Banks play an important role in our lives. A bank is a financial institution that accepts deposits from the public and makes demand deposits while simultaneously making loans. China has the world’s top 4 largest banks by total assets in 2024. Here we have compiled a list of the top 10 largest banks in the world in 2024 by Total Assets. Let’s see!
A company’s total assets are the sum of all current and noncurrent assets, such as inventory, cash and cash equivalents, property and equipment.
10. Crédit Agricole
Total assets: $2.5 trillion
- Headquarters: Montrouge, France
- Market cap: $42 billion
Crédit Agricole Group is a French international banking group, and the world’s largest co-operative financial institution. It is the third largest in Europe and second largest in France and among the top 10 largest banks in the world in 2024.
It consists of Crédit Agricole local banks, 39 Agricole regional banks and a central institution, Crédit Agricole S.A. Network of.
It is owned by Crédit Agricole S.A. Through Euronext it is listed as an intermediate holding company on the Paris First Market and is part of the Euronext Paris Stock Exchange. It is considered a systemically important bank by the Financial Stability Board. It was the title sponsor of the Crédit Agricole professional road cycling team from 1998 to 2008.
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09. Mitsubishi UFJ Financial Group
Total assets: $2.8 trillion
- Headquarters: Yurakucho, Chiyoda, Tokyo, Japan
- Market cap: $119 billion
Mitsubishi UFJ Financial Group (MUFG) is Japan’s largest holding and financial services company. With total assets of $2.8 trillion it is among the top 10 largest banks in the world in 2024. It is headquartered in Chiyoda, Tokyo, Japan.
Mitsubishi Corporation and Mitsubishi Heavy Industries are one of the “Three Great Houses” of the Mitsubishi Group. In auditions, it is Japan’s largest financial conglomerate and the world’s second-largest bank holding company by US$11 trillion (JPY148 trillion) as of March 2011. In addition, MUFG letters come from Mitsubishi and Japan’s United Financial.
Mitsubishi UFJ Financial has a market cap of $119 billion. This makes Mitsubishi UFJ Financial the 118th most valuable company in the world by market cap, according to our data.
08. BNP Paribas
Total assets: $2.8 trillion
- Headquarters: Boulevard des Italiens, Paris, France
- Market cap: $76 billion
BNP Paribas is a multinational universal bank and financial services holding company headquartered in Paris, France. It is the largest international banking group in France. BNP Paribas is the second largest bank in Europe and the eighth largest bank in the world in 2024, with total assets of $2.8 trillion.
The bank employs more than 202,500 people and operates in 72 countries on five continents. BNP Paribas was created in 2000 through the merger of Banque Nationale de Paris (BNP) and Paribas, although its corporate identity derives from its foundation as a French national bank in 1848.
It is one of the four major international banks in France. Crédit Agricole, Societe Generale and Groupe BPCE. In addition, the Group is listed on the Euronext Paris First Market and is a component of the Euro Stoxx 50 stock market index, while it is also included in the French CAC 40 index.
07. HSBC
Total assets: $3 trillion
- Headquarters: London, England, UK
- Market cap: $145 billion
HSBC Holdings plc is a British multinational investment bank. With total assets of US$3 trillion, it is expected to be among the top 10 largest banks in the world in 2024. It is the largest bank in Europe by total assets, ahead of BNP Paribas. It is headquartered in London, United Kingdom.
HSBC has its origins in British Hong Kong, and in its present form was established in London to take over the functions of the Hong Kong and Shanghai Banking Corporation. Formed as a new group holding company in 1991, its name is derived from that company’s initials.
The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has approximately 3,900 offices and approximately 38 million customers in 65 countries across Africa, Asia, Oceania, Europe, North America and South America.
06. Bank of America
Total assets: $3.1 trillion
- Headquarters: Charlotte, North Carolina, U.S. (Corporate) – New York, NY (Investment banking)
- Market cap: $279 billion
Bank of America Corporation (BoA) is an American multinational investment bank and financial services holding company. The bank was founded in San Francisco, and in 1998, it was acquired by Nations Bank of Charlotte and took its current form.
It is the second largest banking institution in the United States after JPMorgan Chase, and is projected to be among the top 10 biggest banks in the world in 2024. Bank of America has total assets of $3.1 trillion and its market cap is $279 billion. It is headquartered in Charlotte, North Carolina.
Furthermore, Bank of America is one of the four major banking institutions in the United States. Furthermore, all US banks handle approximately 10.73% of deposits, in direct competition with JPMorgan Chase, Citigroup and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management and investment banking. More than 200,000 employees work in the bank.
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05. JPMorgan Chase
Total assets: $3.8 trillion
- Headquarters: New York City, New York, U.S.
- Market cap: $548 billion
JPMorgan Chase is an American multinational investment bank and financial services holding company. It is headquartered in New York City and incorporated in Delaware. As of 2024, JPMorgan Chase is the largest bank in the United States and the fifth largest bank in the world in terms of total assets, with total assets of US$3.8 trillion.
The firm operates the world’s largest investment bank by revenue. It ranks 24th on the Fortune 500 list of the largest American corporations by revenue. In 2023, JPMorgan Chase was ranked #1 in the Forbes Global 2000 rankings.
The firm’s early history can be traced to 1799, when it was founded as the Chase Manhattan Company. In 1871, J.P. Morgan & Company was founded by J.P. Morgan, who started the House of Morgan at 23 Wall Street as a national carrier of commercial, investment and private banking services.
04. Bank of China
Total assets: $4.4 trillion
- Headquarters: Beijing & Shanghai, China
- Market cap: $161 billion
The Bank of China (BOC) is the fourth of China’s four largest state-owned commercial banks. It is also the fourth largest bank in the world in terms of total assets in 2024. Total assets are $4.4 trillion and market capitalization is $161 billion.
Furthermore, the Bank of China is legally separate from its subsidiary the Bank of China (Hong Kong), although they maintain close ties in management and administration and cooperate in a number of areas, including reselling of the BOC’s insurance and securities services. Its headquarters is in Xicheng District, Beijing.
The bank was established in 1912 by the Republican government to replace the Daking Bank. It is the second oldest bank in mainland China still in existence (after the Bank of Communications, established in 1908). It is considered a systemically important bank by the Financial Stability Board.
03. China Construction Bank
Total assets: $5.2 trillion
- Headquarters: Beijing, China
- Market cap: $157 billion
China Construction Bank Corporation (CCB) is one of the four largest banks in the People’s Republic of China. In 2015, CCB was the world’s second-largest bank by market capitalization and the world’s sixth-largest company. The bank has approximately 13,629 domestic branches.
In addition, it maintains overseas branches in London, Barcelona, Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York City, Seoul, Singapore, Tokyo, Melbourne, Kuala Lumpur, Santiago de Chile, Brisbane, Sydney and Auckland.
Its total assets reached CN¥8.7 trillion in 2009, making it the world’s second largest bank by total assets in 2024. It is considered a systemically important bank by the Financial Stability Board. Its headquarters is in Xicheng District, Beijing.
02. Agricultural Bank of China
Total assets: $5.4 trillion
- Headquarters: Beijing, China
- Market cap: $197 billion
The Agricultural Bank of China (ABC) is one of the largest 4 banks in the People’s Republic of China. It is the second largest bank among the top 10 largest banks in the world in 2024, with total assets of US$5.4 trillion. The bank was established on July 10, 1951 and is headquartered in the Dongcheng District of Beijing.
ABC has 320 million retail customers, 2.7 million corporate customers and around 24,000 branches. ABC went public in mid-2010, achieving the world’s largest initial public offering (IPO) at the time, surpassed only by Saudi Arabia’s state-run petroleum enterprise, Saudi Aramco.
In 2023, Agricultural Bank of China was ranked #4 on Forbes’ Global 2000 (the world’s largest public companies). It is considered a systemically important bank by the Financial Stability Board.
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01. Industrial and Commercial Bank of China (ICBC)
Total assets: $6.2 trillion
- Headquarters: Beijing, China
- Market cap: $247 billion
Industrial and Commercial Bank of China Limited (ICBC) is the largest bank in the world in 2024 by total assets. It is a multinational largest Chinese banking company, with total assets of US$6.2 billion.
ICBC is a state-owned commercial bank, established as a limited company on 1 January 1984. With capital provided by China’s Ministry of Finance, the bank’s Tier 1 capital in 2013 was the largest among one thousand global banks, the first bank headquartered in China to achieve this distinction in modern history.
ICBC ranked first in The Banker’s Top 1000 World Banks ranking every year from 2012 to 2024, and also ranked first in the Forbes Global 2000 list of the world’s largest public companies in 2019. Additionally, it is considered a systemically important bank by the Financial Stability Board.
Hi, here a list of 10 largest banks in the world.
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