With $5.5 trillion in assets, Industrial and Commercial Bank of China Limited is the largest bank in the world, as measured by total assets. Given its size and dominance, it’s no surprise that ICBC China has earned high marks for financial stability and profitability. To find the largest banks in the world, we looked at the asset sizes of institutions that serve consumers and small businesses. A bank’s assets include, among other things, the number of its loans, mortgages, and credit card accounts. This is the most recent data for top banks as of January 30th, 2023.
With assets totaling about $3.3 trillion, JPMorgan Chase & Co. is the 5th largest bank globally and the biggest bank in the United States. The bank is headquartered in New York City. JPMorgan Chase & Co. (NYSE: JPM) was founded in 1799 as the Bank of the Manhattan Company. Based on asset size, here are the largest banks in the world, with more than a trillion-dollar in total asset base.
| Rank | BANK | Total asset | Country |
|---|---|---|---|
| 1 | Industrial and Commercial Bank of China Limited | $5.5 trillion | China |
| 2 | China Construction Bank | $4.7 trillion | China |
| 3 | Agricultural Bank of China | $4.5 trillion | China |
| 4 | Bank of China | $4.2 trillion | China |
| 5 | JPMorgan Chase | $3.3 trillion | United States |
| 6 | BNP Paribas | $2.9 trillion | France |
| 7 | China Development Bank | $2.69 trillion | China |
| 8 | Bank of America | $2.5 trillion | United States |
| 9 | Mitsubishi UFJ Financial Group | $2.35 trillion | Japan |
| 10 | Crédit Agricole | $2.34 trillion | France |
| 11 | Sumitomo Mitsui Banking Corporation | $2.06 trillion | Japan |
| 12 | Postal Savings Bank of China | $1.97 trillion | China |
| 13 | Japan Post Bank | $1.97 trillion | Japan |
| 14 | Bank of Communications | $1.91 trillion | China |
| 15 | Banco Santander | $1.8 trillion | Spain |
| 16 | Wells Fargo | $1.8 trillion | United States |
| 17 | Groupe BPCE | $1.7 trillion | France |
| 18 | Mizuho Financial Group | $1.7 trillion | Japan |
| 19 | Citigroup Inc. | $1.66 trillion | United States |
| 20 | Société Générale | $1.66 trillion | France |
| 21 | UBS + Credit Suisse | $1.6 trillion | Switzerland |
| 22 | Deutsche Bank | $1.49 trillion | Germany |
| 23 | China Merchants Bank | $1.45 trillion | China |
| 24 | Barclays | $1.43 trillion | United Kingdom |
| 25 | Toronto-Dominion Bank | $1.40 trillion | Canada |
| 26 | Royal Bank of Canada | $1.37 trillion | Canada |
| 27 | Industrial Bank (China) | $1.35 trillion | China |
| 28 | Shanghai Pudong Development Bank | $1.27 trillion | China |
| 29 | HSBC | $1.26 trillion | United Kingdom |
| 30 | China Citic Bank Corporation Limited CNCB | $1.26 trillion | China |
| 31 | Intesa Sanpaolo | $1.21 trillion | Italy |
| 32 | The Agricultural Development Bank of China | $1.14 trillion | China |
| 33 | China Minsheng Bank | $1.09 trillion | China |
| 34 | ING Group | $1.08 trillion | Netherlands |
| 35 | UniCredit | $1.04 trillion | Italy |
| 36 | Bank of Nova Scotia | $1.04 trillion | Canada |
Have you read?
Best Fashion Schools In The World.
Best Business Schools In The World.
World’s Most Influential and Innovative Companies.
Best CEOs And Business Executives In The World.
World’s Best Hospitality And Hotel Management Schools.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Thank you for supporting our journalism. Subscribe here.
For media queries, please contact: info@ceoworld.biz
CEOWORLD magazine - Latest - Money and Wealth - Biggest banks in the world, as measured by total assets, 2023
I'm an enthusiast with a deep understanding of the global banking industry and its key players. My knowledge extends to the intricate details of financial institutions, their assets, and their positions in the market. To establish my credibility, let's delve into the information provided in the article about the largest banks in the world as of January 30th, 2023.
The Industrial and Commercial Bank of China Limited (ICBC) holds the top spot with $5.5 trillion in assets, making it the largest bank globally. It's noteworthy that ICBC China is not only massive in size but also renowned for its financial stability and profitability.
Following ICBC, the next four positions are dominated by Chinese banks:
- China Construction Bank - $4.7 trillion
- Agricultural Bank of China - $4.5 trillion
- Bank of China - $4.2 trillion
Breaking this trend, JPMorgan Chase & Co. takes the 5th position with assets totaling about $3.3 trillion, making it the largest bank in the United States.
Other notable banks in the top 10 include:
- BNP Paribas - $2.9 trillion (France)
- China Development Bank - $2.69 trillion (China)
- Bank of America - $2.5 trillion (United States)
- Mitsubishi UFJ Financial Group - $2.35 trillion (Japan)
- Crédit Agricole - $2.34 trillion (France)
This list provides a comprehensive overview of the major players in the global banking sector based on their total assets. If you have any specific questions or if there's a particular aspect you'd like more information on, feel free to ask.
