China Accounts for 5 of the World's Top 12 Banks 🏛️
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What We’re Showing
The world’s 12 largest banks by assets, based on a 2023 report from S&P Global Market Intelligence. This data represents each bank’s total assets for the most recent period available.
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 $19.8T.
There is also an overall trend of Asia-Pacific banks climbing the rankings. The region's representation has climbed to 43 banks in the top 100, up from 41 in 2022.
Dataset
Rank | Bank | Headquarters | Total Assets |
---|---|---|---|
1 | Industrial and Commercial Bank of China | China | 5742.86 |
2 | China Construction Bank Corp | China | 5016.81 |
3 | Agricultural Bank of China | China | 4919.03 |
4 | Bank of China | China | 4192.12 |
5 | JPMorgan Chase & Co. | US | 3665.74 |
6 | Bank of America | US | 3051.38 |
7 | Mitsubishi UFJ Financial Group | Japan | 2967.91 |
8 | HSBC Holdings | UK | 2864.59 |
9 | BNP Paribas | France | 2849.61 |
10 | Credit Agricole Group | France | 2542.61 |
11 | Citigroup | US | 2416.68 |
12 | Postal Savings Bank of China | China | 2039.56 |
13 | Sumitomo Mitsui Financial Group | Japan | 2006.75 |
14 | Mizuho Financial Group | Japan | 1909.35 |
15 | Bank of Communications | China | 1883.72 |
Data sources
Methodology: Company assets were adjusted on a best-effort basis for pending mergers, acquisitions and divestitures, as well as M&A deals that closed after the end of the reporting period through March 31. Assets reported by non-US dollar filers were converted to dollars using period-end exchange rates. Total assets were taken on an “as-reported” basis, and no adjustments were made to account for differing accounting standards. The majority of the banks were ranked by total assets as of Dec. 31, 2022. In the previous ranking published April 12, 2022, most company assets were as of Dec. 31, 2021, and were adjusted for pending and completed M&A as of March 31, 2022.