Top 15 Largest Banks in the World 2023 by Total Assets

Industrial and Commercial Bank of China Limited is the world’s largest bank with its total assets $5,866 billion. We have ranked here the top 15 largest in the world 2023 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 2023

Shared below is the list of 15 largest banks in the world 2023:

Name of the Bank Total Assets
Industrial and Commercial Bank of China (ICBC) $5,866 billion
China Construction Bank $4,532 billion
Agricultural Bank of China $4,354 billion
Bank of China $4,113 billion
JPMorgan Chase $3,954 billion
Mitsubishi UFJ Financial Group $3,737 billion
HSBC $2,958 billion
Bank of America $2,434 billion
BNP Paribas $2,429 billion
Credit Agricole $2,256 billion
Japan Post Bank $1,984 billion
SMBC Group $1,954 billion
Citigroup Inc. $1,951 billion
Wells Fargo $1,927 billion
Mizuho Financial Group $1,874 billion
  1. Industrial and Commercial Bank of China (ICBC)

Industrial and Commercial Bank of China

The total assets of Industrial and Commercial Bank of China is $5,866 billion. 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.

  1. China Construction Bank

China Construction Bank

China Construction Bank is one among “big four” banks in China. It is 2nd largest bank in the world with its assets $4,532 billion. The bank is headquartered in Beijing, China and it has around 13,629 domestic branches.

  1. Agricultural Bank of China

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 $4,354 billion. The bank is also popular as AgBank and it has 2.7 million corporate clients, 320 million retail customers, and nearly 24,000 branches.

  1. Bank of China

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 $4,113 billion. The bank is headquartered in Beijing, China and serves customers worldwide.

  1. JPMorgan Chase

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.

  1. Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group

Mitsubishi UFJ Financial Group is a renowned Japanese financial services and bank holding company having a total assets of $3,737 billion. The bank is headquartered at in Chiyoda, Tokyo, Japan.

  1. HSBC

HSBC

HSBC is the largest bank in Europe and 7th largest banks in the world with its total assets $2,958 billion. The total number of employees in HSBC as of 2021 is 219,697. The bank has set up its offices in 64 countries and territories across Africa, Asia, Europe, Oceania, South America, and North America and serves 40 million customers worldwide.

  1. Bank of America

Bank of America

Bank of America is one of the 8th 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.

  1. BNP Paribas

BNP Paribas

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

  1. Credit Agricole

Credit Agricole

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

Also Check: Highest Currencies in the World

  1. Japan Post Bank

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.

  1. SMBC Group

SMBC Group

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.

  1. Citigroup Inc.

Citigroup Inc.

Citigroup is the 13th largest bank in the world by total assets and 3rd largest banking institution in the United States. The banking group offers services to 200 million customers across 160 countries around the world.

  1. Wells Fargo

Wells Fargo

Headquartered in San Francisco, California, Wells Fargo provides its banking services to more than 70 million customers across 35 countries. It is an American multinational financial services company having total assets $1,927 billion.

  1. Mizuho Financial Group

Mizuho Financial Group

Mizuho Financial Group is also popular as MHFG and Mizuho. The products of this banking holding company include consumer banking, Credit cards, corporate banking, global wealth management, investment banking, private equity, and financial analysis.

FAQs

Which bank is the largest bank in the world?

Industrial and Commercial Bank of China (ICBC)

Which banks are 3 largest banks in the world?

Industrial and Commercial Bank of China (ICBC), China Construction Bank, and Agricultural Bank of China

Which is the No 1 bank in the world?

According to total assets, the No 1 bank in the world is Industrial and Commercial Bank of China (ICBC).

Disclaimer: The total assets of banks in the world is subject to change. We’ll keep updating this post with current total assets of largest banks in the world 2023.

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  1. Ajay S

    Bank account statement = 1000
    credit card = 1000
    debit card = 1000

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