List of largest banks

The following are lists of the largest banks in the world, as measured by market capitalization and total assets.

By market capitalization

The list is based on Forbes ranking as of January 2024 based on an analysis of the bank's operations, financial performance, and overall impact on the global economy.

Many of the largest banks in the world are part of larger bank holding companies. This structure allows them to offer various financial services, making them more resilient and competitive in the global market. ^[1]

JPMorgan Chase, the largest bank in the world by market capitalization

Here's a table showcasing the ten largest banks in the world, ranked by their market caps (as of January 02, 2024).

Rank	Bank name	Market cap (US$ billion)
1	JPMorgan Chase	491.76
2	Bank of America	266.45
3	Industrial and Commercial Bank of China	219.45
4	Wells Fargo	178.74
5	Agricultural Bank of China	175.69
6	HDFC Bank	169.84
7	HSBC Holdings PLC	156.13
8	Morgan Stanley	153.05
9	China Construction Bank	151.97
10	Bank of China	150.39

By total assets

Industrial and Commercial Bank of China, the largest bank in the world by total assets

This list is based on the April 2023 S&P Global Market Intelligence report of the 100 largest banks in the world. The ranking was based upon assets as reported and was not adjusted for different accounting treatments.^[2] Another publication which compiles an annual list of the world's largest banks is The Banker magazine. It publishes a list of the World 1000 Largest Banks every July.^[3] The financial data published by the July yearly issue of The Banker are much more extensive compared to the S&P Top 100 banks, but it is not a publication intended for the general public. Some banks were added due to their annual reports.

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.^[4] If JPMorgan Chase reported under the IFRS, it would be ranked 2nd on the list (As of 2023), rather than 5th.^[2]

Rank	Bank name	Total assets (2022) (US$ billion)
1	Industrial and Commercial Bank of China Limited	5,742.86
2	China Construction Bank	5,016.81
3	Agricultural Bank of China	4,919.03
4	Bank of China	4,192.12
5	JPMorgan Chase	3,898.33
6	Bank of America	3,051.38
7	Mitsubishi UFJ Financial Group	2,967.91
8	HSBC	2,864.59
9	BNP Paribas	2,849.61
10	Crédit Agricole	2,542.61
11	Citigroup Inc.	2,416.68
12	Postal Savings Bank of China	2,039.56
13	SMBC Group	2,006.75
14	Mizuho Financial Group	1,909.35
15	Bank of Communications	1,883.72
16	Wells Fargo	1,881.02
17	Banco Santander	1,853.86
18	Barclays	1,823.84
19	Japan Post Bank	1,719.92
20	UBS	1,679.36
21	Groupe BPCE	1,636.35
22	Société Générale	1,588.99
23	Royal Bank of Canada	1,544.17
24	Toronto-Dominion Bank	1,524.83
25	Deutsche Bank	1,480.22
26	China Merchants Bank	1,470.00
27	Goldman Sachs	1,441.80
28	Industrial Bank (China)	1,343.54
29	China CITIC Bank	1,239.28
30	Shanghai Pudong Development Bank	1,184.28
31	Morgan Stanley	1,180.23
32	Crédit Mutuel	1,180.22
33	Lloyds Banking Group	1,057.69
34	China Minsheng Bank	1,051.97
35	Intesa Sanpaolo	1,042.73
36	ING Group	1,034.32
37	Scotiabank	1,029.80
38	UniCredit	916.72
39	China Everbright Bank	913.49
40	NatWest Group	867.59
41	Bank of Montreal	859.05
42	Commonwealth Bank	837.21
43	Standard Chartered	819.92
44	La Banque postale	796.88
45	Ping An Bank	771.55
46	Banco Bilbao Vizcaya Argentaria	762.15
47	Norinchukin Bank	753.26
48	State Bank of India	694.94
49	Canadian Imperial Bank of Commerce	691.31
50	National Australia Bank	679.76
51	U.S.Bancorp	674.81
52	Rabobank	671.70
53	DZ Bank	670.13
54	Australia and New Zealand Banking Group	669.66
55	Westpac	653.39
56	Nordea	635.72
57	KfW	604.95
58	CaixaBank	604.03
59	Sberbank of Russia	566.07
60	KB Financial Group Inc	557.54
61	PNC Financial Services	557.26
62	Resona Holdings	557.10
63	Truist Financial Corp	555.26
64	DBS	554.40
65	Danske Bank	540.66
66	Huaxia Bank	540.04
67	Shinhan Bank	537.44
68	China Guangfa Bank	528.91
69	Sumitomo Mitsui Trust Holdings	516.83
70	Commerzbank	510.25
71	Capital One	455.25
72	Hana Financial Group	452.34
73	Bank of Beijing	447.54
74	Itaú Unibanco	439.50
75	OCBC	417.61
76	Nonghyup Bank	417.37
77	Bank of Jiangsu	410.83
78	The Bank of New York Mellon	405.78
79	ABN AMRO	405.67
80	DekaBank	405.26
81	Bank of Shanghai	405.13
82	Woori Bank	382.05
83	KBC Bank	380.33
84	China Zheshang Bank	380.14
85	Banco do Brasil	379.78
86	United Overseas Bank	376.07
87	Nomura Holdings	373.41
88	HypoVereinsbank	346.62
89	Landesbank Baden-Württemberg	346.45
90	Erste Group	346.12
91	Industrial Bank of Korea	343.49
92	Bank of Ningbo	343.05
93	Banco Bradesco	340.41
94	SEB Group	338.91
95	VTB Bank	335.11
96	Handelsbanken	331.32
97	DNB ASA	328.50
98	Qatar National Bank	323.56
99	National Bank of Canada	312.67
100	Macquarie Group	313.47

Banks by country or territory

Number of banks in the top 100 by total assets ^[2]

Rank	Country	Number
1	China	20
2	United States	11
3	Japan	8
4	Germany	7
5	France	6
	Canada	6
	South Korea	6
8	Australia	5
	United Kingdom	5
10	Spain	3
	Netherlands	3
	Singapore	3
	Brazil	3
14
	Italy	2
	Russia	2
	Sweden	2
18	Switzerland	1
	India	1
	Finland	1
	Denmark	1
	Belgium	1
	Austria	1
	Norway	1
	Qatar	1

* Includes all beneath counted banks of member states of the European Union

See also

• List of systemically important banks
• List of largest banks in Africa
• List of largest banks in the Americas
• List of largest banks in North America
• List of largest banks in Latin America
• List of largest banks in Southeast Asia
• List of largest banks in the United States
• List of banks in Europe
• List of banks in Asia
• List of banks in Oceania
• List of banks in Africa

References

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