Four Chinese banks led the way on the list of the world’s top 10 banks by assets in 2022. The “Big Four” are Industrial & Commerical Bank of China, China Construction Bank Corporation, Agricultural Bank of China and Bank of China.
Overall, the success and wealth of the majority of the banks in the world can be attributed to how well their economy is doing as well as other factors.
Here’s the list of the world’s top 10 banks in a descending order:
Crédit Agricole Group
The tenth biggest bank in the world is Crédit Agricole Group, with total assets of nearly $2.13 trillion. Crédit Agricole Group is a French-owned bank and one of the largest companies in France. IT consisted of thirty-nine Crédit Agricole regional banks and a vast network of local banks.
Bank of America (BAC)
In the ninth place comes Bank of America, the second-biggest banking institution in America, with assets totaling $2.35 trillion dollars.
Founded in 1784, BAC primarily deals with commercial banking, wealth management and investment banking.
BNP Parabis
Next on the list is BNP Parabis, which was established in 2000 following a merger between Banque Nationale de Paris (BNP) and Paribas, with total assets of $2.33 trillion.
Headquartered in Paris, France, BNP Parabis employs over 190,000 people.
HSBC Holdings PLC
HSCB Holdings PLC, a British multinational investment bank and financial holdings company, is the world’s seventh largest bank by assets worth $2.55 trillion.
Headquartered in London, te bank has more than one thousand locations and 80 offices in the UK, and 460 throughout the United States.
It serves four million customers worldwide, and offers private banking, corporate finance and retail and commercial banking to its customers. The bank employs more than 235,000 people.
JP Morgan Chase
JPMorgan Chase & Co is the biggest bank in America and the sixth-largest in the world with total assets of $2.62 billion.
It provides products to its clients in over 100 countries. JP Morgan Chase is involved with asset management, investment services, wealth management and securities.
Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group ranks in the fifth place with total assets of $2.81 trillion.
It is Japan’s largest bank holding financial group.
The bank was created in 2005 after a merger between two of Japans Largest banks, the Mitsubishi Tokyo Financial Group and UFJ holdings.
Its head office is located in Osaka city. Mitsubishi UFJ Financial Group employs over 106,000 people.
Bank of China
Bank of China is the first of the “Big Four” among the world’s top 10 banks by assets.
It was founded in 1912 and is now considered to be the oldest bank in mainland China. The bank has total assets of nearly $3 trillion.
It is headquartered in Bejing, China and employs approximately 310,000 people, with offices in over 20 countries.
Agricultural Bank of China (Agbank)
The next Asian bank on the list which comes in the third place among the world’s biggest bank by assets is Agbank with total assets of $3.2 million.
Founded in 1951, Agbank has branches in Seoul, Tokyo, Singapore, Sydney, New York, London and many more in the world biggest cities.
It is headquartered in Beijing, and employs over 444,000 people.
China Construction Bank (CCB)
It is the second-biggest bank in the world with assets worth $3.3 trillion.
CCB approximately 13,629 domestic branches and has overseas branches in Frankfurt, Barcelona, Luxembourg, Hong Kong, New York, Seoul and several other major cities.
Headquartered in Beijing; CCB employs over 333,000 people and offers both corporate banking and personal banking.
Industrial & Commercial Bank of China
The world’s biggest bank is Industrial & Commerical Bank of China, with total assets of $4.2 trillion. It was founded in 1984.
It is headquartered in the Chinese capital and employs 460,000 people across branches in Asia, Europe, America and Oceania.
Source: Wealthy Gorilla
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