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.

Rank	Name	Assets
1	Industrial & Commercial Bank of China	4.676
2	China Construction Bank	3.906
3	Agricultural Bank of China	3.739
4	Bank of China	3.411
5	JPMorgan Chase & Co	3.213
6	Mitsubishi UFJ Financial Group	3.183
7	BNP Paribas	2.945
8	HSBC Holdings	2.923
9	Bank of America	2.742
10	Credit Agricole Group	2.470
11	China Development Bank	2.285
12	Citigroup Inc	2.233
13	Sumitomo Mitsui Financial Group	2.106
14	Mizuho Financial Group	2.054
15	Japan Post Bank	2.043
16	Wells Fargo	1.969
17	Banco Santander	1.766
18	Barclays plc	1.707
19	Societe Generale	1.632
20	BPCE Group	1.609
21	Deutsche Bank	1.580
22	Postal Savings Bank of China	1.549
23	Bank of Communications	1.507
24	Toronto-Dominion Bank	1.242
25	Royal Bank of Canada	1.231
26	Goldman Sachs Group	1.142
27	China Merchants Bank	1.134
28	ING Groep NV	1.106
29	Lloyds Banking Group	1.076
30	Industrial Bank Co. Ltd	1.065
31	UBS Group AG	1.064
32	Shanghai Pudong Development Bank	1.062
33	Credit Mutuel	1.045
34	Norinchukin Bank	1.022
35	China Minsheng Banking Corp	1.009
36	UniCredit S.p.A.	1.002
37	China CITIC Bank Corp	1.000
38	NatWest Group plc *	994
39	Morgan Stanley	975
40	Agricultural Development Bank of China	968
41	Intesa Sanpaolo	964
42	Credit Suisse Group	873
43	Bank of Nova Scotia	856
44	BBVA	846
45	Australia & New Zealand Banking Group	800
46	China Everbright Bank	761
47	Standard Chartered plc	742
48	Bank of Montreal	712
49	Commonwealth Bank of Australia	697
50	Rabobank Group	696
51	DZ Bank AG	678
52	Westpac Banking Corporation	665
53	Nordea Bank Abp	659
54	National Australia Bank	637
55	European Investment Bank (EIB)	635
56	Commerzbank	618
57	Danske Bank	613
58	Resona Holdings	592
59	Ping An Bank	590
60	KfW Group	586

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.