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IPFS News Link • Central Banks/Banking

The World's Top 50 Largest Banks By Consolidated Assets

•, 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