TOP 10 BANKS IN THE WORLD
1 Industrial and Commercial Bank of China
Total assets(US$ billion)- 3,616.39
Industrial and Commercial Bank of China Ltd is a Chinese multinational banking company,
and the largest bank in the world by total assets and by market capitalization.It is one of China's
'Big Four' state-owned commercial banks (the other three being the Bank of China, Agricultural
Bank of China, and China Construction Bank). It was founded as a limited company on January 1,
1984. As of March 2014, it had assets of US$3.62 trillion.Generally considered the largest bank
in the world by assets;it is the first Chinese bank to achieve such a feat.its number 1 in The Banker's
Top 1000 World Banks ranking, and first on the Forbes Global 2000list of the world's biggest public companies.
2 China Construction Bank Corporation
Total assets(US$ billion)- 2,939.15
China Construction Bank Corporation is one of the "big four" banks in the People's Republic of China.
In 2015 CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in
the world.The bank has approximately 13,629 domestic branches. In addition, it maintains overseas
branches in Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York, Seoul, Singapore, Tokyo,
Melbourne, Sydney and Auckland, and a wholly owned subsidiary in London. Its total assets reached
CN¥ 8.7 trillion in 2009.Its headquarters is in Xicheng District, Beijing.
3 Agricultural Bank of China
Total assets(US$ billion)-2,816.60
Agricultural Bank of China Limited, also known as AgBank , is one of the "Big Four" banks in the
People's Republic of China. It was founded in 1951, and has its headquarters in Dongcheng District,
Beijing.it has branches throughout mainland China, Hong Kong, London, Tokyo, New York, Frankfurt,
Sydney, Seoul, and Singapore.
ABC has 320 million retail customers, 2.7 million corporate clients, and nearly 24,000 branches.
It is China's third largest lender by assets. ABC went public in mid-2010, fetching the world's biggest
ever initial public offering (IPO) at the time,since overtaken by another Chinese company, Alibaba.
As of 2011, it ranks 8th among the Top 1000 World Banks,meanwhile In 2015, it ranks 3rd in Forbes’
13th annual Global 2000 ranking of the biggest, most powerful and most valuable companies in the world.
4 Bank of China
Total assets(US$ billion)-2,629.31
Bank of China Limited is one of the 5 biggest state-owned commercial banks in China.
It was founded in 1912 by the Republican government to replace the Imperial Bank of China.
It is the oldest bank in mainland China still in existence. From its establishment until 1942,
it issued banknotes on behalf of the Government along with the "Big Four" banks of the period:
the Farmers Bank of China, Bank of Communications and Central Bank of the Republic of China.
Its headquarters are in Xicheng District, Beijing.
As of 31 December 2009, it was the second largest lender in China overall, and the 5th largest bank
in the world by market capitalization value.As of 30 June 2015, it has the third highest proportion of
interest payable of Chinese companies.
5 HSBC Holdings
Total assets(US$ billion)-2,571.71
HSBC Holdings plc is a British multinational banking and financial services company headquartered in
London, United Kingdom. It is the world's fifth largest bank by total assets, with total assets of US$2.67 trillion.It was established in its present form in London in 1991 by the Hongkong and Shanghai Banking
Corporation Limited to act as a new group holding company.The origins of the bank lie mainly in
Hong Kong and to a lesser extent in Shanghai, where branches were first opened in 1865.The HSBC name isderived from the initials of the Hongkong and Shanghai Banking Corporation.The company was first formallyincorporated in 1866. The company continues to see both the United Kingdom and Hong Kong as its "home markets".
HSBC has around 6,600 offices in 80 countries and territories across Africa, Asia, Oceania, Europe,
North America and South America, and around 60 million customers.As of 2014, it was the world's
sixth-largest public company, according to a composite measure by Forbes magazine.
6 JPMorgan Chase & Co.
Total assets(US$ billion)-2,449.60
JPMorgan Chase & Co. is an American multinational banking and financial services holding company
headquartered in New York City. It is the largest bank in the United States, and the world's sixth largest
bank by total assets, with total assets of US$2.6 trillion. Moreover, it is the sixth largest public company
in the world according to the Forbes Global 2000. It is a major provider of financial services, and according
to Forbes magazine is the world's sixth largest public company based on a composite ranking.
The hedge fund unit of JPMorgan Chase is the second largest hedge fund in the United States.The
company was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co.
The J.P. Morgan brand, historically known as Morgan, is used by the investment banking, asset management, private banking, private wealth management, and treasury & securities services divisions. Fiduciary activity withinprivate banking and private wealth management is done under the aegis of JPMorgan Chase Bank, N.A.—the actual trustee. The Chase brand is used for credit card services in the United States and Canada, the bank's retail banking activities in the United States, and commercial banking. The corporate headquarters is located at 270 Park Avenue in Midtown Manhattan, New York City. The retail and commercial bank is headquartered in Chase Tower, Chicago Loop, Chicago, Illinois, U.S.JPMorgan Chase & Co. is consideredto be a universal bank.
7 BNP Paribas
Total assets(US$ billion)-2,400.04
BNP Paribas is a French multinational bank and financial services company with global headquarters
in Paris.BNP Paribas is one of the largest banks in the world. Based on 2012 information, BNP Paribas
was ranked as the third-largest bank in the world, as measured by total assets, by Bloomberg and
Forbes.In 2010, It was the world's 18th largest corporation, according to the Fortune Global 500
list, the rankings are based on revenues, accounted for as the sum of gross interest income and gross non.
it was formed through the merger of Banque Nationale de Paris (BNP) and Paribas (see below for name origin)in 2000. The company is a component of the Euro Stoxx 50 stock market index.
The firm is a universal bank split into two strategic business units: Retail Banking & Services
(which includes Asset Management, custodial banking, and real estate services), and Corporate and
Institutional Banking.BNP Paribas's four domestic markets are France, Italy, Belgium, and Luxembourg.
It also has significant retail operations in the United States, Poland, Turkey, Ukraine, and North Africa, as well as large-scale investment banking operations in New York, London, Hong Kong, and Singapore.
8 Mitsubishi UFJ Financial Group (MUFG)
Total assets(US$ billion)-2,323.24
Mitsubishi UFJ Financial Group is a Japanese bank holding / financial services company headquartered in
Chiyoda, Tokyo, Japan.
It holds assets of around US$2.5 trillion (JPY 230 trillion) as of March 2013 and is one of the main companiesof the Mitsubishi Group.It is Japan's largest financial group and the world's second largest bank holdingcompany holding around US$1.8 trillion (JPY 148 trillion) in deposits as of March 2011.Mitsubishi UFJFinancial is the second largest public company in Japan when measured by market capitalization.
9 Bank of America
Total assets(US$ billion)-2,149.03
Bank of America is an American multinational banking and financial services corporation headquartered
in Charlotte, North Carolina. It is the second largest bank holding company in the United States by assets.
As of 2013, Bank of America is the twenty-first largest company in the United States by total revenue.
In 2010, Forbes listed Bank of America as the third biggest company in the world.
Bank of America provides its products and services through operating 5,100 banking centers, 16,300 ATMs, call centers, and online and mobile banking platforms. Its Consumer Real Estate Services segment offers consumer real estate products comprising fixed and adjustable-rate first-lien mortgage loans for home purchaseand refinancing needs, home equity lines of credit, and home equity loans.
The bank's 2008 acquisition of Merrill Lynch made Bank of America the world's largest wealth management
corporation and a major player in the investment banking market.According to the Scorpio Partnership GlobalPrivate Banking Benchmark 2014 it had assets under management (AuM) of USD 1,866.6 Bn an increase of 12.5% on 2013.
10 Crédit Agricole Group
Total assets(US$ billion)-1,911.27
Crédit Agricole, sometimes called the “Green Bank”because of its historical ties to farming,
is a French network of cooperative and mutual banks comprising the 39 Crédit Agricole Regional Banks.
In 1990,it became an international full-service banking group. It is listed through its holding company,
Crédit Agricole S.A., on Euronext Paris’ first market and is part of the CAC 40 stock market index. In 2013,the Crédit Agricole Group reported revenues of €26.4 billion.
It was the title sponsor of the Crédit Agricole professional road cycling team from 1998 to 2008.
No comments: