When it comes to the biggest and largest world’s banks by total assets, currently china is dominating the list in ranking as the world’s largest bank named Industrial & Commercial Bank of China with three more Chinese bank behemoths. Meanwhile, U.S, Japan, and the U.K round out the top three countries that claim the world’s biggest banks’ position after China.
In this blog, you will discover the top 10 world’s biggest banks by total assets. Here’s how the world’s monetary institutions stack up.
RankingName Of The BankNationality Of The BankTotal Assets Of The Bank Rank 1Industrial & Commercial Bank of ChinaChina4.32 Trillion DollarsRank 2China Construction Bank Corp.China3.65 Trillion DollarsRank 3Agricultural Bank of China.China3.57 Trillion DollarsRank 4Bank of ChinaChina3.27 Trillion DollarsRank 5Mitsubishi UFJ Financial GroupJapan2.99 Trillion DollarsRank 6HSBC HoldingsUnited Kingdom2.71 Trillion DollarsRank 7JPMorgan Chase & Co.United States2.68 Trillion Dollars |
Rank 1: Industrial & Commercial Bank of China
ICBC refers to the Industrial and Commercial Bank of China Limited, also known as ‘’zhong guo gong shang yin hang’’ in their native language, which is a multinational Chinese banking company, banking industry, financial services industry, and investment services industry. ICBC was founded in the year 1984, 37 years old from now in Beijing, China.
- Headquarters: Beijing, China
- Total assets: $4.32 trillion
Rank 2: China Construction Bank Corp.
The full form of CCB is China Construction Bank Corporation, also famous as ‘’Zhōngguó jiànshè yínháng’’ in their native language, which is one of the “big four” banks and belongs from banking industry, financial services industry, and investment services industry. CCB was founded in the year 1954, 66 years old from now in Beijing, China.
- Headquarters: Beijing, China
- Total assets $3.65 trillion
Rank 3: Agricultural Bank of China
ABC refers to the Agricultural Bank of China, also known as ‘’AgBank’’, which is the banking industry and financial services industry. ABC was founded in the year 1951, 69 years old, and its headquarters is situated in Beijing, China.
- Headquarters: Beijing, China
- Total assets: $3.57 trillion
Rank 4: Bank of China
The full form of BOC is Bank of China, also famous as ‘’Zhōngguó Yínháng’’ in their native language, which is one of the state-owned commercial banks and belongs from the banking industry, and financial services industry. BOC was founded in the year 1912, 109 years old, and established in Beijing, China.
- Headquarters: Beijing, China
- Total assets: $3.27 trillion
Rank 5: Mitsubishi UFJ Financial Group
MUFG refers to the Mitsubishi UFJ Financial Group, Inc., also known as ‘’Kabushiki gaisha Mitsubishi Yūefujei Finansharu Gurūpu’’, which is the banking industry and financial services industry. MUFG was founded in the year 2005, 15 years old, and its headquarters is situated in Yurakucho, Chiyoda, Tokyo, Japan
- Headquarters: Tokyo, Japan
- Total assets: $2.99 trillion
Rank 6: HSBC Holdings
The full form HSBC Holdings is The Hongkong and Shanghai Banking Corporation. It is also famous as the largest bank in Europe in their country UK, one of the British multinational investment banks that belongs to financial services holding company. HSBC Holdings was founded in the year 1986, 156 years old, and established in 8 Canada Square
London, England, UK
- Headquarters: London, United Kingdom
- Total assets: $2.71 trillion
Rank 7: JPMorgan Chase & Co.
JPMorgan Chase & Co. is one of the American multinational investment banks and refers to the American Financial service industry. JPMorgan Chase & Co. was established in the year 2000, 20 years old, and its headquarters is situated in New York City, New York, US.
- Headquarters: New York City, United States
- Total assets: $2.43 trillion
