The World’s Top 50 Largest Banks

Banks are often among the biggest companies in the world.

In this graphic, we list the top 50 banks in the world by consolidated assets, based on a 2023 report from S&P Global Market Intelligence. The data represents each bank’s total assets for the most recent period available.

Chinese Banks Keep on Growing

According to S&P, the four largest Chinese banks grew their assets by 4.1% in 2022, reaching a combined total of $19.8 trillion.

In fact, Chinese banks already account for over a third of the assets held by the largest banks on the planet. Four of the 15 biggest companies in China are banks.

The Chinese financial market is followed by the American market on our list, with six U.S. banks combining for $13.7 trillion in assets.

The top 10 on the list include four Chinese banks, two American institutions, two French, one Japanese, and one British.

The biggest climber on our rank was Swiss UBS Group AG. The bank surged to 20th place from 34th in 2021. Its $1.6 trillion asset size has been adjusted to incorporate troubled Credit Suisse Group AG, which UBS agreed to take over in an emergency deal orchestrated by the Swiss authorities in March 2023.

Assets held by the 100 largest banks totaled $111.97 trillion in 2022, down 1.5% from $113.67 trillion a year earlier. Some of the reasons include high inflation, interest rate hikes, and the Russia-Ukraine war, which dampened global economic growth and investor sentiment.

Rank Bank Headquarters Total Assets
1 Industrial and Commercial Bank of China China $5.7T
2 China Construction Bank Corp China $5.0T
3 Agricultural Bank of China China $4.9T
4 Bank of China China $4.2T
5 JPMorgan Chase & Co. US $3.7T
6 Bank of America US $3.1T
7 Mitsubishi UFJ Financial Group Japan $3.0T
8 HSBC Holdings UK $2.9T
9 BNP Paribas France $2.9T
10 Cr�dit Agricole France $2.5T
11 Citigroup US $2.4T
12 Postal Savings Bank of China China $2.0T
13 Sumitomo Mitsui Financial Group Japan $2.0T
14 Mizuho Financial Group Japan $1.9T
15 Bank of Communications China $1.9T
16 Wells Fargo & Co. US $1.9T
17 Banco Santander Spain $1.9T
18 Barclays PLC UK $1.8T
19 JAPAN POST BANK Japan $1.7T
20 UBS Group Switzerland $1.7T
21 Groupe BPCE France $1.6T
22 Soci�t� G�n�rale France $1.6T
23 Royal Bank of Canada Canada $1.5T
24 The Toronto-Dominion Bank Canada $1.5T
25 China Merchants Bank China $1.5T
26 Goldman Sachs Group US $1.4T
27 Deutsche Bank Germany $1.4T
28 Industrial Bank China $1.3T
29 China CITIC Bank International China $1.2T
30 Shanghai Pudong Development Bank China $1.2T
31 Morgan Stanley US $1.2T
32 Cr�dit Mutuel France $1.2T
33 Lloyds Banking Group UK $1.1T
34 China Minsheng Banking China $1.1T
35 Intesa Sanpaolo Italy $1.0T
36 ING Groep Netherlands $1.0T
37 The Bank of Nova Scotia Canada $1.0T
38 UniCredit Italy $917B
39 China Everbright Bank China $913B
40 NatWest Group UK $868B
41 Bank of Montreal Canada $859B
42 Commonwealth Bank of Australia Australia $837B
43 Standard Chartered UK $820B
44 La Banque Postale France $797B
45 Ping An Bank China $772B
46 Banco Bilbao Vizcaya Argentaria Spain $762B
47 The Norinchukin Bank Japan $753B
48 State Bank of India India $695B
49 Canadian Imperial Bank of Commerce Canada $691B
50 National Australia Bank Australia $680B

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