Banking institutions are indispensable to any nation’s economy and financial setup. They provide borrowing/saving opportunities and other important facilities to the general public and corporate entities. Customers are increasingly likely to rely on the large banks that can provide national or even global services, and which can offer more competitive interest rates. Total assets is the total value of all financial units regarding a company’s property, as well as financial capital, which consists of own corporation resources, investor assets, interbank credits, and assets received from bond issues.
Here are the top 20 largest banks in the world.
Rank | Bank | Total assets |
1. | Industrial and Commercial Bank of China | $4.30 trillion |
2. | China Construction Bank Corporation | $3.64 trillion |
3. | Agricultural Bank of China | $3.56 trillion |
4. | Bank of China | $3.25 trillion |
5. | Mitsubishi UFJ Financial Group | $2.87 trillion |
6. | HSBC Holdings PLC | $2.72 trillion |
7. | JPMorgan Chase & Co. | $2.69 trillion |
8. | Bank of America | $2.43 trillion |
9. | BNP Paribas | $2.42 trillion |
10. | China Development Bank | $2.31 trillion |
11. | Crédit Agricole Group | $2.25 trillion |
12. | Japan Post Bank | $1.97 trillion |
13. | Citigroup Inc. | $1.95 trillion |
14. | Sumitomo Mitsui Financial Group | $1.94 trillion |
15. | Wells Fargo & Co. | $1.93 trillion |
16. | Mizuho Financial Group | $1.86 trillion |
17. | Banco Santander | $1.70 trillion |
18. | Société Générale | $1.52 trillion |
19. | Groupe BPCE | $1.49 trillion |
20. | Barclays | $1.49 trillion |
