List of largest banks

This article is about commercial banks. For central banks, see Central bank § Statistics.

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

By total assets

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

This list is based on the April 2024 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 . ^[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]

Rank	Bank name	Total assets (2024) (US$ billion)
1	Industrial and Commercial Bank of China	6,303.44
2	Agricultural Bank of China	5,623.12
3	China Construction Bank	5,400.28
4	Bank of China	4,578.28
5	JPMorgan Chase	4,002.81
6	Bank of America	3,349.42
7	HSBC	2,919.84
8	BNP Paribas	2,867.44
9	Mitsubishi UFJ Financial Group	2,816.77
10	Crédit Agricole	2,736.95
11	Postal Savings Bank of China	2,217.86
12	Citigroup	2,200.83
13	SMBC Group	2,027.34
14	Banco Santander	1,986.36
15	Bank of Communications	1,982.89
16	Wells Fargo	1,932.47
17	Mizuho Financial Group	1,923.56
18	Barclays	1,891.72
19	Société Générale	1,717.49
20	UBS	1,717.25
21	Groupe BPCE	1,706.80
22	Goldman Sachs	1,641.59
23	Japan Post Bank	1,625.60
24	Royal Bank of Canada	1,566.41
25	China Merchants Bank	1,555.30
26	Deutsche Bank	1,450.57
27	Industrial Bank (China)	1,432.59
28	Toronto-Dominion Bank	1,428.29
29	China CITIC Bank	1,276.63
30	Crédit Mutuel	1,262.95
31	Shanghai Pudong Development Bank	1,207.18
32	Morgan Stanley	1,193.69
33	Lloyds Banking Group	1,122.76
34	China Minsheng Bank	1,082.37
35	ING Group	1,078.35
36	Intesa Sanpaolo	1,066.74
37	Scotiabank	1,041.11
38	Bank of Montreal	990.19
39	China Everbright Bank	955.14
40	NatWest Group	882.30
41	UniCredit	872.90
42	Commonwealth Bank	868.74
43	Banco Bilbao Vizcaya Argentaria	857.25
44	Standard Chartered	822.84
45	La Banque postale	815.91
46	Ping An Bank	787.93
47	State Bank of India	780.05
48	ANZ Group	769.59
49	Canadian Imperial Bank of Commerce	726.27
50	DZ Bank	712.49
51	Norinchukin Bank	702.03
52	National Australia Bank	683.41
53	Rabobank	678.45
54	CaixaBank	671.13
55	Westpac	664.50
56	U.S. Bancorp	663.49
57	Nordea	662.71
58	Capital One	629.99
59	Sberbank of Russia	581.88
60	Commerzbank	571.64
61	Huaxia Bank	562.58
62	PNC Financial Services	561.58
63	DBS Group	560.10
64	Itaú Unibanco	555.72
65	KB Financial Group	551.94
66	Danske Bank	542.81
67	Truist Financial Corp	535.35
68	Shinhan Financial Group	533.48
69	Resona Holdings	527.53
70	Sumitomo Mitsui Trust Holdings	520.34
71	Bank of Beijing	503.31
72	China Guangfa Bank	495.55
73	Charles Schwab Corporation	493.18
74	HDFC Bank	464.34
75	Bank of Jiangsu	457.25
76	Hana Financial Group	456.47
77	Banco do Brasil	447.72
78	Nationwide Building Society	446.95
79	China Zheshang Bank	443.37
80	Oversea-Chinese Banking Corporation	441.53
81	Bank of Shanghai	435.14
82	ABN AMRO	417.72
83	BNY	409.88
84	United Overseas Bank	396.62
85	Banco Bradesco	394.76
86	Nonghyup Bank	394.46
87	Nomura Holdings	388.42
88	Woori Financial Group	384.04
89	KBC Group	383.47
90	Caixa Econômica Federal	377.29
91	Erste Group	372.67
92	Landesbank Baden-Württemberg	368.41
93	Bank of Ningbo	365.96
94	SEB Group	358.79
95	Raiffeisen Group	352.87
96	Handelsbanken	351.79
97	Industrial Bank of Korea	345.81
98	DNB	339.21
99	Qatar National Bank	338.14
100	National Bank of Canada	337.65

Banks by country or territory

Number of banks in the top 100 by total assets ^[1]

Rank	Country	Number
1	China	20
2	United States	12
3	Japan	8
4	Canada	6
	France	6
	South Korea	6
	United Kingdom	6
8	Australia	4
	Brazil	4
	Germany	4
11	Netherlands	3
	Singapore	3
	Spain	3
14	India	2
	Italy	2
	Sweden	2
	Switzerland	2
18	Austria	1
	Belgium	1
	Denmark	1
	Finland	1
	Norway	1
	Qatar	1
	Russia	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]}

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

Bank name	GlobalData (as of 30 September 2024 [update] ) [4]		Forbes India (as of 4 October 2024 [update] ) [5]
	Rank	Market cap (US$ billion)	Rank	Market cap (US$ billion)
JPMorgan Chase	1	599.931	1	583.91
Bank of America	2	307.900	2	304.56
Industrial and Commercial Bank of China	3	303.543	3	288.06
Agricultural Bank of China	4	232.836	4	231.00
Bank of China	5	209.295	6	187.79
China Construction Bank	6	192.715	5	197.15
Wells Fargo	7	192.279	7	187.13
HSBC	8	163.544	10	159.35
Commonwealth Bank	9	156.639
Goldman Sachs	10	156.356
Royal Bank of Canada			8	173.86
Morgan Stanley			9	169.17

See also

• Banks portal

• 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

1. Jimenea, Adrian; Wu, John; Terris, Harry (30 April 2024). "The world's largest banks by assets, 2024". spglobal.com. S&P Global Market Intelligence. Retrieved 8 May 2024.
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. "Top 10 Banks in the World by Market Capitalization". globaldata.com. 30 September 2024. Retrieved 26 October 2024.
5. "The 10 Largest Banks In The World In 2024". Forbes India. 4 October 2024. Retrieved 26 October 2024.