What are the top 10 banks in the world? When it comes to the financial industry, banks play a significant role there. On the other hand, the number of customers who invest their money in banks increases day by day. Also, it has become the most popular option among people now. Then, which ones perform better? Which banks provide the perfect contribution to its country? Where should I invest? You will be able to find a proper answer with this article.
1.Industrial & Commercial Bank of China
Industrial & Commercial Bank of China is the largest bank, with assets of $4.02 trillion. Moreover, it is a state-owned and subsidized company. They established the bank in 1984, and now it has become one of the world’s biggest companies. China has divided the responsibilities of financing for important fields among the Big Four Banks. Mainly, this bank focuses on dealing with industrial and manufacturing enterprises.
2.China Construction Bank
China Construction Bank has become the 2nd biggest bank with $3.37 trillion assets. Furthermore, it is a state-owned bank. It mainly offers its services for infrastructure and new construction projects.
3.Agricultural Bank of China
Agricultural Bank of China consists of $3.28 trillion assets, and it is also a state-owned bank. This is another bank among the Big Four Banks in China. Moreover, it provides a considerable contribution and plays a significant role in the Chinese economy.
4.Bank of China Ltd
Bank of China Ltd contains $3.09 trillion in assets. All of these Chinese banks encourage to deposit more. As a result of that, these banks hold deposits more than American Banks. So, Bank of China Ltd represents a major role in the success of Chinese financial stability.
5.Mitsubishi UFJ Financial Group
Mitsubishi UFJ Financial Group is a Japanese bank that has $2.81 trillion assets with them. On the other hand, most of the deals are coming from outside of Japan. So, Mitsubishi UFJ Financial Group greatly contributes to its country and has reached an immense faith within just a short period.
6.JP Morgan Chase
JP Morgan Chase is a bank from the U.S. and contains $2.62 trillion assets. In a way, this bank is the largest in its country U.S. while it receives the 6th place in the worldwide rankings. It does not mean that the U.S. has dropped down in the industry. In addition to that, we are still measuring these kinds of researches using U.S. dollars. So, it still keeps its standard.
7. HSBC Holdings
HSBC Holdings is from the United Kingdom. Also, it has an asset value of $2.55 trillion with them. Therefore, the bank has reached a perfect faith and financial stability to represent the United Kingdom within the world rankings. Moreover, HSBC Holdings have their branches in more than 60 countries in the world now.
8.Bank of America (BAC) Bank of America has $2.3 trillion in assets, according to recent researches. As well as that, they have mainly focused on improving consumer-level businesses. So, they encourage them to invest more with them and facilitate for them too. That decision has become successful rather than paying broad attention to just depositing.
9.BNP Paribas SA
BNP Paribas SA is from France and contains $2.33 trillion assets with them. It was formed by the Banque Nationale de Paris and Paribas. It provides a broad range of services regarding depositing. Also, BNP Paribas SA has won perfect popularity among the field as a reliable rank.
10. Credit Agricole Group
Credit Agricole Group is also from France. It operates with $2.12 trillion assets for the current moment. Especially, the role played by this bank is recognizable very well. It has also taken the opportunity from the currency zone flaws, and it took the country to the world rankings as a stable economy.