1. Industrial and Commercial Bank of China, Beijing, Total Assets – $4,027 trillion
Industrial and Commercial Bank of China Limited is a Chinese multinational banking, financial services holding, and global investment banking company. Industrial and Commercial Bank of China headquartered in Beijing, China. Industrial and Commercial Bank of China is a state-owned commercial bank, with funding provided by the Ministry of Finance of China.
The company is the largest bank in the world, by total assets. The company also ranked at 1st in The Banker’s Top 1000 World Banks ranking and ranked 1st on the Forbes Global 2000 list of the world’s biggest public companies. Industrial and Commercial Bank of China is at the top of the largest banks in the world.
Industrial and Commercial Bank of China was founded in 1984 by the Chinese Central Government. The company has more than 455,000 employees and operates in more than 47 countries around the world. ICBC had more than 5 million corporate customers and 607 million personal customers. ICBC has 17,500 branches and worldwide.
Revenue: $105.4 billion (2018)
Net income: $43.42 billion (2018)
2. China Construction Bank, Beijing, Total Assets – $3,376 trillion
China Construction Bank Corporation is a Chinese multinational investment, financial, and Banking services providing company. The company headquartered in Xicheng District, Beijing, China. China Construction Bank is one of the “big four” banks in the People’s Republic of China.
CCB was the 5th largest bank in the world by market capitalization and the 2nd largest bank in the world by total assets. The company has more than 15,000 domestic branches and also operates overseas branches in Hong Kong, Singapore, Kuala Lumpur, Seoul, Tokyo, Luxembourg, New York City, Frankfurt, Barcelona, Melbourne, Sydney, and Auckland, and the company-owned subsidiary in London.
China Construction Bank Corporation was founded in 1954 by the government of China under the name of People’s Construction Bank of China but later changed to China Construction Bank on 26 March 1996. The Company has more than 347,171 employees and operates in more than 31 countries and regions.
Revenue: $92.1 billion (2018)
Net income: $37.2 billion (2018)
3. Agricultural Bank of China, Beijing, China, Total Assets – $3,287 trillion
Agricultural Bank of China also known as AgBank, is a Chinese multinational financial, and Banking services providing company. Agricultural Bank of China is one of the “Big Four” banks in the People’s Republic of China. The company headquarters in Dongcheng District, Beijing, China. Agricultural Bank of China has 320 million retail customers, 2.7 million corporate customers, and nearly 23,600 branches worldwide. Agricultural Bank of China has more than 473,700 employees and operates in more than 1,500 banks in 135 countries and regions.
Revenue: $87.6 billion (2018)
Net income: $29.5 billion (2018)
4. Bank of China, Beijing, China, Total Assets – $3,092 trillion
Bank of China is a Chinese multinational financial, and Banking services providing company. Bank of China is one of the four biggest state-owned commercial banks in the People’s Republic of China. The company headquartered in Xicheng District, Beijing, China. Bank of China was founded in 1912 by the Republican government to replace the Daqing Bank.
Bank of China is the 9th largest bank in the world by market capitalization of $181.469 billion. it was the 4th largest bank in the world in terms of Total assets, only ranked after the other 3 Chinese banks.
Bank of China was owned by the government of China. The company has more than 312,078 employees and operates in more than 57 countries and regions. Bank of China has more than 1.84 million corporate mobile banking customers with the transaction volume is RMB 1. 24 trillion in 2019 and personal internet banking was more than 312 million with the transaction volume is more than RMB 33. 55 trillion in 2019.
Revenue: $73.23 billion (2018)
Net income: $27.97 billion (2018)
5. Mitsubishi UFJ Financial Group, Tokyo, Japan, Total Assets – $3,069 trillion
Mitsubishi UFJ Financial Group, Inc. is also known as MUFG, it is a Japanese multinational financial, and Banking services providing company. The company headquartered in Yurakucho, Chiyoda, Tokyo, Japan. MUFG is Japan’s largest financial group and the world’s 2nd largest bank holding company holding More than US$1.8 trillion in deposits as of 2011.
Mitsubishi UFJ Financial Group is the 5th largest bank in the world by total assets and 14th largest bank in the world by total market capitalization of $111.660 billion.
MUFG founded on October 1, 2005, by Iwasaki Yatarō, with the merger of Tokyo-based Mitsubishi Tokyo Financial Group (MTFG), and Osaka-based UFJ Holdings. The company has more than 1,10,500 employees and operates in more than 50 countries and regions. Mitsubishi UFJ Financial Group has more than 755 domestic Branches and 80 Overseas Branches.
Revenue: JPY 4.495 trillion (2013)
Net income: JPY 1.069 trillion (2013)
6. Japan Post Bank, Tokyo, Japan, Total Assets – $1,911 trillion
The Japan Post Bank Co., Ltd. is a Japanese bank headquartered in Chiyoda, Tokyo, Japan. In 2008 Japan Post Bank is the world’s biggest deposit holder.
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7. Sumitomo Mitsui Financial Group, Tokyo, Japan, Total Assets – $1,900 trillion
Sumitomo Mitsui Financial Group, Inc. is a Japanese multinational bank holding and financial services providing company. The company headquartered in Kanda, Chiyoda, Tokyo, Japan. Sumitomo Mitsui Financial Group is a leading company to provide services in Investment Management, Wealth Management, Mortgages, and Credit Cards. Sumitomo Mitsui Financial Group has more than 80,000 employees worldwide and operates more than 39 countries and regions.
Revenue: ¥3.812 trillion (2017)
Net income: ¥889.598 billion (2017)
8. Mizuho Financial Group, Tokyo, Japan, Total Assets – $1.849 trillion
Mizuho Financial Group, Inc. is commonly known as Mizuho. Mizuho is a Japanese bank holding and financial services providing company. The company headquartered in the Otemachi district of Marunouchi, Chiyoda, Tokyo, Japan. Mizuho Financial Group banking service ranks 3rd in Japan after Mitsubishi UFJ Financial Group and Sumitomo Mitsui Financial Group.
Mizuho Financial Group is a leading company to provide services in investment banking, global wealth management, corporate banking, private equity, financial analysis, and Credit cards. Mizuho was established originally as Mizuho Holdings, Inc. by the merger of Three banks Dai-Ichi Kangyo Bank, Fuji Bank, and the Industrial Bank of Japan in the year 2000. Mizuho has more than 60,oo0 employees, and operates more than 38 countries and regions.
Revenue: ¥1.450 trillion (2017)
Net income: ¥603.54 billion (2017)
9. Bank of Communications, Shanghai, China, Total Assets – $1.385 trillion
Bank of Communications Limited is a Chinese financial service providing company. The company headquartered in Shanghai, China. Bank of Communications founded in 1908, the Bank of Communications claims a long history in China and is one of the banks to have given banknotes in present-day Chinese history.
Bank of Communications was listed on the Stock Exchange of Hong Kong in 2005 and the Shanghai Stock Exchange in 2007. Bank of Communications is a leading company to provide Insurance services in mainland China. Bank of Communications has more than 95,000 employees and operates more than 20 overseas banking entities in over 16 countries and regions.
Revenue: $30.97 billion (2018)
Net income: $10.78 billion (2018)
10. Postal Savings Bank of China, Beijing, China, Total Assets – $1,383 trillion
Postal Savings Bank of China Co., Ltd. is also known as PSBC, is a Chinese financial, and Banking services providing company. PSBC is a commercial retail bank founded in 2007 and headquartered in No. 3 Financial Street, Xicheng District, Beijing, People’s Republic of China.
PSBC offers basic financial services, particularly to small and medium enterprises, rural, and low-salary customers. PSBC has more than 40,000 branches covering all regions of China 48% of which especially located in rural areas and villages.
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11. China Merchants Bank, Shenzhen, China, Total Assets – $980 billion
China Merchants Bank is a Chinese multinational financial, and Banking services providing company. The company headquartered in Futian District, Shenzhen, Guangdong, China. Founded in 1987, China Merchants Bank is the first share-holding commercial bank wholly owned by corporate legal entities in China. China Merchants Bank has more than 5,000 branches in mainland China and one in Hong Kong also in new york city.
Revenue: $36.11 billion (2018)
Net income: $11.7 billion (2018)
12. Norinchukin Bank, Tokyo, Japan, Total Assets – $844.4 billion
The Norinchukin Bank is a Japanese cooperative bank that provides financial services more than 5,615 agricultural, fishing, and forestry cooperatives. The company headquartered in DN Tower 21, Tokyo, Japan. Norinchukin Bank is one of Japan’s largest institutional investors with an investment portfolio of more than US$410 billion and assets exceeding US$844 billion.
Through overseas branches located in London, New York City, and Singapore, the bank invests in bonds, stock, private equity, securitization products, and real estate. The company managed by only around 3,250 employees, the bank is mainly engaged in asset management and large scale corporate financing.
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13. Industrial Bank of China, Fujian, China, Total Assets – $952.59 billion
The Industrial Bank of China is a Chinese multinational financial, and Banking services providing company. The company headquartered in Fuzhou, Fujian, province of the People’s Republic of China. The company was founded in 1988 The State Council of China and the People’s Bank of China approved the establishment of Industrial bank.
The Industrial Bank has been listed in the SSE 50 share index since February 5, 2007, and offers various types of financial services. The Industrial Bank has more than 55,000 employees nationwide.
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Net income: CN¥33.66 billion (2011)
14. Shanghai Pudong Development Bank, Shanghai, China, Total Assets – $914.49 billion
Shanghai Pudong Development Bank is a Chinese financial, and Banking services providing company. The company headquartered in Shanghai, the People’s Republic of China. The company is listed in the SSE 50 share index on the Shanghai Stock Exchange and is one of the ten largest companies in the CSI 300 index.
The company was founded on January 9, 1993. SPD Bank offers various types of financial services to its customers.
Revenue: $50 million (2016)
Net income: $8 billion (2016)
15. China CITIC Bank, Hong Kong, Total Assets – $882.08 billion
China CITIC Bank is a Chinese financial, and Banking services providing company. The company headquartered in Beijing Hong Kong, China. China CITIC Bank is the seventh-largest Chinese loan bank in the total assets. The company was founded in February 1987 as comprehensive and international banking and the stock index SSE 50 listed.
The company is a subsidiary of the Chinese company China International Trust and Investment Company. The company was formerly known as CITIC Industrial Bank. The company offers various types of banking services to its customers. At the end of October 2005, China CITIC Bank had 418 bank branches in China and set up corresponding partnerships with 990 banks in 70 countries worldwide.
Revenue: $24.37 billion
Net income: $4.92 billion
16. China Minsheng Bank, Beijing, China, Total Assets – $871.66 billion
China Minsheng Bank is a Chinese Banking services providing company. The company headquartered in Beijing, the People Republic of China. he company is listed in the SSE 50 stock index. The company was founded on January 12, 1996. The company was the first credit bank to be predominantly owned by private companies. China Minsheng Bank has over 200 bank branches in China.
Revenue: $5.99 Billion
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17. China Everbright Bank, Beijing, China, Total Assets – $633.54 billion (2016)
China Everbright Bank Co., Ltd. is a Chinese financial service providing company. The company headquartered in China Everbright Center, 25 Taipingqiao Avenue, Xicheng District, Beijing, China. China Everbright Bank Limited is one of twelve listed banks in the People’s Republic of China. It was ranked 141st largest public company in 2018 by Forbes Global 2000.
The bank is part of the Shanghai Stock Exchange 50 Index. The bank is primarily active in private and corporate banking and is partly controlled by the Chinese government.
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Net income: CN¥29.5 billion (2015)
18. State Bank of India, Mumbai, India, Total Assets – $710 billion (2019)
The State Bank of India is an Indian multinational, public sector banking and financial services providing company. The company headquartered in State Bank Bhawan, M.C. Road, Nariman Point, Mumbai, Maharashtra, India. The State Bank of India is the largest bank in India with 420 million customers, and more than 24,000 branches and 59,000 ATMs.
State Bank of India will enter the league of top 50 global banks with a balance sheet size of ₹33 trillion, 278,000 employees. The Bank of Calcutta was founded in 1806 and later renamed Bank of Bengal. This merged in 1921 with the Bank of Madras and the Bank of Bombay to form the Imperial Bank of India.
The bank was nationalized in 1955 with the Reserve Bank of India taking over 60 percent of the shares and converted into the State Bank of India.
Revenue: $39 billion (2019)
Net income: $120 million (2019)
19. Resona Holdings, Tokyo, Japan, Total Assets – $537.39 billion
Resona Holdings, Inc. is a Japanese bank holding and financial services providing company. The company headquartered in Koto, Tokyo, Japan. The company is listed in the Nikkei 225 stock index. The company heads the Resona Group, the fourth largest banking group in Japan.
Resona Holdings was founded on December 12, 2001, as Daiwa Bank Holdings, Inc. as a result of the consolidation of Daiwa Bank, Kinki Osaka Bank, and Nara Bank. Following the acquisition of Asahi Bank on March 1, 2002, the company was renamed Resona Holdings, Inc. on October 1, 2002.
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20. Sumitomo Mitsui Trust Holdings, Tokyo, Japan, Total Assets – $184 billion (2014)
Sumitomo Mitsui Trust Holdings is a Japanese multinational bank holding and financial services providing company. The company headquartered in Tokyo, Japan. The company is part of the Sumitomo Group with sales of $ 49.1 billion and a profit of $ 7.2 billion, Sumitomo Mitsui ranks 59th among the world’s largest companies according to Forbes Global 2000 in 2017.
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Net income: JPY 83.7 billion (2014)