High Life The List Of Largest Banks In The World

The List Of Largest Banks In The World

Due to their importance in the financial stability of a country, banks are highly regulated in most countries. Basically, a bank is the financial institution that accepts deposit from the public and creates credit. Here is the list of the banks in the world, measured by total assets:

Industrial and Commercial Bank of China

Industrial and Commercial Bank of ChinaIndustrial and Commercial Bank of China
Source: Recruitment, Result

Industrial and Commercial Bank of China is a government owned bank and by far the largest bank in the world on asset value. As of June 2015, the bank had an asset value of US$ 3,616.39 billion.

China Construction Bank Corporation (CCB)

China Construction Bank Corporation is the second largest bank in the world on asset value.  CCB has a total asset of US$ 2,939.15 billion.

Agricultural Bank of China (ABC)

Agricultural Bank of China (ABC) is the third largest bank in the world.  In 2015 ABC was ranked third by Forbes as the most valuable company with an asset value of US$ 2,816.60 billion.

Bank Of China

Bank of China is the oldest bank in mainland China still in existence. It is the 5th largest bank in the world by market capitalization value. It has a total asset of US$ 2,613.12.

Rank Bank name Total assets
(US$ billion)
1 China Industrial and Commercial Bank of China 3,475.34
2 China China Construction Bank Corporation 3,018.40
3 China Agricultural Bank of China 2,817.74
4 China Bank of China 2,613.12
5 Japan Mitsubishi UFJ Financial Group 2,597.96
6 United States JPMorgan Chase & Co. 2,490.97
7 United Kingdom HSBC Holdings PLC 2,374.94
8 France BNP Paribas 2,196.45
9 United States Bank of America 2,187.70
10 United States Wells Fargo & Co. 1,889.24
11 China China Development Bank 1,904.34
12 France Crédit Agricole 1,821.96
13 Japan Japan Post Bank 1,807.84
14 United States Citigroup Inc. 1,702.98
15 Japan Mizuho Financial Group 1,757.88
16 Germany Deutsche Bank 1,682.05
17 Japan Sumitomo Mitsui Financial Group 1,654.00
18 United Kingdom Barclays PLC 1,490.69
19 France Société Générale 1,461.76
20 Spain Banco Santander 1,416.16

Mitsubishi UFJ Financial Group

It is Japan’s largest financial group and is one of the main companies of the Mitsubishi group. MUFG holds assets of around US$ 2,597.96 billion.

JPMorgan Chase & Co.

JPMorgan Chase & Co.
Source: The Huffington Post

JPMorgan Chase & Co. is the largest bank in the United States. It is the world’s sixth-largest public company based upon a composite ranking. It has a total asset of US$ 2,490.97.

HSBC Holdings PLC

HSBC Holdings PLC is a British multinational banking and financial services. It has around 4,000 offices in 70 countries. It holds assets of around US$ 2,374.94 billion.

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