The World's Top 50 Largest Banks By Consolidated Assets
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 ๐จ๐ณ China $5.7T
2 China Construction Bank Corp ๐จ๐ณ China $5.0T
3 Agricultural Bank of China ๐จ๐ณ China $4.9T
4 Bank of China ๐จ๐ณ China $4.2T
5 JPMorgan Chase & Co. ๐บ๐ธ US $3.7T
6 Bank of America ๐บ๐ธ US $3.1T
7 Mitsubishi UFJ Financial Group ๐ฏ๐ต Japan $3.0T
8 HSBC Holdings ๐ฌ๐ง UK $2.9T
9 BNP Paribas ๐ซ๐ท France $2.9T
10 Crรฉdit Agricole Group ๐ซ๐ท France $2.5T
11 Citigroup ๐บ๐ธ US $2.4T
12 Postal Savings Bank of China ๐จ๐ณ China $2.0T
13 Sumitomo Mitsui Financial Group ๐ฏ๐ต Japan $2.0T
14 Mizuho Financial Group ๐ฏ๐ต Japan $1.9T
15 Bank of Communications ๐จ๐ณ China $1.9T
16 Wells Fargo & Co. ๐บ๐ธ US $1.9T
17 Banco Santander ๐ช๐ธ Spain $1.9T
18 Barclays PLC ๐ฌ๐ง UK $1.8T
19 JAPAN POST BANK ๐ฏ๐ต Japan $1.7T
20 UBS Group ๐จ๐ญ Switzerland $1.7T
21 Groupe BPCE ๐ซ๐ท France $1.6T
22 Sociรฉtรฉ Gรฉnรฉrale ๐ซ๐ท France $1.6T
23 Royal Bank of Canada ๐จ๐ฆ Canada $1.5T
24 The Toronto-Dominion Bank ๐จ๐ฆ Canada $1.5T
25 China Merchants Bank ๐จ๐ณ China $1.5T
26 Goldman Sachs Group ๐บ๐ธ US $1.4T
27 Deutsche Bank ๐ฉ๐ช Germany $1.4T
28 Industrial Bank ๐จ๐ณ China $1.3T
29 China CITIC Bank International ๐จ๐ณ China $1.2T
30 Shanghai Pudong Development Bank ๐จ๐ณ China $1.2T
31 Morgan Stanley ๐บ๐ธ US $1.2T
32 Crรฉdit Mutuel ๐ซ๐ท France $1.2T
33 Lloyds Banking Group ๐ฌ๐ง UK $1.1T
34 China Minsheng Banking ๐จ๐ณ China $1.1T
35 Intesa Sanpaolo ๐ฎ๐น Italy $1.0T
36 ING Groep ๐ณ๐ฑ Netherlands $1.0T
37 The Bank of Nova Scotia ๐จ๐ฆ Canada $1.0T
38 UniCredit ๐ฎ๐น Italy $917B
39 China Everbright Bank ๐จ๐ณ China $913B
40 NatWest Group ๐ฌ๐ง UK $868B
41 Bank of Montreal ๐จ๐ฆ Canada $859B
42 Commonwealth Bank of Australia ๐ฆ๐บ Australia $837B
43 Standard Chartered ๐ฌ๐ง UK $820B
44 La Banque Postale ๐ซ๐ท France $797B
45 Ping An Bank ๐จ๐ณ China $772B
46 Banco Bilbao Vizcaya Argentaria ๐ช๐ธ Spain $762B
47 The Norinchukin Bank ๐ฏ๐ต Japan $753B
48 State Bank of India ๐ฎ๐ณ India $695B
49 Canadian Imperial Bank of Commerce ๐จ๐ฆ Canada $691B
50 National Australia Bank ๐ฆ๐บ Australia $680B
The Chinese financial market is followed by the American market on our list, with six U.S. banks combining for $13.7 trillion in assets.
The top 10 on the list include four Chinese banks, two American institutions, two French, one Japanese, and one British.
The biggest climber on our rank was Swiss UBS Group AG. The bank surged to 20th place from 34th in 2021. Its $1.6 trillion asset size has been adjusted to incorporate troubled Credit Suisse Group AG, which UBS agreed to take over in an emergency deal orchestrated by the Swiss authorities in March 2023.
Assets held by the 100 largest banks totaled $111.97 trillion in 2022, down 1.5% from $113.67 trillion a year earlier. Some of the reasons include high inflation, interest rate hikes, and the Russia-Ukraine war, which dampened global economic growth and investor sentiment.
https://www.zerohedge.com/markets/worlds-top-50-largest-banks-consolidated-assets
Something tells me the world economy is a house of cards.
I would examine the quality of those assets.
Exactly!
Fiat, swaps, loans, and scams