We present to you the TOP 11 of the world’s largest banks as of January 13th 2019.The top of the largest banks is made according to the total assets of the banks. Read about this index at the end of this article.
Different banks in China have taken the top of this top for several years in a row. It is quite logical, taking into account the annual economy and industrial surpluses of the Celestial Empire.
In this way, first place is taken by…
- Industrial and Commercial Bank of China (ICBC)
The Industrial and Commercial Bank of China is the largest and richest bank in the world. It is part of the “GREAT FOUR” of the fiscal controls of the Celestial Empire. It controls almost one-fifth of all banking in China. They have a total of $4,009 billion in assets according to the latest data; and their market capitalization totals $238 billion. The bank was founded in 1984 and now has more than 460,000 employees. The head office is located in Beijing. More than 70% of the corporation is owned by the government.
- China Construction Bank Company
The second of this top is also China’s second largest bank, founded in 1954 and now called China Construction Bank. According to the latest data, it gets $3.4 trillion in assets and its market capitalization totals more than $200 trillion. Originally, the Construction Bank of China was created for government exchanges and only later was it redesigned to be a commercial bank. The company includes more than 14,000 departments around the world where 372,000 employees work.
- Agricultural Bank of China
The Farmers’ Bank of China was founded in 1951 by Mao Zedong to help collective farms, peasants and workers. Today, this bank is entrenched within China’s fiscal and commercial corporations and around the world. The headquarters is also located in Beijing and has about 24,000 representatives in the country and beyond. The total assets of the Farmers’ Bank of China collect more than $3,235 billion and its market capitalization generates $190 billion according to the latest data.
- Bank of China
The Bank of China is one of the oldest and most reliable banks in China. It was created in 1912 and still leads the domestic banking sector. More than 70% of the company is owned by the Chinese government, and has offices in more than 20 countries. According to the data, it collects about $2.991 billion and its market capitalization generates $162 billion.
- Mitsubishi UFJ Financial Group
This Japanese holding has $2.7 trillion in assets, making it one of the best banks in Japan. A network of departments developed around the world allows the Mitsubishi Financial Group to conduct operations in 40 different countries. The company was created in 2005 by merging two large banks in Japan and is headquartered in Osaka City.
- JPMorgan Chase
JPMorgan Chase is one of the most emerging and popular U.S. banks in the financial sector. This company was founded in 2000 by uniting several immense banks. The JPMorgan’s headquarter is in New York City, Manhattan. It is one of the largest investment companies in the world. Now its assets total $2,533 billion and its market capitalization is over $332.24 billion, making it also one of the largest companies in the world.
- HSBC Holdings
HSBC is one of the largest banks in Europe, totaling $2.5 trillion in assets. Originally, the objective of its creation was to carry out exchanges between Europe and China and it still has a crucial role in such actions. In addition, it has more than 10 subsidiaries that carry out all possible operations in this sector.
- BNP Paribas
BNP Paribas was founded in 1999 and is now among the best in financial, banking and insurance tops. Today, the company has representatives all over the world and its headquarters are located in Geneva, Paris and London. Its assets are $2,356 billion and its market capitalization is $73 billion.
- Bank of America
Bank of America is the second-largest bank in the United States, which has an extensive range of tax services throughout the country and abroad. The headquarters is located in the city of Charlotte, North Carolina. According to the latest data, Bank of America’s balance sheet has $2,281 billion in assets and its market capitalization supports $163 billion.
10 The French bank Credit Agricole.
The French bank Credit Agricole closes the list of the world’s largest banks. It has a balance sheet of $2,117 billion in assets. Credit Agricole is one of the largest companies in France, which successfully controls part of the banking sector within the country.
11. Wells Fargo
The latest in the list of the worlds largest is the American Wells Fargo, which offers services in that country and in various parts of the world. It is the third bank by market capitalization in Wall Street and the second in deposits, mortgage services and debit cards. Its assets are $1.93 billion.