February 4, 2020

Largest Banks in the World

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

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.

Under the Basal Accord — an international piece of bank regulation — banks must keep their tier 1 and tier 2 capital totals higher than 10.5% of their risk-weighted assets.

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

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Ten Largest Banks in the U.S.

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

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Checking Account Promotions

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Expires Tomorrow

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Terms and Conditions

Terms and Conditions for the Small Business Checking Affiliate Q2 &Q3 2025 Offer: SB25Q2BIZAFL

Offer Information: Open a new Truist Simple Business Checking or Dynamic Business Checking account online, via phone, or in a branch from 4/1/2025 through 9/30/2025 and earn $400 by making Qualifying Deposits* of $2,000 or more into your new account within 30 days of account opening.

Enrollment in the promotion is required at the time of account opening using promo code SB25Q2BIZAFL to be eligible for a promotion reward. Refer to the Account Opening & Promotion Enrollment sections below for instructions.

*Qualifying Deposits for new business checking accounts exclude debit card credit transactions and NSF fee refunds. Deposits can be made on a one-time basis or cumulatively over the 30 days.

Offer Eligibility: You must be a new Truist business checking client. To be considered a new business checking client, the business cannot have an existing Truist business checking account or have closed a Truist business checking account within 180 days of the promotion start date (i.e., on or after 10/3/2024), with the same Taxpayer Identification Number (TIN), including but not limited to an Employer Identification Number (EIN). The business account holder must be 18 years or older at time of account opening. The account holder cannot be a non-resident alien. The business account holder must have a valid U.S. TIN. The business's physical address must be located in one of the following states: AL, AR, FL, GA, IN, KY, MD, MS, NC, NJ, OH, PA, SC, TN, TX, VA, WV or DC.

Reward Processing: The reward will be deposited to the new business checking account within 4 weeks after the qualification requirements have been met and verified. In order to receive the reward, the new business checking account must be open, not restricted, and in good standing with a balance of at least $0.01 at the time of Truist verification and at the time of payout. An account is considered restricted if it has a temporary or permanent block that prevents credits from posting to the account. Truist verification will occur one time after the qualification requirements are initially met. Promotion is only applicable once per client and for one new qualifying business account. Truist may report the value of any offer reward received to the IRS as required by law. Any appliable taxes are the responsibility of the recipient.

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Version 1 02282025 SB25Q2BIZAFL

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U.S. Bank Business Essentials - $400 Bonus

Promo code Q3AFL25 MUST be used when opening a U.S. Bank Business Essentials or Platinum Business Checking account. Limit of one bonus per business. A $100 minimum deposit is required to open one of the referenced accounts.

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New money is considered money that is new to U.S. Bank. Funds must come from outside U.S. Bank and cannot be transferred from another U.S. Bank product or a U.S. Bank Affiliate. For accounts opened on non-business days, weekends or federal holidays, the open date is considered the next business day. Account fees (e.g., monthly maintenance, paper statement fee, etc.) could reduce the qualifying daily balance, therefore you must make deposit(s) to cover the fees to maintain the daily balance during the qualifying period to be awarded the bonus. Refer to the Business Pricing Information or Business Essentials® Pricing Information Document for a list of fees.

Bonus will be deposited into your new eligible U.S. Bank Business Checking account within 30 days following the last calendar day of the month you complete all of the offer requirements, as long as the account is open and has a positive available balance.

Offer may not be combined with any other business checking account bonus offers. Existing customers (businesses) with a business checking account or customers (businesses) who had an account in the last 12 months, do not qualify.

All regular account-opening procedures apply. For a comprehensive list of checking account pricing, terms and policies, reference your Business Pricing Information or Business Essentials® Pricing Information and YDAA disclosure. These documents can be obtained by contacting a U.S. Bank branch or calling 800.872.2657.

Bonus will be reported as interest earned on IRS Form 1099-INT and recipient is responsible for any applicable taxes. Current U.S. Bank employees are not eligible. U.S. Bank reserves the right to withdraw this offer at any time without notice. Member FDIC

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Free Business Checking - Earn $300 Bonus

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Banking services provided by Coastal Community Bank, Member FDIC

Wells Fargo Everyday Checking Account - $325 Bonus

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Expires 10/15/2025

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Wells Fargo Bank, N.A. Member FDIC

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Key Smart Checking® - $300 Bonus

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Expires 10/17/2025

Earn $300 after qualified activities until 10.17.25 with the no-monthly-maintenance-fee Key Smart Checking®.

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BMO Smart Advantage Checking account - Earn $400 Cash Bonus*

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High-Yield Savings Account - 4.31% APY

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CIT Bank Platinum Savings - 4.00% APY

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4.00% APY with a balance of $5,000 or more
0.25% APY with a balance of less than $5,000
$100 minimum opening deposit
No monthly maintenance fee
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Discover® Online Savings - $200 Cash Bonus

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Enjoy peace of mind with FDIC insurance up to the maximum allowance limit – Certificate #35546.

High-Yield Savings Premier - 4.30% APY

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No account fees
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Only $500 minimum opening deposit

The annual percentage yield (APY) is accurate as of July 29, 2025 and subject to change at the Bank's discretion. Refer to product's website for latest APY rate. Minimum deposit required to open an account is $500 and a minimum balance of $0.01 is required to earn the advertised APY. Member FDIC

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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.

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Bank Reviews & Deals

Articles on Largest Banks in the World

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Getting an international bank account could save you thousands if you're always out of the country. Read on to find out how.

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Which factor is crucial for you in choosing a large bank?

94% Variety of services

6% Better customer service

Source: CreditDonkey

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