List of Largest Banks
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List of largest banks These are lists of the banks in the world, as measured by total assets.[1] Contents By total assets Banks by country or territory By market capitalization Banks by country or territory See also References The ICBC building on the Bund, Shanghai. By total assets The list is based on the April, 2020 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 2nd in the list as of 2020, rather than 4th.[1] Total assets Rank Bank name (2020) (US$ Billion) 1 Industrial and Commercial Bank of China 4,324.27 2 China Construction Bank 3,653.11 3 Agricultural Bank of China 3,572.98 4 JPMorgan Chase 3,386.07[3] 5 Bank of China 3,270.15 6 HSBC 2,984.16 7 Mitsubishi UFJ Financial Group 2,892.97 8 Bank of America 2,819.15 9 BNP Paribas 2,398.01 10 Crédit Agricole 2,278.79 11 Japan Post Bank 1,984.62 12 SMBC Group 1,954.78 13 Citigroup Inc. 1,951.16 14 Wells Fargo 1,927.26 15 Mizuho Financial Group 1,874.89 16 Banco Santander 1,702.61 17 Société Générale 1,522.05 18 Barclays 1,510.14 19 Groupe BPCE 1,501.59 20 Postal Savings Bank of China 1,467.31 21 Deutsche Bank 1,456.26 22 Bank of Communications 1,422.63 23 Royal Bank of Canada 1,116.31 24 Lloyds Banking Group 1,104.42 25 Toronto-Dominion Bank 1,102.04 26 China Merchants Bank 1,065.25 27 Intesa Sanpaolo 1,057.82 28 Norinchukin Bank 1,011.14 29 ING Group 1,000.72 30 Goldman Sachs 992.97 31 Industrial Bank (China) 976.79 32 Crédit Mutuel 976.14 33 UBS 972.18 34 UniCredit 960.21 35 China Minsheng Bank 959.63 36 NatWest Group 957.60 37 Shanghai Pudong Development Bank 950.01 38 China CITIC Bank 904.02 39 Morgan Stanley 895.43 40 Scotiabank 872.62 41 Credit Suisse 812.91 42 Banco Bilbao Vizcaya Argentaria 782.16 43 State Bank of India 730.54 44 Standard Chartered 720.40 45 Commonwealth Bank 688.40 46 China Everbright Bank 679.81 47 Bank of Montreal 665.20 48 Rabobank 662.77 49 Australia and New Zealand Banking Group 661.72 50 DZ Bank 627.31 51 Nordea 622.66 52 Westpac 611.47 53 National Australia Bank 571.34 54 Ping An Bank 565.72 55 Danske Bank 564.83 56 Resona Holdings 549.51 57 Sumitomo Mitsui Trust Holdings 509.28 58 Canadian Imperial Bank of Commerce 495.99 59 U.S. Bancorp 495.43 60 Sberbank of Russia 482.53 61 Shinhan Bank 478.50 62 Commerzbank 478.40 63 Truist Financial Corp 473.08 64 KB Financial Group Inc 449.15 65 CaixaBank 439.25 66 DBS Bank 430.45 67 Nomura Holdings 425.50 68 Huaxia Bank 422.74 69 ABN AMRO Group 420.89 70 PNC Financial Services 410.30 71 Itaú Unibanco 407.37 72 Capital One 390.37 73 The Bank of New York Mellon 381.51 74 Bank of Beijing 374.97 75 Nonghyup Bank 369.92 76 OCBC Bank 365.57 77 Banco do Brasil 365.51 78 Hana Financial Group 365.10 79 Banco Bradesco 345.21 80 China Guangfa Bank 343.26 81 Handelsbanken 328.59 82 KBC Bank 327.87 83 Caixa Econômica Federal 321.68 84 DNB ASA 317.75 85 Woori Bank 313.54 86 Nationwide Building Society 307.45 87 Bank of Shanghai 306.04 88 SEB Group 305.79 89 La Banque postale 304.88 90 United Overseas Bank 300.68 91 Bank of Jiangsu 296.58 92 Landesbank Baden-Württemberg 287.99 93 Erste Group 275.72 94 Industrial Bank of Korea 275.54 95 BayernLB 266.27 96 Qatar National Bank 259.48 97 China Zheshang Bank 258.63 98 Swedbank 257.79 99 Raiffeisen Gruppe 256.43 100 Banco Sabadell 251.10 Banks by country or territory Number of banks in the top 100 by total assets [1] Rank Country Number 1 China 18 2 United States 11 3 Japan 8 France 6 4 South Korea 6 United Kingdom 6 Canada 5 5 Germany 5 Australia 4 6 Brazil 4 Spain 4 Netherlands 3 Singapore 3 7 Sweden 3 Switzerland 3 8 Italy 2 Austria 1 Belgium 1 Denmark 1 Finland 1 9 India 1 Norway 1 Russia 1 Qatar 1 By market capitalization The list is based on Relbanks.com's ranking as at 12 January 2018, where the data are derived from annual reports and financial statements of the companies.[4] Market cap Rank Bank name (US$ billion) 1 JPMorgan Chase 387.492 2 Industrial and Commercial Bank of China 345.214 3 Bank of America 325.331 4 Wells Fargo 308.013 5 China Construction Bank 257.399 6 HSBC Holdings PLC 219.270 7 Agricultural Bank of China 203.244 8 Citigroup Inc. 203.165 9 Bank of China 181.469 10 China Merchants Bank 122.616 11 Royal Bank of Canada 122.564 12 Banco Santander 115.696 13 Commonwealth Bank 112.227 14 Mitsubishi UFJ Financial Group 111.660 15 Toronto-Dominion Bank 108.449 16 HDFC Bank 134.4 (https://www.bloomberg.com/quote/HDB:US) 17 Goldman Sachs 100.705 18 Sberbank of Russia 99.840 19 Morgan Stanley 99.651 20 U.S. Bancorp 94.558 21 BNP Paribas 93.329 22 Itaú Unibanco 86.203 23 Westpac 84.560 24 Scotiabank 78.947 25 ING Group 78.920 26 UBS 75.482 27 Charles Schwab 74.255 28 PNC Financial Services 72.246 29 Lloyds Banking Group 71.253 30 Sumitomo Mitsui Financial Group 67.328 31 Bank of Communications 67.078 32 Australia and New Zealand Banking Group 66.448 33 Banco Bradesco 64.816 34 National Australia Bank 63.794 35 Intesa Sanpaolo 62.032 36 Banco Bilbao Vizcaya Argentaria 60.678 37 Japan Post Bank 60.525 38 The Bank of New York Mellon 59.823 39 Shanghai Pudong Development Bank 58.796 40 Industrial Bank (China) 57.388 41 Bank of China (Hong Kong) 55.449 42 Bank of Montreal 53.181 43 Crédit Agricole 52.141 44 DBS Bank 51.475 45 Nordea 51.185 46 Capital One 51.107 47 NatWest Group 50.490 48 Mizuho Financial Group 50.018 49 Credit Suisse 48.462 50 Postal Savings Bank of China 47.948 51 China Minsheng Bank 47.921 52 UniCredit 47.777 53 China CITIC Bank 47.451 54 Hang Seng Bank 46.171 55 Société Générale 46.051 56 Barclays 45.850 57 Canadian Imperial Bank of Commerce 43.544 58 Bank Central Asia 43.344 59 Truist Financial 41.923 60 Oversea-Chinese Banking Corp 41.362 61 State Bank of India 40.562 62 State Street 39.769 63 Deutsche Bank 38.649 64 KBC Bank 38.394 65 Danske Bank 38.223 66 Ping An Bank 37.993 67 Standard Chartered 37.319 68 United Overseas Bank 35.128 69 QNB Group 33.560 70 Bank Rakyat Indonesia 33.081 Banks by country or territory Total market capital (US$ billion) across the top 70 banks by country Total Market Cap Banks ranks by Market Cap Rank Country Number (US$ billion) (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 2,5,7,9,10,31,39,40,50,51,53,66 United Kingdom 5 470.032 6,29,47,56,67 3 Canada 5 406.685 11,15,24,42,57 Australia 4 327.029 13,23,32,34 5 Japan 4 289.281 14,30,37,48 France 3 201.45 16,43,55 7 Singapore 3 127.965 44,60,68 Spain 2 176.678 12,36 Brazil 2 151.019 22,33 India 2 128.997 21,61 9 Switzerland 2 123.944 26,49 Italy 2 109.809 35,52 Hong Kong 2 101.62 41,54 Russia 1 99.840 18 Netherlands 1 78.920 25 15 Sweden 3 75.32 75,86,89 Finland 1 51.185 45 See also List of systemically important banks List of largest banks in the United States List of largest banks in North America References 1. Ali, Zarmina (April 7, 2020). "The world's 100 largest banks" (https://www.spglobal.com/marketi ntelligence/en/news-insights/latest-news-headlines/the-world-s-100-largest-banks-2020-57854 079). Standard & Poor. Retrieved June 23, 2020. 2. "World's 100 Biggest Banks: China's ICBC #1" (https://www.forbes.com/sites/halahtouryalai/20 14/02/12/worlds-100-biggest-banks-chinas-icbc-1-no-u-s-banks-in-top-5/). Forbes. February 12, 2014. 3. "JPMorgan Chase 2020 Annual Report" (https://www.jpmorganchase.com/content/dam/jpmc/jp morgan-chase-and-co/investor-relations/documents/annualreport-2020.pdf) (PDF). JPMorgan Chase. April 7, 2020. Retrieved June 6, 2021. 4. "World's Largest Banks 2018" (https://www.relbanks.com/worlds-top-banks/market-cap).