The world's 10 biggest banks

Big banks
By Eleanor O'Neill, CA Today

27 April 2017

Asian banks continue to take prime positions in the latest S&P Global Market Intelligence global rankings.

China's largest banks occupy the top four positions on the table with a combined total asset value of $11.91 trillion at the end of 2016. Japanese conglomerate Mitsubishi UFJ Financial placed fifth.

European currencies have taken a dip in the wake of political developments, with a knock on effect for banks trading in the pound and euro.

The report stated: "Brexit was not kind to European currencies in 2016 - the euro bought $1.055 at the end of 2016, compared to $1.086 a year earlier, while the British pound fell to $1.235 from $1.474 over the same period.

"The drop in the pound alone knocked $289.53 billion off of the asset value for London-based Barclays Plc, which fell two spots in the ranking to No. 17 with $1.496 trillion in assets; the bank's assets would have been $1.785 trillion if converted to U.S. dollars using the year-end 2015 exchange rate."

HSBC ranked as the largest bank in the UK and Europe, sitting in seventh place.


The top 10 global banks by asset value


1. Industrial & Commercial Bank of China

Industrial & Commercial Bank of China

Image credit: Cineberg / Shutterstock.com

Location: China

Total assets: $3.47 trillion (£2.70 trillion)

2. China Construction Bank

China Construction Bank

Image credit: pcruciatti / Shutterstock.com

Location: China

Total assets: $3.02 trillion (£2.35 trillion)

3. Agricultural Bank of China

Agricultural Bank of China

Image credit: Pavel L Photo and Video / Shutterstock.com

Location: China

Total assets: $2.82 trillion (£2.19 trillion)

4. Bank of China

Bank of China

Image credit: TK Kurikawa / Shutterstock.com

Location: China

Total assets: $2.60 trillion (£2.02 trillion)

5. Mitsubishi UFJ Financial

Mitsubishi UFJ Financial

Image credit: TK Kurikawa / Shutterstock.com

Location: Japan

Total assets: $2.59 trillion (£2.01 trillion)

6. JPMorgan Chase

JP Morgan Chase

Image credit: Felix Lipov / Shutterstock.com

Location: USA

Total assets: $2.49 trillion (£1.94 trillion)

7. HSBC

HSBC

Image credit: David Franklin / Shutterstock.com

Location: UK

Total assets: $2.37 trillion (£1.84 trillion)

8. BNP Paribas

BNP Paribas

Image credit: Savvapanf Photo / Shutterstock.com

Location: France

Total assets: $2.19 trillion (£1.70 trillion)

9. Bank of America

Bank of America

Image credit: hans engbers / Shutterstock.com

Location: USA

Total assets: $2.19 trillion (£1.70 trillion)

10. Wells Fargo

Wells Fargo

Image credit: Roman Tiraspolsky / Shutterstock.com

Location: USA

Total assets: $1.93 trillion (£1.50 trillion)

(Source: S&P Global Market Intelligence)


All currency conversions correct at time of writing.

Topics

  • Financial Services
  • Business
  • Europe
  • North America
  • Asia

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