With $5.5 trillion in assets, Industrial and Commercial Bank of China Limited is the largest bank in the world, as measured by total assets. Given its size and dominance, it’s no surprise that ICBC China has earned high marks for financial stability and profitability. To find the largest banks in the world, we looked at the asset sizes of institutions that serve consumers and small businesses. A bank’s assets include, among other things, the number of its loans, mortgages, and credit card accounts. This is the most recent data for top banks as of January 30th, 2023.
With assets totaling about $3.3 trillion, JPMorgan Chase & Co. is the 5th largest bank globally and the biggest bank in the United States. The bank is headquartered in New York City. JPMorgan Chase & Co. (NYSE: JPM) was founded in 1799 as the Bank of the Manhattan Company. Based on asset size, here are the largest banks in the world, with more than a trillion-dollar in total asset base.
Biggest banks in the world, as measured by total assets, 2023
| Rank | BANK | Total asset | Country |
|---|---|---|---|
| 1 | Industrial and Commercial Bank of China Limited | $5.5 trillion | China |
| 2 | China Construction Bank | $4.7 trillion | China |
| 3 | Agricultural Bank of China | $4.5 trillion | China |
| 4 | Bank of China | $4.2 trillion | China |
| 5 | JPMorgan Chase | $3.3 trillion | United States |
| 6 | BNP Paribas | $2.9 trillion | France |
| 7 | China Development Bank | $2.69 trillion | China |
| 8 | Bank of America | $2.5 trillion | United States |
| 9 | Mitsubishi UFJ Financial Group | $2.35 trillion | Japan |
| 10 | Crédit Agricole | $2.34 trillion | France |
| 11 | Sumitomo Mitsui Banking Corporation | $2.06 trillion | Japan |
| 12 | Postal Savings Bank of China | $1.97 trillion | China |
| 13 | Japan Post Bank | $1.97 trillion | Japan |
| 14 | Bank of Communications | $1.91 trillion | China |
| 15 | Banco Santander | $1.8 trillion | Spain |
| 16 | Wells Fargo | $1.8 trillion | United States |
| 17 | Groupe BPCE | $1.7 trillion | France |
| 18 | Mizuho Financial Group | $1.7 trillion | Japan |
| 19 | Citigroup Inc. | $1.66 trillion | United States |
| 20 | Société Générale | $1.66 trillion | France |
| 21 | UBS + Credit Suisse | $1.6 trillion | Switzerland |
| 22 | Deutsche Bank | $1.49 trillion | Germany |
| 23 | China Merchants Bank | $1.45 trillion | China |
| 24 | Barclays | $1.43 trillion | United Kingdom |
| 25 | Toronto-Dominion Bank | $1.40 trillion | Canada |
| 26 | Royal Bank of Canada | $1.37 trillion | Canada |
| 27 | Industrial Bank (China) | $1.35 trillion | China |
| 28 | Shanghai Pudong Development Bank | $1.27 trillion | China |
| 29 | HSBC | $1.26 trillion | United Kingdom |
| 30 | China Citic Bank Corporation Limited CNCB | $1.26 trillion | China |
| 31 | Intesa Sanpaolo | $1.21 trillion | Italy |
| 32 | The Agricultural Development Bank of China | $1.14 trillion | China |
| 33 | China Minsheng Bank | $1.09 trillion | China |
| 34 | ING Group | $1.08 trillion | Netherlands |
| 35 | UniCredit | $1.04 trillion | Italy |
| 36 | Bank of Nova Scotia | $1.04 trillion | Canada |
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