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IPFS News Link • Central Banks/Banking

The World's Top 50 Largest Banks By Consolidated Assets

• https://www.zerohedge.com, by Tyler Durden

In this graphic, Visual Capitalist's Marcus Lu lists the top 50 banks in the world by consolidated assets, based on a 2023 report from S&P Global Market Intelligence. The data represents each bank's total assets for the most recent period available.

Chinese Banks Keep on Growing

According to S&P, the four largest Chinese banks grew their assets by 4.1% in 2022, reaching a combined total of $19.8 trillion.

In fact, Chinese banks already account for over a third of the assets held by the largest banks on the planet. Four of the 15 biggest companies in China are banks.

Rank Bank Headquarters Total Assets
1 Industrial and Commercial Bank of China ???????? China $5.7T
2 China Construction Bank Corp ???????? China $5.0T
3 Agricultural Bank of China ???????? China $4.9T
4 Bank of China ???????? China $4.2T
5 JPMorgan Chase & Co. ???????? US $3.7T
6 Bank of America ???????? US $3.1T
7 Mitsubishi UFJ Financial Group ???????? Japan $3.0T
8 HSBC Holdings ???????? UK $2.9T
9 BNP Paribas ???????? France $2.9T
10 Crédit Agricole Group ???????? France $2.5T
11 Citigroup ???????? US $2.4T
12 Postal Savings Bank of China ???????? China $2.0T
13 Sumitomo Mitsui Financial Group ???????? Japan $2.0T
14 Mizuho Financial Group ???????? Japan $1.9T
15 Bank of Communications ???????? China $1.9T
16 Wells Fargo & Co. ???????? US $1.9T
17 Banco Santander ???????? Spain $1.9T
18 Barclays PLC ???????? UK $1.8T
19 JAPAN POST BANK ???????? Japan $1.7T
20 UBS Group ???????? Switzerland $1.7T
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