Top 10 Leading Banks in the world and Their Net Worth

Leading Banks in the world: A wide range of goods and services are offered by banks, which are financial institutions. These include handling deposits, lending, wealth management, currency exchange, and investment banking.

Customers of these banks include private citizens, companies, and a wide range of institutional clientele. Over the past few decades, a commercial bank has seen a significant evolution in its definition.

leading banks now provide loans, certificates of deposit, savings and checking accounts, as well as other services, to their traditional clientele, which includes both individuals and big and small businesses.

Many of them also own companies that function as investment banks and engage with corporate and institutional clients by offering brokerage, underwriting stock offers, and M&A advising services.

The banking sector’s overall response to the epidemic has been amazing thus far. Going completely virtual in only a few weeks while utilizing a new operating paradigm wasn’t easy.

Despite a few snags, most financial operations went without a hitch. Banks were crucial in helping to stabilize the economy and distribute government stimulus and relief programs across Canada, the United Kingdom, Japan, the United States, and other European nations during the pandemic.

which is the number one leading bank in the world? The Industrial & Commercial Bank of China Ltd. a Chinese bank that is ranked first on our list of the top banks in the world has more than $5.54 trillion in total assets.

READ MORE: Top 5 banks in America You Can Easily Secure a Loan

Top 10 Leading Banks in the world and Their Net Worth

The table below lists the top banks in the financial sectors globally along with their total assets.

1. Industrial & Commercial Bank of China Ltd-$5.54 trillion

leading banks in the world

Headquarters: China
Founded:1 January 1984
Number of employees:434,798 (2022)
Market cap: $224 billion
Total assets: $5.54 trillion

According to total assets management (AUM), Industrial and Commercial Bank of China Ltd. is the biggest among the leading banks in the world.

This company offers business finance, credit cards, loans, and money management services for high-net-worth people and corporations, as well as financing for credit cards and loans. This bank is state-owned even though it is a commercial institution.

2. China Construction Bank Corporation-$4.76 trillion

Headquarters: China
Founded: 1 October 1954
Numbers of employees: 351,252
Market cap: $150 billion
Total assets: $4.76 trillion

The China Construction Bank Corporation, with approximately $4 trillion in total assets as of this writing, is the second-largest leading bank in the world.

China Construction Bank Corporation is one of the “big four” banks of the People’s Republic of China (top 10 banks in the world).
The bank has 13,629 domestic branches. The Financial Stability Board classifies it as a systemically important bank because its total assets in 2021 exceeded $4 trillion.

The Xicheng District of Beijing is home to its headquarters. Corporate banking services are offered by top financial institutions around the globe, including e-banking, credit lines, and business loans.

Through a different division, China Construction Bank also offers personal banking services, including credit cards, deposits, asset management, and personal loans.

3. Agricultural Bank of China Ltd-$4.58 trillion

leading banks in the world

Headquarters: China
Founded: 23 February 1979
Numbers of employees: 455,000
Market cap: $14o billion
Total assets: $4.58 trillion

One of the “Big Four” banks in the People’s Republic of China is the Agricultural Bank of China, which is ranked among the top 10 leading financial institutions in the world.

The organization’s headquarters are in Beijing’s Dongcheng District, where it was founded on July 10, 1951. Along with mainland China, it also maintains offices in Tokyo, New York, Frankfurt, Sydney, Seoul, Hong Kong, London, and Singapore.

With 24,000 sites, ABC has 320 million retail customers. Additionally, it has 2.7 million business clients. It is the third-largest lender in China by assets.

State-owned Agricultural Bank of China offers a variety of products for agricultural clients, including small farms and bigger agricultural wholesale businesses, in addition to personal and corporate banking services.

4. Bank of China Ltd-$4.21 trillion

Headquarters: China
Founded: 5 February 1912
Numbers of employees: 306,322
Market cap: $140 billion
Total assets: $4.21 trillion

The Bank of China is one of the four biggest state-owned commercial banks in China (the top 10 leading banks in the world). Although the Bank of China and its subsidiary Bank of China are legally independent, they work together in a number of areas, including the resale of BOC’s insurance and securities services, and have close ties in management and administration.

One of China’s oldest and most reputable financial institutions is the Bank of China. It was established in 1912 and still dominates the country’s banking sector.

The primary areas of concentration for the Bank of China include commercial banking operations including deposits and withdrawals as well as foreign exchange. The bank is also permitted to print money in Macau and Hong Kong.

5. JPMorgan Chase Bank NationalAssociatio-$4 trillion

Headquarters: United States
Founded: 1 September 1799
Numbers of employees: 250,355 (2022)
Market cap: $340.53 billion
Total assets: $4 trillion

JPMorgan Chase & Co. is an American worldwide investment bank and financial services holding company with its headquarters in New York City.

It is one of the top 10 leading banks in the world. JPMorgan Chase & Co. is the biggest bank in the US based on assets. The firm offers consumer banking, investment banking, commercial banking, and asset management services, which are used by people, companies, institutions, and governments all around the world.

This financial institution is a worldwide bank and financial services holding company that provides services such as consumer and business banking, asset management, wealth management, corporate financing, and investment banking.

JPMorgan Chase recently announced intentions to solicit up to $10 billion in funding from pension funds and other clients for alternative investments such as leveraged loans and particular kinds of real estate in response to COVID-19.

6. Mitsubishi UFJ Financial Group Inc-$3.18 trillion

leading banks in the world

Headquarters: Japan
Founded: 1 October 2005
Numbers of employees: 129,700
Market cap: $68 billion
Total assets: $3.18 trillion

Another Top best leading bank in the world is the Mitsubishi UFJ Financial Group Inc of Japan with a $3.1 trillion net worth and over 129,700 employees.

Mitsubishi UFJ Financial Group, Inc., a Japanese financial services and bank holding corporation with headquarters in Chiyoda, Tokyo, is one of the top 10 banks in the world.

One of the biggest banking groups in the world, MUFG has assets worth about $3.18 trillion (USD). It provides services in transaction banking, securities, wealth management, corporate and investment banking, commercial and consumer banking, and other fields.

7. Bank of America-$3.17 trillion

Headquarters: United States
Founded: 30 September 1998
Numbers of employees: 208,000
Market cap: $277.3 billion
Total assets: $3.17 trillion

The Bank of America Corporation, one of the top 10 leading banks in the world, is a U.S. global investment bank and financial services holding company with headquarters in Charlotte, North Carolina. In San Francisco, the bank was established in 1998 as a result of NationsBank’s purchase of BankAmerica.

It ranks as the seventh-largest best bank in the world and the second-largest in the United States. One of the Big Four financial institutions in the US is Bank of America.

BOA provides services for small and large businesses alike. In addition, to deposit and checking accounts through its Consumer Banking division, Bank of America also offers a range of business and wealth management services through its Global division.

When clients requested mortgage deferrals during the COVID-19 crisis, the corporation offered to take those requests into account. Customers complained that the bank’s deferral offers were deceptive.

8. HSBC Holdings plc-$2.95 trillion

Headquarters: United Kingdom
Founded: 3 March 1865
Numbers of employees: 226,059
Market cap: $120.4 billion
Total assets: $2.95 trillion

A multinational investment bank and financial services holding company with its headquarters in the UK is HSBC Holdings plc, one of the top 10 best leading banks in the world.

Its total assets amount to $2.984 trillion, making it the second-largest bank in Europe. In 65 nations and territories in Africa, Asia, Oceania, Europe, North America, and South America, HSBC has around 3,900 offices and 38 million clients.

Consumers have access to international markets thanks to HSBC’s financial services, private banking, retail banking, commercial banking, and global banking and market sectors.

9. BNP Paribas SA-$2.91 trillion

leading banks in the world

Headquarters: France
Founded: 1822
Numbers of employees: 189,765
Market cap: $61 billion
Total assets: $2.91 trillion

France-based BNP Paribas S.A., one of the top 10 largest leading banks in the world, provides financial services. is a global banking organization.

It is the biggest financial company in France, the biggest bank in Europe, and the seventh-largest bank in the world in terms of total assets. A multinational bank, BNP Paribas with operations across 72 nations and five continents.

The Group offers business and institutional clients specialized capital markets, securities services, finance, treasury, and financial consulting solutions. Global client support is provided by BNP Paribas, which is present in 68 countries, particularly through One Bank.

10. Credit Agricole SA-$2.67 trillion

Headquarters: France
Founded: 5 November 1894
Numbers of employees: 180,000
Market cap: $28.3 billion
Total assets: $2.67 trillion

With 48 countries covered, 180,000 employees, and 52 million clients worldwide, Crédit Agricole Group (one of the top 10 best leading banks in the world) is the principal financial sponsor of the French economy. In 1990, Crédit Agricole expanded to become a global, full-service banking organization.

Historically, the business served agricultural clients, but it currently works with a wide range of private and public clients.

Fortune said that the corporation had a 28% industry share, was the second-largest global revenue and profit generator, and ranked 10th globally in Forbes’ rankings. It is also the top bank in France.

Summary

Here is a summary list of the leading banks in the world and their net worth

1. Industrial & Commercial Bank of China Ltd-$5.54 trillion
2. China Construction Bank Corporation-$4.76 trillion
3. Agricultural Bank of China Ltd-$4.58 trillion
4. Bank of China Ltd-$4.21 trillion
5. JPMorgan Chase Bank NationalAssociatio-$3.74 trillion
6. Mitsubishi UFJ Financial Group Inc-$3.18 trillion
7. Bank of America National Association-$3.17 trillion
8. HSBC Holdings plc-$2.95 trillion
9. BNP Paribas SA-$2.91 trillion
10. Credit Agricole SA-$2.67 trillion

FAQ

Which are the top 10 leading banks in the world?

1. Industrial & Commercial Bank of China Ltd-$5.54 trillion
2. China Construction Bank Corporation-$4.76 trillion
3. Agricultural Bank of China Ltd-$4.58 trillion
4. Bank of China Ltd-$4.21 trillion
5. JPMorgan Chase Bank NationalAssociatio-$3.74 trillion
6. Mitsubishi UFJ Financial Group Inc-$3.18 trillion
7. Bank of America National Association-$3.17 trillion
8. HSBC Holdings plc-$2.95 trillion
9. BNP Paribas SA-$2.91 trillion
10. Credit Agricole SA-$2.67 trillion

Which is the no 1 bank in the world?

The Industrial & Commercial Bank of China Ltd. a Chinese bank that is ranked first on our list of the top banks in the world has more than $5.54 trillion in total assets.

What is the list of the top 10 central banks in the world?

1. Federal Reserve System
2.  Bank of Japan
3.  People’s Bank of China
4.  Deutsche Bundesbank
5.  Bank of France
6.  Bank of Italy
7.  Bank of England
8.  Bank of Spain
9.  Swiss National Bank
10. Reserve Bank of India

Which is the no 1 bank in United State?

With a balance sheet total of $2.87 trillion, New York City-based JPMorgan Chase & Co., one of the top 10 banks in the world, is the largest bank in the US. It is a holding company for an American global investment bank and financial services. It is the biggest bank in the US in terms of assets. To learn more about the top 10 leading banks in the world, read the complete article.

which are the Top 10 banking software companies in the world?

1. Temenos
2. Finastra
3. Oracle FLEXCUBE
4. EBANQ
5. BankWare
6. Mambu
7. CorePlus
8. FIS Profile
9. Avaloq
10. Cleartouch