Top 10 Biggest Banks In the World -2022

They are banks that provide financial services offering various products and services, such as managing loans, deposits to wealth management, exchange and even investment banking. Customers of these banks are individuals, companies and a myriad of other types of institutional customers. The definition of the term commercial bank has changed drastically over the past few years. Nowadays, banks provide services to their existing customers including individual customers as well as small and large businesses by providing the ability to offer checking and savings accounts and certificates of deposit loans, and other similar services. They also operate in the capacity of bank investment that work with institutional and corporate clients by offering underwriting of stock offerings, brokerage services, and M&A advisory.Below we’ll take some time to look at the 10 largest banks, according to trailing twelve-month revenue. This list is restricted to firms that are traded publicly across Canada or the U.S. or Canada, whether directly or via ADRs. Some companies that are not in within the U.S. report profits semi-annually instead of quarterly. Therefore, the 12-month trailing figures may be more recent than for companies that have quarterly reports.

Top 10 Biggest Banks In the World

The wealth and success of the majority of banks around the world are due to the way their economies are performing along with other aspects. It’s not surprising to find”the “Big Four” occupying the top spots and their economies continue to grow year-on-year thanks to the expansion of export markets and trade increasing!

If you’re not sure about banking, and would like to learn more about which the biggest banks in the world are, here’s a list of the top 10 banks in the world. They are classified and ranked according to the order of their assets.

1. Industrial and Commercial Bank of China

The biggest bank worldwide in terms of assets under administration (AUM) is Industrial and Commercial Bank Of China Ltd. It is the biggest institution within China and the largest in the Chinese's "Big Four". The bank offers credit cards and loans, as well as financing for companies, as well as money management services to companies as well as individuals with high net worth. Although it is an commercial bank, it's government-owned.

In terms of total employees, customers, assets in terms of deposits and loans ICBC is often known, dominates the other largest banks around the globe. The bank owned by the state was established in the year 1984, as a private corporation and has since grown to become the largest public entity worldwide due to the sheer amount of assets. It is headquartered located in Beijing, China, and employs more than 460,000 workers across its branches across Asia, Europe, America and Oceania. The government-owned 70% company is ranked as the top all-around within "The BankersTop 1000 World Banks ranking "and first on the Forbes Global 2000of the biggest public companies worldwide.

  • Headquartered in Beijing, China
  • Employs 460,000
  • Revenue (TTM): $123.6B
  • Net Income (TTM): $45.3B
  • Market Cap: $231.8B
  • 1-Year Trailing Total Return: -6.9%
  • Exchange: OTC
Top 10 Biggest Banks In the World - Industrial and Commercial Bank of China

2. China Construction Bank Corporation

The second-largest bank in China is also the second-largest worldwide. It is the China Construction Bank Corporation. One of the oldest banking institutions operating located in China, CCB was founded in the year 1954. The year 2005 was the time when Bank of America wanted to expand its business to China. Therefore, it bought 9 percent of CCB. It didn't go so well, however. It was also the reason that BOA had to sell the majority of their stake due to the US financial crisis. The year 2013 saw Bank of America sold its remaining stake within CCB and has concentrated its Asian operations on Hong Kong.

It's the second "Big Four" we've listed, CCB, as it's frequently abbreviated, has around 13,629 branches in the United States and also has branches overseas located in Frankfurt, Barcelona, Luxembourg, Hong Kong, New York, Seoul and several other cities. Its headquarters are within the Xicheng district of Beijing; CCB employs over 333,000 people . It offers personal and corporate banking. Some examples of what they can offer for personal use include credit cards and personal loans, as well as deposits , and wealth management. The commercial side provides credit, corporate electronic banking commercial loans along with credit line.

  • Headquartered in Beijing, China
  • Employs 330,000
  • Revenue (TTM): $102.2B
  • Net Income (TTM): $38.7B
  • Market Cap: $196.6B
  • 1-Year Trailing Total Return: -3.7%
  • Exchange: OTC

Top 10 Biggest Banks In the World - China Construction Bank Corporation

3. Agricultural Bank of China

Agricultural Bank of China is a state-owned bank that provides not only corporate and personal bank services but also provides a unique set of agricultural-related products like small farms and larger wholesale companies for agriculture.

The second among the "Big Four" banks from China, AgBank, as it's known is the third largest banks in the globe, and one of the top ten businesses on earth. Established in 1951, Agbank is a bank with branches located in Seoul, Tokyo, Singapore, Sydney, New York, London and many more in the largest cities of the world. Based in Beijing the company employs more than 444,000 employees and is owned exclusively by the government. It has 320 million customers who are retail in addition to 2.7 million corporate customers around the world. They are cared for by one of the 24,000 branch offices. In 2010 AgBank was listed on the stock exchange, making the largest ever IPO to date. However, it was later surpassed by Alibaba.

  • Headquartered in Beijing, China
  • Employs 444,000
  • Revenue (TTM): $89.7B
  • Net Income (TTM): $30.9B
  • Market Cap: $131.5B
  • 1-Year Trailing Total Return: -14.1%
  • Exchange: OTC

Top 10 Biggest Banks In the World - Agricultural Bank of China

4. Bank of China

Bank Of China focuses primarily on banking for commercial purposes including withdrawals and deposits and foreign exchange. It is also authorized to issue banknotes in Hong Kong and Macau.

In addition to being the first among the "Big Four" will be the Bank of China, it's known is the third largest banks in the globe . It is among the four largest commercial banks that are owned by the state of China and was established on 1912 under the direction of the state-run government and is considered to be one of the oldest banks on mainland China. Its headquarters are located in Bejing, China and employs about 310,000 people. It has offices across more than twenty countries. The bank provides investment banking investment banking, insurance and investing including personal credit cards, loans mortgages, managing liability and asset management.

  • Headquartered in Beijing China
  • Employs 310,000
  • Revenue (TTM): $79.4B
  • Net Income (TTM): $27.2B
  • Market Cap: $109.1B
  • 1-Year Trailing Total Return: -12.7%
  • Exchange: OTC

Top 10 Biggest Banks In the World

5. Mitsubishi UFJ Financial Group

Mitsubishi is Japan's most important group of financial services/bank holding. It is among the major companies of the Mitsubishi Corporation and offers its customers a range of services , including commercial banking and trust banking, asset management along with international financing. The bank was established in 2005 following the merger of two of Japans largest banks The Mitsubishi Tokyo Financial Group and UFJ holdings. It is headquartered in Osaka city, which employs more than 106,000 employees.

  • Headquartered in Tokyo, Japan
  • Employs 106,000

Top 10 Biggest Banks In the World - Mitsubishi UFJ Financial Group

6. JPMorgan Chase & Co

One of two "too large to fail" banks, alongside Bank of America, J.P. Morgan Chase is the sixth-largest bank worldwide. The bank offers products and services for its customers in more than 100 countries. offering investment banking, asset management private banking, securities and treasury services, as well as commercial bank. J.P. Morgan Chase is listed in the NYSE under the ticker symbol JPM. From all of the institutions listed on this list Chase comes in second most recent, having only started operations in the year 2000.

J.P. Morgan Chase is the largest banks in the world, Financial Services Holding Company and international investment bank. JPMorgan Chase & Co is the largest banking institution within America and the sixth largest in the world. They offer products to their clients across more than 100 different countries. They work in asset management, wealth management, investment services and securities. JPMorgan Chase & Co was the result of many large banks combining in 2000. It is one of the most expensive businesses around the globe. The headquarters are located with its headquarters in Manhattan, New York City, JPMorgan Chase & Co is one of the biggest investment firms around the globe. For credit card and retail purposes The bank is operating with the brand name "Chase".

  • Headquartered in New York City, New York
  • Employs 245,000
  • Revenue (TTM): $114.6B
  • Net Income (TTM): $36.4B
  • Market Cap: $280.1B
  • 1-Year Trailing Total Return: -5.8%
  • Exchange: New York Stock Exchange

Top 10 Biggest Banks In the World - JPMorgan Chase & Co

largest banks in the world

7. HSBC Holdings PLC

HSCB Holdings PLC is a British multinational investment bank as well as a financial holdings firm. In the year the year 2018, it was believed to be the seventh largest bank in the world , and the biggest in Europe. The bank is present in more than one thousand branches and eighty branches in the UK as well as four hundred and sixty across all of the United States. With over 4 million customers across the globe, HSBC offers private banking as well as corporate finance, commercial and retail banking services at its customer.

HSBC Bank has more than more than 460 branches in all of the United States, with the majority (380) located in New York State. HSBC provides its customers access to markets around the world by offering personal services for financial, private banking commercial banking, retail banking, as well as markets and global banking. HSBC was first established by the government of British Hong Kong in 1865.

  • Headquartered in London, UK
  • Employs 235,000

Top 10 Biggest Banks In the World - HSBC Holdings PLC

8. BNP Paribas

The list includes BNP Parabis, which is an French international bank group. It's currently the eighth-largest bank by the totality of assets. It can be located in seventy-seven countries. The bank was created through a merger that took place in 2000 in 2000, between Banque Nationale de Paris (BNP) and Paribas. Its beginnings go to 1848 when the bank's first establishment was in 1848. The company's headquarters are at Paris, France, BNP Parabis employs more than 190,000 employees and earns the bulk of its revenue annually through daily customer accounts.

This French bank is eighth place in the world. BNP is among the biggest global banking networks that operates across 77 countries. BNP has four retail banking markets that are located within France, Italy, Belgium and Luxembourg. In April 2009 in the wake of BNP's acquisition of 75% from Fortis Bank, the Belgian bank became the biggest Eurozone deposit holders. BNP Paribas was founded all through 1848. Its primary source of income is retail banking. Three quarters or more of its revenues come from accounts of everyday customers.

  • Headquartered in Paris, France
  • Employs 190,000

Top 10 Biggest Banks In the World-BNP Paribas

9. Bank of America (BAC)

Bank of America is the biggest banking holding firm across the United States. It is a U.S. bank that offers services to individuals and companies of any size. Apart from checking and deposit accounts offered through their Consumer Banking branch, Bank of America offers a range of wealth and commercial solutions by way of its Global branches, as well.

It handles around 10.73 percent in overall American bank deposits. It also handles commercial banking along with wealth management, investment and banking. The company was founded in 1784, and is located with its headquarters in Charlotte City, North Carolina, Bank of America now serves customers all over the globe and through its 5,000 retail banking centers.

Bank of America is also one of the largest corporations within the United States, employing over 208,000 employees. The company is listed on New York Stock Exchange (NYSE) and is part of the S&P 500 Index and the Dow Jones Industrial Average. It was acquired in 2008 when it purchased Merrill Lynch, making it the largest wealth manager in the world.

  • Headquartered in Charlotte, North Carolina
  • Employs 208,000
  • Revenue (TTM): $91.2B
  • Net Income (TTM): $27.4B
  • Market Cap: $188.5B
  • 1-Year Trailing Total Return: -18.2%
  • Exchange New York Stock Exchange

Top 10 Biggest Banks In the World-Bank of America

10. Wells Fargo & Co.

Making it to the top 10 of financial institutions, Wells Fargo has labored through the past few years, albeit with a couple of scandals they'd prefer to forget. The bank is among the United States' largest retail banks. Established to 1852. Wells Fargo has close to 9,000 retail stores spread all over in the United States. They became my official bank when , in 2009 they bought Wachovia. In a flash my login changed and I was seeing lots of wagons!

Wells Fargo offers an array of financial services available to both corporate and private customers. The bank has been involved in a scandal involving fake accounts which harmed a greater portion of its customers on their own and being fined by U.S. government recently fining Wells Fargo $3 billion as part of the ongoing investigation.

  • Headquartered in San Francisco, California
  • Employs 270,000
  • Revenue (TTM): $82.0B
  • Net Income (TTM): $19.6B
  • Market Cap: $123.8B
  • 1-Year Trailing Total Return: -35.4%
  • Exchange: New York Stock Exchange

Top 10 Biggest Banks In the World-Wells Fargo & Co

We hope that you enjoyed our list of the top 10 most powerful banks around the world.

How do you feel about this? Do bigger ones always have a better chance of being superior to smaller ones?

This is a fascinating question and the answer may differ for each person, but typically speaking, the greater banks, the greater the capabilities and services it can offer.

This isn't the case for all banks that we have listed, but generally speaking, they provide a wide range of services and are able to help you in all your commercial and personal financial concerns.

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