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 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
|1||Industrial and Commercial Bank of China||3,475.34|
|2||China Construction Bank Corporation||3,018.40|
|3||Agricultural Bank of China||2,817.74|
|4||Bank of China||2,613.12|
|5||Mitsubishi UFJ Financial Group||2,597.96|
|6||JPMorgan Chase & Co.||2,490.97|
|7||HSBC Holdings PLC||2,374.94|
|9||Bank of America||2,187.70|
|10||Wells Fargo & Co.||1,889.24|
|11||China Development Bank||1,904.34|
|13||Japan Post Bank||1,807.84|
|15||Mizuho Financial Group||1,757.88|
|17||Sumitomo Mitsui Financial Group||1,654.00|
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. 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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