Banks play an important role in this growing digital world because nowadays people are looking for a secure way to save their savings. Choosing the largest bank as a security guard for your money is quite a wise choice at this time.

There are many largest financial institutions in the world that have millions of customers and billions of assets under their management. (Check the list of largest custodian banks)

Read ahead to learn about the top largest banks in the world that are rapidly growing, and cutting their barriers to move ahead.

Largest banks in the world By Total Assets

According to the recent report of 2023, Industrial and Commercial Bank of China Limited is the largest bank in the world with about $5.5 trillion in assets or AUM.

If we talk about the USA, JPMorgan Chase & Co is the biggest bank in the USA with total assets of $3.3 trillion. It is the 5th largest bank in the world which was founded in the year 1799.

Industrial and Commercial Bank of China Limited

A china based company that is the largest bank in the world by total assets of $5.5 trillion according to a recent report of 2023. The bank was founded in the year of 1984 in Beijing, China.

The bank is at the top of the list of the highest-revenue-making bank in the world. ICBC also win the award of the biggest bank on land by employees. The bank offers different services to customers across the globe, thus also being awarded as one of the most massive banks in the world by customers.

The bank makes the highest net profit in the world every year which shows, that ICBC is a wise choice for investors to invest money.

China Construction Bank

This bank is the second largest bank in the world with total assets of $4.7 trillion assets. The company was founded in the year of 1954 in Beijing, China. This is the fourth-biggest bank in the world by market capitalization.

The bank has also a massive amount of retained earnings in the world which they use for new projects, and run existing operations smoothly.

Agriculture Bank of China

Another China bank that was founded in the year of 1951, its headquarter is in Beijing, China. Currently, the bank possesses total assets of $4.5 trillion which makes it 3rd largest bank in the world by total assets.

The bank also ranks in the list of the highest deposited bank in the world and is better known for its massive size.

Bank of China

A Chinese bank that is placed on the 4th number in the list of biggest banks in the world with total assets of $4.2 trillion.

The bank was founded the year of 1912 in Shanghai, China, and currently, its headquarter is in Beijing, China. The bank is also one of the largest international banks in the world that operates across the globe with thousands of branches.

JPMorgan Chase & Co

A USA-based bank that is the 5th largest bank in the world with total assets of $3.3 trillion and the 1st in the market capitalization. The bank is also listed as one of the most favorable investment banks across the globe.

The bank was founded in 2000, in New York, United States. It is considered one of the most secure banks in the United States and the largest private financial institution on the globe.

The bank has many branches across the country and works on the international level, thus making it one of the most massive banks in the world by branches.

Largest Banks In The World

BNP Paribas

The bank was officially founded in the year 2000 in France and is currently listed as one of the largest banks in the world with total assets of $2.9 trillion, and also known as one of the most powerful banks in the world

China Development Bank

A China-based company that possesses more than $2.7 trillion of total assets which makes it one of the largest banks in the world.

The company was founded in the year 1994, its headquarter is in Beijing, China, and currently, it has more than 9000 employees.

Bank of America

A USA-based bank that was founded in the year of 1998, and its headquarter is in California, United States. The bank possesses total assets of $2.5 trillion, and it is the second-biggest bank in the United States.

Mitsubishi  UFJ Financial Group

A Japan-based bank that possesses total assets of $2.35 trillion. The Company was founded in the year of 2005, and the headquarter of the bank is in Tokyo, Japan. The bank is also listed in the list of top global banks.

Credit Agricole

One of the largest global banks which is located in France and possesses total assets of $2.34 trillion. The Company was founded in the year 1894, and the headquarter of the bank is in Montrouge, France.

Sumitomo Mitsui Banking Corporation

The bank is in Japan and possesses total assets of $2.06 trillion. The Company was founded in the year of 2001, and the headquarter of the bank is in Tokyo, Japan.

Postal Savings Bank of China

A bank from China country that possesses total assets of $1.97 trillion. The Company was founded in the year of 2007, and the headquarter of the bank is in Beijing, China.

Japan Post Bank

A Japan-based bank that possesses more than $1.97 trillion in its accounts. The Company was founded in the year of 2006, and the headquarter of the bank is in Tokyo, Japan.

Bank of Communications

A China-based bank that possesses total assets of $1.91 trillion. The Company was founded in the year of 1908, and the headquarter of the bank is in Shanghai, China.

Banco Santander

A bank from Spain that possess total assets of $1.8 trillion as per recent record. The Company was founded in the year 1857, and the headquarter of the bank is in Boadilla del Monte, Spain.

Wells Fargo

A USA-based bank that possesses more than $1.8 trillion of total assets. The Company was founded in the year 1852, and the headquarter of the bank is in San Francisco, United States. It is one of the richest banks in the world that play an essential role in the stability of the financial industry.

Groupe BPCE

A bank from France that possesses total assets of $1.7 trillion. The Company was founded in the year of 2009, and the headquarter of the bank is in Paris, France.

Mizuho Financial Group

A bank from Japan that possess more than $1.7 trillion of total assets in their accounts. The Company was founded in the year of 2009, and the headquarter of the bank is in Tokyo, Japan.

Citigroup Inc.

It is one of the biggest banks in the United States that possesses more than $1.66 trillion of total assets. The Company was founded in the year of 1998, and the headquarter of the bank is in New York, United States.

Societe Generale (spelling check)

A France Based bank that possesses more than $1.66 trillion of total assets. The Company was founded in the year 1864, and the headquarter of the bank is in Paris, France.

UBS

A Switzerland-based bank that possesses more than $1.6 trillion of total assets and also Acquire Credit Suisse. The Company was founded in the year of 1998, and the headquarter of the bank is in Zurich, Switzerland.

Deutsche Bank

A Germany-based bank that possesses more than $1.49 trillion of total assets. The Company was founded in the year 1870, and the headquarter of the bank is in Frankfurt, Germany.

China Merchants Bank

A China-based bank that possesses $1.45 trillion of total assets as per the record of a recent report. The Company was founded in the year of 1987, and the headquarter of the bank is in Shenzhen, China.

Barclays

A UK-based company that occupies more than $1.43 trillion of total assets. The Company was founded in the year 1690, and the headquarter of the bank is in London, United Kingdom.

Toronto Dominion Bank

A company from Canada that possesses more than $1.4 trillion of total assets. The Company was founded in the year of 1955, and the headquarter of the bank is in Toronto, Canada.

Royal Bank of Canada

Another Canadian bank that possesses more than $1.37 trillion of total assets. The Company was founded in the year 1864, and the headquarter of the bank is in Toronto, Canada.

Shanghai Pudong Development Bank

A China-based bank that owns more than $1.27 trillion of total assets. The Company was founded in the year of 1993, and the headquarter of the bank is in Shanghai, China.

HSBC

The bank is in the United Kingdom that owns $1.26 trillion of total assets. The Company was founded in the year 1865, and the headquarter of the bank is in London, United Kingdom.

China Citic Bank Corporation Limited

A bank from China owns $1.26 trillion of total assets. The Company was founded in the year of 1987, and the headquarter of the bank is in Beijing, China.

Intesa Sanpaolo 

A bank from Italy owns $1.21 trillion of total assets. The Company was founded in the year of 2007, and the headquarter of the bank is in Turin, Italy.

The Agriculture Development Bank of China

A bank in China that owns more than $1.14 trillion of total assets. The Company was founded in the year of 1984, and the headquarter of the bank is in Beijing, China.

China Minsheng Bank

Another China-based company that owns $1.09 trillion of total assets. The Company was founded in the year of 1996, and the headquarter of the bank is in Beijing, China.

UniCredit

A bank from Italy that possess more than $1.04 trillion of total assets. The Company was founded in the year of 1998, and the headquarter of the bank is in Milan, Italy.

Bank Of Nova Scotia

A bank from Canada that own $1.04 trillion of total assets. The Company was founded in the year 1832, and the headquarter of the bank is in Toronto, Canada.

These banks are the world’s biggest banks that play a vital role in the development and stability of their countries.

General FAQS

How many banks from China are listed as the world’s biggest banks?

There are many banks in China that are listed as the biggest banks in the world, some of them are mentioned below:

  1. Industrial and Commercial Bank of China Limited (One of the strongest banks in the world by assets)
  2. China Construction Bank (A wealthiest bank in the world)
  3. Agriculture Bank of China
  4. Bank of China
  5. Postal Savings Bank of China
  6. Bank of Communications
  7. China Merchants Bank
  8. Industrial Bank (China)
  9. China CITIC Bank
  10. Shanghai Pudong Development Bank
  11. China Minsheng Bank
  12. China Everbright Bank
  13. Huaxia Bank
  14. China Guangfa Bank
  15. Bank of Beijing
  16. Bank of Shanghai
  17. Bank of Jiangsu
  18. China Zheshang Bank

These banks are also listed as the top banks in the world.

Which one is the most massive bank in the world in terms of the highest operating income?

  1. ICBC
  2. Barclays
  3. Royal Bank of Canada

ICBC is a bank that makes more operating income than any other bank in the world.

Which bank spends more on operating expenses?

No doubt, ICBC is spending more on its operations as compared to any other bank in the world.

Which are three of the largest banks in the world by reserves?

Federal Reserve System, European Central Bank, and Bank of Japan are the largest banks in the world by reserves.

Which are the three largest banks in the world that have more locations as compared to any other banks?

Industrial and Commercial Bank of China, China Construction Bank, and Agriculture Bank of China are the largest banks in the world which have more locations.

Is Citigroup Incorporation the biggest bank in the United States?

Citigroup Incorporation is listed as one of the top banks in the USA with total assets of $1.66 trillion but the biggest bank in the USA is JPMorgan Chase & Co with total assets of $3.3 trillion.

Is Wells Fargo the biggest bank in the world?

Wells Fargo is located in the USA and was founded in 1852 in New York, United States. The bank is currently in the 16th position in terms of ranking. It is considered one of the most secure banks in the United States.

Does Industrial and Commercial Bank of China Limited only operate in China?

Industrial and Commercial Bank of China Limited is an international bank that works across the globe. The bank operates in the USA, Canada, Mexico, Macau, Thai, Pakistan, Zurich, etc.

List of the 3 top banks in the USA that are listed among the biggest banks in the world.

  1. JPMorgan Chase & Co
  2. Bank of America
  3. Citigroup Incorporation

Check the list of the biggest central banks in the world as per recent records.

About Author

Naveen Rajput

As a professional writer, I love to write articles, blog posts, social media content, and other form of digital media. I always try to write the content in simple and easy language so even a child can understand and learn somethings new.

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