It is one of the “BIG FOUR” of the Heavenly Empire and controls almost 1/5 of all banking in China. China remains to be home to the greatest number of top 100 banks, with 19 institutions collectively holding assets worth $25.814 trillion. 62, with $478.40 billion in assets, after adjusting for its pending sale of mBank SA. 62 last year. Bank. In recent months, … platform or S&P Capital IQ. 1. latest-news-headlines Banking Essentials Newsletter: May Edition, Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9, Banking Essentials Newsletter: April Edition - Part 2, The Evolution of Cloud Banking: Successful Implementation & Frameworks. Despite an economic slowdown on the back of global trade tensions, China's largest banks continued to grow in 2019 and further embedded their positions among the world's biggest banks, S&P Global Market Intelligence's annual global bank ranking shows. esgSubNav. The banking giant would have ranked two spots higher, at No. The majority of the banks were ranked by total assets as of Dec. 31, 2019. Thank you for your interest in S&P Global Market Intelligence! Established in 1984, the Industrial and Commercial Bank of China has quickly grown to become the largest bank in the world based on assets. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. HSBC Holding plc. Agricultural Bank of China 27 from No. We may reach out with a phone call to get you what you need as soon as possible. $3.25 trillion. Bank of China. The Industrial and Commercial Bank of China is the largest of the Big Four. S&P Global China Credit Analytics Platform, Differentiated Data to Make Informed Decisions. 99 spot with $256.43 billion, and Qatar National Bank (QPSC) which landed on No. Listed below are the biggest banks in the world based on market capitalization. China … Largest banks in the world must take steps to achieve their goals, to meet obstacles. Bank of China. 18. [2] If JPMorgan Chase reported under the IFRS, it would be ranked 5th in the list as of 2020[update], rather than 7th. Further details may exist on the, List of largest banks in the United States, "World's 100 Biggest Banks: China's ICBC #1", https://en.wikipedia.org/w/index.php?title=List_of_largest_banks&oldid=1022174164, Articles to be expanded from September 2020, Articles containing potentially dated statements from 2020, All articles containing potentially dated statements, Creative Commons Attribution-ShareAlike License, This page was last edited on 8 May 2021, at 22:47. But while JPMorgan Chase slipped one spot to No. (To see the full impact of currency conversions on the 100 largest banks, download the Excel file linked above). 18. 96 with assets of $259.48 billion. Big U.S. and Chinese banks got bigger during the pandemic, and they dominate the top of the world’s largest public companies list. [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. Asia. $4,894,490,000,000. The U.S. followed next with 11 institutions holding combined assets of $13.039 trillion. China's "Big Four" — Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Agricultural Bank of China Ltd. and Bank of China Ltd. — all maintained their positions as the four largest banks in the world, posting a combined asset value of $14.821 trillion, up 7.52% from the prior year's ranking. In the previous ranking published April 5, 2019, most company assets were as of Dec. 31, 2018, and were adjusted for pending and completed M&A as of March 31, 2019. #1) Industrial & Commercial Bank Of China. What is your primary phone number we can reach you? 1,479. [3], Please expand the article to include this information. Market Intelligence We will use this information to route your request to the right team within our company. Banks listed amongst the 100 largest by the Federal Reserve but not the Federal Financial Institutions Examination Council, because they are not holding companies, are as follows: First Republic Bank; Bank OZK; Zions Bancorporation; See also. Among the notable movements in this year's ranking was London-based Barclays PLC, which moved up two spots on the ranking to No. 6. United Arab Emirates. [1], 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. The 20 biggest banks in the world By Atholl Simpson 24 Apr, 2019 Find out which banks held the most assets at the end of 2018 - according to S&P Global Market Intelligence - in a year that included a trade war, Brexit chaos and a rallying dollar. Wells Fargo. Mitsubishi UFJ Financial Group. of the remaining 15 Chinese banks on the top-100 list ranked higher this year than they had previously. UBS consistently ranks among one of the world's largest private banks. Fill out the form so we can connect you to the right person. 5. CFI is the official global provider of the Financial Modeling and Valuation Analyst (FMVA)™ Become a Certified Financial Modeling & Valuation Analyst (FMVA)® certification, designed to transform anyone into a world-class financial analyst. $3.56 trillion. 35, bolstered in part by its pending acquisition of Unione di Banche Italiane SpA. The Industrial and Commercial Bank of China is currently the largest bank in the world. JPMorgan Chase & Co. Citigroup. Conversely, Germany-based Commerzbank AG slipped six spots to No. While primarily active within China, it has also started to invest and operate globally in recent times, particularly in Africa. Other Chinese banks also saw strong asset growth compared to their global peers; nine of the remaining 15 Chinese banks on the top-100 list ranked higher this year than they had previously. Like many of the biggest banks, Bank of America is known for … /marketintelligence/en/news-insights/latest-news-headlines/the-world-s-100-largest-banks-2020-57854079 content Forbes - Big U.S. and Chinese banks got bigger during the pandemic, and they dominate the top of the world’s largest public companies list. We use this when contacting you to make sure we reach the right person. ICBC 5 ICBC 5 China Construction Bank 9 China Construction Bank 9 Agricultural Bank of China 8 Agricultural Bank of China 8 Bank of China 6 Bank of China 6 JPMorgan Chase 3 JPMorgan Chase 3 Bank of America 2 Bank of America 2 Wells Fargo 7 Wells Fargo 7 Citigroup 1 Citigroup 1 HSBC Holdings 4 HSBC Holdings 4. Here’s a list of top 10 largest banks in the world which are at the top of their game. Chinese banks came out on top as the world's biggest, according to calculations by The Banker. One of the two so-called “too big to fail” banks, along with Bank of America, J.P. Morgan Chase is the 10 th largest bank in the world with $2.03 trillion in assets. Help us understand your needs, so we can provide the essential intelligence you need to make decisions with conviction. 3. We’ll use this to see what company you’re aligned with to better assist you. ICBC has $4,913 billion total assets according to the latest … Half of the 10 largest companies on the Forbes Global 2000 list, and eight of the top 20 companies, are banks based in the United States or China. 5, had it reported in IFRS instead of U.S. GAAP. Thanks for checking out CFI’s list of top investment banks and the largest 100 global banks. It was established in 1984 and today serves over 650 million retail and corporate customers. Only the top banks are shown in this list and banks companies that are not publicly traded are excluded. Here are the top 20 largest banks in the world. Follow this link to download the above chart in Microsoft Excel. 2. These are lists of the banks in the world, as measured by total assets. What country or region is your city in? The ranking was based upon assets as reported and was not adjusted for different accounting treatments. Bank of America Corporation ranks second in the list with a market value of $347 billion. This bank has also played a vital part in the economic depression of 1930’s. At this time we are unable to offer free trials or product demonstrations directly to students. However, the pro forma assets of the combined entity were considered in the previous ranking and clocked it at No. maintained their positions as the four largest banks in the world. Please contact your professors, library, or administrative staff to receive your student login. The largest and richest bank in the world is the Industrial and Commercial Bank of China (ICBC). 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