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posted ago by aslan_is_0n_the_m0ve ago by aslan_is_0n_the_m0ve +23 / -0

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 ๐Ÿ‡จ๐Ÿ‡ณ China $5.7T

2 China Construction Bank Corp ๐Ÿ‡จ๐Ÿ‡ณ China $5.0T

3 Agricultural Bank of China ๐Ÿ‡จ๐Ÿ‡ณ China $4.9T

4 Bank of China ๐Ÿ‡จ๐Ÿ‡ณ China $4.2T

5 JPMorgan Chase & Co. ๐Ÿ‡บ๐Ÿ‡ธ US $3.7T

6 Bank of America ๐Ÿ‡บ๐Ÿ‡ธ US $3.1T

7 Mitsubishi UFJ Financial Group ๐Ÿ‡ฏ๐Ÿ‡ต Japan $3.0T

8 HSBC Holdings ๐Ÿ‡ฌ๐Ÿ‡ง UK $2.9T

9 BNP Paribas ๐Ÿ‡ซ๐Ÿ‡ท France $2.9T

10 Crรฉdit Agricole Group ๐Ÿ‡ซ๐Ÿ‡ท France $2.5T

11 Citigroup ๐Ÿ‡บ๐Ÿ‡ธ US $2.4T

12 Postal Savings Bank of China ๐Ÿ‡จ๐Ÿ‡ณ China $2.0T

13 Sumitomo Mitsui Financial Group ๐Ÿ‡ฏ๐Ÿ‡ต Japan $2.0T

14 Mizuho Financial Group ๐Ÿ‡ฏ๐Ÿ‡ต Japan $1.9T

15 Bank of Communications ๐Ÿ‡จ๐Ÿ‡ณ China $1.9T

16 Wells Fargo & Co. ๐Ÿ‡บ๐Ÿ‡ธ US $1.9T

17 Banco Santander ๐Ÿ‡ช๐Ÿ‡ธ Spain $1.9T

18 Barclays PLC ๐Ÿ‡ฌ๐Ÿ‡ง UK $1.8T

19 JAPAN POST BANK ๐Ÿ‡ฏ๐Ÿ‡ต Japan $1.7T

20 UBS Group ๐Ÿ‡จ๐Ÿ‡ญ Switzerland $1.7T

21 Groupe BPCE ๐Ÿ‡ซ๐Ÿ‡ท France $1.6T

22 Sociรฉtรฉ Gรฉnรฉrale ๐Ÿ‡ซ๐Ÿ‡ท France $1.6T

23 Royal Bank of Canada ๐Ÿ‡จ๐Ÿ‡ฆ Canada $1.5T

24 The Toronto-Dominion Bank ๐Ÿ‡จ๐Ÿ‡ฆ Canada $1.5T

25 China Merchants Bank ๐Ÿ‡จ๐Ÿ‡ณ China $1.5T

26 Goldman Sachs Group ๐Ÿ‡บ๐Ÿ‡ธ US $1.4T

27 Deutsche Bank ๐Ÿ‡ฉ๐Ÿ‡ช Germany $1.4T

28 Industrial Bank ๐Ÿ‡จ๐Ÿ‡ณ China $1.3T

29 China CITIC Bank International ๐Ÿ‡จ๐Ÿ‡ณ China $1.2T

30 Shanghai Pudong Development Bank ๐Ÿ‡จ๐Ÿ‡ณ China $1.2T

31 Morgan Stanley ๐Ÿ‡บ๐Ÿ‡ธ US $1.2T

32 Crรฉdit Mutuel ๐Ÿ‡ซ๐Ÿ‡ท France $1.2T

33 Lloyds Banking Group ๐Ÿ‡ฌ๐Ÿ‡ง UK $1.1T

34 China Minsheng Banking ๐Ÿ‡จ๐Ÿ‡ณ China $1.1T

35 Intesa Sanpaolo ๐Ÿ‡ฎ๐Ÿ‡น Italy $1.0T

36 ING Groep ๐Ÿ‡ณ๐Ÿ‡ฑ Netherlands $1.0T

37 The Bank of Nova Scotia ๐Ÿ‡จ๐Ÿ‡ฆ Canada $1.0T

38 UniCredit ๐Ÿ‡ฎ๐Ÿ‡น Italy $917B

39 China Everbright Bank ๐Ÿ‡จ๐Ÿ‡ณ China $913B

40 NatWest Group ๐Ÿ‡ฌ๐Ÿ‡ง UK $868B

41 Bank of Montreal ๐Ÿ‡จ๐Ÿ‡ฆ Canada $859B

42 Commonwealth Bank of Australia ๐Ÿ‡ฆ๐Ÿ‡บ Australia $837B

43 Standard Chartered ๐Ÿ‡ฌ๐Ÿ‡ง UK $820B

44 La Banque Postale ๐Ÿ‡ซ๐Ÿ‡ท France $797B

45 Ping An Bank ๐Ÿ‡จ๐Ÿ‡ณ China $772B

46 Banco Bilbao Vizcaya Argentaria ๐Ÿ‡ช๐Ÿ‡ธ Spain $762B

47 The Norinchukin Bank ๐Ÿ‡ฏ๐Ÿ‡ต Japan $753B

48 State Bank of India ๐Ÿ‡ฎ๐Ÿ‡ณ India $695B

49 Canadian Imperial Bank of Commerce ๐Ÿ‡จ๐Ÿ‡ฆ Canada $691B

50 National Australia Bank ๐Ÿ‡ฆ๐Ÿ‡บ 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