Banks-the financial institutions providing a range of products and services, including deposits, wealth management, and investment products- play an important role in our lives. Though the nature of a commercial bank has evolved drastically over the years, its basic purpose is the same, to protect people’s money. Large banks cater to their clients by offering savings and current accounts, FDs, loans, and lockers. Many of these banks also have verticals that work with corporate clients by providing stock services, brokerage, and advisory. Below, take a look at some of the largest banks in the world. These banks play a crucial role in running their country’s economy smoothly. The success of these banks can be attributed to how well their country’s economy is doing as well as how they are managing their assets and liabilities. Are you curious to find out more about them? Here’s the list for you.
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City. JPMorgan Chase is ranked by S&P Global as the largest bank in the United States and the 5th largest bank in the world by total assets, with total assets of US$3.213 trillion. It is also the world’s most valuable bank by market capitalization. JPMorgan Chase is incorporated in Delaware.
Industrial and Commercial Bank of China Limited is a multinational Chinese banking company. Founded as a limited company on 1 January 1984, ICBC is a state-owned commercial bank. With capital provided by the Ministry of Finance of China, the bank’s Tier 1 capital in 2013 was the largest of one...Read More
The Bank of America Corporation (simply referred to as Bank of America, often abbreviated as BofA or BoA) is an American multinational investment bank and financial services holding company headquartered in Charlotte, North Carolina. Founded in San Francisco, Bank of America was formed through NationsBank’s...Read More
Wells Fargo & Company is an American multinational financial services company with corporate headquarters in San Francisco, California, operational headquarters in Manhattan, and managerial offices throughout the United States and overseas.
China Construction Bank Corporation (CCB) is one of the “big four” banks in the People’s Republic of China. In 2015 CCB was the 2nd largest bank in the world by market capitalization and 6th largest company in the world. The bank has approximately 13,629 domestic branches. In addition,...Read More
HSBC Holdings plc is a British multinational investment bank and financial services holding company. It is the largest bank in Europe, with total assets of US$2.715 trillion (as of August 2020). HSBC traces its origin to a hong in British Hong Kong and its present form was established in London by...Read More
Agricultural Bank of China (ABC), also known as AgBank, is one of the “Big Four” banks in the People’s Republic of China. It was founded in 1951, and has its headquarters in Dongcheng District, Beijing. It has branches throughout mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore.
Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services corporation headquartered in New York City. The company was formed by the merger of banking giant Citicorp and financial conglomerate Travelers Group in 1998; Travelers was subsequently spun off from the company in 2002. Citigroup owns Citicorp, the holding company for Citibank, as well as several international subsidiaries. Citi is incorporated in New York.
The Bank of China is one of the four biggest state-owned commercial banks in China. Bank of China is legally separate from its subsidiary Bank of China (Hong Kong), although they maintain close relations in management and administration and co-operate in several areas including reselling BOC’s insurance and securities services.
China Merchants Bank (CMB) (Chinese: 招商銀行) is a Chinese bank headquartered in Futian District, Shenzhen, Guangdong, China. Founded in 1987, it is the first share-holding commercial bank wholly owned by corporate legal entities in China. CMB has over five hundred branches in mainland China and one in Hong Kong. In November 2007, as part of a drive for international growth, it won federal approval to open a branch in New York City.
The Royal Bank of Canada (RBC; French: Banque royale du Canada) is a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 16 million clients and has 86,000+ employees worldwide. The bank was founded in 1864 in Halifax, Nova...Read More
Banco Santander, S.A., doing business as Santander Group is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in all global financial centres as the 16th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia.
The Commonwealth Bank of Australia (CBA), or CommBank, is an Australian multinational bank with businesses across New Zealand, Asia, the United States and the United Kingdom. It provides a variety of financial services including retail, business and institutional banking, funds management, superannuation,...Read More
Mitsubishi UFJ Financial Group, Inc. is a Japanese bank holding and financial services company headquartered in Chiyoda, Tokyo, Japan. MUFG holds assets of around US$2,459 billion as of 2016 and is one of the main companies of the Mitsubishi Group. It is Japan’s largest financial group and the...Read More
The Toronto-Dominion Bank (French: Banque Toronto-Dominion) is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. Commonly known as TD and operating as TD Bank Group (French: Groupe Banque TD), the bank was created on 1 February 1955,...Read More
BNP Paribas S.A. is a French international banking group. It is the world’s 8th largest bank by total assets, and currently operates with a presence in 72 countries. It was formed through the merger of Banque Nationale de Paris (BNP) and Paribas in 2000, but has a corporate identity stretching...Read More
The Goldman Sachs Group, Inc., is an American multinational investment bank and financial services company headquartered in New York City. It offers services in investment management, securities, asset management, prime brokerage, and securities underwriting. It also provides investment banking to institutional investors.
PJSC Sberbank is a state-owned Russian banking and financial services company headquartered in Moscow. The company was known as “Sberbank of Russia” until 2015. Sberbank has operations in several European and post-Soviet countries. As of 2014 it was the largest bank in Russia and Eastern Europe, and the third largest in Europe, ranked 33rd in the world and first in central and Eastern Europe in The Banker’s Top 1000 World Banks ranking.
Morgan Stanley is an American multinational investment bank and financial services company headquartered at 1585 Broadway in the Morgan Stanley Building, Midtown Manhattan, New York City. With offices in more than 42 countries and more than 60,000 employees, the firm’s clients include corporations, governments, institutions, and individuals. Morgan Stanley ranked No. 67 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
U.S. Bancorp (stylized as us bancorp) is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment,...Read More
HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, Maharashtra. It has a base of 104,154 permanent employees as of 30 June 2019. HDFC Bank is India’s largest private sector bank by assets. It is the largest bank in India by market capitalisation as of March 2020.
Banco Itaú Unibanco S.A. is a Brazilian publicly quoted bank with headquarters in São Paulo, in the homonymous state, in Brazil. The bank is the result of the merger of Banco Itaú and Unibanco, which occurred on November 4, 2008 to form Banco Itaú Unibanco S.A., the largest financial...Read More
Westpac Banking Corporation, known simply as Westpac, is an Australian bank and financial services provider headquartered in Sydney, Australia. Established in 1817 as the Bank of New South Wales, it acquired the Commercial Bank of Australia in 1982 before being renamed shortly afterwards. It is one of Australia’s “big four” banks and is Australia’s first and oldest banking institution. Its name is a portmanteau of “Western” and “Pacific”.
The Bank of Nova Scotia (French: La Banque de Nouvelle-Écosse), operating as Scotiabank (French: Banque Scotia), is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada’s Big Five banks, it is the third largest Canadian bank...Read More
The ING Group (Dutch: ING Groep) is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. The three letters (ING) stand for “Internationale Nederlanden Groep”. Its primary businesses are retail banking, direct banking, commercial banking, investment...Read More
UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centres as the largest Swiss banking institution in the world. UBS client services...Read More
PNC Financial Services Group, Inc. (stylized as PNC) is a bank holding company and financial services corporation based in Pittsburgh, Pennsylvania. Its banking subsidiary, PNC Bank, operates in 21 states and the District of Columbia with 2,296 branches and 9,051 ATMs. The company also provides financial services such as asset management, wealth management, estate planning, loan servicing, and information processing.
The Charles Schwab Corporation is an American multinational financial services company founded in San Francisco, California. Headquartered in Westlake, Texas, Charles Schwab is the 13th largest banking institution in the United States with over US$3.3 trillion in client assets (as of 2019). It is...Read More
Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK’s largest financial services organisations, with 30 million customers and 65,000 employees. The Group’s heritage extends over 320 years, dating back to the founding of the Bank of Scotland by the Parliament of Scotland in 1695.
Sumitomo Mitsui Trust Holdings, Inc., formerly Chuo Mitsui Trust Holdings, Inc., is a Japanese financial holding company headquartered in Chiyoda, Tokyo. It provides an assortment of financial products to retail and wholesale customers, with a focus on asset management, financial brokerage and real estate services.
Bank of Communications Limited (BoCom or BoComm), founded in 1908, is the fifth-largest bank in mainland China. Established in 1908, the Bank of Communications claims a long history in China and is one of the banks to have issued banknotes in modern Chinese history.
The Australia and New Zealand Banking Group Limited, commonly called ANZ, is an Australian multinational banking and financial services company headquartered in Melbourne, Australia. It is the second largest bank by assets and third largest bank by market capitalisation in Australia.
Banco do Brasil S.A. (English: Bank of Brazil) is the largest bank by assets in Brazil and all of Latin America. Headquartered in Brasília, the Bank was founded by John VI, King of Portugal, in 1808, making it the oldest bank in Brazil, and one of the oldest banks in continuous operation in the world.
National Australia Bank (abbreviated NAB, branded nab) is one of the four largest financial institutions in Australia in terms of market capitalisation, earnings and customers. NAB was ranked 21st largest bank in the world measured by market capitalisation and 52nd largest bank in the world as measured by total assets in 2019. As of November 2014 NAB operated 1,590 branches and service centres; and 4,412 ATMs across Australia, New Zealand and Asia serving 12.7 million customers.
Intesa Sanpaolo S.p.A. is an Italian banking group resulting from the merger of Banca Intesa and Sanpaolo IMI based in Torre Intesa Sanpaolo, Turin, Italy. In 2014 it was the largest banking group in Italy by market capitalization, and second by total assets. The bank has also experienced growth in...Read More
Banco Bilbao Vizcaya Argentaria, S.A., better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present mainly in Spain, South America, North America, Turkey, and Romania.
Japan Post Bank Co., Ltd. is a Japanese bank headquartered in Tokyo. It is a corporation held by Japan Post Holdings, in which the government of Japan has a majority stake.
It is a major financial institution that started in 1875 as a postal savings system, and that still today continues to...Read More
The Bank of New York Mellon Corporation, commonly known as BNY Mellon, is an American investment banking services holding company headquartered in New York City. BNY Mellon was formed from the merger of The Bank of New York and the Mellon Financial Corporation in 2007. It is the world’s largest...Read More
Shanghai Pudong Development Bank Co. Ltd (SPDB or Pufa; SSE: 600000) incorporated on January 9, 1993 with the approval of the People’s Bank of China (August 28, 1992), is a joint-stock commercial bank with its headquarters located in Shanghai.
The Industrial Bank Co., Ltd. is a commercial bank based in Fuzhou, Fujian province of the People’s Republic of China. On 26 Aug. 1988, The State Council of China and the People’s Bank of China approved the establishment of this bank. Its official name is Fujian Industrial Bank Joint-Stock Corporation, Limited, or abbreviated to Industrial Bank (China).
Bank of China (Hong Kong) Limited also known as its short name Bank of China (Hong Kong) or BOCHK (Chinese: 中銀香港), is a subsidiary of the Bank of China (via a Hong Kong-listed intermediate holding company BOC Hong Kong (Holdings)). Bank of China (Hong Kong) is the second-largest commercial...Read More
The Bank of Montreal (French: Banque de Montréal) is a Canadian multinational investment bank and financial services company. Founded in Montreal, Quebec, in 1817 as Montreal Bank, its head office remains in Montreal, with its operational headquarters and executive offices in Toronto, Ontario, since...Read More
Crédit Agricole Group sometimes called “la banque verte” (English: “The green bank”) due to its historical ties to farming, is the world’s largest cooperative financial institution. It consists of a network of Crédit Agricole local banks, the 39 Crédit Agricole regional...Read More
DBS Bank Ltd is a Singaporean multinational banking and financial services corporation headquartered in Marina Bay, Singapore. The company was known as The Development Bank of Singapore Limited, before the present name was adopted on 21 July 2003 to reflect its changing role as a global bank.
Nordea Bank Abp (Finnish: Nordea Bank Oyj), commonly referred to as Nordea, is a European financial services group operating in northern Europe and based in Helsinki, Finland. The name “Nordea” comes from putting together the words “Nordic” and “ideas”. The bank is the result of...Read More
Capital One Financial Corporation is an American bank holding company specializing in credit cards, auto loans, banking, and savings accounts, headquartered in McLean, Virginia with operations primarily in the United States. It is on the list of largest banks in the United States and has developed a reputation for being a technology-focused bank.
NatWest Group plc (formerly The Royal Bank of Scotland Group plc), is a majority state-owned British banking and insurance holding company, based in Edinburgh, Scotland. The group operates a wide variety of banking brands offering personal and business banking, private banking, insurance and corporate...Read More
Mizuho Financial Group, Inc. abbreviated as MHFG, or simply called Mizuho, is a banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The name “mizuho (瑞穂)” literally means “abundant rice” in Japanese and “harvest” in the figurative sense. Upon its founding, it was the largest bank in the world by assets.
Credit Suisse Group AG is a global wealth manager, investment bank and financial services firm founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world and is one of the nine global “Bulge Bracket” banks providing...Read More
Postal Savings Bank of China Co., Ltd. also known as PSBC is a commercial retail bank founded in 2007 and headquartered in Beijing. It provides basic financial services, especially to small and medium enterprises, rural and low income customers. As of December 31, 2017, PSBC has 39,798 branches covering all regions of China.
China Minsheng Bank, founded on January 12, 1996, in Beijing, is the first bank in China to be owned mostly by private sector enterprises. The bank was founded by Jing Shuping, a Chinese lawyer and businessman. Minsheng Bank is well known for focusing on making loans to small-medium enterprise. It has over two hundred banking outlets throughout China and relationships with more than seven hundred banks overseas. The bank was publicly listed on the Hong Kong Stock Exchange in 2009.
UniCredit S.p.A. is an Italian global banking and financial services company. Its network spans 50 markets in 17 countries, with more than 8,500 branches and over 97,775 employees. Its strategic position in much of Europe gives the group one of the continent’s highest market shares.
China CITIC Bank is China’s seventh-largest lender in terms of total assets. It was known as CITIC Industrial Bank until it changed its name in August 2005. China CITIC Bank, established in 1987, is a nationally comprehensive and internationally oriented commercial bank. The bank operates in...Read More
Hang Seng Bank Limited is a Hong Kong-based banking and financial services company with headquarters in Central, Hong Kong. It is one of Hong Kong’s leading public companies in terms of market capitalisation and is part of the HSBC Group, which holds a majority equity interest in the bank.
Societe Generale S.A. , often nicknamed “SocGen”, is a French multinational investment bank and financial services company headquartered in Paris, France. The company is a universal bank and has divisions supporting French Networks, Global Transaction Banking, International Retail Banking, Financial Services, Corporate and Investment Banking, Private Banking, Asset Management and Securities Services.
Barclays plc is a British multinational investment bank and financial services company, headquartered in London, England. Apart from investment banking, Barclays is organised into four core businesses: personal banking, corporate banking, wealth management, and investment management.
The Canadian Imperial Bank of Commerce (CIBC; French: Banque Canadienne Impériale de Commerce), is a Canadian multinational banking and financial services corporation headquartered in Toronto, Ontario. The bank is headquartered at Commerce Court in the city’s Financial District. CIBC’s...Read More
PT Bank Central Asia Tbk, commonly known as Bank Central Asia (BCA) is an Indonesian bank founded on 21 February 1957. It is considered as the largest privately-owned bank in Indonesia. The Asian financial crisis in 1997 had a tremendous impact on Indonesia’s entire banking system. In particular,...Read More
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T (Branch Banking and Trust Company) and SunTrust Banks. Its bank operates 2,049 branches in 15 states and Washington,...Read More
Oversea-Chinese Banking Corporation, Limited (SGX: O39) ( abbreviated as OCBC Bank (华侨银行), is a multinational banking and financial services corporation headquartered in OCBC Centre, Singapore. OCBC Bank was born out of the Great Depression through the consolidation of three banks in 1932 – the Chinese Commercial Bank Limited (incorporated in 1912), the Ho Hong Bank Limited (incorporated in 1917) and the Oversea-Chinese Bank Limited (incorporated in 1919).
State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra. SBI is the 43rd largest bank in the world and ranked 236th in the Fortune Global 500 list of the world’s biggest corporations of 2019. A nationalised...Read More
State Street Bank and Trust Company, more commonly known as State Street Global Services or simply Global Services, is a subsidiary of State Street Corporation organized as a trust company based in Massachusetts specializing in services to mutual funds and their advisers, collective investment funds, corporate and public pension funds, insurance companies, operating companies and non-profit organizations. Global Services is the largest custodian bank in the world.
Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange.
KBC Group N.V. is a Belgian universal multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Ireland, Central Europe and South-East Asia. Besides retail banking, insurance and asset management activities (in collaboration with daughter companies...Read More
Danske Bank A/S is a Danish bank. It was founded 5 October 1871 as Den Danske Landmandsbank, Hypothek- og Vexelbank i Kjøbenhavn (The Danish Farmers’ Bank, Mortgage and Exchange Bank of Copenhagen). Headquartered in Copenhagen, it is the largest bank in Denmark and a major retail bank in the...Read More
Ping An Bank Co., Ltd. is a Chinese joint-stock commercial bank with its headquarters in Shenzhen. It primarily operates in Mainland China with a representative branch in Hong Kong. The bank offers services in retail and corporate banking, including investment banking services. As a subsidiary of Ping An Insurance, the bank is one of the three main pillars of Ping An Group: insurance, banking and asset management.
Standard Chartered plc is a British multinational banking and financial services company headquartered in London, England. It operates a network of more than 1,200 branches and outlets (including subsidiaries, associates and joint ventures) across more than 70 countries and employs around 87,000 people....Read More
United Overseas Bank Limited is a Singaporean multinational banking organisation headquartered in Singapore, with branches mostly found in most Southeast Asian countries. Founded in 1935 as United Chinese Bank (UCB, Chinese name the same) by Sarawak businessman Wee Kheng Chiang, the bank was set up together with a group of Chinese-born businessmen. The bank is the third largest bank in Southeast Asia by total assets.
Qatar National Bank (QNB Group) is a Qatari commercial bank headquartered in Doha, Qatar. It was founded in 1964 and currently has subsidiaries and associates in 31 countries spanning three continents. The bank’s ownership is evenly divided between the Qatar Investment Authority and members of the public.
Bank Kerjasama Rakyat Malaysia Berhad or Bank Rakyat was established on 28 September 1954 under Ordinance Cooperation’s Act 1948, regulated by Bank Negara Malaysia (BNM) under Development Financial Institutions Act (DAFIA 2002), Ministry Of Entrepreneur Development and Cooperatives (MEDAC) and Cooperatives Commission of Malaysia.