Here is our annual ranking of the 100 largest banks in the world in terms of total assets. The world's four largest banks are located in China. Industrial & Commercial Bank of China, headquartered in Beijing, is the biggest bank in the world by assets, deposits, number of customers and employees. It is also ranks first based on tier 1 capital in the World's Top 1,000 Banks by The Banker. China Construction Bank and Agricultural Bank are the second and third largest banks in the world with assets of US$3.4 trillion and US$3.3 trillion, respectively. Mitsubishi UFJ Financial, a Japanese financial institution, is ranked in fifth place. The world’s top 10 banks hold around $29 trillion in total assets.

Rank Bank Country Total Assets, US$b (December 31, 2018)
1 ICBC China 4,027.38
2 China Construction Bank China 3,376.47
3 Agricultural Bank of China China 3,287.31
4 Bank of China China 3,092.16
5 Mitsubishi UFJ Financial Group Japan 2,784.23
6 JPMorgan Chase & Co USA 2,622.53
7 HSBC Holdings UK 2,548.86
8 Bank of America USA 2,354.51
9 China Development Bank China 2,352.47
10 BNP Paribas France 2,334.31
11 Credit Agricole Group France 2,121.48
12 Citigroup Inc USA 1,917.29
13 Japan Post Bank Japan 1,900.76
14 Wells Fargo USA 1,895.88
15 Sumitomo Mitsui Financial Group Japan 1,830.81
16 Mizuho Financial Group Japan 1,827.49
17 Banco Santander Spain 1,669.11
18 Deutsche Bank Germany 1,541.84
19 Societe Generale France 1,497.72
20 Groupe BPCE France 1,457.12
21 Barclays PLC UK 1,438.12
22 Bank of Communications China 1,385.76
23 Postal Savings Bank of China China 1,383.61
24 ING Groep NV Netherlands 1,014.58
25 Lloyds Banking Group UK 1,012.14
26 Royal Bank of Canada Canada 1,001.34
27 China Merchants Bank China 980.797
28 Industrial Bank Co. Ltd China 975.893
29 Credit Mutuel France 975.163
30 Toronto-Dominion Bank Canada 969.309
31 UBS Group AG Switzerland 959.627
32 Norinchukin Bank Japan 955.977
33 UniCredit S.p.A. Italy 951.034
34 Goldman Sachs Group USA 933.000
35 Shanghai Pudong Development Bank China 914.537
36 Agricultural Development Bank of China ** China 904.359
37 Intesa Sanpaolo Italy 901.314
38 China CITIC Bank Corp China 882.113
39 Royal Bank of Scotland Group UK 880.977
40 China Minsheng Banking Corp China 871.645
41 Morgan Stanley USA 853.531
42 Credit Suisse Group Switzerland 780.919
43 BBVA Spain 773.997
44 Bank of Nova Scotia Canada 758.061
45 Commonwealth Bank of Australia Australia 689.350
46 Standard Chartered Plc UK 686.269
47 Rabobank Group Netherlands 675.342
48 Australia & New Zealand Banking * Australia 662.768
49 European Investment Bank Group Luxembourg 637.424
50 China Everbright Bank China 633.536
51 Nordea Finland 621.911
52 Westpac Banking Corp * Australia 618.915
53 DZ Bank AG Germany 593.289
54 Bank of Montreal Canada 591.182
55 National Australia Bank * Australia 567.275
56 KfW Group Germany 560.043
57 Danske Bank Denmark 548.050
58 State Bank of India India 537.336
59 Resona Holdings Japan 534.377
60 Export-Import Bank of China (Eximbank) ** China 529.326
61 Commerzbank Germany 528.436
62 Sumitomo Mitsui Trust Holdings Japan 517.240
63 Ping An Bank China 497.047
64 Cassa Depositi e Prestiti (CDP) Italy 486.210
65 U.S. Bancorp USA 467.374
66 Canadian Imperial Bank of Commerce Canada 450.495
67 Sberbank Russia Russia 450.354
68 CaixaBank Spain 442.218
69 ABN AMRO Group NV Netherlands 436.125
70 KB Financial Group South Korea 429.344
71 Shinhan Financial Group South Korea 411.451
72 Nomura Holdings Japan 408.877
73 DBS Group Holdings Singapore 402.775
74 Itau Unibanco Holding SA Brazil 399.907
75 Hua Xia Bank China 389.805
76 Shinkin Central Bank (SCB) Japan 386.807
77 PNC Financial Services Group USA 382.315
78 Bank of Beijing China 374.102
79 NongHyup Financial Group South Korea 373.016
80 Capital One Financial Corporation USA 372.538
81 Banco do Brasil SA Brazil 364.886
82 Bank of New York Mellon Corp USA 362.873
83 Hana Financial Group South Korea 344.673
84 China Guangfa Bank (CGB) China 343.257
85 Oversea-Chinese Banking Corp (OCBC) Singapore 341.924
86 Banco Bradesco SA Brazil 331.486
87 Svenska Handelsbanken Sweden 331.422
88 Caixa Economica Federal Brazil 325.502
89 KBC Group NV Belgium 324.620
90 Woori Financial Group South Korea 304.769
91 Nationwide Building Society UK 302.446
92 DnB ASA Norway 301.848
93 Cathay Financial Holding Taiwan 301.207
94 Charles Schwab Corp USA 296.500
95 Bank of Shanghai China 294.862
96 Skandinaviska Enskilda Banken Sweden 285.723
97 United Overseas Bank (UOB) Singapore 283.820
98 La Banque Postale France 280.461
99 Bank of Jiangsu China 280.031
100 Landesbank Baden-Wurttemberg (LBBW) Germany 275.656
101 Erste Group Bank AG Austria 270.843
102 Industrial Bank of Korea South Korea 259.179
103 Banco Sabadell Spain 254.292
104 Fubon Financial Holding Taiwan 251.931
105 Bayerische Landesbank (BayernLB) Germany 251.865
106 Swedbank Sweden 249.953
107 State Street Corp USA 244.626
108 China ZheShang Bank (CZBank) China 239.859
109 Qatar National Bank Qatar 236.760
110 Bankia Spain 234.734

Exchange rate on December 30, 2018
* Total assets as of September 30, 2018.
** Total assets as of December 31, 2017.
As of March 31, 2019, ICBC had total assets of $4.36 trillion.
Note: US banks use US GAAP accounting standard and have fewer derivative assets than non-US banks which use IFRS (International Financial Reporting Standards).