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CEOWORLD magazine - Latest - Money and Wealth - Biggest banks in the world, as measured by total assets, 2023

Money and Wealth

Biggest banks in the world, as measured by total assets, 2023

Stock Exchange

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

RankBANKTotal assetCountry
1Industrial and Commercial Bank of China Limited$5.5 trillionChina
2China Construction Bank$4.7 trillionChina
3Agricultural Bank of China$4.5 trillionChina
4Bank of China$4.2 trillionChina
5JPMorgan Chase$3.3 trillionUnited States
6BNP Paribas$2.9 trillionFrance
7China Development Bank $2.69 trillionChina
8Bank of America$2.5 trillionUnited States
9Mitsubishi UFJ Financial Group$2.35 trillionJapan
10Crédit Agricole$2.34 trillionFrance
11Sumitomo Mitsui Banking Corporation$2.06 trillionJapan
12Postal Savings Bank of China$1.97 trillionChina
13Japan Post Bank$1.97 trillionJapan
14Bank of Communications$1.91 trillionChina
15Banco Santander$1.8 trillionSpain
16Wells Fargo$1.8 trillionUnited States
17Groupe BPCE$1.7 trillionFrance
18Mizuho Financial Group$1.7 trillionJapan
19Citigroup Inc.$1.66 trillionUnited States
20Société Générale$1.66 trillionFrance
21UBS + Credit Suisse$1.6 trillionSwitzerland
22Deutsche Bank$1.49 trillionGermany
23China Merchants Bank$1.45 trillionChina
24Barclays$1.43 trillionUnited Kingdom
25Toronto-Dominion Bank$1.40 trillionCanada
26Royal Bank of Canada$1.37 trillionCanada
27Industrial Bank (China)$1.35 trillionChina
28Shanghai Pudong Development Bank$1.27 trillionChina
29HSBC$1.26 trillionUnited Kingdom
30China Citic Bank Corporation Limited CNCB$1.26 trillionChina
31Intesa Sanpaolo$1.21 trillionItaly
32The Agricultural Development Bank of China$1.14 trillionChina
33China Minsheng Bank$1.09 trillionChina
34ING Group$1.08 trillionNetherlands
35UniCredit$1.04 trillionItaly
36Bank of Nova Scotia$1.04 trillionCanada

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CEOWORLD magazine - Latest - Money and Wealth - Biggest banks in the world, as measured by total assets, 2023

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Sophie Ireland
Sophie is currently serving as a Senior Economist at CEOWORLD magazine's Global Unit. She started her career as a Young Professional at CEOWORLD magazine in 2010 and has since worked as an economist in three different regions, namely Latin America and the Caribbean, Africa, East Asia, and the Pacific. Her research interests primarily revolve around the topics of economic growth, labor policy, migration, inequality, and demographics. In her current role, she is responsible for monitoring macroeconomic conditions and working on subjects related to macroeconomics, fiscal policy, international trade, and finance. Prior to this, she worked with multiple local and global financial institutions, gaining extensive experience in the fields of economic research and financial analysis.

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