The largest bank in the world
Banks play an important role in our lives. The Bank is a financial institution that accepts deposits from the public and collects application deposits while providing loans. By 2022, China will also have the 4th largest bank in the world in terms of total assets. Here we have compiled a list of the Top 10 largest banks in the world in 2022. Let's take a look!
01. Industrial and Commercial Bank of China - $ 4.6 trillion
(ICBC) is China's largest multinational banking company. Its total assets are $ 4.6 billion. By 2022, it will be the largest bank in the world in terms of total assets.
In addition, ICBC, a state-owned commercial bank, was established on 1 January 1984 as a limited liability company. Also with the capital provided by the Chinese Ministry of Finance, the bank's Tier 1 capital in 2013 was the largest of thousands of global banks, the first bank in China to achieve this, differing in modern history. In addition, ICBC ranked number one on Banker's Top 1000 World Banks each year from 2012 to 2022, and in 2019, it also ranked for the first time on the Forbes Global 2000 list of the world's most publicly traded companies. The bank is also considered a bank that is the basic system for the Financial Stability Board.
Registered office: Beijing, China
Market capitalization: $ 246.5 billion
Total assets: $ 4.614 billion
02. China Construction Bank - $ 4.3 trillion
(CCB) is one of the four largest banks in the People's Republic of China. In 2015, CCB was the second-largest bank in the world by market capitalization and the sixth-largest company in the world. The bank has about 13,629 local branches.
In addition, it maintains foreign branches in Barcelona, Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York, Seoul, Singapore, Tokyo, Melbourne, Kuala Lumpur, Santiago, Chile, Sydney, and Auckland. and a wholly-owned subsidiary in London. . The Financial Stability Board also considers it a systematically important bank, with total assets of $ 1.35 trillion in 2009. CCB is located in Beijing's Xicheng district, making it the second largest. World Bank 2022 in total assets.
Registered office: Beijing, China
Market capitalization: $ 257.3 billion
Total assets: $ 4.354 billion
03. Agricultural Bank of China - $ 4.2 trillion
Agricultural Bank of China (ABC) is one of the 4 largest banks in the People's Republic of China. By 2022, it will be the third-largest bank in the 10 largest banks in the world with total assets of $ 4.214 billion. ABC was founded on July 10, 1951, and is headquartered in Dongcheng District, Beijing. It has branches in mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore.
In addition, ABC has 320 million retail customers, 2.7 million corporate customers, and approximately 24,000 branches. China is the third-largest lender in terms of assets. ABC entered the stock market in mid-2010, with the largest initial public offering (IPO) in the world at the time, over Saudi Aramco. In 2011, it ranked eighth in the world's top 1,000 banks. Since 2015, it has been third on the 13th annual Forbes Global 2000 list, and by 2022 it was third. The Financial Stability Board considers it a systemically important bank.
Registered office: Beijing, China
Market capitalization: $ 203.2 billion
Total assets: $ 4.214 billion
04. Bank of China - $ 4 trillion
Bank of China (BOC) is the fourth largest of the four commercial banks in the country in China. It is also the fourth largest bank in the world in terms of total assets. Total assets are $ 4.073 billion and market capitalization is $ 181.4 billion.
In addition, the Bank of China is legally separate from its Bank of China (Hong Kong) subsidiary, although they maintain close management and administrative relationships and cooperate in many areas, including the sale of services, insurance, and BOCs. Its headquarters are located in the Xicheng district of Beijing.
The Bank of China was founded in 1912 by the Republican government to replace the Grand Bank. It is also the second oldest bank in mainland China that still exists (after the Bank of Communications, founded in 1908). From its inception until 1942, it issued banknotes to the government with the then "Big Four" banks - Farmers' Bank of China, Bank of Communications, and Central Bank of China.
Registered office: Beijing and Shanghai, China
Market capitalization: $ 181.4 billion
Total assets: $ 4.073 billion
05. JPMorgan Chase - $ 3.6 trillion
JPMorgan Chase is a US multinational investment bank and financial services holding company. Headquartered in New York City. JPMorgan Chase is located in Delaware. Since October 2022, JPMorgan Chase has been the largest bank in the United States and the fifth-largest bank in the world in terms of total assets, with net assets of $ 3.684 billion.
In addition, it is one of the four largest US banks along with Bank of America, Citigroup, and Wells Fargo. By 2022, JPMorgan will be the largest lender to the fossil fuel industry in the world. JPMorgan Chase is considered a universal bank and deposit bank. In addition, the JPMorgan brand is used in investment banking, asset management, private banking, private equity, and treasury services.
In September 2022, JPMorgan Chase entered the British retail banking market by launching an application-based current account under the Chase brand. This is the company's first retail banking operation outside the United States.
Registered office: New York City, New York, U.S.A.
Market capitalization: $ 488.4 billion (1st place)
Total assets: $ 3.684 billion
06. Mitsubishi UFJ Financial Group - $ 3.1 trillion
Mitsubishi UFJ Financial Group is the largest banking holding and financial services company in Japan. With total assets of $ 3.1 trillion, it will be one of the 10 largest banks in the world by 2022. Its headquarters are located in Chioda, Tokyo, Japan.
MUFG was worth about $ 2.459 billion in 2016. Mitsubishi Corporation and Mitsubishi Heavy Industries are one of the "three big houses" of the Mitsubishi Group. In Audition, it was the largest Japanese financial group and the second-largest banking holding company in the world with $ 11 trillion (JPY 148 trillion) in March 2011. MUFG were also letters from Mitsubishi and United Financial in Japan.
Registered office: Yurakucho, Chiyoda, Tokyo, Japan
Market capitalization: $ 111.6 billion
Total assets: $ 3,100 billion
07. BNP Paribas - $ 3.0 trillion
BNP Paribas S.A. is the largest international banking group in France. It is the largest bank in Europe and the seventh-largest in the world by 2022 with total assets of $ 3.080 billion. In addition, BNP Paribas is headquartered on the Boulevard des Italiens in Paris, France, and has more than 202,500 employees. The bank operates in 72 countries on five continents.
BNP Paribas was established in 2000 by merging the Banque Nationale de Paris (BNP) and Paribas, although its corporate identity dates back to its founding as the French National Bank in 1848. In addition, it is one of the four major French international banks with Credit Agricole, Societe General of the BPCE Group. The group is also listed on the Paris Euronext market for the first time and is part of the Euro Stoxx 50 index, which is also listed in the French CAC 40 index.
Registered office: Boulevard des Italiens, Paris, France
Market capitalization: $ 93.3 billion
Total assets: $ 3.080 billion
08. HSBC - $ 2.9 trillion
HSBC Holdings plc is a British multinational investment bank. By 2022, it will be one of the 10 largest banks in the world, second only to Europe, with total assets of $ 2,984 trillion. Headquartered in London, United Kingdom. In addition, HSBC has British origins in Hong Kong and its current form was established in London for use by Hong Kong and Shanghai Banking Corporation. When the company owned a new group in 1991, the name was derived from the company's initials. Hong Kong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and were first formally established in 1866.
In addition, HSBC has approximately 3,900 branches and an estimated 38 million customers in 65 countries in Africa, Asia, Oceania, Europe, North America, and South America. Also in 2014, according to Forbes magazine, it was the sixth-largest public bank in the world. The Financial Stability Board considers it a systemically important bank.
Registered office: London, England, United Kingdom
Market capitalization: $ 219.2 billion
Total assets: $ 2.984 billion
09. Bank of America - $ 2.8 trillion
Bank of America Corporation is an American multinational investment bank and financial services holding company. The bank was founded in San Francisco and was acquired in 1998 by the Bank of Nations Charlotte and adopted its current form. By 2022, it will also be the second-largest banking institution in the United States after JP Morgan Chez and one of the 10 largest banks in the world. Bank of America's total assets are $ 2.8 trillion and its market capitalization is $ 379.2 billion. Headquartered in Sharlot, North Carolina.
In addition, Bank of America is one of the four major banking institutions in the United States. Also in direct competition with JP Morgan Chase, Citigroup, and Wells Fargo, all US banks account for about 10.73% of deposits. Its main financial services also revolve around commercial banking, money management, and investment banking. The bank employs more than 200,000 people.
Registered office: Charlotte, North Carolina, USA (Corporate) - New York, NY (investment banking)
Market capitalization: $ 279.2 billion
Total assets: $ 2.820 billion
10. Agricultural loan - $ 2.7 trillion
Credit Agricole Group is a French international banking group and the largest cooperative financial institution in the world. By 2022, it will be the third-largest in Europe and the second-largest in France, and one of the 10 largest banks in the world.
Headquarters: Montrouge, France
Market cap: $52.1 billion
Total assets: $2,278 billion