bank.
The chairman of the bank is Domonique Lefebvre. It has six subsidiaries, including Amundi and BforBank.
The bank has a revenue of $31.61 billion. Credit Agricade employs around 142,000 people.
The total asset of Credit Agricole adds up to $2,278.79 billion.
9. BNP Paribas
BNP Paribas S.A. is a public company headquartered in Boulevard des Italiens, Paris, France. It serves worldwide.
The bank was formed through the merger of BNP in 2000; however, its corporate identity dates back to 1848 as French National Bank.
The worldwide bank’s chairman is Jean Lemlere, and CEO is Jean- Laurent Bonnafe.
BNP Paribas has 202,624 employees. It operates in 72 countries across five continents.
The total asset of BNP Paribas sums up to $2,398.01 billion.
8. Bank of America
The bank of America was founded in 1998 by the merger of Bank of America and NationsBank. Amadeo Grannini and Hugh McColl founded it.
It is the second-largest banking institution in the United States. Its primary financial services include commercial banking and investment banking.
Bank of America’s headquarters is in Charlotte, North Carolina (for corporate) and New York ( for investment banking).
The worldwide bank has over 4,600 retail financial centers. It contracts around 213,300 people.
The total asset of Bank of America is $2,819.15 billion.
7. Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group (MUFG) is a Japanese bank headquartered in Yukracho, Chioda, Tokyo, Japan. It is a public bank.
The worldwide bank was founded on October 1, 2005, by the merger of Mitsubishi and UFJ holdings. Its chairman is Kanetsugu Mike, and its CEO and president is Hironori Kamezawa.
168,400 employees work here as of 2020. It generates a revenue of $41000 million.
MUFG has eight subsidiaries, including a Banking corporation and MYFG Union Bank.
The total asset of MUFG is $2,892.97.
6. HSBC
HSBC Holdings plc is the second largest bank in Europe. It is a public limited company headquartered in Canar Whart, London. It was first founded on 3 March 1865. Sir Thomas Sutherland founded it.
It has over 15 subsidiaries, including HSBC Finance and HSBC Sri Lanka. HSBC branches in 65 countries and has over 3,960 offices as of 2020.
The total asset of HSBC sum up to $2,984.16 billion.
5. Bank of China
The bank of China is a state-owned enterprise. It was founded in 1912 by Chen Jintao. It is headquartered in Beijing, China.
Its president is Liu Linage, who is also the chairman of the board.
The Government of China owns the bank. It has two subsidiaries.
The company employs over 311,000 people and operates in 27 countries.
The total asset of the Bank of China is $3,720.15 billion.
4. JP Morgan Chase
JP Morgan Chase and co. is a public bank founded on December 1, 2000. The company’s headquarters is in New York City, U.S.
The founders of the bank are John Pierpont Morgan, John Thompson, Balthazar, and Aaron Burr.
The company has three subsidiaries. It employs over 255,351 people. JP Morgan Chase generates revenue of $119.54 billion.
The total asset of the bank is 3,386.07 billion.
3. Agricultural Bank of China
Agricultural Bank of China (AgBank) is one of the four biggest banks in China. It is headquartered in Beijing, China.
The bank was founded on July 10, 1951. The president of the bank is Zhao Huan. Central Huijin owns the major part of its shares; they own 40.42% of its shares.
AgBank has a total revenue of $153.9 billion. The bank employs over 467,631 people as of 2020.
It has 2.7 million corporate clients, 320 million retail customers, and nearly 24,000 branches.
The total asset of the Agricultural Bank of China is $3,572.98.
2. China Construction Bank
China Construction Bank is a public bank headquartered in Beijing, China. It was founded on 1 October 1954.
It was established as a joint-stock commercial bank in September 2004 due to a separation procedure undertaken by its predecessor, China Construction Bank, under the PRC Company Law.
The company’s chairman is Wang Hozhang, and its president is Zhang Jianguo. The Government of China owns it. It is regarded as a systemically important bank by the Financial Stability Board.
China Construction Bank has approximately 13,629 domestic branches. It employs over 345,971 people.
The total asset of China Construction bank is $3,653.11 billion.
1. Industrial and Commercial bank of China
Industrial and Commercial bank of China is a state-owned enterprise founded in Beijing, China, in 1984. Its headquarters is too located in Beijing, China.
Chen Siqing is the chairman, and Gu Shu is the chief executive officer of the bank. The Chinese Central Government owns the majority of its share.
The bank manages over 22,938 branches in China and 13 overseas branches. Moreover, it employs over 453,048 people worldwide.
The company has over 8.1 million corporate customers and 650 million personal customers across the world.
The Industrial and Commercial Bank of China has a total asset of $4,324.27.
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