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| Top 10 Banks in The World |
Top 10 Banks in The World
When we think about the top 10 banks in the world, the names of the US, UK banks come to our mind. But you will be surprised to know that the four largest banks in the world are from China. These banks have been given the status of big banks according to their assets, revenue and market cap.. These banks are related to the economy of the whole world. The branches of these banks are in many countries of the world. Here is the Top 10 Biggest Banks in the World.
Currently Top 10 largest Bank in the world are these:
1. Industrial and Commercial Bank of China (No.1 Bank in the World)
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| ICBC - Largest Bank in the world |
Founded: 1984
Headquarters: Beijing, China
Total Assets: $5,866 billion (2021)
Market Cap: $210.39 billion
Number of Employees: 434,798
Industrial and Commercial Bank of China (ICBC) is the largest bank in the world. ICBC is a state owned commercial bank with capital provided by the Ministry of Finance of China. ICBC is considered one of the most profitable companies in the world, ranking fourth according to Forbes. ICBC are provided Banking services like finance and insurance, consumer banking, corporate banking, investment banking and more.
2. China Construction Bank Corporation (Second Largest Bank in the World)
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| CCB - Second Largest Bank in the World |
Founded: 1954
Headquarters: Beijing, China
Total Assets: $4,532 billion (2021)
Market Cap: $154.76 billion
Number of Employees: 345,971
China Construction Bank Corporation (CCB) is the second largest bank in the world. CCB is one of the "big four" banks in China. The bank has approximately 13,629 domestic branches. In 2021, China Construction Bank ranks the 3rd largest bank around the world in Forbes' 2021 Global 2000 list. CCB provides corporate banking services such as e-banking, credit lines, commercial loans and more services.
3. Agricultural Bank of China (Third Largest Bank in the World)
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| ABC - Third Largest Bank in the World |
Founded: 1951
Headquarters: Beijing, China
Total Assets: $4,354 billion (2021)
Market Cap: $139.56 billion
Number of Employees: 467,631
Agricultural Bank of China (ABC), also known as AgBank is third largest bank in the world by total assets. It was founded on 10 July 1951. Agricultural Bank of China has 320 million retail customers, 2.7 million corporate clients, and nearly 24,000 branches. It has branches throughout mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul and Singapore.
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4. Bank of China (Largest Bank in the World)
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| Bank of China - Fourth Largest Bank in the World |
Founded: 1912
Headquarters: Beijing, China
Total Assets: $4,113 billion (2021)
Market Cap: $121.71 billion
Number of Employees: 306,322
The Bank of China is a Chinese majority state-owned commercial bank and the fourth largest bank in the world. It has been the second oldest bank in China still in existence after the Bank of Communications. After the People's Republic was established in 1949, it has become a national commercial and foreign exchange professional bank. It is considered a systemically important bank by the Financial Stability Board.
5. JPMORGAN Chase (Largest Bank in the World)
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| JPMORGAN Chase - No. 1 U.S. Bank |
Founded: 2000
Headquarters: New York, United States
Total Assets: $3,954 billion (2021)
Market Cap: $347.88 billion
Number of Employees: 271,025
JPMORGAN Chase is an American multinational investment bank and financial services holding corporation and the fifth largest bank in the world in terms of total assets. As of 2022 JPMorgan Chase is the largest bank in the world by market capitalization. It is a major provider of various investment banking and financial services.
6. Mitsubishi UFJ Financial Group (Largest Bank in the World)
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| Mitsubishi UFJ Financial Group - Top 10 Banks in World |
Founded: 2005
Headquarters: Tokyo, Japan
Total Assets: $3,737 billion (2021)
Market Cap: $62.02 billion
Number of Employees: 168,500
Mitsubishi UFJ Financial Group is a Japanese bank and financial services company. MUFG is Japan's largest financial group. The letters MUFG come from Mitsubishi and United Financial of Japan. MUFG offers services in investment banking, wealth management, commercial and consumer banking, transaction banking and more.
7. HSBC Holdings plc (Biggest Banks in The World)
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| HSBC Holdings plc - Top 10 Biggest Bank in World |
Founded: 1865
Headquarters: England, United Kingdom
Total Assets: $2,958 billion (2021)
Market Cap: $123.08 billion
Number of Employees: 219,697
HSBC Holdings plc is a British multinational universal bank and financial services holding company. HSBC has offices in 64 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, serving around 40 million customers. HSBC is the largest bank in Europe by total assets. HSBC is organised with in there business groups: Commercial Banking, Global Banking and Markets, and Wealth and Personal Banking.
8. Bank of America (Biggest Banks in the World)
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| Bank of America - Top 10 Biggest Bank in the World |
Founded: 1998
Headquarters: North Carolina, United States
Total Assets: $2,434 billion (2021)
Market Cap: $269.74 billion
Number of Employees: 200,000
The Bank of America (BoA) is an American multinational investment bank and financial services holding company. Bank of America is one of the Big Four banking institutions of the United States. Bank of America is second largest bank in the world by market capitalization. It is the second largest banking institution in the United States, after JPMorgan Chase. It's primary financial services revolve around commercial banking, wealth management, and investment banking.
9. BNP Paribas (Biggest Banks in the World)
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| BNP Paribas - Top 10 Biggest Banks in the world |
Founded: 1848
Headquarters: Paris, France
Total Assets: $2,429 billion (2021)
Market Cap: $58.51 billion
Number of Employees: 190,000
BNP Paribas is a international banking group of France. BNP Paribas is the second largest banking group in Europe, after HSBC. The Bank founded from the merger between National Bank of Paris (BNP) and Paribas. BNP Paribas is ninth largest banking group in the world. The bank is organized into three major business areas: Commercial, Personal Banking & Services, Investment & Protection Services and Corporate & Institutional Banking.
10. Crédit Agricole (Largest Bank in the World)
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| Crédit Agricole - Top 10 Largest Bank in the World |
Founded: 1894
Headquarters: Montrouge, France
Total Assets: $2,256 billion (2021)
Market Cap: $27.61 billion
Number of Employees: 142,000
Crédit Agricole Group is a French International banking group. It's second largest bank of France, after BNP Paribas. It consists of a network of Crédit Agricole local banks, the 39 Crédit Agricole regional banks, and a central institute, the Crédit Agricole S.A.. Crédit Agricole is the third largest bank in Europe and tenth largest bank in the world. It is considered a systemically important bank by the Financial Stability Board.
List of Top 10 Biggest Banks in The World:
| S.No. | Currency Name (Currency Code) |
| 1. | Industrial and Commercial Bank of China (China) |
| 2. | China Construction Bank Corporation (China) |
| 3. | Agricultural Bank of China (China) |
| 4. | Bank of China (China) |
| 5. | JPMORGAN Chase (United States) |
| 6. | Mitsubishi UFJ Financial Group (Japan) |
| 7. | HSBC Holdings plc (United Kingdom) |
| 8. | Bank of America (United States) |
| 9. | BNP Paribas (France) |
| 10. | Crédit Agricole (France) |
So, this is the list of Top 10 Best Banks in the World.
Q. Which is no.1 bank in the world?
A. Industrial and Commercial Bank of China (ICBC) is the no.1 bank in the world. ICBC is a state owned commercial bank with capital provided by the Ministry of Finance of China.
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