Top 20 Biggest Banks in the World in 2021
Biggest Banks in the World!!
Banking establishments are crucial to any nation’s economy and financial setup.
They provide saving/borrowing opportunities and other important services to the general public and corporate bodies.
Customers rely on large banks that can provide the best services and can provide national or even international services with competitive interest rates.
Here we are discussing the largest banks in the world based on their total assets.
So, here is the list of the top 20 biggest banks in the world as of 2023.
|Biggest Banks||Country||Total Assets|
|20. Group BPCE||France||$1,463 billion|
|19. Deutsche Bank||Germany||$ 1,627 billion|
|18. Societe Generale||France||$1,632 billion|
|17. Postal Saving Banks of China||China||$1,684 billion|
|16. Balco Santander||Spain||$1,829 billion|
|15. Wells Fargo||America||$1,922 billion|
|14. Mizuho Financial Group||Japan||$2,094 billion|
|13. Japan Post Bank||Japan||$2,139 billion|
|12. Sumitomo Mitsui Financial Group||Japan||$2,140 billion|
|11. Citigroup||America||$2,234 billion|
|10. Crédit Agricole||France||$2,386 billion|
|9. Bank of America||America||$2,738 billion|
|8. BNP Paribas||France||$2,946 billion|
|7. HSBC||United Kingdom||$2,956 billion|
|6. JPMorgan Chase||America||$3,246 billion|
|5. Mitsubishi UFJ Financial Group||Japan||$3,354 billion|
|4. Bank of China||China||$3,627 billion|
|3. China Construction Bank||China||$3,652 billion|
|2. Agricultural Bank of China||China||$4,008 billion|
|1. Industrial and Commercial Bank of China||China||$4,913 billion|
Biggest Banks in the World
The information and details has been compiled from reliable sites including Relbanks.
20. Group BPCE
Total Assets: $1,463 billion
France’s central bank, Group BPCE has managed to add its name to the list of top 20 biggest banks in the world in 2021.
BPCE was founded in 2006 in Paris, France.
Besides, the CEO of the BPCE group is a French entrepreneur, Laurent Mignon.
The bank has over 8,200 branches globally through which it aids 40 million customers annually.
Likewise, the primary services of the company are banking and financial enterprises including real state services to businessmen, individuals, and companies inside France.
As of 2023, the total assets of the bank is $1,463 billion.
19. Deutsche Bank
Total Assets: $1,627 billion
Germany’s major banking corporation, Deutsche bank has managed to add its name to the world’s top 20 biggest banks in 2021 list with its total asset of $1,627 billion.
The Deutsche Bank was founded on 10th March 1869 in Frankfurt, Germany.
Besides, the CEO of the company is a genius German banker, Christian Sewing.
Moreover, Deutsche bank aids 58 countries worldwide through its investment banking, corporate banking, insurance, loans, and asset management services.
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18. Societe Generale
Total Assets: $1,632 billion
France’s oldest yet largest banking institution, Societe Generale was founded by two French entrepreneurs, Edward Charles Bount and Eugène Schneider on May 4, 1864.
Similarly, the headquarter of the bank is located in Paris, France.
Likewise, the bank serves internationally with its subsidiaries.
Moreover, the company offers transaction banking, retail, investment, commercial banking, and asset management surplus security services internationally.
Furthermore, the total assets of Societe Generale is $1,632 billion as of 2023.
Interesting Facts: Societe Generale is France’s third largest banks by its total assets and markt capitalizaton.
17. Postal Saving Banks of China
Total Assets: $1,684 billion
China’s recognizable institution, Postal Saving Banks of China holds the 17th position on our list of biggest banks in the world.
The company was established in March 2007 in Beijing, China.
More than, 1,70,000 employees of the bank aid 600,000 commercial clients and over 500 million retail clients in China.
Likewise, the bank comprises two-thirds of remote clients of China making it one of the notable rural financial networks in China.
As of 2023, the total asset of the association is $1,684 billion.
Interesting Facts: PSBC is China’s fourth-biggest bank according to its deposit rates.
16. Banko Santander
Total Assets: $1,829 billion
On the north coast of Spain, Santander’s notable bank, Banko Santander has managed to add its name to the list of top 20 biggest banks in the world in 2021.
The company was founded on May 15, 1857, in Santander and Madrid of Spain.
Besides, the executive chairman and CEO of the bank are two fabulous Spanish bankers, Ana Patricia Botin and José Antonio Álvarez Álvarez.
Similarly, the bank has over 100,000 employees who aid over 148 million clients internationally.
The bank offers retail, investment, financial, insurance banking, and security services.
Moreover, the company aids North America, Europe, and currently Asian countries like Hongkong and China through its subsidiaries.
As of 2023, the total assets of the association is $1,829 billion.
15. Wells Fargo
Total Assets: $1,922 billion
America’s renowned international company, Wells Fargo with its total asset of $1,922 billion was founded in 1929 in Minneapolis,United States.
The headquarter of Wells Fargo is located in San Fransisco, California.
Similarly, the recent CEO and chairman of the association are the genius American entrepreneurs, Charles Scharf and Steven Black.
Likewise, the bank aids 35 countries, 70 million global clients with their 8,050 branches worldwide.
Especially, the bank provides high yield, risk management, private placements, authorized loans, and numerous public financial services globally.
Interesting Facts: Wells Fargo is the fourth biggest bank in the United States following JPMorgan Chase, Bank of America, and Citigroup.
14. Mizuho Financial Group
Total Assets: $2,094 billion
Japan’s glorious banking association, Mizuho Financial Group has a total asset of $2,094 billion as of 2023.
Besides, the headquarter of the bank is located in Chiyoda, Japan.
Similarly, the CEO of the Mizuho group is Japan’s renowned entrepreneur, Tatsufumi Sakai.
Moreover, the Mizuho Group offers private, investment, consumer, retail, and public banking services including research, security, and asset management.
Likewise, the bank also serves the majority of Japanese customers along with other global client networks.
Interesting Facts: Mizuho Financial Group is the third biggest megabank of Japan.
13. Japan Post Bank
Total Assets: $2,139 billion
With a total asset of $2,139 billion, Japan Post Bank holds the thirteenth spot on our list of biggest banks in the world.
Besides, one of the historical banks of Japan, Japan PostBank was established on September 1, 2006, in Tokyo.
Also, the CEO of the corporation is an entrepreneur, Jun Ohta.
Likewise, the Government of Japan handles the majority of the activities of the company, and Japan Post Holdings regulates the rest.
Especially, the bank from its initiation phase has been playing a significant role in the promotion of the economic and commercial success of Japan along with its citizens.
Moreover, the postal banking system aids the country through its 25,000 branches across Japan and governs over ¥205 trillion assets in total.
12. Sumitomo Mitsui Financial Group
Total Assets: $2,140 billion
With a total asset of $2,140 billion, Sumitomo Mitsui Financial Group is one of the biggest banks in the world.
It was established on December 2, 2002, in Tokyo.
Especially, the group offers retail, corporate, investment, and financial services to every individual, micro, and macro-level enterprise globally.
In addition, Sumitomo Group is Japan’s second-largest corporation by total market shares value and capital.
Moreover, Sumitomo Group serves more than 40 countries through its 463 branches.
Total Assets: $2,234 billion
With a total asset of $2,234 billion, Citigroup has managed to add its name to the top 20 biggest banks in the world in 2021.
Established on October 8, 1998, Citigroup is an American multinational investment bank and financial services institution serving over 160 countries internationally.
Besides, the merging of Citicorp and Travelers Group formed the bank in New York City.
Likewise, the CEO of the company is an Scottish banker, Jane Fraser.
Furthermore, Citigroup is one of the Big Four banking corporations in the U.S. including JPMorgan Chase, Bank of America, and Wells Fargo.
10. Crédit Agricole
Total Assets: $2,386 billion
With a total asset of $2,386 billion, Crédit Agricole is the tenth biggest bank in the world in 2023.
Besides, Crédit Agricole is the second largest bank of France and the third-largest bank of Europe.
Similarly, Crédit Agricole was established on November 5, 1894.
Likewise, a French banker Philippe Brassac founded the company in Montrouge, France.
Moreover, the cooperative bank offers retail, corporate, investment, private banking, and asset management services internationally.
9. Bank of America
Total Assets: $2,738 billion
With a total asset of $2,738 billion and a market capitalization of $286 billion, Bank of America is the world’s ninth biggest bank in 2021.
Likewise, the CEO of the bank is an American entrepreneur, Brian Moynihan.
Especially, the bank offers its key services on investment banking, mutual funds, insurance, and wealth management globally.
Moreover, Bank of America is the second-largest bank in the U.S. behind JPMorgan Chase.
Further, Bank of America is one of the Big Four commercial banks of the U.S.
Interesting Facts: Europe’s greatest financial information institution Euromoney Institutional Investor awarded Bank of America with Awards for Excellence as the World’s Best Bank in 2018.
8. BNP Paribas
Total Assets: $2,946 billion
With a total asset of $2,946 billion, BNP Paribas is the eighth biggest bank in the world in 2021.
Europe’s biggest bank, BNP Paribas was established in 1848, in Paris, France.
Likewise, the CEO of the bank is a French entrepreneur, Jean-Laurent Bonnafé.
Moreover, the bank aids 72 countries over 5 continents with investment banking, loans, corporate banking, and wealth management through its global subsidiaries.
Further, the total market capitalization of BNP Paribas is $70 billion.
7. HSBC (Hongkong and Sanghai Corporation)
Total Assets: $2,956 billion
With a total asset of $2,956 billion, HSBC is the seventh biggest bank in the world in 2021.
Besides, HSBC is a British multinational investment bank and financial services corporation that was established on March 25, 1991, in London.
Moreover, HSBC is the second biggest commercial bank in Europe.
Especially, the bank aids retail banking, investment banking, personal banking, wealth management services in 65 countries through its 3,900 branches.
6. JPMorgan Chase
Total Assets: $3,246 billion
With a total asset of $3,246 billion and a market capitalization of $423 billion, JPMorgan Chase is the sixth biggest bank in the world in 2021.
JPMorgan Chase is an American multinational investment bank and financial services corporation located in New York.
Two fabulous American bankers John Pierpont Morgan and John Thompson founded the bank on December 1, 2000.
Especially, the bank offers services like investment banking, mutual funds, loans, asset management, and consumer banking.
Moreover, JPMorgan Chase is one of the ‘Big Four Banks’ of America.
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5. Mitsubishi UFJ Financial Group
Total Assets: $3,354 billion
With a total asset of $3,354 billion, Mitsubishi UFJ Financial Group is the fifth-biggest bank in the world in 2021.
Besides, Mitsubishi UFJ is the biggest Japanese holding company which was established on October 1, 2005, in Chiyoda, Tokyo.
Likewise, the CEO of the group is Hironori Kanazawa.
Moreover, the company offers primary services like personal banking, investment banking, corporate banking, and wealth management across 40 countries.
4. Bank of China
Total Assets: $3,627 billion
With a total asset of $3,627 billion and a market capitalization of $108 billion, the Bank of China is the fourth biggest bank in the world in 2021.
The Bank of China is the oldest and honorable bank which was established in 1912, in Beijing, China.
Likewise, the president of the bank is a Chinese entrepreneur, Liu Liange.
Moreover, the leading bank of China aids more than 20 countries with its financial services of corporate banking, investment, insurance, personal banking, and wealth management.
Also, the Government of China owns the company.
3. China Construction Bank Corporation
Total Assets: $3,652 billion
With a total asset of $3,652 billion and a market capitalization of over $211 billion, China Construction Bank Corporation is the third biggest bank in the world in 2021.
Besides, China’s second-largest bank, the CCBC was established in 1954, in Xicheng District, Beijing.
At first, the bank performed governmental exchanges only.
But, later, the corporation was transformed into a commercial bank.
Moreover, the bank offers its vast financial services of investment, retail, loans, etc with its more than 14,000 branches internationally.
2. Agricultural Bank of China
Total Assets: $4,008 billion
With a total asset of $4,008 billion, the Agricultural Bank of China is the world’s second-biggest bank in 2021.
Besides, one of the Big Four Bank of China, ABC was established on July 10, 1951, in Dongcheng District, Beijing.
Moreover, the bank offers investment banking, corporate banking, insurance, etc through its 24,000 branches globally.
Further, the total market capitalization of ABC is $133 billion.
1. Industrial and Commercial Bank of China
Total Assets: $4,913 billion
The world’s largest and affluent bank in 2021 is the Industrial and Commercial Bank of China.
ICBC comprises a total asset of $4,913 billion and a market capitalization of $231 billion.
Established on January 1, 1984, ICBC is one of the Big Four Banks of China, headquartered in Beijing.
Likewise, the Government of China owns 71% of the bank.
Moreover, ICBC offers diverse banking services of investment, retail, corporate banking, asset management, loans, etc through its 16,200 branches in approximately 50 countries.
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