Here is our annual ranking of the 100 largest banks in the world in terms of total assets. The world's four largest banks are located in China. Industrial & Commercial Bank of China, headquartered in Beijing, is the biggest bank in the world by assets, deposits, number of customers and employees. It is also ranks first based on tier 1 capital in the World's Top 1,000 Banks by The Banker. China Construction Bank and Agricultural Bank are the second and third largest banks in the world with assets of US$3.4 trillion and US$3.3 trillion, respectively. Mitsubishi UFJ Financial, a Japanese financial institution, is ranked in fifth place. The world’s top 10 banks hold around $29 trillion in total assets.
| Rank | Bank | Country | Total Assets, US$b (December 31, 2018) |
| 1 | ICBC | China | 4,027.38 |
| 2 | China Construction Bank | China | 3,376.47 |
| 3 | Agricultural Bank of China | China | 3,287.31 |
| 4 | Bank of China | China | 3,092.16 |
| 5 | Mitsubishi UFJ Financial Group | Japan | 2,784.23 |
| 6 | JPMorgan Chase & Co | USA | 2,622.53 |
| 7 | HSBC Holdings | UK | 2,548.86 |
| 8 | Bank of America | USA | 2,354.51 |
| 9 | China Development Bank | China | 2,352.47 |
| 10 | BNP Paribas | France | 2,334.31 |
| 11 | Credit Agricole Group | France | 2,121.48 |
| 12 | Citigroup Inc | USA | 1,917.29 |
| 13 | Japan Post Bank | Japan | 1,900.76 |
| 14 | Wells Fargo | USA | 1,895.88 |
| 15 | Sumitomo Mitsui Financial Group | Japan | 1,830.81 |
| 16 | Mizuho Financial Group | Japan | 1,827.49 |
| 17 | Banco Santander | Spain | 1,669.11 |
| 18 | Deutsche Bank | Germany | 1,541.84 |
| 19 | Societe Generale | France | 1,497.72 |
| 20 | Groupe BPCE | France | 1,457.12 |
| 21 | Barclays PLC | UK | 1,438.12 |
| 22 | Bank of Communications | China | 1,385.76 |
| 23 | Postal Savings Bank of China | China | 1,383.61 |
| 24 | ING Groep NV | Netherlands | 1,014.58 |
| 25 | Lloyds Banking Group | UK | 1,012.14 |
| 26 | Royal Bank of Canada | Canada | 1,001.34 |
| 27 | China Merchants Bank | China | 980.797 |
| 28 | Industrial Bank Co. Ltd | China | 975.893 |
| 29 | Credit Mutuel | France | 975.163 |
| 30 | Toronto-Dominion Bank | Canada | 969.309 |
| 31 | UBS Group AG | Switzerland | 959.627 |
| 32 | Norinchukin Bank | Japan | 955.977 |
| 33 | UniCredit S.p.A. | Italy | 951.034 |
| 34 | Goldman Sachs Group | USA | 933.000 |
| 35 | Shanghai Pudong Development Bank | China | 914.537 |
| 36 | Agricultural Development Bank of China ** | China | 904.359 |
| 37 | Intesa Sanpaolo | Italy | 901.314 |
| 38 | China CITIC Bank Corp | China | 882.113 |
| 39 | Royal Bank of Scotland Group | UK | 880.977 |
| 40 | China Minsheng Banking Corp | China | 871.645 |
| 41 | Morgan Stanley | USA | 853.531 |
| 42 | Credit Suisse Group | Switzerland | 780.919 |
| 43 | BBVA | Spain | 773.997 |
| 44 | Bank of Nova Scotia | Canada | 758.061 |
| 45 | Commonwealth Bank of Australia | Australia | 689.350 |
| 46 | Standard Chartered Plc | UK | 686.269 |
| 47 | Rabobank Group | Netherlands | 675.342 |
| 48 | Australia & New Zealand Banking * | Australia | 662.768 |
| 49 | European Investment Bank Group | Luxembourg | 637.424 |
| 50 | China Everbright Bank | China | 633.536 |
| 51 | Nordea | Finland | 621.911 |
| 52 | Westpac Banking Corp * | Australia | 618.915 |
| 53 | DZ Bank AG | Germany | 593.289 |
| 54 | Bank of Montreal | Canada | 591.182 |
| 55 | National Australia Bank * | Australia | 567.275 |
| 56 | KfW Group | Germany | 560.043 |
| 57 | Danske Bank | Denmark | 548.050 |
| 58 | State Bank of India | India | 537.336 |
| 59 | Resona Holdings | Japan | 534.377 |
| 60 | Export-Import Bank of China (Eximbank) ** | China | 529.326 |
| 61 | Commerzbank | Germany | 528.436 |
| 62 | Sumitomo Mitsui Trust Holdings | Japan | 517.240 |
| 63 | Ping An Bank | China | 497.047 |
| 64 | Cassa Depositi e Prestiti (CDP) | Italy | 486.210 |
| 65 | U.S. Bancorp | USA | 467.374 |
| 66 | Canadian Imperial Bank of Commerce | Canada | 450.495 |
| 67 | Sberbank Russia | Russia | 450.354 |
| 68 | CaixaBank | Spain | 442.218 |
| 69 | ABN AMRO Group NV | Netherlands | 436.125 |
| 70 | KB Financial Group | South Korea | 429.344 |
| 71 | Shinhan Financial Group | South Korea | 411.451 |
| 72 | Nomura Holdings | Japan | 408.877 |
| 73 | DBS Group Holdings | Singapore | 402.775 |
| 74 | Itau Unibanco Holding SA | Brazil | 399.907 |
| 75 | Hua Xia Bank | China | 389.805 |
| 76 | Shinkin Central Bank (SCB) | Japan | 386.807 |
| 77 | PNC Financial Services Group | USA | 382.315 |
| 78 | Bank of Beijing | China | 374.102 |
| 79 | NongHyup Financial Group | South Korea | 373.016 |
| 80 | Capital One Financial Corporation | USA | 372.538 |
| 81 | Banco do Brasil SA | Brazil | 364.886 |
| 82 | Bank of New York Mellon Corp | USA | 362.873 |
| 83 | Hana Financial Group | South Korea | 344.673 |
| 84 | China Guangfa Bank (CGB) | China | 343.257 |
| 85 | Oversea-Chinese Banking Corp (OCBC) | Singapore | 341.924 |
| 86 | Banco Bradesco SA | Brazil | 331.486 |
| 87 | Svenska Handelsbanken | Sweden | 331.422 |
| 88 | Caixa Economica Federal | Brazil | 325.502 |
| 89 | KBC Group NV | Belgium | 324.620 |
| 90 | Woori Financial Group | South Korea | 304.769 |
| 91 | Nationwide Building Society | UK | 302.446 |
| 92 | DnB ASA | Norway | 301.848 |
| 93 | Cathay Financial Holding | Taiwan | 301.207 |
| 94 | Charles Schwab Corp | USA | 296.500 |
| 95 | Bank of Shanghai | China | 294.862 |
| 96 | Skandinaviska Enskilda Banken | Sweden | 285.723 |
| 97 | United Overseas Bank (UOB) | Singapore | 283.820 |
| 98 | La Banque Postale | France | 280.461 |
| 99 | Bank of Jiangsu | China | 280.031 |
| 100 | Landesbank Baden-Wurttemberg (LBBW) | Germany | 275.656 |
| 101 | Erste Group Bank AG | Austria | 270.843 |
| 102 | Industrial Bank of Korea | South Korea | 259.179 |
| 103 | Banco Sabadell | Spain | 254.292 |
| 104 | Fubon Financial Holding | Taiwan | 251.931 |
| 105 | Bayerische Landesbank (BayernLB) | Germany | 251.865 |
| 106 | Swedbank | Sweden | 249.953 |
| 107 | State Street Corp | USA | 244.626 |
| 108 | China ZheShang Bank (CZBank) | China | 239.859 |
| 109 | Qatar National Bank | Qatar | 236.760 |
| 110 | Bankia | Spain | 234.734 |
Exchange rate on December 30, 2018
* Total assets as of September 30, 2018.
** Total assets as of December 31, 2017.
As of September 30, 2019, ICBC had total assets of US$4.3 trillion (CNY30.4 trillion).
Note: US banks use US GAAP accounting standard and have fewer derivative assets than non-US banks which use IFRS (International Financial Reporting Standards).
