15 of the largest banks in the world in 2023

Banks are an integral part of the global financial system, and they play a crucial role in the economy of every country. The world’s largest banks are those that have the highest assets and market capitalization.

In this article, we will take a look at the top 15 largest banks in the world.

  1. Industrial and Commercial Bank of China Limited:

The Industrial and Commercial Bank of China Limited (ICBC) is the largest bank in the world by total assets. It was founded in 1984 and is headquartered in Beijing, China. ICBC operates in over 40 countries and has more than 400,000 employees. The bank offers a wide range of financial services, including personal banking, corporate banking, investment banking, and asset management.

  1. China Construction Bank:

The China Construction Bank (CCB) is the second-largest bank in the world by total assets. It was founded in 1954 and is headquartered in Beijing, China. CCB has a presence in 29 countries and regions and has over 370,000 employees. The bank provides a wide range of financial services, including personal banking, corporate banking, and investment banking.

  1. Agricultural Bank of China:

The Agricultural Bank of China (ABC) is the third-largest bank in the world by total assets. It was founded in 1951 and is headquartered in Beijing, China. ABC has a presence in over 30 countries and has more than 500,000 employees. The bank provides a wide range of financial services, including personal banking, corporate banking, and investment banking.

  1. Bank of China:

The Bank of China (BOC) is the fourth-largest bank in the world by total assets. It was founded in 1912 and is headquartered in Beijing, China. BOC has a presence in over 50 countries and has more than 300,000 employees. The bank provides a wide range of financial services, including personal banking, corporate banking, and investment banking.

  1. JPMorgan Chase:

JPMorgan Chase is the largest bank in the United States and the fifth-largest bank in the world by total assets. It was founded in 1799 and is headquartered in New York City. JPMorgan Chase has a presence in over 100 countries and has more than 250,000 employees. The bank provides a wide range of financial services, including personal banking, corporate banking, investment banking, and asset management.

  1. BNP Paribas:

BNP Paribas is a French multinational bank and financial services company. It was founded in 2000 and is headquartered in Paris, France. BNP Paribas has a presence in over 70 countries and has more than 190,000 employees. The bank provides a wide range of financial services, including personal banking, corporate banking, investment banking, and asset management.

  1. China Development Bank:

The China Development Bank (CDB) is a Chinese policy bank that was founded in 1994. It is headquartered in Beijing, China. CDB has a presence in over 40 countries and has more than 30,000 employees. The bank provides financing for infrastructure projects and other key areas of the Chinese economy.

  1. Bank of America:

Bank of America is the second-largest bank in the United States and the eighth-largest bank in the world by total assets. It was founded in 1904 and is headquartered in Charlotte, North Carolina. Bank of America has a presence in over 35 countries and has more than 200,000 employees. The bank provides a wide range of financial services, including personal banking, corporate banking, investment banking, and asset management.

  1. Mitsubishi UFJ Financial Group:

Mitsubishi UFJ Financial Group (MUFG) is a Japanese bank and financial services company. It was founded in 2005 and is headquartered in Tokyo, Japan. MUFG has a presence in over 50 countries and has more than 150,000 employees. The bank provides a wide range of financial services, including personal banking, corporate banking, investment banking, and asset management.

  1. Crédit Agricole:

Crédit Agricole is a French cooperative bank and financial services company. It was founded in 1894 and is headquartered in Montrouge, France. Crédit Agricole has a presence in over 50 countries and has more than 140,000 employees. The bank provides a wide range of financial services, including personal banking, corporate banking, investment banking, and asset management.

  1. Sumitomo Mitsui Banking Corporation:

Sumitomo Mitsui Banking Corporation (SMBC) is a Japanese bank and financial services company. It was founded in 2001 and is headquartered in Tokyo, Japan. SMBC has a presence in over 40 countries and has more than 75,000 employees. The bank provides a wide range of financial services, including personal banking, corporate banking, investment banking, and asset management.

  1. Postal Savings Bank of China:

The Postal Savings Bank of China (PSBC) is a Chinese state-owned commercial bank. It was founded in 2007 and is headquartered in Beijing, China. PSBC has a presence in over 40 countries and has more than 200,000 employees. The bank provides a wide range of financial services, including personal banking, corporate banking, and investment banking.

  1. Japan Post Bank:

Japan Post Bank is a Japanese bank and financial services company. It was founded in 2006 and is headquartered in Tokyo, Japan. Japan Post Bank has a presence in over 20 countries and has more than 30,000 employees. The bank provides a wide range of financial services, including personal banking, corporate banking, and investment banking.

  1. Bank of Communications:

The Bank of Communications (BOCOM) is a Chinese commercial bank. It was founded in 1908 and is headquartered in Shanghai, China. BOCOM has a presence in over 40 countries and has more than 90,000 employees. The bank provides a wide range of financial services, including personal banking, corporate banking, and investment banking.

  1. Banco Santander:

Banco Santander is a Spanish multinational bank and financial services company. It was founded in 1857 and is headquartered in Madrid, Spain. Banco Santander has a presence in over 40 countries and has more than 200,000 employees. The bank provides a wide range of financial services, including personal banking, corporate banking, investment banking, and asset management.

Table of the Largest Banks in the World Today

RankNameFinancial SizeCountry
1Industrial and Commercial Bank of China$5.5 trillionChina
2China Construction Bank$4.7 trillionChina
3Agricultural Bank of China$4.5 trillionChina
4Bank of China$4.2 trillionChina
5JPMorgan Chase$3.3 trillionUnited States
6BNP Paribas$2.9 trillionFrance
7China Development Bank$2.69 trillionChina
8Bank of America$2.5 trillionUnited States
9Mitsubishi UFJ Financial Group$2.35 trillionJapan
10Crédit Agricole$2.34 trillionFrance
11Sumitomo Mitsui Banking Corporation$2.06 trillionJapan
12Postal Savings Bank of China$1.97 trillionChina
13Japan Post Bank$1.97 trillionJapan
14Bank of Communications$1.91 trillionChina
15Banco Santander$1.8 trillionSpain

In conclusion, the largest banks in the world are predominantly from China and the United States. These banks have a significant impact on the global economy and play a crucial role in the financial system. The banks listed in this article offer a wide range of financial services, including personal banking, corporate banking, investment banking, and asset management. Understanding the largest banks in the world is essential for anyone interested in finance and top lists.

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