Top 10 banks of the world, list of largest banks
By Sanjay Maurya
So far, the financial industry‘s collective response to the pandemic has been amazing. It wasn’t simple to go entirely virtual in only a few weeks and use a new operating model. Despite a few hiccups, many banking transactions ran smoothly. During the pandemic, banks played a significant in stabilizing the economy and distributing government stimulus and relief programmes throughout Canada, United Kingdom, Japan, United States, and other European countries. Today we will meet the Top 10 banks of the world.
Top 10 banks of the world
01 – Industrial and Commercial Bank of China (ICBC)
- Headquarters: China
- Founded:1 January 1984
- Number of employees:4,53,048 (2018)
- Market cap: $246.5 billion
- Total assets: $4,614 billion
Banking services are provided by the Industrial and Commercial Bank of China Limited (top 10 banks of the world). Deposits, loans, fund underwriting, foreign currency settlement, and other services are available through the company. Individuals, businesses, and other clients are handled by the Industrial and Commercial Bank of China.
The Industrial and Commercial Bank of China is the largest bank in China in terms of total assets. The Industrial and Commercial Bank of China (ICBC) declared total assets of 33.3 trillion yuan in 2020.
02 – China Construction Bank Corporation
- Headquarters: China
- Founded by: Ministry of Finance of the People’s Republic of China
- Founded:1 October 1954
- Number of employees:3,45,971
- Market cap: $257.3 billion
- Total assets: $4,354 billion
The People’s Republic of China’s “big four” banks include China Construction Bank Corporation (top 10 banks of the world). CCB was the world’s second-largest bank and sixth-largest corporation in 2015, according to market value. There are 13,629 domestic branches of the bank. Its total assets surpassed CN 8.7 trillion in 2009, and the Financial Stability Board considers it a systemically significant bank. Its headquarters are in Beijing’s Xicheng District.
03 – Agricultural Bank of China
- Headquarters: Beijing, China
- President: Zhao Huan
- Number of employees:4,67,631
- Market cap: $203.2 billion
- Total assets: $4,214 billion
The Agricultural Bank of China (top 10 banks of the world), often known as AgBank, is one of the People’s Republic of China’s “Big Four” banks. It was established on July 10, 1951, and is headquartered in Beijing’s Dongcheng District. It has offices in Tokyo, New York, Frankfurt, Sydney, Seoul, Hong Kong, London, and Singapore, as well as mainland China. ABC has approximately 24,000 locations and 320 million retail consumers. It also has 2.7 million corporate clients. By assets, it is China’s third-largest lender.
04 – Bank of China Ltd.
- Headquarters: China
- Founder: Chen Jintao
- Founded:5 February 1912
- Number of employees:3,11,000
- Market cap: $181.4 billion
- Total assets: $4,073 billion
One of China’s four largest state-owned commercial banks is the Bank of China (top 10 banks of the world). Although Bank of China and its subsidiary Bank of China are officially separate, they have strong links in management and administration and collaborate in several sectors, including reselling BOC’s insurance and securities services. The Bank of China is one of China’s oldest and most reliable financial institutions. It was founded in 1912 and continues to lead the national banking industry.
05 – JPMorgan Chase
- CEO: Jamie Dimon
- Headquarters: United States
- Founded:1 December 2000
- Market cap: $488.4 billion (1st)
- Total assets: $3,684 billion
JPMorgan Chase & Co., (top 10 banks in the world) based in New York City, is an American global investment bank and financial services holding corporation. In terms of assets, JPMorgan Chase & Co. is the largest bank in the US. Individuals, businesses, institutions, and governments across the world use the company’s services, which include consumer banking, investment banking, commercial banking, and asset management.
06 – Mitsubishi UFJ Financial Group
- CEO:Hironori Kamezawa
- Headquarters: Japan
- Number of employees:1,68,400
- Market cap: $111.6 billion
- Total assets: $3,100 billion
Mitsubishi UFJ Financial Group, Inc. (top 10 banks of the world) is a Japanese financial service and bank holding corporation based in Chiyoda, Tokyo. MUFG is one of the world’s largest financial groups, with total assets of approximately $3.1 trillion (USD). It offers services in commercial and consumer banking and corporate and investment banking, as well as securities, wealth management, transaction banking, and other areas.
07 – BNP Paribas
- CEO:Jean-Laurent Bonnafé
- Revenue:4,459.7 crores EUR
- Parent organization:BGL BNP Paribas
- Market cap: $93.3 billion
- Total assets: $3,080 billion
BNP Paribas S.A. (top 10 banks in the world) is a financial services company based in France. is a multinational banking firm. It is the largest financial group in France, Europe’s largest bank, and the world’s seventh-largest bank by total assets. BNP Paribas is a global bank with operations in 72 countries on five continents.
The Group provides bespoke capital markets, securities services, finance, treasury, and financial consulting solutions to business and institutional clients. BNP Paribas, which has a presence in 68 countries, assists clients globally, especially through One Bank.
08 – HSBC Holdings plc
- Headquarters: United Kingdom
- CEO: Noel Quinn
- Founder: Thomas Sutherland
- Founded:3 March 1865
- Market cap: $219.2 billion
- Total assets: $2,984 billion
HSBC Holdings plc (top 10 banks in the world) is a global investment bank and financial services holding corporation headquartered in the United Kingdom. With total assets of $2.984 trillion, this is Europe’s second-largest bank (as of December 2020). HSBC has about 3,900 offices and 38 million clients in 65 countries and territories throughout Africa, Asia, Oceania, Europe, North America, and South America.
HSBC’s financial services, private banking, retail banking, commercial banking, and global banking and market sectors provide consumers with access to worldwide markets.
09 – Bank of America (BoA)
- Headquarters: United States
- Revenue:8,552 crores USD
- Employees:2,13,000
- Market cap: $279.2 billion
- Total assets: $2,820 billion
The Bank of America Corporation (top 10 banks in the world) based in Charlotte, North Carolina, is an American global investment bank and financial services holding corporation. The bank was founded in 1998 (San Francisco) as a result of NationsBank’s acquisition of BankAmerica. It is the United States’ second-biggest banking institution and the world’s ninth-largest bank. Bank of America is one of the United States’ Big Four financial organizations.
10 – Crédit Agricole
- Headquarters: Montrouge, France
- CEO: Philippe Brassac
- Founded:5 November 1894
- Market cap: $52.1 billion
- Total assets: $2,278 billion
Crédit Agricole Group (top 10 banks in the world) is the French economy’s major financial sponsor; it is the world’s tenth-largest bank by total assets, with 48 countries covered, 142 000 workers, and 52 million clients globally. Crédit Agricole grew into an international full-service banking business in 1990.
According to Fortune magazine, the company was the top bank in France with 28% of the industry, the worldwide number-two in revenues and profits, and the number-15 worldwide as per Forbes rankings.
Top 10 banks of the world
- Industrial and Commercial Bank of China (ICBC)
- China Construction Bank Corporation
- Agricultural Bank of China
- Bank of China Ltd.
- JPMorgan Chase
- Mitsubishi UFJ Financial Group
- BNP Paribas
- HSBC Holdings plc
- Bank of America (BoA)
- Crédit Agricole
FAQ
Which are the top 10 banks in the world?
The list of top 10 banks in the world are as follows: –
- Industrial and Commercial Bank of China (ICBC)
- China Construction Bank Corporation
- Agricultural Bank of China
- Bank of China Ltd.
- JPMorgan Chase
- Mitsubishi UFJ Financial Group
- BNP Paribas
- HSBC Holdings plc
- Bank of America (BoA)
- Crédit Agricole
Read the full article to explore the top 10 banks of the world.
Which is the no 1 bank in the world?
Industrial and Commercial Bank of China (ICBC) – Banking services are provided by the Industrial and Commercial Bank of China Limited (top 10 banks of the world). Deposits, loans, fund underwriting, foreign currency settlement, and other services are available through the company. Read the full article to explore the top 10 banks of the world.
What is the list of the top 10 central banks in the world?
The list of top 10 central banks in the world are as follows: –
- Bank for International Settlements (BIS)
- Federal Reserve System (Fed)
- European Central Bank (ECB)
- Bank of England (BOE)
- Bank of Japan (BOJ)
- Swiss National Bank (SNB)
- Bank of Canada (BOC)
- Reserve Bank of Australia–RBA.
- Reserve Bank of New Zealand–RBNZ.
- The Bottom Line.
Read the full article to explore the top 10 banks of the world.
Which is the no 1 bank in India?
DBS Bank has been named the Best Bank in India for the second year in a row. DBS Bank is one of 30 local and international banks operating in India. With more than 89 locations, 2000 self-service bank machines, and over 4.5 million clients across Asia, it has a global network that covers 50 cities and 15 markets. Read the full article to explore the top 10 banks of the world.
What are the top 10 banks in India?
The top 10 banks in India are as follows: –
- HDFC Bank
- State Bank of India
- ICICI Bank
- Axis Bank
- Kotak Mahindra Bank
- IndusInd Bank
- Yes Bank
- Punjab National Bank
- Bank of Baroda
- Bank of India
Read the full article to explore the top 10 banks of the world.
Which is the no 1 bank in United State?
JPMorgan Chase & Co., (top 10 banks in the world) based in New York City, is an American global investment bank and financial services holding corporation. In terms of assets, it is the largest bank in the US. Read the full article to explore the top 10 banks of the world.