Largest Banks in the World
Ad Disclosure: This article contains references to products from our partners. We may receive compensation if you apply or shop through links in our content. You help support CreditDonkey by using our links.
The world's ten largest banks are headquartered across Asia, Europe, and America. Which is the biggest bank in the world? And how do U.S. banks compare. Find the answers below.
![]() |
There are several ways to measure a bank's size. However, financial analysts most often use two categories: number of assets and a metric called "Tier 1 capital" to compare.
In the list below, we've also noted "Return on Assets," which refers to how well the bank generates profit from the assets it owns. This figure is calculated by dividing a bank's net operating profit after tax by its assets. The higher the percentage, the better return the bank generates.
Top 10 World's Largest Banks by Assets
![]() |
Largest Banks by Assets © CreditDonkey |
1 | Industrial & Commercial Bank of China | $4.03 trillion | China |
---|---|---|---|
2 | China Construction Bank Corp. | $3.38 trillion | China |
3 | Agricultural Bank of China | $3.29 trillion | China |
4 | Bank of China | $3.09 trillion | China |
5 | Mitsubishi UFJ Financial Group | $2.81 trillion | Japan |
6 | JPMorgan Chase & Co. | $2.62 trillion | United States |
7 | HSBC Holdings | $2.56 trillion | United Kingdom |
8 | Bank of America | $2.35 trillion | United States |
9 | BNP Paribas SA | $2.34 trillion | France |
10 | Crédit Agricole Group | $2.12 trillion | France |
Source: S&P Global Market Intelligence Report
- ICBC
Headquartered in Beijing, the state-owned Industrial & Commercial Bank of China was founded in 1984. It provides banking services to China and more than 40 other countries across six continents.The bank — ranked by Forbes as the world's largest public company — services commercial and individual clients.
Assets: $4.03 trillion
Return on Assets: 1.08% - China Construction Bank Corp.
Based in Beijing, China Construction Bank Corp provides corporate, commercial, and personal banking services. It is one of the "Big Four" Chinese state-owned state banks that operates in 29 countries and regions.As of 2019, China Construction Bank was the world's third-largest public company.
Assets: $3.38 trillion
Return on Assets: 1.1% - Agricultural Bank of China
Ranked as the fourth-largest company in the world, the Beijing-based Agricultural Bank of China is the third member of China's state-owned "Big Four" banks.With over 300 million retail customers, the bank services a range of international locations from Sydney to Seoul.
Assets: $3.29 trillion
Return on Assets: 0.9% - Bank of China
Bank of China, located in Beijing, is the oldest and most international of the Chinese "Big Four" banks.It offers insurance, pension, investment banking, and other services to personal, commercial, and corporate clients across six continents. According to Forbes, it is the eighth-largest public company in the world.
Assets: $3.09
Return on Assets: 0.9% - Mitsubishi UFJ Financial Group
Headquartered in Tokyo, Japan, Mitsubishi UFJ serves over 50 countries and regions around the world. As a retail, commercial, and corporate bank, Mitsubishi UFJ offers a wide range of products and services that include asset management and personal banking.Assets: $2.81 trillion
Return on Assets: 0.31% - JP Morgan Chase & Co
JP Morgan Chase, the first American bank on this list, has clients ranging from individuals to giant corporations in over 100 markets. A leader in investment and commercial banking, this New York City-based bank trades on the New York Stock Exchange. It is a member of the Dow Jones Industrial Average stock market index.Assets: $2.62 trillion
Return on Assets: 1.24% - HSBC Holdings
Based in London, UK, HSBC serves over 40 million customers across 65 countries through its four business pillars: retail banking and wealth management, commercial banking, global banking and markets, and global private banking.Employing over 230,000 people, HSBC trades on the New York, Bermuda, Hong Kong, London, and Paris stock exchanges.
Assets: $2.56 trillion
Return on Assets: 0.78% - Bank of America
As the world's eighth largest bank — and second-largest American bank — Bank of America keeps its headquarters in Charlotte, North Carolina. It serves consumer and small business clients in addition to the wealth management, corporate and investment banking, and trading services it provides to corporations and governments.With about 66 million clients in over 35 countries, Bank of America was ranked the fifth-largest company in the world by Forbes.
Assets: $2.35 trillion
Return on Assets: 1.2% - BNP Paribas SA
BNP Paribas is one of the leading banks in Europe. It has locations in over 72 countries, providing traditional lending and consumer banking as well as investment banking and savings and protection insurance.Through its subsidiary Bank of the West, BNP Paribas reaches over 2 million U.S. households.
Assets: $2.34 trillion
Return on Assets: 0.39% - Crédit Agricole Group S.A.
The French bank Crédit Agricole has 51 million customers across 47 different countries. A real estate investor, lender, and asset manager, Crédit Agricole serves multinational corporates as well as individuals through 11,000 branches worldwide.Assets: $2.12 trillion
Return on Assets: 0.4%
Top 10 World's Largest Banks by Tier 1 Capital
![]() |
© CreditDonkey |
Tier 1 capital refers to the core capital funds a bank uses to operate on a daily basis. It's mostly made up of shareholder's equity and retained earnings.
Here are the world's 10 largest banks ranked by tier 1 capital:
Rank | Bank Name | Country | $bn Tier 1 Capital |
---|---|---|---|
1 | ICBC | China | $337.54 |
2 | China Construction Bank | China | $287.46 |
3 | Agricultural Bank of China | China | $242.90 |
4 | Bank of China | China | $229.97 |
5 | JP Morgan Chase & Co | US | $209.09 |
6 | Bank of America | US | $189.04 |
7 | Wells Fargo & Co | US | $167.87 |
8 | Citigroup | US | $158.12 |
9 | HSBC Holdings | UK | $147.14 |
10 | Mitsubishi UFJ Financial Group | Japan | $146.74 |
Ten Largest Banks in the U.S.
![]() |
© CreditDonkey |
Rank | Bank Name | Total Assets |
---|---|---|
1 | JPMorgan Chase & Co. | $2.74 trillion |
2 | Bank of America Corp. | $2.38 trillion |
3 | Citigroup Inc. | $1.96 trillion |
4 | Wells Fargo & Co. | $1.89 trillion |
5 | Goldman Sachs Group Inc. | $925.35 billion |
6 | Morgan Stanley | $875.96 billion |
7 | U.S. Bancorp | $475.78 billion |
8 | PNC Financial Services Group Inc. | $392.84 billion |
9 | TD Group US Holdings LLC | $384.07 billion |
10 | Capital One Financial Corp. | $373.19 billion |
Source: S&P Market Global Intelligence Report
Checking Account Promotions
Citi Priority Account - Up to $1,500 Cash Bonus
- Earn up to $1,500 cash bonus when you open a new account with required activities
- Open a new eligible checking account in the Citi Priority Account during the offer period 1/5/22-7/17/22
- Within 20 days of opening, deposit $50,000 in New-To Citibank funds between the new checking and savings accounts
- Maintain a minimum balance of $50,000 in the checking account for an additional 60 consecutive calendar days from the 21st day
- After all required activities are met, the cash bonus will be deposited to your account within 90 calendar days
Chase Total Checking® - $200 Bonus
- New Chase checking customers enjoy a $200 bonus when you open a Chase Total Checking® account and set up direct deposit
- Access to 16,000 Chase ATMs and more than 4,700 branches
- Chase Mobile® app - Manage your accounts, deposit checks, transfer money and more -- all from your device.
- Open your account online now
- Available online nationwide except in Alaska, Hawaii and Puerto Rico. For branch locations, visit locator.chase.com.
- Chase Overdraft Assist℠: $0 overdraft fee when you overdraw your account $50 or less*
*We won't charge an overdraft fee if you are overdrawn $50 or less at the end of the business day. Chase may pay, for a $34 fee, overdraft transactions at our discretion based on your account history, deposits and transaction amount. If you've enrolled in Debit Card Coverage, everyday debit card purchases like groceries, may be approved at our discretion when you don't have enough money in your account.
Rewards Checking - Up to 1.25% APY
- $100 Promo with Code "Summer"
- Up to 1.25% APY
- Need to switch banks? Use ClickSWITCH to transfer direct deposit payments to Axos in 3 simple steps.
- Zero monthly maintenance fees
- Zero overdraft or NSF fees
- Zero minimum monthly balance reqs
- Unlimited domestic ATM fee reimbursements
- Zero Minimum Balance Requirement
TD Beyond Checking - $300 Cash Bonus
- Earn $300 when you receive direct deposits totaling $2,500 or more within 60 days
- Get more from your checking account. With TD Beyond Checking with Payback Plus, you'll earn interest and get reimbursed for non-TD ATM transactions, Rush Bill Payments and more.
- Monthly maintenance fee waived when you receive monthly direct deposits of $5,000 or more, or maintain a minimum daily balance of $2,500, or a combined balance of $25,000 across eligible TD accounts.
- TD fees waived at any ATM and non-TD fees reimbursed when you keep at least a $2,500 daily balance
- Overdraft Payback - Get overdraft fees automatically reversed up to two times a year.
- Get your money where it needs to go —fast— with Rush Bill Payments, Send Money with Zelle®, incoming wires and a reimbursement for one outgoing wire (domestic or international) per statement cycle.
- TD checking accounts come with an instant-issue debit card. And, you can pay with confidence with Zero Liability protection and 24/7 fraud monitoring.
- Monthly maintenance fee waived on one TD Simple Checking℠ account and any Savings and Money Market accounts. Plus, get free standard check orders, money orders, official bank checks and stop payments.
Aspiration Plus - Earn $200 Bonus
- Spend $1,000 Within First 60 Days and Receive $200
BMO Harris Premier™ Account - $500 Cash Bonus
Open a new BMO Harris Premier™ Account and get a $500 cash bonus when you have a total of at least $7,500 in qualifying direct deposits within the first 90 days of account opening. Offer is limited to one per customer and is not available for existing BMO Harris personal checking customers (including signers on joint accounts) or those who have closed a BMO Harris personal checking account within the past 12 months. Conditions apply.
Asterisk-Free Checking® - $150 Bonus
To qualify for the $150 cash bonus, you are required to open a new, qualifying Asterisk Free Checking®, Huntington 5 Checking®, or Huntington 25 Checking® account during the promotional period between June 1, 2022 and October 7, 2022 and make cumulative new money deposits into the checking account of at least $1,000 or more within 60 days of account opening. "New money" is defined as money that is not currently on deposit in any Huntington account (except maturing CDs). Account must maintain an open status for at least 90 days before it is eligible for the bonus payment.
Easy Checking - $400 Bonus
- Enroll in online banking or the U.S. Bank Mobile App.
- Complete two or more direct deposits totaling $4,000 to earn $400
Fifth Third Checking Account - $375 Bonus
Open an eligible Fifth Third Checking Account with qualifying activities. Have direct deposits totaling $500 or more within 90 days of account opening to qualify for bonus. The cash bonus will be deposited into your new checking account within 10 business days of completing qualifying activity requirements.
Compare Savings Accounts
Discover Online Savings - $200 Cash Bonus
To get your $150 or $200 Bonus: What to do: Apply for your first Discover Online Savings Account (online, by phone or Discover App). Enter Offer Code CY622 when applying. Deposit into your account a total of at least $15,000 to earn a $150 Bonus or deposit a total of at least $25,000 to earn a $200 Bonus. Deposit must be posted to account within 30 days of account open date. Maximum bonus eligibility is $200.
What to know: Offer not valid for existing or prior Discover savings customers or existing or prior customers with savings accounts that are co-branded, or affinity accounts provided by Discover. Eligibility is based on primary account owner. Account must be open when bonus is credited. Bonus will be credited to the account within 30 days of the account qualifying for the bonus. Bonus is interest and subject to reporting on Form 1099-INT. Offer ends 09/15/2022, 11:59 PM ET. Offer may be modified or withdrawn without notice. See advertiser website for full details.
CIT Bank Savings Connect - 1.35% APY
- Earn a competitive high yield savings rate with access and convenience features of an eChecking account.
- Earn 1.35% APY on Savings Connect and up to 0.25% APY on eChecking.
- Minimum of $100 for both the Savings Connect and eChecking to open ($200 total)
High Yield Savings - 1.58% APY
- 1.58% APY
- $100 minimum opening deposit
- No monthly service fees
High Yield Savings - Up to 0.61% APY
- 0.61% APY on balance < $25,000
- 0.25% APY on balance $25K-$100K
- 0.15% APY on balance > $100K
- No monthly maintenance fees
- No minimum balance requirements
- $250 minimum opening deposit
- Free incoming wires
- Zero minimum balance requirement
Aspiration Spend & Save - Earn $150 Bonus
- Spend $1,000 Within First 60 Days and Receive $150.
Betterment Cash Reserve - Earn 1.10% APY
- FDIC insurance covering up to $1,000,000 at program banks
- Access cash in 1-2 business days
- No minimum balance
- No fees on balance
- Unlimited withdrawals
Personal Capital Cash
- 0.65% APY (0.75% for Personal Capital advisory clients)
- $0 monthly fee
- Withdraw up to $100k per day
- $1.25 million in FDIC insurance
My Savings
- Relationship pricing 0.20% / 0.30% (direct deposit of $1K)
- $100 minimum opening deposit
- No monthly service fee
- No minimum balance requirement
Bottom Line
China dominates the world's largest banks list, holding the top four spots in both assets and tier 1 capital rankings. In the U.S., JPMorgan Chase and Bank of America are the two largest.
Write to Andrea Sielicki at feedback@creditdonkey.com. Follow us on Twitter and Facebook for our latest posts.
Note: This website is made possible through financial relationships with some of the products and services mentioned on this site. We may receive compensation if you shop through links in our content. You do not have to use our links, but you help support CreditDonkey if you do.
Read Next:
|
|
| ||||||
|
|
|