Banks are often categorized as the biggest companies in the world. A report by S&P Global Market Intelligence ranks the top 100 banks in the world. The banks are ranked according to the total amount of assets they have. The top banks in the list are all Chinese and have total assets of $19.8 trillion. Chinese banks have grown 4.1% by 2022. The top 15 companies that are handling the largest amounts of assets in China are banks. The bank that is at the top is Industrial and Commercial Bank of China with $5.7 trillion assets. The next in the list is China Construction Bank Corporation which has $5.0 trillion assets. Agricultural Bank of China and Bank of China have the 3rd and 4th position with $4.9 trillion and $4.2 trillion assets respectively.
The top US bank that comes in 5th position is JPMorgan Chase and Co. It has $3.7 trillion of assets and is followed by Bank of America with $3.1 trillion. Japan’s Mitsubishi UFJ Financial Group possesses assets of about $3.0 trillion and the UK’s HSBC Holdings lies at 8th position on the list with $2.9 trillion. France has its two banks lining up on the top 10 list with BNP Paribas ($2.9 trillion) and Crédit Agricole Group ($2.5 trillion).
Citigroup (US) has $2.4 trillion while China’s Postal Savings Bank of China comes in 12th position with $2.0 trillion. Japan’s Sumitomo Mitsui Financial Group ($2.0 trillion) and Mizuho Financial Group ($1.9 trillion), China’s Bank of Communications ($1.9 trillion), US’s Wells Fargo & Co. ($1.9 trillion) and Spain’s Banco Santander (1.9 trillion) all made to the top 20 list. Spain had its first bank entry at 17. The 18th largest bank in terms of assets is Barclays PLC with $1.8 trillion assets. Japan’s Post Bank (Japan) and UBS Group (Switzerland) has $1.7 trillion assets.
Two banks from Canada, Royal Bank of Canada and The Toronto-Dominion Bank had their entries at 23 and 24 with $1.4 trillion assets. The first entry Germany acquired was at 27 with $1.4 trillion in Deutsche Bank. Italy’s Intesa Sanpaolo had 35th position with $1.0 trillion. Another bank from Italy, UniCredit, has $917 billion assets. The Netherlands came at 36th position with ING Groep ($1.0 trillion).
The list shows that most of the assets are from China, US, France, Japan and UK. Only the total amount of assets from US banks are $13.7 trillion in total. In the top 10 list alone, banks from China have taken 4 spots, America and France have 2 and UK and Japan have one spot. The bank that saw the biggest jump in 2022 Switzerland’s UBS group. It was at 34th spot in 2021 but now it has taken over the 20th spot. UBS took over Credit Suisse Group AG which is the reason of its increased assets.
If we total the amount of assets from the top 100 banks in the world, it sums up to $111.97 trillion in 2022. It is 1.5% less than 2021 that had $113.67 trillion total assets. Some of the reasons why the assets have decreased a little is inflation, high rates of interest and wars that are directly affecting the economy of the world. Now we will have to see what the coming years will do to the economy of the world and the assets in these banks.
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The top US bank that comes in 5th position is JPMorgan Chase and Co. It has $3.7 trillion of assets and is followed by Bank of America with $3.1 trillion. Japan’s Mitsubishi UFJ Financial Group possesses assets of about $3.0 trillion and the UK’s HSBC Holdings lies at 8th position on the list with $2.9 trillion. France has its two banks lining up on the top 10 list with BNP Paribas ($2.9 trillion) and Crédit Agricole Group ($2.5 trillion).
Citigroup (US) has $2.4 trillion while China’s Postal Savings Bank of China comes in 12th position with $2.0 trillion. Japan’s Sumitomo Mitsui Financial Group ($2.0 trillion) and Mizuho Financial Group ($1.9 trillion), China’s Bank of Communications ($1.9 trillion), US’s Wells Fargo & Co. ($1.9 trillion) and Spain’s Banco Santander (1.9 trillion) all made to the top 20 list. Spain had its first bank entry at 17. The 18th largest bank in terms of assets is Barclays PLC with $1.8 trillion assets. Japan’s Post Bank (Japan) and UBS Group (Switzerland) has $1.7 trillion assets.
Two banks from Canada, Royal Bank of Canada and The Toronto-Dominion Bank had their entries at 23 and 24 with $1.4 trillion assets. The first entry Germany acquired was at 27 with $1.4 trillion in Deutsche Bank. Italy’s Intesa Sanpaolo had 35th position with $1.0 trillion. Another bank from Italy, UniCredit, has $917 billion assets. The Netherlands came at 36th position with ING Groep ($1.0 trillion).
The list shows that most of the assets are from China, US, France, Japan and UK. Only the total amount of assets from US banks are $13.7 trillion in total. In the top 10 list alone, banks from China have taken 4 spots, America and France have 2 and UK and Japan have one spot. The bank that saw the biggest jump in 2022 Switzerland’s UBS group. It was at 34th spot in 2021 but now it has taken over the 20th spot. UBS took over Credit Suisse Group AG which is the reason of its increased assets.
If we total the amount of assets from the top 100 banks in the world, it sums up to $111.97 trillion in 2022. It is 1.5% less than 2021 that had $113.67 trillion total assets. Some of the reasons why the assets have decreased a little is inflation, high rates of interest and wars that are directly affecting the economy of the world. Now we will have to see what the coming years will do to the economy of the world and the assets in these banks.
| Bank | Headquarters | Total Assets |
|---|---|---|
| Industrial and Commercial Bank of China | China | $5.7T |
| China Construction Bank Corp | China | $5.0T |
| Agricultural Bank of China | China | $4.9T |
| Bank of China | China | $4.2T |
| JPMorgan Chase & Co. | US | $3.7T |
| Bank of America | US | $3.1T |
| Mitsubishi UFJ Financial Group | Japan | $3.0T |
| HSBC Holdings | UK | $2.9T |
| BNP Paribas | France | $2.9T |
| Crédit Agricole | France | $2.5T |
| Citigroup | US | $2.4T |
| Postal Savings Bank of China | China | $2.0T |
| Sumitomo Mitsui Financial Group | Japan | $2.0T |
| Mizuho Financial Group | Japan | $1.9T |
| Bank of Communications | China | $1.9T |
| Wells Fargo & Co. | US | $1.9T |
| Banco Santander | Spain | $1.9T |
| Barclays PLC | UK | $1.8T |
| JAPAN POST BANK | Japan | $1.7T |
| UBS Group | Switzerland | $1.7T |
| Groupe BPCE | France | $1.6T |
| Société Générale | France | $1.6T |
| Royal Bank of Canada | Canada | $1.5T |
| The Toronto-Dominion Bank | Canada | $1.5T |
| China Merchants Bank | China | $1.5T |
| Goldman Sachs Group | US | $1.4T |
| Deutsche Bank | Germany | $1.4T |
| Industrial Bank | China | $1.3T |
| China CITIC Bank International | China | $1.2T |
| Shanghai Pudong Development Bank | China | $1.2T |
| Morgan Stanley | US | $1.2T |
| Crédit Mutuel | France | $1.2T |
| Lloyds Banking Group | UK | $1.1T |
| China Minsheng Banking | China | $1.1T |
| Intesa Sanpaolo | Italy | $1.0T |
| ING Groep | Netherlands | $1.0T |
| The Bank of Nova Scotia | Canada | $1.0T |
| UniCredit | Italy | $917B |
| China Everbright Bank | China | $913B |
| NatWest Group | UK | $868B |
| Bank of Montreal | Canada | $859B |
| Commonwealth Bank of Australia | Australia | $837B |
| Standard Chartered | UK | $820B |
| La Banque Postale | France | $797B |
| Ping An Bank | China | $772B |
| Banco Bilbao Vizcaya Argentaria | Spain | $762B |
| The Norinchukin Bank | Japan | $753B |
| State Bank of India | India | $695B |
| Canadian Imperial Bank of Commerce | Canada | $691B |
| National Australia Bank | Australia | $680B |
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