TOP 20 Largest World Banks in 2018 by Total Assets

TOP 20 Largest World Banks in 2018 by Total Assets

Introducing TOP 20 of the largest world banks by te date: January 15 2018.

The rating is built according to banks’ total assets. Read more about this index in the end of article.

Different banks of China takes this rating top for several years in a row. It is quite logical, taking into consideration the annual economy and industrial surplus of the Heavenly Empire.

Moreover, pay attention to China Banks logos. One copies another; We even do not know what is this all about.

Therefore  the first place takes…

No.1 — Industrial and Commercial Bank of China (ICBC)

Country: China

Assets: $3 473 billion

Industrial and commercial Bank of China (ICBC) – is the world number 1 largest and richest bank.

It is a part of the “BIG FOUR” of fiscal controls of the Heavenly Empire; It controls almost 1/5 part of all banking in China

It has $3 473 billion assets according to the latest data, and its market capitalization totals $238 billion.

The Bank was founded in 1984 and now has more than 460 thousand of employees.

Its HQ (Head Quarter) is located in Peking. More than 70% of the corporation is the government property.

No.2 — China Construction Bank Corporation

Country: China

Assets: $3 016 billion

The Second in this rating and second by “size” bank of china founded in 1954 and now called “China Construction Bank”.

According to the latest data, it obtains $3 016 billion and its market capitalization totals more than $200 billion.

Originally, CCB was created for government exchanges, and only later, it was redeveloped into the commercial one.

The company includes more than 14 thousand departments all around the globe where 372 thousand employees work.

No.3 — Agricultural Bank of China

Country: China

Assets: $2 815 billion

ABoC was founded in 1951 by Mao Zedong to help collective farms, peasants and workers.

Currently, this bank entrenched inside fiscal and commercial corporations of China and the whole world.

HQ is also located in Peking, and it has near 24 thousand representatives in the country and abroad.

Total assets of Agricultural Bank of China collects more than $2 815 billion and its market capitalization makes $190 billion according to the latest data.

No.4 — Mitsubishi UFJ Financial Group

Country: Japan

Assets: $2 626 billion

This Japan holding company has $2,6 trillion assets what makes it one of the “best" banks in Japan.

Developed department network all around the world allows MUFG to perform in 40 different countries.

The company was created in 2005 on the merge of two largest banks of Japan, and its HQ locates in Osaka City.

No.5 — Bank of China ltd

Country: China

Assets: $2 611 billion

Bank of China is one of the oldest and most reliable in China. It was created in 1912 and still leads inside banking sector.

More than 70% of the company belongs to China Government, and it has offices in more than 20 countries abroad.

According the data, its assets collect near $2611 billion and its market capitalization makes $162 billion.

No.6 — JPMorgan Chase

Country: USA

Assets: $2 500 billion

JPMorgan Chase is one of the most emerging and popular bank in USA financial sector.

This company was founded in 2000 during merging of several huge banks as a result.

JPMorgan Chase HQ is located in New York City, Manhattan. It is one of the largest investment companies in the world.

Now its assets total $2500 billion and its market capitalization makes $225 billion.

No.7 — HSBC Holdings plc

Country: Great Britain (England)

Assets: $2 374 billion

London HSBC is one the biggest banks in Europe, totaling $2,4 trillion in its assets.

Originally, the purpose of its creation was to perform exchanges between Europe and China, and still it stays crucial in such actions.

Also it has more than 10 subsidiaries which perform all possible operations inside this sector.

 

No.8 — BNP Paribas

Country: France

Assets: $2 189 billion

BNP Paribas was founded in 1999, and now it tops the fiscal, banking and insurance ratings. Currently, the company has representatives all around the globe and HQs in Geneva, Paris and London.

Its assets compound $2189 billion and $73 billion of market capitalization.

No.9 — Bank of America (BoA)

Country: USA

Assets: $2 187 billion

BoA is the second largest bank of USA, which has an extensive range of fiscal services in the whole country and abroad.

HQ locates in Charlotte City, North Carolina.

According to the latest data, BoA balance has $2187 billion assets and its market capitalization sustains $163 billion.

No.10 — Wells Fargo


Country: USA

Assets: $1 930 billion

American bank Wells Fargo ends the TOP 10 of the largest world banks list. It has the balance of $1 930 billion in assets.

Wells Fargo is one of the largest companies in USA, which successfully controls larger part of the banking sector inside the country.

No.11 — 20

# Bank Country Assets
11 Crédit Agricole France $1816 b.
12 Citigroup USA $1790 b.
13 Mizuho Financial Group Japan $1752 b.
14 Deutsche Bank Germany $1675 b.
15 Sumitomo Mitsui Financial Group Japan $1648 b.
16 Barclays Plc.England England $1495 b.
17 Société Générale France $1453 b.
18 Banco Santander Spain $1413 b.
19 Groupe BPCE France France $1302 b.
20 Bank of Communications China $1209 b.

*Some data can be inaccurate, in respect of absence or limited access to reports issue during last periods.

As you can see, there is no any banks of Russia in this list. Sberbank of Russian Federation, the largest one, has only 25 trillion rubles in assets. According to the exchange rate, it makes $350 billion. In addition, it is even less in comparison with Royal Bank of Scotland ending this TOP 20 list.

 

TOP 100 World Banks by country

The list of countries by total number of banks in the “top 100 by total assets".

Rank Country Number of Banks in TOP 100
European Union 36
1 China 18
2 United States 12
3 Japan 8
4 France 6
United Kingdom 6
5 Canada 5
Germany 5
Spain 5
6 Australia 4
Brazil 4
South Korea 4
Sweden 4
7 Italy 3
Netherlands 3
Singapore 3
8 Belgium 2
Switzerland 2
9 Austria 1
Denmark 1
India 1
Norway 1
Russia 1
Taiwan 1

What criteria does build the rating?

Annually, rating agencies, analysts and fiscal companies compound ratings of the most reliable, profitable and successful global bank corporations.

However, filtration settings are quite specific to find the largest world bank. That is why ratings are made by different parameters because the same bank can lead by one criteria and be out by another at the same time.

Total assets sum is the total value of all fiscal units regarding company’s property, as well as financial capital which consists of own corporation resources, investor assets, interbank credits and assets received from bond issue. Such rating is built according to the total assets sum of a bank, as it was told before.

Market Capitalization is the cumulative value of a company with regard to its all substructures and commercial assets. Corporate market capitalization is calculated in regard with the exchange value of its shares.

Moreover, very important banking gauges are operational and clear profits, total turnover, the number of its departments and employees.