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.

Rank	Bank	Assets	Country
1	Industrial & Commercial Bank of China	4006	China
2	China Construction Bank Corp	3397	China
3	Agricultural Bank of China	3233	China
4	Bank of China	2989	China
5	Mitsubishi UFJ Financial Group	2774	Japan
6	JPMorgan Chase & Co	2534	USA
7	HSBC Holdings	2522	UK
8	BNP Paribas	2348	France
9	Bank of America	2281	USA
10	China Development Bank	2202	China
11	Credit Agricole Group	2112	France
12	Wells Fargo	1952	USA
13	Japan Post Bank	1874	Japan
14	Mizuho Financial Group	1850	Japan
15	Sumitomo Mitsui Financial Group	1847	Japan
16	Citigroup Inc	1843	USA
17	Deutsche Bank	1767	Germany
18	Banco Santander	1730	Spain
19	Barclays PLC	1529	UK
20	Societe Generale	1527	France
21	Groupe BPCE	1509	France
22	Bank of Communications	1388	China
23	Postal Savings Bank of China	1384	China
24	Lloyds Banking Group	1096	UK
25	Royal Bank of Canada	1029	Canada
26	ING Groep NV	1014	Netherlands
27	Toronto-Dominion Bank	1007	Canada
28	Norinchukin Bank	1007	Japan
29	UniCredit S.p.A.	1002	Italy
30	Royal Bank of Scotland Group	996	UK
31	Industrial Bank Co. Ltd	986	China
32	China Merchants Bank	966	China
33	Intesa Sanpaolo	955	Italy
34	Credit Mutuel	951	France
35	UBS Group AG	938	Switzerland
36	Shanghai Pudong Development Bank	943	China
37	Goldman Sachs Group	917	USA
38	Agricultural Development Bank of China	873	China
39	China Minsheng Banking Corp	859	China
40	Morgan Stanley	852	USA
41	China CITIC Bank Corp	833	China
42	BBVA	827	Spain
43	Credit Suisse Group	816	Switzerland
44	Bank of Nova Scotia	755	Canada
45	Commonwealth Bank of Australia	751	Australia
46	Rabobank Group	722	Netherlands
47	Australia & New Zealand Banking Group	700	Australia
48	Nordea	696	Sweden
49	European Investment Bank	687	Luxembourg
50	Westpac Banking Corp	665	Australia
51	Standard Chartered Plc	664	UK
52	National Australia Bank	616	Australia
53	China Everbright Bank	628	China
54	DZ Bank AG	606	Germany
55	Bank of Montreal	579	Canada
56	Sumitomo Mitsui Trust Holdings	570	Japan
57	Danske Bank	569	Denmark
58	KfW Group	565	Germany
59	Commerzbank	541	Germany
60	State Bank of India	535	India
61	Cassa Depositi e Prestiti (CDP)	497	Italy
62	The Export-Import Bank of China	492	China
63	Canadian Imperial Bank of Commerce	484	Canada
64	Ping An Bank	482	China
65	ABN AMRO Group NV	471	Netherlands
66	Sberbank of Russia	470	Russia
67	U.S. Bancorp	462	USA
68	CaixaBank	459	Spain
69	Itau Unibanco Holding SA	437	Brazil
70	Resona Holdings	435	Japan
71	Banco do Brasil SA	413	Brazil
72	KB Financial Group	409	South Korea
73	Shinhan Financial Group	399	South Korea
74	Nomura Holdings	395	Japan
75	DBS Group Holdings	387	Singapore
76	Caixa Economica Federal	383	Brazil
77	PNC Financial Services Group	381	USA
78	Hua Xia Bank	376	China
79	Bank of New York Mellon Corp	372	USA
80	Shinkin Central Bank (SCB)	371	Japan
81	Capital One Financial Corporation	366	USA
82	Banco Bradesco SA	365	Brazil
83	KBC Group NV	350	Belgium
84	Bank of Beijing	349	China
85	Oversea-Chinese Banking Corp	340	Singapore
86	Hana Financial Group	337	South Korea
87	Svenska Handelsbanken	337	Sweden
88	NongHyup Financial Group	333	South Korea
89	Woori Bank	333	South Korea
90	DnB ASA	328	Norway
91	China Guangfa Bank (CGB)	314	China
92	Skandinaviska Enskilda Banken	311	Sweden
93	Nationwide Building Society	307	UK
94	Cathay Financial Holding	294	Taiwan
95	Landesbank Baden-Wurttemberg	285	Germany
96	La Banque Postale	277	France
97	Bank of Shanghai	270	China
98	Swedbank	269	Sweden
99	United Overseas Bank	268	Singapore
100	Bank of Jiangsu	267	China
101	Banco Sabadell	265	Spain
102	Bayerische Landesbank	265	Germany
103	Erste Group Bank AG	264	Austria
104	Brazilian Development Bank	262	Brazil
105	Industrial Bank of Korea	257	South Korea
106	Bankia	256	Spain
107	Charles Schwab Corp	243	USA
108	Dexia	239	Belgium
109	State Street Corp	238	USA
110	Raiffeisen Schweiz	234	Switzerland
111	Nykredit Group	229	Denmark
112	Fubon Financial Holding	226	Taiwan
113	VTB Bank	226	Russia
114	China ZheShang Bank	223	China
115	BB&T Corporation	222	USA
116	Qatar National Bank	221	Qatar
117	National Bank of Canada	208	Canada
118	Suntrust Banks	206	USA
119	Korea Development Bank	205	South Korea
120	Belfius	202	Belgium

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.