The rank of the largest banks in the world by assets

In the past the banking sector in the world was dominated by the US banks, but in the last year’s everything has changed. The Chinese banks are now dominating the ranking of the world’s largest banks. Also, banks from other countries have become bigger, so they can now have a more important role in the global economy.

In this work, we are going to present the rank of the 122 largest banks in the world by total assets, which still remains today, one of the most widely used indicators for comparing banks with each other. Let’s now see the ranking of the world’s largest banks by assets in 2019.

The 122 largest banks in the world by assets in 2019

The top 122 banks include: 22 Chinese banks, 20 US banks, 7 French banks, 7 Japanese banks, 6 British banks, 6 German banks, 6 Canadian banks, 6 Canadian banks, 5 South Korean banks, 5 Brazilian banks, 5 Spanish banks, 4 Australian banks, 4 Swedish banks, 3 Italian banks, 3 Dutch banks, 3 Singaporean banks, 3 Belgian banks, 3 Swiss banks, 2 Danish banks, 2 Taiwanese banks, 1 Austrian bank, 1 Luxembourg bank, 1 Norwegian bank, 1 Qatari bank, 1 Russian bank and 1 Indian bank. The top 10 banks hold combined assets of about $ 29,15 Trillion and the top four are Chinese.

For the eighth year in a row, Industrial & Commercial Bank of China is the largest bank in the world with assets of 3,91 trillion of USD. It is also the world’s largest bank by deposits, loans, number of customers and employees. Four of the top 5 largest banks are Chinese financial institutions. In the second place is China Construction Bank Corp, followed by Agricultural Bank of China and Bank of China. Mitsubishi UFJ Financial Group is in the fifth place.

Rank	Name	Assets	Country
1	Industrial & Commercial Bank of China	3913	China
2	China Construction Bank Corp.	3382	China
3	Agricultural Bank of China	3293	China
4	Bank of China	3242	China
5	Mitsubishi UFJ Financial Group	2847	Japan
6	JP Morgan Chase & Co	2727	USA
7	HSBC Holdings	2659	UK
8	Bank of America	2396	USA
9	China Development Bank	2357	China
10	BNP Paribas	2333	France
11	Credit Agricole	2221	France
12	Citigroup	1988	USA
13	Wells Fargo & Co	1923	USA
14	Sumitomo Mitsui Financial Group	1862	Japan
15	Mizuho Financial Group	1845	Japan
16	Banco Santander	1700	Spain
17	Deutsche Bank	1614	Germany
18	Barclays	1585	UK
19	Societe Generale	1578	France
20	Groupe BPCE	1522	France
21	Postal Savings Bank of China	1466	China
22	Bank of Communications	1440	China
23	Lloyds Banking Group	1066	UK
24	Royal Bank of Canada	1059	Canada
25	Toronto-Dominion Bank	1059	Canada
26	China Merchants Bank	1047	China
27	ING Groep NV	1028	Netherlands
28	Norinchukin Bank	1006	Japan
29	Industrial Bank	985	China
30	Credit Mutuel	980	France
31	Shanghai Pudong Development Bank	970	China
32	UBS Group AG	969	Switzerland
33	UniCredit	950	Italy
34	Goldman Sachs	945	USA
35	Intesa Sanpaolo	942	Italy
36	Royal Bank of Scotland	937	UK
37	China Citic Bank Corp.	932	China
38	China Minsheng Banking Corp.	923	China
39	Morgan Stanley	900	USA
40	Bank of Nova Scotia	804	Canada
41	Banco Bilbao Vizcaya Argentaria	784	Spain
42	Credit Suisse Group	782	Switzerland
43	Commonwealth Bank of Australia	720	Australia
44	Standard Chartered Plc	713	UK
45	European Investment Bank	700	Luxembourg
46	Rabobank Group	690	Netherlands
47	Australia & New Zealand Banking Group	688	Australia
48	China Everbright Bank	677	China
49	Nordea Bank	663	Sweden
50	DZ Bank AG	637	Germany
51	Westpac Banking Corp.	635	Australia
52	Bank of Montreal	632	Canada
53	KfW Group	590	Germany
54	National Australia Bank	583	Australia
55	Commerzbank AG	572	Germany
56	Natixis	566	France
57	State Bank of India	561	India
58	DBS Group Holdings	553	Singapore
59	Danske Bank	548	Denmark
60	Resona Holdings	545	Japan
61	Ping An Bank	497	China
62	Canadian Imperial Bank of Commerce	484	Canada
63	U.S. Bancorp	482	USA
64	Shinhan Financial Group	477	South Korea
65	Cassa Depositi e Prestiti	468	Italy
66	CaixaBank	453	Spain
67	Sberbank	450	Russia
68	KB Financial Group	448	South Korea
69	ABN AMRO Group NV	436	Netherlands
70	United Overseas Bank	406	Singapore
71	PNC Financial Services Group	406	USA
72	Itau Unibanco Holding SA	400	Brazil
73	Nomura Holdings	387	Japan
74	Hana Financial Group	385	South Korea
75	Bank of New York Mellon Corp.	381	USA
76	Hua Xia Bank	380	China
77	Capital One Financial Corp.	374	USA
78	NongHyup Financial Group	373	South Korea
79	Bank of Beijing	368	China
80	Banco do Brasil SA	360	Brazil
81	Shinkin Central Bank	356	Japan
82	Banco Bradesco SA	349	Brazil
83	China Guangfa Bank	343	China
84	Oversea-Chinese Banking Corp.	342	Singapore
85	Svenska Handelsbanken	335	Sweden
86	DnB ASA	328	Norway
87	KBC Group NV	327	Belgium
88	Caixa Economica Federal	326	Brazil
89	Cathay Financial Holding	311	Taiwan
90	Nationwide Building Society	310	UK
91	Bank of Shanghai	298	China
92	Skandinaviska Enskilda Banken	291	Sweden
93	Bank of Jiangsu	282	China
94	La Banque Postale	280	France
95	Erste Group Bank AG	277	Austria
96	Charles Schwab Corp.	276	USA
97	Landesbank Baden-Wurttemberg	266	Germany
98	Industrial Bank of Korea	259	South Korea
99	Banco Sabadell	256	Spain
100	Swedbank	251	Sweden
101	Fubon Financial Holding	251	Taiwan
102	China Huarong Asset Management	249	China
103	China ZheShang Bank	245	China
104	State Street Corp.	242	USA
105	Bayerische Landesbank	240	Germany
106	Qatar National Bank	237	Qatar
107	Bankia SA	234	Spain
108	BB&T Corp.	231	USA
109	Suntrust Banks	222	USA
110	Raiffeisen Schweiz	217	Switzerland
111	Nykredit Group	214	Denmark
112	National Bank of Canada	208	Canada
113	Brazilian Development Bank	207	Brazil
114	Dexia	200	Belgium
115	American Express Company	198	USA
116	Belfius Banque SA	188	Belgium
117	Ally Financial	180	USA
118	Fifth Third Bancorp	169	USA
119	United Services Automobile Assoc.	169	USA
120	Citizens Financial Group	163	USA
121	Huishang Bank	153	China
122	KeyCorp	145	USA

In the last three places of the ranking of the largest banks in the world by assets there are Citizens Financial Group with 163 billion USD, Huishang Bank with 153 billion USD and KeyCorp with 145 billion USD.

The data used in this work have been collected from the main financial sites. For most of the banks, the total assets refer to the 2019 balance sheet, except Credit Mutuel, in which refer to the 2018 balance sheet. The total assets are expressed in billions of USD.