Industrial and Commercial Bank of China Limited is the world’s largest bank with its total assets $5.5 trillion. We have ranked here the top 15 largest in the world 2024 by its total assets.
When you put your money in one of the largest banks in the world it is quite obvious that you have more access to in-person services at bank branches, a wider ATM network, and a modified range of products and services.
We have ranked largest banks in the world based on their total assets. However, do you know the economic function of a bank? A bank creates money by settlement of payments, processing loans, credit quality improvement and other means.
Top 15 Largest Banks in the World 2024
Shared below is the list of largest banks in the world:
Name of the Bank | Total Assets |
Industrial and Commercial Bank of China Limited | $5.5 trillion |
China Construction Bank | $4.7 trillion |
Agricultural Bank of China | $4.5 trillion |
Bank of China | $4.2 trillion |
JPMorgan Chase | $3.3 trillion |
BNP Paribas | $2.9 trillion |
China Development Bank | $2.69 trillion |
Bank of America | $2.5 trillion |
Mitsubishi UFJ Financial Group | $2.35 trillion |
Credit Agricole | $2.34 trillion |
Sumitomo Mitsui Banking Corporation | $2.06 trillion |
Postal Savings Bank of China | $1.97 trillion |
Japan Post Bank | $1.97 trillion |
Bank of Communications | $1.91 trillion |
Banco Santander | $1.8 trillion |
Industrial and Commercial Bank of China (ICBC)
The total assets of Industrial and Commercial Bank of China is $5.5 trillion. It is a Chinese multinational bank that was founded on 1 January 1984. The bank is headquartered in Beijing, China and it has 434,798 employees.
China Construction Bank
China Construction Bank is one among “big four” banks in China. It is 2nd largest bank in the world with its assets $4.7 trillion. The bank is headquartered in Beijing, China and it has around 13,629 domestic branches.
Agricultural Bank of China
Agricultural Bank of China is one among “big four” banks in China and one of the largest banks in the world with its total assets $4.5 trillion. The bank is also popular as AgBank and it has 2.7 million corporate clients, 320 million retail customers, and nearly 24,000 branches.
Bank of China
The Republican government had founded the Bank of China in 1912 as China’s central bank and today it is one of the largest banks of the world with its total assets $4.2 trillion billion. The bank is headquartered in Beijing, China and serves customers worldwide.
JPMorgan Chase
JPMorgan Chase is a well-known American multinational investment bank which was founded on December 1, 2000. The bank is headquartered in New York City, New York, U.S, however severs customers worldwide.
6. BNP Paribas
BNP Paribas was founded in the year 1848 and is the 2nd largest banking group in Europe. The bank is headquartered in Boulevard des Italiens, Paris, France and has 190,000 employees around the world.
7. China Development Bank
The bank came into existence in 1994. It is headquartered in Beijing, China. This bank is counted among policy banks of China that focus on raising funds for infrastructure projects.
8. Bank of America
Bank of America is one of the 8th largest banks in the world and headquartered in Charlotte, North Carolina, U.S. The bank has 4,600 retail financial centers and around 16,200 ATMs across the world.
9. Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group is a renowned Japanese financial services and bank holding company having a total assets of $2.35 trillion. The bank is headquartered at in Chiyoda, Tokyo, Japan.
10. Credit Agricole
Credit Agricole is otherwise known as La banque verte. It is the largest cooperative financial institution in the world and 2nd largest bank in France after BNP Paribas. The bank was founded on 5 November 1894 and is headquartered in Montrouge, France.
11. Sumitomo Mitsui Banking Corporation
SMBC Group (otherwise known as Sumitomo Mitsui Banking Corporation Group) is a renowned Japanese multinational banking headquartered in Yurakucho, Chiyoda, Tokyo, Japan. The bank offers services in corporate, retail, and investment banking segment worldwide.
12. Postal Savings Bank of China
Being a commercial retail bank, Postal Savings Bank of China Co., Ltd. or PSBC was founded in the year 2007. The bank is headquartered in Beijing, China and offers financial services mainly to low income group people.
13. Japan Post Bank
Japan Post Bank is one of the largest Japanese banks which is headquartered in Tokyo. The bank was started on 1 September 2006 and has played an exceptional role towards the industrial and economic development of the country.
14. Bank of Communications
Being one of the largest banks in the world, Bank of Communications was founded in the year 1908 and it has a total asset of $1.91 trillion in 2024.
15. Banco Santander
Along with Europe, the bank has expanded its financial services to continental Asia, South and North America. The financial services company was founded on 15 May 1857 and it has a total asset of $1.8 trillion in 2024.
Also Check: Highest Currencies in the World
FAQs
Industrial and Commercial Bank of China (ICBC)
Industrial and Commercial Bank of China (ICBC), China Construction Bank, and Agricultural Bank of China
According to total assets, the No 1 bank in the world is Industrial and Commercial Bank of China (ICBC).
Disclaimer: The total assets of banks in the world is subject to change. Kindly write to us to corrections, if any.
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