According to a recent report, The Industrial and Commercial Bank of China, and China Construction Bank are the largest banks in the world by deposits with $4,200 billion and $3,600 billion respectively.
Deposit means keeping money in the bank for various purposes such as keeping money safe or gaining interest on the deposited amount.
The amount of the deposits show the effective strategies of operations and it is a good indicator for the development of a company because the deposited amount by the customers is used in different sectors and projects for gaining a good return on investment.
List Of The 20 Largest Banks In The World By Deposits
|Rank||Bank Name||Country||Total Deposits As Per Recent Report|
$ In Billion
|1||Industrial and Commercial Bank of China||China||4,300|
|2||China Construction Bank||China||3,620|
|3||Agriculture Bank of China||China||3,200|
|4||Mitsubishi UFJ Financial||Japan||2,825|
|5||Bank of China||China||2,720|
|6||JPMorgan Chase & Co||USA||2,650|
|9||Credit Agricole Group||France||2,300|
|10||Wells Fargo & Co||USA||2,000|
|11||Mizuho Financial Group||Japan||1,970|
|13||Sumitomo Mitsui Financial Group||Japan||1,900|
|15||Bank of America||USA||1,750|
|19||China Merchants Bank||China||1,495|
|20||China Minsheng Banking Corporation||China||1,483|
Does the largest amount of deposits an indicator of the highest revenue-making bank?
A large amount of deposits shows the effectiveness of banking operations, a bank with large amounts of deposits can make more revenue by investing money in different projects.
Does the largest amount of deposits an indicator of the highest market capitalization?
The largest amount of deposits is the symbol of the stable performance of an institution, so it can be a favorable indicator of market cap.
Does the largest amount of deposits is a sign of the biggest network of branches?
The deposits are not dependent on the size of the institutions but depend on the resources, quality of service, and effective strategies of operations.
Do the largest deposited banks need a large number of employees for their operations?
A large number of deposits may be a means of a large number of customers, so yeah if a bank has more deposits, then it needs more employees to operate smoothly.