List of largest banks

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These are lists of the banks in the world, as measured by total assets[1].

By total assets[edit]

The ICBC building on the Bund, Shanghai
The China Merchants Bank in Shenzhen
A Ping An Bank branch

The list is based on the 2019 S&P Global Market Intelligence report of the 100 largest banks in the world.[1] The ranking was based upon assets as reported and was not adjusted for different accounting treatments.[1] Accounting treatment affects the assets reported: for example, the United States uses US GAAP (as opposed to IFRS), which only reports the net derivative position in most cases, leading to US banks having fewer derivative assets than comparable non-US banks.[2] If JPMorgan Chase reported under the IFRS, it would be ranked 4th in the list as of 2019, rather than 6th.[1]

Rank Bank name Total assets
(US$ Billion)
1 China Industrial and Commercial Bank of China 4,027.44
2 China China Construction Bank Corporation 3,376.52
3 China Agricultural Bank of China 3,287.36
4 China Bank of China 3,092.21
5 Japan Mitsubishi UFJ Financial Group 2,812.88
6 United States JPMorgan Chase & Co. 2,622.53
7 United Kingdom HSBC Holdings PLC 2,558.12
8 United States Bank of America 2,354.51
9 France BNP Paribas 2,336.66
10 France Crédit Agricole 2,123.61
11 United States Citigroup Inc. 1,917.38
12 Japan Japan Post Bank 1,911.48
13 United States Wells Fargo & Co. 1,895.88
14 Japan Sumitomo Mitsui Financial Group 1,848.20
15 Japan Mizuho Financial Group 1,837.80
16 Spain Banco Santander 1,670.79
17 Germany Deutsche Bank 1,543.55
18 France Société Générale 1,485.31
19 France Groupe BPCE 1,462.70
20 United Kingdom Barclays PLC 1,444.39
21 China Bank of Communications 1,385.81
22 Canada Royal Bank of Canada 1,039.24
23 China Postal Savings Bank of China 1,383.63
24 Norway DNB ASA 1,016.55
25 Netherlands ING Group 1,015.61
26 Canada Toronto-Dominion Bank 1,006.00
27 China China Merchants Bank 980.81
28 France Crédit Mutuel 976.46
29 Japan Norinchukin Bank 961.37
30 Switzerland UBS 958.49
31 China Industrial Bank (China) 952.59
32 Italy UniCredit 951.99
33 United States Goldman Sachs 931.80
34 China Shanghai Pudong Development Bank 914.49
35 Italy Intesa Sanpaolo 901.90
36 United Kingdom Royal Bank of Scotland Group 884.82
37 China China CITIC Bank 882.08
38 China China Minsheng Bank 871.66
39 United States Morgan Stanley 853.53
40 Canada Scotiabank 785.44
41 Switzerland Credit Suisse 781.45
42 Spain Banco Bilbao Vizcaya Argentaria 774.78
43 Australia Commonwealth Bank 691.03
44 United Kingdom Standard Chartered 688.76
45 Australia Australia and New Zealand Banking Group 681.30
46 Netherlands Rabobank 676.02
47 Finland Nordea 638.02
48 Australia Westpac 636.69
49 China China Everbright Bank 633.54
50 Canada Bank of Montreal 613.56
51 Germany DZ Bank 593.89
52 Australia National Australia Bank 583.79
53 Denmark Danske Bank 548.86
54 India State Bank of India 538.35
55 Japan Resona Holdings 537.39
56 Germany Commerzbank 528.84
57 Japan Sumitomo Mitsui Trust Holdings 520.16
58 China Ping An Bank 497.05
59 Canada Canadian Imperial Bank of Commerce 467.55
60 United States U.S. Bancorp 467.37
61 Spain CaixaBank 442.66
62 United States Truist Financial 441.24
63 Netherlands ABN Amro Group NV 436.56
64 South Korea KB Financial Group Inc 430.80
65 South Korea Shinhan Financial Group 412.85
66 Russia Sberbank of Russia 412.00
67 Japan Nomura Holdings Inc. 411.18
68 Singapore DBS Bank 404.27
69 Brazil Itaú Unibanco 401.10
70 United States PNC Financial Services 382.32
71 China Hua Xia Bank 380.41
72 South Korea Nonghyup Bank 374.58
73 United States Capital One 372.54
74 China Bank of Beijing 368.72
75 United States Bank of New York Mellon 362.87

Banks by country[edit]

Number of banks in the top 100 by total assets [1]
Rank Country Number
1  China 18
2  United States 12
3  Japan 8
4  France 6
 South Korea 6
 United Kingdom 6
5  Canada 5
 Germany 5
 Spain 5
6  Australia 4
 Brazil 4
7  Netherlands 3
 Singapore 3
 Sweden 3
8  Italy 2
  Switzerland 2
9  Austria 1
 Belgium 1
 Denmark 1
 Finland 1
 India 1
 Norway 1
 Russia 1
 Taiwan 1

By market capitalization[edit]

A 24 Hour Self-serving Ping An Bank branch

The list is based on Relbanks.com ranking as at 12 January 2018, where the data are derived from annual reports and financial statements of the companies.[3]

Rank Bank name Market cap
(US$ billion)
1 United States JPMorgan Chase & Co. 390.934
2 China Industrial and Commercial Bank of China 345.214
3 United States Bank of America 325.331
4 United States Wells Fargo & Co. 308.013
5 China China Construction Bank Corporation 257.399
6 United Kingdom HSBC Holdings PLC 219.270
7 China Agricultural Bank of China 203.244
8 United States Citigroup Inc. 203.165
9 China Bank of China 181.469
10 China China Merchants Bank 122.616
11 Canada Royal Bank of Canada 122.564
12 Spain Banco Santander 115.696
13 Australia Commonwealth Bank 112.227
14 Japan Mitsubishi UFJ Financial Group 111.660
15 Canada Toronto-Dominion Bank 108.449
16 France BNP Paribas 103.258
17 United States Goldman Sachs 100.705
18 Russia Sberbank of Russia 99.840
19 United States Morgan Stanley 99.651
20 United States U.S. Bancorp 94.558
21 India HDFC Bank 88.435
22 Brazil Itau Unibanco 86.203
23 Australia Westpac 84.560
24 Canada Scotiabank 78.947
25 Netherlands ING Group 78.920
26 Switzerland UBS 75.482
27 United States Charles Schwab 74.255
28 United States PNC Financial Services Group 72.246
29 United Kingdom Lloyds Banking Group 71.253
30 Japan Sumitomo Mitsui Financial Group 67.328
31 China Bank of Communications 67.078
32 Australia Australia and New Zealand Banking Group 66.448
33 Brazil Banco Bradesco 64.816
34 Australia National Australia Bank 63.794
35 Italy Intesa Sanpaolo 62.032
36 Spain Banco Bilbao Vizcaya Argentaria 60.678
37 Japan Japan Post Bank 60.525
38 United States Bank of New York Mellon 59.823
39 China Shanghai Pudong Development Bank 58.796
40 China Industrial Bank Co. 57.388
41 Hong Kong BOC Hong Kong 55.449
42 Canada Bank of Montreal 53.181
43 France Crédit Agricole 52.141
44 Singapore DBS Group 51.475
45 Finland Nordea Bank 51.185
46 United States Capital One 51.107
47 United Kingdom Royal Bank of Scotland Group 50.490
48 Japan Mizuho Financial Group 50.018
49 Switzerland Credit Suisse 48.462
50 China Postal Savings Bank of China 47.948
51 China China Minsheng Bank 47.921
52 Italy UniCredit 47.777
53 China China CITIC Bank 47.451
54 Hong Kong Hang Seng Bank 46.171
55 France Société Générale 46.051
56 United Kingdom Barclays PLC 45.850
57 Canada CIBC 43.544
58 Indonesia Bank Central Asia 43.344
59 United States Truist Financial 41.923
60 Singapore Oversea-Chinese Banking Corp 41.362
61 India State Bank of India 40.562
62 United States State Street 39.769
63 Germany Deutsche Bank 38.649
64 Belgium KBC Group 38.394
65 Denmark Danske Bank 38.223
66 China Ping An Bank 37.993
67 United Kingdom Standard Chartered 37.319
68 Singapore United Overseas Bank 35.128
69 Qatar Qatar National Bank 33.560
70 Malaysia Bank Rakyat 33.081

Banks by country[edit]

Total market capital (US$ billion) across the top 70 banks by country
Rank Country Number Total Market Cap

(US$ billion)

Banks ranks by Market Cap

(US$ billion)

1  United States 13 1861.480 1,3,4,8,17,19,20,27,28,38,46,59,62
2  China 12 1474.537 2,5,7,9,10,31,39,40,50,51,66,53
3  United Kingdom 5 470.032 6,29,47,56,67
4  Canada 5 406.685 11,15,24,42,57
5  Australia 4 327.029 13,23,32,34
6  Japan 4 289.281 14,30,37,48
7  France 3 201.45 16,43,55
8  Spain 2 176.678 12,36
9  Brazil 2 151.019 22,33
10  India 2 128.997 21,61
11  Singapore 3 127.965 44,60,68
12   Switzerland 2 123.944 26,49
13  Italy 2 109.809 35,52
14  Hong Kong 2 101.62 41,54
15 Indonesia Indonesia 1 43.344 58
16  Russia 1 99.840 18
17  Netherlands 1 78.920 25

See also[edit]

References[edit]

  1. ^ a b c d e Garrido, Francis; Chaudhry, Saqib (April 5, 2019). "The world's 100 largest banks". Standard & Poor. Retrieved September 8, 2019.
  2. ^ "World's 100 Biggest Banks: China's ICBC #1". Forbes. February 12, 2014.
  3. ^ "World's Largest Banks 2018". Relbanks.com. January 12, 2018.