List of largest banks

Last updated

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

Contents

By total assets

Industrial and Commercial Bank of China, the world's largest bank by total assets ICBC ChanganAVe.jpg
Industrial and Commercial Bank of China, the world’s largest bank by total assets

This list is based on the April 2025 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. [1] 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. [2] 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.[ citation needed ]

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. [3] When adjusted forward this netting, JPMorgan Chase would have US$4,359.78 billion in total assets, rather than US$4,002.81 billion. [1]

RankBank nameTotal assets
(2025)
(US$ billion)
1 Flag of the People's Republic of China.svg Industrial and Commercial Bank of China 6,688.74
2 Flag of the People's Republic of China.svg Agricultural Bank of China 5,923.76
3 Flag of the People's Republic of China.svg China Construction Bank 5,558.38
4 Flag of the People's Republic of China.svg Bank of China 4,803.51
5 Flag of the United States.svg JPMorgan Chase 4,002.81
6 Flag of the United States.svg Bank of America 3,261.52
7 Flag of the United Kingdom.svg HSBC 2,989.81
8 Flag of France.svg BNP Paribas 2,809.83
9 Flag of France.svg Crédit Agricole 2,693.58
10 Flag of Japan.svg Mitsubishi UFJ Financial Group 2,628.12
11 Flag of the People's Republic of China.svg Postal Savings Bank of China 2,340.69
12 Flag of the United States.svg Citigroup 2,151.95
13 Flag of the People's Republic of China.svg Bank of Communications 2,041.45
14 Flag of Japan.svg SMBC Group 1,977.18
15 Flag of the United States.svg Wells Fargo 1,929.85
16 Flag of Spain.svg Banco Santander 1,901.94
17 Flag of the United Kingdom.svg Barclays 1,900.67
18 Flag of Japan.svg Mizuho Financial Group 1,805.52
19 Flag of the United States.svg Goldman Sachs 1,675.97
20 Flag of the People's Republic of China.svg China Merchants Bank 1,664.87
21 Flag of France.svg Groupe BPCE 1,646.53
22 Flag of France.svg Société Générale 1,601.74
23 Flag of Switzerland (Pantone).svg UBS 1,563.32
24 Flag of Japan.svg Japan Post Bank 1,546.95
25 Flag of Canada (Pantone).svg Royal Bank of Canada 1,513.86
26 Flag of Canada (Pantone).svg Toronto-Dominion Bank 1,446.51
27 Flag of the People's Republic of China.svg Industrial Bank 1,439.62
28 Flag of Germany.svg Deutsche Bank 1,436.15
29 Flag of the People's Republic of China.svg China CITIC Bank 1,306.01
30 Flag of the People's Republic of China.svg Shanghai Pudong Development Bank 1,296.31
31 Flag of France.svg Crédit Mutuel 1,252.10
32 Flag of the United States.svg Morgan Stanley 1,215.07
33 Flag of the United Kingdom.svg Lloyds Banking Group 1,135.12
34 Flag of the People's Republic of China.svg China Minsheng Bank 1,070.68
35 Flag of the Netherlands.svg ING Group 1,056.57
36 Flag of Canada (Pantone).svg Bank of Montreal 1,014.36
37 Flag of Canada (Pantone).svg Scotiabank 978.47
38 Flag of Italy.svg Intesa Sanpaolo 966.23
39 Flag of the People's Republic of China.svg China Everbright Bank 953.41
40 Flag of the United Kingdom.svg NatWest Group 886.34
41 Flag of Australia (converted).svg ANZ Group 852.19
42 Flag of the United Kingdom.svg Standard Chartered 849.69
43 Flag of India.svg State Bank of India 846.64
44 Flag of Italy.svg UniCredit 811.68
45 Flag of Australia (converted).svg Commonwealth Bank 809.81
46 Flag of Spain.svg Banco Bilbao Vizcaya Argentaria 799.67
47 Flag of the People's Republic of China.svg Ping An Bank 790.41
48 Flag of France.svg La Banque postale 766.91
49 Flag of Australia (converted).svg National Australia Bank 748.98
50 Flag of Canada (Pantone).svg Canadian Imperial Bank of Commerce 747.91
51 Flag of Australia (converted).svg Westpac 747.10
52 Flag of Germany.svg DZ Bank 682.93
53 Flag of the United States.svg U.S. Bancorp 678.32
54 Flag of Spain.svg CaixaBank 653.28
55 Flag of the Netherlands.svg Rabobank 651.47
56 Flag of Finland.svg Nordea 645.36
57 Flag of the United States.svg Capital One 637.78
58 Flag of Singapore.svg DBS Group 606.13
59 Flag of the People's Republic of China.svg Huaxia Bank 599.59
60 Flag of Germany.svg Commerzbank 574.23
61 Flag of the People's Republic of China.svg Bank of Beijing 574.14
62 Flag of Japan.svg Norinchukin Bank 560.75
63 Flag of the United States.svg PNC Financial Services 560.04
64 Flag of Russia.svg Sberbank of Russia 557.48
65 Flag of the People's Republic of China.svg Bank of Jiangsu 541.41
66 Flag of the United States.svg Truist Financial Corp 531.18
67 Flag of Denmark.svg Danske Bank 515.87
68 Flag of South Korea.svg KB Financial Group 513.01
69 Flag of South Korea.svg Shinhan Financial Group 500.77
70 Flag of the United Kingdom.svg Nationwide Building Society 498.77
71 Flag of Japan.svg Sumitomo Mitsui Trust Holdings 498.16
72 Flag of the People's Republic of China.svg China Guangfa Bank 494.93
73 Flag of India.svg HDFC Bank 494.06
74 Flag of Brazil.svg Itaú Unibanco 492.90
75 Flag of Japan.svg Resona Holdings 491.13
76 Flag of the United States.svg Charles Schwab Corporation 479.84
77 Flag of Singapore.svg Oversea-Chinese Banking Corporation 458.00
78 Flag of the People's Republic of China.svg China Zheshang Bank 455.61
79 Flag of the People's Republic of China.svg Bank of Shanghai 442.06
80 Flag of South Korea.svg Hana Financial Group 431.78
81 Flag of the People's Republic of China.svg Bank of Ningbo 428.16
82 Flag of South Korea.svg Nonghyup Bank 419.37
83 Flag of the United States.svg BNY Mellon 416.06
84 Flag of the Netherlands.svg ABN AMRO 411.66
85 Flag of Singapore.svg United Overseas Bank 393.97
86 Flag of Brazil.svg Banco do Brasil 393.52
87 Flag of South Korea.svg Woori Financial Group 393.34
88 Flag of Belgium (civil).svg KBC Group 386.22
89 Flag of Japan.svg Nomura Holdings 385.00
90 Flag of Germany.svg Landesbank Baden-Württemberg 368.98
91 Flag of Austria.svg Erste Group 366.22
92 Flag of Canada (Pantone).svg National Bank of Canada 365.25
93 Flag of the United States.svg State Street Corporation 362.95
94 Flag of Qatar.svg Qatar National Bank 356.52
95 Flag of the People's Republic of China.svg Bank of Nanjing 355.03
96 Flag of Sweden.svg SEB Group 339.65
97 Flag of Switzerland (Pantone).svg Raiffeisen Group 337.25
98 Flag of Brazil.svg Banco Bradesco 331.96
99 Flag of Russia.svg VTB Bank 330.43
100 Flag of the United Arab Emirates.svg First Abu Dhabi Bank 330.32

Banks by country or territory

Number of banks in the top 100 by total assets [1]
RankCountryNumber
1Flag of the People's Republic of China.svg China 21
2Flag of the United States.svg United States 13
3Flag of Japan.svg Japan 8
4Flag of Canada (Pantone).svg Canada 6
Flag of France.svg France 6
Flag of the United Kingdom.svg United Kingdom 6
7Flag of South Korea.svg South Korea 5
8Flag of Australia (converted).svg Australia 4
Flag of Germany.svg Germany 4
10Flag of Brazil.svg Brazil 3
Flag of the Netherlands.svg Netherlands 3
Flag of Singapore.svg Singapore 3
Flag of Spain.svg Spain 3
14Flag of India.svg India 2
Flag of Italy.svg Italy 2
Flag of Russia.svg Russia 2
Flag of Switzerland (Pantone).svg  Switzerland 2
18Flag of Austria.svg Austria 1
Flag of Belgium (civil).svg Belgium 1
Flag of Denmark.svg Denmark 1
Flag of Finland.svg Finland 1
Flag of Qatar.svg Qatar 1
Flag of Sweden.svg Sweden 1
Flag of the United Arab Emirates.svg United Arab Emirates 1

By market capitalization

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. GlobalData and Forbes India maintain their own lists of the top ten largest banks in the world ranked by their market capitalization. [4] [5]

383 Madison Ave Bear Stearns C R Flickr 1.jpg
JPMorgan Chase, the largest bank in the world by market capitalization
Bank nameGlobalData

(as of 30 September 2024) [4]

Forbes India

(as of 4 October 2024) [5]

RankMarket cap
(US$ billion)
RankMarket cap
(US$ billion)
Flag of the United States.svg JPMorgan Chase 1599.9311583.91
Flag of the United States.svg Bank of America 2307.9002304.56
Flag of the People's Republic of China.svg Industrial and Commercial Bank of China 3303.5433288.06
Flag of the People's Republic of China.svg Agricultural Bank of China 4232.8364231.00
Flag of the People's Republic of China.svg Bank of China 5209.2956187.79
Flag of the People's Republic of China.svg China Construction Bank 6192.7155197.15
Flag of the United States.svg Wells Fargo 7192.2797187.13
Flag of the United Kingdom.svg HSBC 8163.54410159.35
Flag of Australia (converted).svg Commonwealth Bank 9156.639
Flag of the United States.svg Goldman Sachs 10156.356
Flag of Canada (Pantone).svg Royal Bank of Canada 8173.86
Flag of the United States.svg Morgan Stanley 9169.17

See also

References

  1. 1 2 3 Jimenea, Adrian; Wu, John; Terris, Harry; Singh, Yuvraj; Lozano, Cheska (15 April 2025). "The world's largest banks by assets, 2025". spglobal.com. S&P Global Market Intelligence. Retrieved 2 October 2025.
  2. Banker, The. "Top 1000". www.thebanker.com. Retrieved 26 August 2023.
  3. "World's 100 Biggest Banks: China's ICBC #1". Forbes. 12 February 2014.
  4. 1 2 "Top 10 Banks in the World by Market Capitalization". globaldata.com. 30 September 2024. Retrieved 26 October 2024.
  5. 1 2 "The 10 Largest Banks In The World In 2024". Forbes India. 4 October 2024. Retrieved 26 October 2024.