The World’s Top 50 Largest Banks by Assets

April 4, 2024


Banks are often among the biggest companies in the world.

In this graphic, we list the top 50 banks in the world by consolidated assets, based on a 2023 report from S&P Global Market Intelligence. The data represents each bank’s total assets for the most recent period available.

Chinese Banks Keep on Growing

According to S&P, the four largest Chinese banks grew their assets by 4.1% in 2022, reaching a combined total of $19.8 trillion.

In fact, Chinese banks already account for over a third of the assets held by the largest banks on the planet. Four of the 15 biggest companies in China are banks.

The Chinese financial market is followed by the American market on our list, with six U.S. banks combining for $13.7 trillion in assets.

The top 10 on the list include four Chinese banks, two American institutions, two French, one Japanese, and one British.

The biggest climber on our rank was Swiss UBS Group AG. The bank surged to 20th place from 34th in 2021. Its $1.6 trillion asset size has been adjusted to incorporate troubled Credit Suisse Group AG, which UBS agreed to take over in an emergency deal orchestrated by the Swiss authorities in March 2023.

Assets held by the 100 largest banks totaled $111.97 trillion in 2022, down 1.5% from $113.67 trillion a year earlier. Some of the reasons include high inflation, interest rate hikes, and the Russia-Ukraine war, which dampened global economic growth and investor sentiment.

RankBankHeadquartersTotal Assets
1Industrial and Commercial Bank of ChinaChina$5.7T
2China Construction Bank CorpChina$5.0T
3Agricultural Bank of ChinaChina$4.9T
4Bank of ChinaChina$4.2T
5JPMorgan Chase & Co.US$3.7T
6Bank of AmericaUS$3.1T
7Mitsubishi UFJ Financial GroupJapan$3.0T
8HSBC HoldingsUK$2.9T
9BNP ParibasFrance$2.9T
10Cr�dit AgricoleFrance$2.5T
12Postal Savings Bank of ChinaChina$2.0T
13Sumitomo Mitsui Financial GroupJapan$2.0T
14Mizuho Financial GroupJapan$1.9T
15Bank of CommunicationsChina$1.9T
16Wells Fargo & Co.US$1.9T
17Banco SantanderSpain$1.9T
18Barclays PLCUK$1.8T
20UBS GroupSwitzerland$1.7T
21Groupe BPCEFrance$1.6T
22Soci�t� G�n�raleFrance$1.6T
23Royal Bank of CanadaCanada$1.5T
24The Toronto-Dominion BankCanada$1.5T
25China Merchants BankChina$1.5T
26Goldman Sachs GroupUS$1.4T
27Deutsche BankGermany$1.4T
28Industrial BankChina$1.3T
29China CITIC Bank InternationalChina$1.2T
30Shanghai Pudong Development BankChina$1.2T
31Morgan StanleyUS$1.2T
32Cr�dit MutuelFrance$1.2T
33Lloyds Banking GroupUK$1.1T
34China Minsheng BankingChina$1.1T
35Intesa SanpaoloItaly$1.0T
36ING GroepNetherlands$1.0T
37The Bank of Nova ScotiaCanada$1.0T
39China Everbright BankChina$913B
40NatWest GroupUK$868B
41Bank of MontrealCanada$859B
42Commonwealth Bank of AustraliaAustralia$837B
43Standard CharteredUK$820B
44La Banque PostaleFrance$797B
45Ping An BankChina$772B
46Banco Bilbao Vizcaya ArgentariaSpain$762B
47The Norinchukin BankJapan$753B
48State Bank of IndiaIndia$695B
49Canadian Imperial Bank of CommerceCanada$691B
50National Australia BankAustralia$680B
Source: GWFM Resource & Study
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