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.

1Industrial & Commercial Bank of China3913China
2China Construction Bank Corp.3382China
3Agricultural Bank of China3293China
4Bank of China3242China
5Mitsubishi UFJ Financial Group2847Japan
6JP Morgan Chase & Co2727USA
7HSBC Holdings2659UK
8Bank of America2396USA
9China Development Bank2357China
10BNP Paribas2333France
11Credit Agricole2221France
13Wells Fargo & Co1923USA
14Sumitomo Mitsui Financial Group1862Japan
15Mizuho Financial Group1845Japan
16Banco Santander1700Spain
17Deutsche Bank1614Germany
19Societe Generale1578France
20Groupe BPCE1522France
21Postal Savings Bank of China1466China
22Bank of Communications1440China
23Lloyds Banking Group1066UK
24Royal Bank of Canada1059Canada
25Toronto-Dominion Bank1059Canada
26China Merchants Bank1047China
27ING Groep NV1028Netherlands
28Norinchukin Bank1006Japan
29Industrial Bank985China
30Credit Mutuel980France
31Shanghai Pudong Development Bank970China
32UBS Group AG969Switzerland
34Goldman Sachs945USA
35Intesa Sanpaolo942Italy
36Royal Bank of Scotland937UK
37China Citic Bank Corp.932China
38China Minsheng Banking Corp.923China
39Morgan Stanley900USA
40Bank of Nova Scotia804Canada
41Banco Bilbao Vizcaya Argentaria784Spain
42Credit Suisse Group782Switzerland
43Commonwealth Bank of Australia720Australia
44Standard Chartered Plc713UK
45European Investment Bank700Luxembourg
46Rabobank Group690Netherlands
47Australia & New Zealand Banking Group688Australia
48China Everbright Bank677China
49Nordea Bank663Sweden
50DZ Bank AG637Germany
51Westpac Banking Corp.635Australia
52Bank of Montreal632Canada
53KfW Group590Germany
54National Australia Bank583Australia
55Commerzbank AG572Germany
57State Bank of India561India
58DBS Group Holdings553Singapore
59Danske Bank548Denmark
60Resona Holdings545Japan
61Ping An Bank497China
62Canadian Imperial Bank of Commerce484Canada
63U.S. Bancorp482USA
64Shinhan Financial Group477South Korea
65Cassa Depositi e Prestiti468Italy
68KB Financial Group448South Korea
69ABN AMRO Group NV436Netherlands
70United Overseas Bank406Singapore
71PNC Financial Services Group406USA
72Itau Unibanco Holding SA400Brazil
73Nomura Holdings387Japan
74Hana Financial Group385South Korea
75Bank of New York Mellon Corp.381USA
76Hua Xia Bank380China
77Capital One Financial Corp.374USA
78NongHyup Financial Group373South Korea
79Bank of Beijing368China
80Banco do Brasil SA360Brazil
81Shinkin Central Bank356Japan
82Banco Bradesco SA349Brazil
83China Guangfa Bank343China
84Oversea-Chinese Banking Corp.342Singapore
85Svenska Handelsbanken335Sweden
86DnB ASA328Norway
87KBC Group NV327Belgium
88Caixa Economica Federal326Brazil
89Cathay Financial Holding311Taiwan
90Nationwide Building Society310UK
91Bank of Shanghai298China
92Skandinaviska Enskilda Banken291Sweden
93Bank of Jiangsu282China
94La Banque Postale280France
95Erste Group Bank AG277Austria
96Charles Schwab Corp.276USA
97Landesbank Baden-Wurttemberg266Germany
98Industrial Bank of Korea259South Korea
99Banco Sabadell256Spain
101Fubon Financial Holding251Taiwan
102China Huarong Asset Management249China
103China ZheShang Bank245China
104State Street Corp.242USA
105Bayerische Landesbank240Germany
106Qatar National Bank237Qatar
107Bankia SA234Spain
108BB&T Corp.231USA
109Suntrust Banks222USA
110Raiffeisen Schweiz217Switzerland
111Nykredit Group214Denmark
112National Bank of Canada208Canada
113Brazilian Development Bank207Brazil
115American Express Company198USA
116Belfius Banque SA188Belgium
117Ally Financial180USA
118Fifth Third Bancorp169USA
119United Services Automobile Assoc.169USA
120Citizens Financial Group163USA
121Huishang Bank153China

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.

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