Top 10 Largest Banks In The World
Banks are an elaborate component of worldwide economy. Due to their significance in the monetary system and control on nationalized economies, banks are highly regulated in almost all the countries. Here we have come up with brief description of Top 10 Largest Banks In The World sorted by rank. You can check out the list and complete information about World Biggest Bank by Assets in the below segment of this page.
Top 10 Largest Banks In The World
|Rank||Bank||Country||Total assets, US$b|
|1||Industrial & Commercial Bank of China||China||3,451.74|
|2||China Construction Bank Corp||China||2,819.24|
|3||Agricultural Bank of China||China||2,716.1|
|4||Bank of China||China||2,584.24|
|6||JPMorgan Chase & Co||US||2,449.60|
|8||Mitsubishi UFJ Financial Group||Japan||2,323.24|
|9||Bank of America||US||2,149.03|
|10||Credit Agricole Group||France||1,911.27|
1. Industrial & Commercial Bank of China:
Industrial and Commercial Bank of China Ltd. (ICBC) is a worldwide banking organization, and the biggest bank in the world as marked by total assets and market capitalization. It is one of state-owned viable banks of China.
2. China Construction Bank Corp:
China Construction Bank Corporation is one of the “big four” banking organizations in the People’s Republic of China. This organization is having about 13,629 domestic branches. The bank was formed as a joint-stock marketable bank in September 2004 under the PRC Company Law.
3. Agricultural Bank of China:
Agricultural Bank of China Limited is regarded as one of the “Big Four” banks in China. It was originated in 1951 with its headquarters in Dongcheng District, Beijing. It is having branches all over mainland China, Hong Kong, London, New York, Sydney, Singapore etc.
4. Bank of China:
It is one of the five largest nationalized commercial banks in China. It was established in 1912 by democrat government to substitute the Imperial Bank of China. Bank of China is the ancient bank of mainland China.
5. HSBC Holdings:
HSBC Holdings is a British international bank headquartered in London, United Kingdom. It was founded in London in the year 1991 by the Hongkong and Shanghai Banking Corporation Limited to form a new group holding company.
6. JPMorgan Chase & Co:
It is an American multinational banking organization. The organization was established in 2000, as Chase Manhattan Company combined with J.P. Morgan & Co. It is identified as one of the huge four banking organizations of United States.
7. BNP Paribas:
BNP Paribas is a French bank with worldwide headquarters in Paris. It was created through the unification of Banque Nationale de Paris (BNP) with Paribas in the year 2000. BNP Paribas is ranked as number 7 among the largest banks in the world.
8. Mitsubishi UFJ Financial Group:
Mitsubishi UFJ Financial Group, Inc. (MUFG) is a banking organization of Japan headquartered in Chiyoda, Tokyo, Japan. It acquires assets of about 2,323.24 and is one of the major companies of Group. It is second largest banking organization of Japan in context of market capitalization.
9. Bank of America:
Bank of America is an American global bank whose headquarter is situated in Charlotte, North Carolina. It is identified as the second biggest banking organization in the United States as per the measurement of assets.
10. Credit Agricole Group:
Crédit Agricole is also known as the “Green Bank” for the reason of its past ties to farming. It has emerged as a worldwide banking group in the year 1990. It comprises of a three-tier structure which includes Local Banks, the provincial Banks as well as Crédit Agricole S.A. (and its subsidiaries).
The expansion in cross-border activities has enhanced the insist for banks for providing assorted services across borders to diverse nationalities. Advancement in telecommunications and further financial technologies have permitted banks to broaden their existence all over the world.
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