The World’s Largest Banks

Following are the largest banks in the world ranked by total assets. The four largest banks are Chinese financial institutions. ICBC (Industrial & Commercial Bank of China), a state-owned organization, is the biggest bank in the world in terms of assets, deposits, loans and number of customers. Established in 1984, it serves more than 740 million retail and corporate clients and employs over 400,000 people. The list of the 50 largest banks includes 16 Chinese banks, six U.S. banks, six French banks, five UK banks, four Japanese banks and four Canadian banks.

Rank	Name	Country	Total Assets, US$b (December 31, 2024)
1	Industrial & Commercial Bank of China	China	6,688.1
2	Agricultural Bank of China	China	5,923.2
3	China Construction Bank	China	5,557.8
4	Bank of China	China	4,803.1
5	JPMorgan Chase & Co	USA	4,002.8
6	Bank of America	USA	3,261.5
7	HSBC Holdings	UK	3,017.1
8	BNP Paribas	France	2,819.4
9	Credit Agricole Group	France	2,711.8
10	Mitsubishi UFJ Financial Group	Japan	2,617.0
11	China Development Bank ***	China	2,555.5
12	Citigroup Inc	USA	2,353.0
13	Postal Savings Bank of China	China	2,340.5
14	Bank of Communications	China	2,041.3
15	Sumitomo Mitsui Financial Group	Japan	1,968.8
16	Wells Fargo	USA	1,929.8
17	Banco Santander	Spain	1,914.8
18	Barclays plc	UK	1,908.9
19	Mizuho Financial Group	Japan	1,807.6
20	Goldman Sachs Group	USA	1,676.0
21	China Merchants Bank	China	1,664.7
22	BPCE Group	France	1,651.6
23	Societe Generale	France	1,640.1
24	UBS Group AG	Switzerland	1,572.0
25	Japan Post Bank	Japan	1,540.4
26	Royal Bank of Canada *	Canada	1,519.7
27	Toronto-Dominion Bank *	Canada	1,452.1
28	Deutsche Bank AG	Germany	1,445.9
29	Industrial Bank Co. Ltd	China	1,439.5
30	Agricultural Development Bank of China ***	China	1,365.0
31	China CITIC Bank	China	1,305.9
32	Shanghai Pudong Development Bank	China	1,290.0
33	Credit Mutuel Group	France	1,218.6
34	Morgan Stanley	USA	1,215.1
35	Lloyds Banking Group	UK	1,140.0
36	China Minsheng Banking Corp	China	1,070.6
37	ING Groep NV	Netherlands	1,063.7
38	Bank of Montreal *	Canada	1,018.2
39	Bank of Nova Scotia *	Canada	998.17
40	Intesa Sanpaolo	Italy	972.78
41	China Everbright Bank	China	954.89
42	NatWest Group plc	UK	890.17
43	Export-Import Bank of China ***	China	874.81
44	Standard Chartered plc	UK	849.69
45	State Bank of India (SBI)	India	848.39
46	UniCredit S.p.A.	Italy	817.18
47	Commonwealth Bank of Australia	Australia	813.29
48	BBVA	Spain	805.10
49	Ping An Bank	China	790.33
50	La Banque Postale	France	772.11
51	ANZ Group Holdings **	Australia	764.20
52	Canadian Imperial Bank of Commerce	Canada	750.78
53	DZ Bank Group	Germany	687.55
54	U.S. Bancorp	USA	678.32

Exchange rate as of December 30, 2024
* Total Assets as of January 31, 2025
** Total Assets as of September 30, 2024
*** Total Assets as of December 31, 2023

Last updated April 20, 2025