Top 60 largest banks in the world by assets

The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business and families. They represent a major component of the country’s financial system and play a key role in enhancing the overall economic growth of the country.

In this work, we are going to present the rank of the 60 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 60 largest banks in the world by assets.

In the ranking of the 60 largest banks in the world by assets there are 15 Chinese banks, 6 US banks, 6 Japanese banks, 5 British banks, 5 French banks, 4 German banks, 4 Canadian banks, 4 Australian banks, 2 Italian banks, 2 Swiss bank, 2 Dutch banks, 2 Spanish banks, 1 Luxembourg bank, 1 Finnish bank and 1 Danish bank.

In the top of the ranking of the largest banks in the world by assets is Industrial & Commercial Bank of China with 4.676 billion USD in assets. In the second place is China Construction Bank with 3.906 billion USD in assets, followed by Agricultural Bank of China with about 3.739 billion USD in assets. Bank of China is fourth and JPMorgan Chase & Co fifth.

In the last three places of the ranking of the largest banks in the world by assets there are Resona Holdings with 592 billion USD, Ping An Bank with 590 billion USD and KfW Group with 586 billion USD.

1Industrial & Commercial Bank of China4.676
2China Construction Bank3.906
3Agricultural Bank of China3.739
4Bank of China3.411
5JPMorgan Chase & Co3.213
6Mitsubishi UFJ Financial Group3.183
7BNP Paribas2.945
8HSBC Holdings2.923
9Bank of America2.742
10Credit Agricole Group2.470
11China Development Bank2.285
12Citigroup Inc2.233
13Sumitomo Mitsui Financial Group2.106
14Mizuho Financial Group2.054
15Japan Post Bank2.043
16Wells Fargo1.969
17Banco Santander1.766
18Barclays plc1.707
19Societe Generale1.632
20BPCE Group1.609
21Deutsche Bank1.580
22Postal Savings Bank of China1.549
23Bank of Communications1.507
24Toronto-Dominion Bank1.242
25Royal Bank of Canada1.231
26Goldman Sachs Group1.142
27China Merchants Bank1.134
28ING Groep NV1.106
29Lloyds Banking Group1.076
30Industrial Bank Co. Ltd1.065
31UBS Group AG1.064
32Shanghai Pudong Development Bank1.062
33Credit Mutuel1.045
34Norinchukin Bank1.022
35China Minsheng Banking Corp1.009
36UniCredit S.p.A.1.002
37China CITIC Bank Corp1.000
38NatWest Group plc *994
39Morgan Stanley975
40Agricultural Development Bank of China968
41Intesa Sanpaolo964
42Credit Suisse Group873
43Bank of Nova Scotia856
45Australia & New Zealand Banking Group800
46China Everbright Bank761
47Standard Chartered plc742
48Bank of Montreal712
49Commonwealth Bank of Australia697
50Rabobank Group696
51DZ Bank AG678
52Westpac Banking Corporation665
53Nordea Bank Abp659
54National Australia Bank637
55European Investment Bank (EIB)635
57Danske Bank613
58Resona Holdings592
59Ping An Bank590
60KfW Group586

The data used in this work have been collected from the main financial sites. For all of the banks, the total assets refer to the 30/06/2020 balance sheet and are expressed in billions of USD.

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