Top 15 Largest Banks in the World 2024 by Total Assets

Industrial and Commercial Bank of China Limited is the world’s largest bank with its total assets $5.5 trillion. We have ranked here the top 15 largest in the world 2024 by its total assets.

When you put your money in one of the largest banks in the world it is quite obvious that you have more access to in-person services at bank branches, a wider ATM network, and a modified range of products and services.

We have ranked largest banks in the world based on their total assets. However, do you know the economic function of a bank? A bank creates money by settlement of payments, processing loans, credit quality improvement and other means.

Top 15 Largest Banks in the World 2024

Shared below is the list of largest banks in the world:

Name of the Bank	Total Assets
Industrial and Commercial Bank of China Limited	$5.5 trillion
China Construction Bank	$4.7 trillion
Agricultural Bank of China	$4.5 trillion
Bank of China	$4.2 trillion
JPMorgan Chase	$3.3 trillion
BNP Paribas	$2.9 trillion
China Development Bank	$2.69 trillion
Bank of America	$2.5 trillion
Mitsubishi UFJ Financial Group	$2.35 trillion
Credit Agricole	$2.34 trillion
Sumitomo Mitsui Banking Corporation	$2.06 trillion
Postal Savings Bank of China	$1.97 trillion
Japan Post Bank	$1.97 trillion
Bank of Communications	$1.91 trillion
Banco Santander	$1.8 trillion

1. Industrial and Commercial Bank of China (ICBC)

The total assets of Industrial and Commercial Bank of China is $5.5 trillion. It is a Chinese multinational bank that was founded on 1 January 1984. The bank is headquartered in Beijing, China and it has 434,798 employees.

2. China Construction Bank

China Construction Bank is one among “big four” banks in China. It is 2^nd largest bank in the world with its assets $4.7 trillion. The bank is headquartered in Beijing, China and it has around 13,629 domestic branches.

3. Agricultural Bank of China

Agricultural Bank of China is one among “big four” banks in China and one of the largest banks in the world with its total assets $4.5 trillion. The bank is also popular as AgBank and it has 2.7 million corporate clients, 320 million retail customers, and nearly 24,000 branches.

4. Bank of China

The Republican government had founded the Bank of China in 1912 as China’s central bank and today it is one of the largest banks of the world with its total assets $4.2 trillion billion. The bank is headquartered in Beijing, China and serves customers worldwide.

5. JPMorgan Chase

JPMorgan Chase is a well-known American multinational investment bank which was founded on December 1, 2000. The bank is headquartered in New York City, New York, U.S, however severs customers worldwide.

6. BNP Paribas

BNP Paribas was founded in the year 1848 and is the 2^nd largest banking group in Europe. The bank is headquartered in Boulevard des Italiens, Paris, France and has 190,000 employees around the world.

7. China Development Bank

The bank came into existence in 1994. It is headquartered in Beijing, China. This bank is counted among policy banks of China that focus on raising funds for infrastructure projects.

8. Bank of America

Bank of America is one of the 8^th largest banks in the world and headquartered in Charlotte, North Carolina, U.S. The bank has 4,600 retail financial centers and around 16,200 ATMs across the world.

9. Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group is a renowned Japanese financial services and bank holding company having a total assets of $2.35 trillion. The bank is headquartered at in Chiyoda, Tokyo, Japan.

10. Credit Agricole

Credit Agricole is otherwise known as La banque verte. It is the largest cooperative financial institution in the world and 2^nd largest bank in France after BNP Paribas. The bank was founded on 5 November 1894 and is headquartered in Montrouge, France.

11. Sumitomo Mitsui Banking Corporation

SMBC Group (otherwise known as Sumitomo Mitsui Banking Corporation Group) is a renowned Japanese multinational banking headquartered in Yurakucho, Chiyoda, Tokyo, Japan. The bank offers services in corporate, retail, and investment banking segment worldwide.

12. Postal Savings Bank of China

Being a commercial retail bank, Postal Savings Bank of China Co., Ltd.  or PSBC was founded in the year 2007. The bank is headquartered in Beijing, China and offers financial services mainly to low income group people.

13. Japan Post Bank

Japan Post Bank is one of the largest Japanese banks which is headquartered in Tokyo. The bank was started on 1 September 2006 and has played an exceptional role towards the industrial and economic development of the country.

14. Bank of Communications

Being one of the largest banks in the world, Bank of Communications was founded in the year 1908 and it has a total asset of $1.91 trillion in 2024.

15. Banco Santander

Along with Europe, the bank has expanded its financial services to continental Asia, South and North America. The financial services company was founded on 15 May 1857 and it has a total asset of $1.8 trillion in 2024.

Also Check: Highest Currencies in the World

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Disclaimer: The total assets of banks in the world is subject to change. Kindly write to us to corrections, if any.