# List of largest banks

The following are lists of the largest commercial banks in the world, as measured by total assets and market capitalization.

## By total assets

This list is based on the April 2024 S&P Global Market Intelligence report of the 100 largest banks in the world. The ranking was based upon assets as reported and was not adjusted for different accounting treatments. Another publication which compiles an annual list of the world's largest banks is The Banker magazine. It publishes a list of the World 1000 Largest Banks every July. The financial data published by the July yearly issue of The Banker are much more extensive compared to the S&P Top 100 banks, but it is not a publication intended for the general public.
Accounting treatment affects the assets reported: for example, the United States uses US GAAP (as opposed to IFRS), which only reports the net derivative position in most cases, leading to US banks having fewer derivative assets than comparable non-US banks. When adjusted for this netting, JPMorgan Chase would have US$ 4,359.78 billion in total assets, rather than US$3,875.39 billion.
| Rank | Bank name | Total assets (2023) (US$ billion) |
| 1 | Industrial and Commercial Bank of China | 6,303.44 |
| 2 | Agricultural Bank of China | 5,623.12 |
| 3 | China Construction Bank | 5,400.28 |
| 4 | Bank of China | 4,578.28 |
| 5 | JPMorgan Chase | 3,875.39 |
| 6 | Bank of America | 3,180.15 |
| 7 | HSBC | 2,919.84 |
| 8 | BNP Paribas | 2,867.44 |
| 9 | Mitsubishi UFJ Financial Group | 2,816.77 |
| 10 | Crédit Agricole | 2,736.95 |
| 11 | Postal Savings Bank of China | 2,217.86 |
| 12 | Citigroup | 2,200.83 |
| 13 | SMBC Group | 2,027.34 |
| 14 | Banco Santander | 1,986.36 |
| 15 | Bank of Communications | 1,982.89 |
| 16 | Wells Fargo | 1,932.47 |
| 17 | Mizuho Financial Group | 1,923.56 |
| 18 | Barclays | 1,891.72 |
| 19 | Société Générale | 1,717.49 |
| 20 | UBS | 1,717.25 |
| 21 | Groupe BPCE | 1,706.80 |
| 22 | Goldman Sachs | 1,641.59 |
| 23 | Japan Post Bank | 1,625.60 |
| 24 | Royal Bank of Canada | 1,566.41 |
| 25 | China Merchants Bank | 1,555.30 |
| 26 | Deutsche Bank | 1,450.57 |
| 27 | Industrial Bank (China) | 1,432.59 |
| 28 | Toronto-Dominion Bank | 1,428.29 |
| 29 | China CITIC Bank | 1,276.63 |
| 30 | Crédit Mutuel | 1,262.95 |
| 31 | Shanghai Pudong Development Bank | 1,207.18 |
| 32 | Morgan Stanley | 1,193.69 |
| 33 | Lloyds Banking Group | 1,122.76 |
| 34 | China Minsheng Bank | 1,082.37 |
| 35 | ING Group | 1,078.35 |
| 36 | Intesa Sanpaolo | 1,066.74 |
| 37 | Scotiabank | 1,041.11 |
| 38 | Bank of Montreal | 990.19 |
| 39 | China Everbright Bank | 955.14 |
| 40 | NatWest Group | 882.30 |
| 41 | UniCredit | 872.90 |
| 42 | Commonwealth Bank | 868.74 |
| 43 | Banco Bilbao Vizcaya Argentaria | 857.25 |
| 44 | Standard Chartered | 822.84 |
| 45 | La Banque postale | 815.91 |
| 46 | Ping An Bank | 787.93 |
| 47 | State Bank of India | 780.05 |
| 48 | ANZ Group | 769.59 |
| 49 | Canadian Imperial Bank of Commerce | 726.27 |
| 50 | DZ Bank | 712.49 |
| 51 | Norinchukin Bank | 702.03 |
| 52 | National Australia Bank | 683.41 |
| 53 | Rabobank | 678.45 |
| 54 | CaixaBank | 671.13 |
| 55 | Westpac | 664.50 |
| 56 | U.S. Bancorp | 663.49 |
| 57 | Nordea | 662.71 |
| 58 | Capital One | 629.99 |
| 59 | Sberbank of Russia | 581.88 |
| 60 | Commerzbank | 571.64 |
| 61 | Huaxia Bank | 562.58 |
| 62 | PNC Financial Services | 561.58 |
| 63 | DBS Group | 560.10 |
| 64 | Itaú Unibanco | 555.72 |
| 65 | KB Financial Group | 551.94 |
| 66 | Danske Bank | 542.81 |
| 67 | Truist Financial Corp | 535.35 |
| 68 | Shinhan Financial Group | 533.48 |
| 69 | Resona Holdings | 527.53 |
| 70 | Sumitomo Mitsui Trust Holdings | 520.34 |
| 71 | Bank of Beijing | 503.31 |
| 72 | China Guangfa Bank | 495.55 |
| 73 | Charles Schwab Corporation | 493.18 |
| 74 | HDFC Bank | 464.34 |
| 75 | Bank of Jiangsu | 457.25 |
| 76 | Hana Financial Group | 456.47 |
| 77 | Banco do Brasil | 447.72 |
| 78 | Nationwide Building Society | 446.95 |
| 79 | China Zheshang Bank | 443.37 |
| 80 | Oversea-Chinese Banking Corporation | 441.53 |
| 81 | Bank of Shanghai | 435.14 |
| 82 | ABN AMRO | 417.72 |
| 83 | BNY | 409.88 |
| 84 | United Overseas Bank | 396.62 |
| 85 | Banco Bradesco | 394.76 |
| 86 | Nonghyup Bank | 394.46 |
| 87 | Nomura Holdings | 388.42 |
| 88 | Woori Financial Group | 384.04 |
| 89 | KBC Group | 383.47 |
| 90 | Caixa Econômica Federal | 377.29 |
| 91 | Erste Group | 372.67 |
| 92 | Landesbank Baden-Württemberg | 368.41 |
| 93 | Bank of Ningbo | 365.96 |
| 94 | SEB Group | 358.79 |
| 95 | Raiffeisen Group | 352.87 |
| 96 | Handelsbanken | 351.79 |
| 97 | Industrial Bank of Korea | 345.81 |
| 98 | DNB | 339.21 |
| 99 | Qatar National Bank | 338.14 |
| 100 | VTB Bank | 326.85 |

### Banks by country or territory

Number of banks in the top 100 by total assets :
| Rank | Country | Number |
| 1 | China | 20 |
| 2 | United States | 12 |
| 3 | Japan | 8 |
| 4 | France | 6 |
| 4 | South Korea | 6 |
| 4 | United Kingdom | 6 |
| 7 | Canada | 5 |
| 8 | Australia | 4 |
| 8 | Brazil | 4 |
| 8 | Germany | 4 |
| 11 | Netherlands | 3 |
| 11 | Singapore | 3 |
| 11 | Spain | 3 |
| 14 | India | 2 |
| 14 | Italy | 2 |
| 14 | Russia | 2 |
| 14 | Sweden | 2 |
| 14 | Switzerland | 2 |
| 19 | Austria | 1 |
| 19 | Belgium | 1 |
| 19 | Denmark | 1 |
| 19 | Finland | 1 |
| 19 | Norway | 1 |
| 19 | Qatar | 1 |

## By market capitalization

Many of the largest banks in the world are part of larger bank holding companies. This structure allows them to offer various financial services, making them more resilient and competitive in the global market. GlobalData and Forbes India maintain their own lists of the top ten largest banks in the world ranked by their market capitalization.
| Bank name | GlobalData (as of 30 September 2024) | GlobalData (as of 30 September 2024) | Forbes India (as of 4 October 2024) | Forbes India (as of 4 October 2024) |
| Bank name | Rank | Market cap (US$ billion) | Rank | Market cap (US$ billion) |
| JPMorgan Chase | 1 | 599.931 | 1 | 583.91 |
| Bank of America | 2 | 307.900 | 2 | 304.56 |
| Industrial and Commercial Bank of China | 3 | 303.543 | 3 | 288.06 |
| Agricultural Bank of China | 4 | 232.836 | 4 | 231.00 |
| Bank of China | 5 | 209.295 | 6 | 187.79 |
| China Construction Bank | 6 | 192.715 | 5 | 197.15 |
| Wells Fargo | 7 | 192.279 | 7 | 187.13 |
| HSBC | 8 | 163.544 | 10 | 159.35 |
| Commonwealth Bank | 9 | 156.639 | | |
| Goldman Sachs | 10 | 156.356 | | |
| Royal Bank of Canada | | | 8 | 173.86 |
| Morgan Stanley | | | 9 | 169.17 |