Most of the world's banks' performance and riches may be traced to their country's economy and other variables. We can expect the "Big Four" to remain in the top ranks year after year as their economies continue to thrive due to expanded trade markets and increasing exports!
List of the ten largest banks globally, ranked by total assets, if you don't know much about banking and want to know what the world's biggest banks are.
The World's Largest Banks
According to numerous sites on the internet, such as Wikipedia, Investopedia, and DoughRoller, the following banks and figures are included. This is a list of the world's top ten largest banks:
1. Crédit Agricole Group
Crédit Agricole Group, a French-owned bank and one of France's major corporations, is the tenth-largest bank globally. As the world's most prominent cooperative financial institution, it became an international full-service banking company in 1990.
As well as the thirty-nine Crédit Agricole bank, an extensive network of independent local banks was involved. The French-based company services a wide range of clients worldwide from its headquarters in Montrouge.
2. Bank of America (BAC)
Bank of America has assets of $2.35 trillion, making it the second-largest bank in the United States. Commercial banking, wealth management, and investment banking are the primary focus areas for this institution, which services about 10.73 percent of all American bank accounts.
Bank of America has a global presence with over 5,000 financial and retail locations and was founded in Charlotte, North Carolina, in 1784. Additionally, Bank of America employs about 208,000 individuals in the United States.
3. BNP Parabis
BNP Paribas, a French worldwide banking group, follows. As measured by total assets, it is now the world's ninth-largest bank and is present in seventy-seven countries. The bank was created in 2000 when Banque Nationale de Paris (BNP) and Paribas merged. It is thought that the bank was initially established in 1848.
There are about 190,000 individuals employed by BNP Parabis, which has its head office in Paris, France. The majority of BNP Parabis' yearly revenue comes from ordinary client accounts.
4. HSBC Holdings PLC
Investment bank and financial holding firm HSCB Holdings PLC are based in the United Kingdom. As of 2018, it had been ranked as the seventh-biggest bank in the world and Europe's largest bank.
In the UK, the bank has over 1,000 locations and 80 offices, whereas it has 400 sites in the US. HSBC is a global financial services provider with more than four million private banking, corporate finance, retail banking, and commercial banking customers.
5. JPMorgan Chase & Co
JPMorgan Chase & Co. is the largest bank in the United States and the world's sixth-largest investment bank by assets. Over 100 nations offer a wide range of services, including asset management, wealth management, and securities, to their customers. In 2000, many significant banks merged to become JPMorgan Chase & Co., which has since become one of the world's most costly corporations.
6. Mitsubishi UFJ Financial Group
The Mitsubishi UFJ Financial Group ranks fifth on our ranking of the world's largest banks. In terms of assets, it is Japan's most prominent financial holding company, with $2.81 trillion in total. There are several services available to customers of Mitsubishi Corporation, including commercial banking and asset management and trust bank, and international financing.
7. Bank of China
The Bank of China is the first "Big Four" Asian bank on our list. It was established by the republican government in 1912, making it the oldest bank in China. It is one of China's four largest state-owned commercial banks. There are roughly 310,000 employees at its headquarters in Bejing, China, and the company has operations in more than twenty countries.
8. Agricultural Bank of China
Third-largest bank in the world and tenth-largest company on Earth, AgBank, is a member of China's "Big Four" banks. As a bank founded in 1951, Agbank now has offices in the world's most populous cities such as Seoul, Tokyo, Singapore, Sydney, New York City, London, and others.
Over 444,000 people are employed by the Beijing-based company, wholly controlled by the Chinese government. From approximately 24,000 worldwide locations, it serves over 320 million retail consumers and 2.7 million corporate clients.
9. China Construction Bank Corporation
China Construction Bank Corporation is the second-largest bank in the world. To put it another way, CCB, as it is commonly referred to, is the third of the "Big Four" on our list; it has around 13,629 domestic branches and has abroad branches in Frankfurt; Barcelona; Luxembourg; New York; and Seoul.
CCB, based in Beijing's Xicheng area, employs more than 333,000 employees and provides business and personal banking services. Credit cards, personal loans, savings, and wealth management are just some of the personal services.
10. Industrial & Commercial Bank Of China
China's Industrial & Commercial Bank of China is the world's largest bank, and it is also the country's largest bank and one of China's "Big Four." When it comes to overall assets, clients, workers, and loans and deposits, ICBC, as it's commonly referred to, is unbeatable.
The state-owned bank was established in 1984 as a limited business and has since grown to be the world's largest public enterprise in terms of assets. Four hundred sixty thousand people work for the company worldwide, including Asia, Europe, North America, and Oceania.
