The Chinese banking system is the largest the world with approximately 4,550 banking institutions and about $40 trillion in total assets. The state-owned commercial banks ICBC, China Construction Bank, Bank of China and Agricultural Bank are the four largest banks in the country and globally. The list of the top 1000 World Banks includes about 130 Chinese banks. Below is our ranking of the 10 largest banks in China.

ICBC

Industrial and Commercial Bank of China (ICBC) is the largest bank in China and worldwide by total assets, loans and deposits. As of March 31, 2019, it recorded total assets of US$4.4 trillion (CNY 29.247 trillion), total loans of US$2.37 trillion, deposits of US$3.36 trillion and shareholders’ equity of US$362 billion. The tier 1 capital ratio was 13.3%. With 449,300 employees, the Bank has over 16,800 branches and outlets and 89,650 ATMs primarily in Mainland China. It also has offices and subsidiaries in Singapore, Seoul, Kuala Lumpur, Hong Kong, Macau, New York, Frankfurt, Luxembourg, Tokyo, London, Dubai, Abu Dhabi, Riyadh, Sydney, Auckland, Toronto, Bangkok, Lima, Buenos Aires, Sao Paulo, Prague, Zurich, Kuwait City and Mexico.

China Construction Bank

China Construction Bank (CCB) is the second largest Chinese bank by total assets. It is also ranked second based on tier 1 capital in the World's Top 1,000 Banks by The Banker. With over 320 million retail and corporate customers and 346,000 employees, CCB offers high quality financial services through nearly 15,000 banking outlets and 92,230 ATMs. As of March 31, 2019, it posted total assets of US$3.6 trillion, gross loans of US$2.1 trillion and customer deposits of US$2.7 trillion. During 2018 net profit and interest income were US$37 billion and US$118 billion, respectively.

Agricultural Bank of China

Agricultural Bank of China Ltd (ABC), established in 1951, is the third largest bank in the People's Republic of China. Headquartered in Beijing, it serves more than 300 million customers through over 23,300 domestic outlets. The number of personal and corporate mobile banking users amounted to 258 million in 2018. The Bank's shares are listed on the Shanghai and Hong Kong Stock Exchanges. As of June 26, 2019, it had a market capitalization of US$181 billion.

Bank of China

Bank of China (BOC) is one of the four largest state-owned banks in the country. With over 305,000 employees, it operates through the following key areas: Corporate and Personal Banking, Treasury Operations, Investment Banking and Insurance. BOC is China's most international bank with presence in more than 50 countries and areas.

China Development Bank

Established in 1994, China Development Bank is the fifth largest bank in the People's Republic of China as well as world's largest development bank and the largest Chinese financial institution for foreign investment. For the year ended December 31, 2018, it recorded gross loans of US$1.7 trillion, total assets of US$2.35 trillion and net profit of US$16.3 billion. It has about 40 domestic branches, offshore branch in Hong Kong as well as representative offices in London, Rio de Janeiro, Cairo, Moscow and Caracas.

Bank of Communications

Bank of Communications (BoCom) is the sixth largest bank in China based on total assets. It is a commercial and retail bank offering personal and corporate banking products, international banking, treasury services, trustees, asset management, insurance, brokerage, reinsurance and e-banking products, leasing, and more. With over 88,600 local and overseas employees, it operates through about 3,250 domestic banking outlets, 23,000 self-service machines, and 21 overseas branches, subsidiaries and representative offices in New York, Tokyo, Singapore, Hong Kong, Seoul, Frankfurt, Macau, San Francisco, Sydney, Taipei, Luxembourg, Brisbane, Paris, Rome, Brazil and Toronto.

Postal Savings Bank of China

Postal Savings Bank of China (PSBC) is a retail bank providing various financial services primarily to individuals, communities, small and medium-sized enterprises and rural and low income customers. With 169,000 employees, it serves more than 500 million customers through nearly 40,000 branches.

China Merchants Bank

China Merchants Bank (CMB), headquartered in Shenzhen, is one of the top 10 banks in the country. It provides a wide range of products and services to personal, corporate and SME clients. With over 72,000 employees, it operates through more than 1,800 domestic branches, 6 overseas branches, 3 representative offices as well as through over 11,400 self-service machines including 1,620 ATMs and 9,800 deposit-taking and cash withdrawal machines.

Industrial Bank

Industrial Bank Co Ltd, founded in 1988, is a commercial bank headquartered in Fuzhou. It employs around 59,600 people and operates approximately 120 branches and 1,800 sub-branches across the country. As of March 31, 2019, the company's total assets amounted to US$998 billion. The Bank's shares are listed on the Shanghai Stock Exchange.

ADCB

Agricultural Development Bank of China (ADBC), established in 1994, is the tenth largest bank in the People's Republic of China. It has an extensive network of over 30 provincial-level branches, 340 second-level branches and 1,820 county-level sub-branches covering all regions of the country. The company employs approximately 50,000 people.

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Top 10 banks in China by total assets

The list below shows the 10 largest banks in China ranked by total assets in billion U.S. dollars.

Rank Bank Total assets, US$b (12/31/2018)
1 Industrial & Commercial Bank of China 4,027.38
2 China Construction Bank Corp 3,376.47
3 Agricultural Bank of China 3,287.31
4 Bank of China 3,092.16
5 China Development Bank 2,352.47
6 Bank of Communications 1,385.76
7 Postal Savings Bank of China 1,383.61
8 China Merchants Bank 980.797
9 Industrial Bank 975.893
10 Shanghai Pudong Development Bank 914.537