The world’s largest banks by assets

The ranking of the banks can be done by using different indicators, such as number of customers, number of employees, total deposits, total loans, market capitalization, total assets and many others. This work will be focused on the realization of the ranking of the largest banks in the world by total assets.

Total assets, most commonly used in the context of a corporation, are defined as the assets owned by the entity that has economic value whose benefits can be derived in the future. They are recorded in the balance sheet of the firm.

Below is a list of the 120 largest banks in the world ranked by total assets. In the top 120 banks there are 21 Chinese banks, 14 US banks, 7 South Korean banks, 6 UK banks, 6 French banks, 9 Japanese banks, 6 German banks, 6 Canadian banks, 5 Brazilian banks, 5 Spanish banks, 4 banks from Australia, 4 Italian banks, 4 from Sweden, 3 from Netherlands, 3 from Belgium, 3 from Singapore, 3 banks from Switzerland, 2 form Denmark, 2 Russian Banks, 2 from Taiwan, 1 bank from Austria, 1 bank from Luxembourg, 1 bank from Norway, 1 bank from Qatar and 1 Indian bank.

At the top five of the ranking, there are 4 Chinese banks and only 1 bank from Japan. The world’s largest bank by assets is Industrial & Commercial Bank of China with 4006 billion USD, followed by China Construction Bank Corp with 3397 billion USD and Agricultural Bank of China with 3233 USD. In the fourth place, there is Bank of China with 2989 billion USD and in the fifth place, there is Mitsubishi UFJ Financial Group with 2774 billion USD.

In the last three places of the ranking of the largest banks in the world by assets there are Suntrust Banks with 206 billion USD, Korea Development Bank with 205 billion USD and Belfius with 202 billion USD.

1Industrial & Commercial Bank of China4006China
2China Construction Bank Corp3397China
3Agricultural Bank of China3233China
4Bank of China2989China
5Mitsubishi UFJ Financial Group2774Japan
6JPMorgan Chase & Co2534USA
7HSBC Holdings2522UK
8BNP Paribas2348France
9Bank of America2281USA
10China Development Bank2202China
11Credit Agricole Group2112France
12Wells Fargo1952USA
13Japan Post Bank1874Japan
14Mizuho Financial Group1850Japan
15Sumitomo Mitsui Financial Group1847Japan
16Citigroup Inc1843USA
17Deutsche Bank1767Germany
18Banco Santander1730Spain
19Barclays PLC1529UK
20Societe Generale1527France
21Groupe BPCE1509France
22Bank of Communications1388China
23Postal Savings Bank of China1384China
24Lloyds Banking Group1096UK
25Royal Bank of Canada1029Canada
26ING Groep NV1014Netherlands
27Toronto-Dominion Bank1007Canada
28Norinchukin Bank1007Japan
29UniCredit S.p.A.1002Italy
30Royal Bank of Scotland Group996UK
31Industrial Bank Co. Ltd986China
32China Merchants Bank966China
33Intesa Sanpaolo955Italy
34Credit Mutuel951France
35UBS Group AG938Switzerland
36Shanghai Pudong Development Bank943China
37Goldman Sachs Group917USA
38Agricultural Development Bank of China873China
39China Minsheng Banking Corp859China
40Morgan Stanley852USA
41China CITIC Bank Corp833China
43Credit Suisse Group816Switzerland
44Bank of Nova Scotia755Canada
45Commonwealth Bank of Australia751Australia
46Rabobank Group722Netherlands
47Australia & New Zealand Banking Group700Australia
49European Investment Bank687Luxembourg
50Westpac Banking Corp665Australia
51Standard Chartered Plc664UK
52National Australia Bank616Australia
53China Everbright Bank628China
54DZ Bank AG606Germany
55Bank of Montreal579Canada
56Sumitomo Mitsui Trust Holdings570Japan
57Danske Bank569Denmark
58KfW Group565Germany
60State Bank of India535India
61Cassa Depositi e Prestiti (CDP)497Italy
62The Export-Import Bank of China492China
63Canadian Imperial Bank of Commerce484Canada
64Ping An Bank482China
65ABN AMRO Group NV471Netherlands
66Sberbank of Russia470Russia
67U.S. Bancorp462USA
69Itau Unibanco Holding SA437Brazil
70Resona Holdings435Japan
71Banco do Brasil SA413Brazil
72KB Financial Group409South Korea
73Shinhan Financial Group399South Korea
74Nomura Holdings395Japan
75DBS Group Holdings387Singapore
76Caixa Economica Federal383Brazil
77PNC Financial Services Group381USA
78Hua Xia Bank376China
79Bank of New York Mellon Corp372USA
80Shinkin Central Bank (SCB)371Japan
81Capital One Financial Corporation366USA
82Banco Bradesco SA365Brazil
83KBC Group NV350Belgium
84Bank of Beijing349China
85Oversea-Chinese Banking Corp340Singapore
86Hana Financial Group337South Korea
87Svenska Handelsbanken337Sweden
88NongHyup Financial Group333South Korea
89Woori Bank333South Korea
90DnB ASA328Norway
91China Guangfa Bank (CGB)314China
92Skandinaviska Enskilda Banken311Sweden
93Nationwide Building Society307UK
94Cathay Financial Holding294Taiwan
95Landesbank Baden-Wurttemberg285Germany
96La Banque Postale277France
97Bank of Shanghai270China
99United Overseas Bank268Singapore
100Bank of Jiangsu267China
101Banco Sabadell265Spain
102Bayerische Landesbank265Germany
103Erste Group Bank AG264Austria
104Brazilian Development Bank262Brazil
105Industrial Bank of Korea257South Korea
107Charles Schwab Corp243USA
109State Street Corp238USA
110Raiffeisen Schweiz234Switzerland
111Nykredit Group229Denmark
112Fubon Financial Holding226Taiwan
113VTB Bank226Russia
114China ZheShang Bank223China
115BB&T Corporation222USA
116Qatar National Bank221Qatar
117National Bank of Canada208Canada
118Suntrust Banks206USA
119Korea Development Bank205South Korea

In the ranking of the 120 largest banks in the world by total assets are included only the banks for which there were public information about the total assets. 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 2017 balance sheet, except China Development Bank, Credit Mutuel, European Investment Bank, The Export-Import Bank of China (Eximbank), China Guangfa Bank (CGB) and Korea Development Bank, in which refer to the 2016 balance sheet. The total assets are expressed in billions of USD.

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