Below is a list of the largest banks in the world as of December 31, 2011. The top 10 banks have about $24.7 trillion in combined assets. Two of the Top 5 largest banks are Japanese institutions. Deutsche Bank is currently the largest bank in the world in terms of total assets. The Bank employs over 100,000 people and serves over 20 million customers through a network of about 3,100 branches worldwide. With a market share of 15.6%, Deutsche Bank is also the largest currency trader in the world. Mitsubishi UFJ Financial Group (MUFG) is the second largest bank in the world by assets. The company's main subsidiaries include: Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking, Mitsubishi UFJ Securities and UnionBanCal Corporation. HSBC Holdings is the third largest global financial institution with about 90 million customers worldwide.

Rank Bank Country Total Assets ($b) Date
1 Deutsche Bank Germany 2,802.71 31/12/2011
2 Mitsubishi UFJ Financial Group Japan 2,741.52 31/12/2011
3 HSBC Holdings UK 2,555.58 31/12/2011
4 BNP Paribas France 2,545.34 31/12/2011
5 Japan Post Bank Japan 2,542.77 31/12/2011
6 Industrial & Commercial Bank of China China 2,455.59 31/12/2011
7 Crédit Agricole Group France 2,434.24 31/12/2011
8 Barclays PLC UK 2,430.74 31/12/2011
9 Royal Bank of Scotland Group UK 2,342.66 31/12/2011
10 JPMorgan Chase & Co. USA 2,265.79 31/12/2011
11 Bank of America USA 2,129.05 31/12/2011
12 Mizuho Financial Group Japan 2,098.18 31/12/2011
13 China Construction Bank China 1,948.66 31/12/2011
14 Bank of China China 1,876.98 31/12/2011
15 Citigroup Inc USA 1,874.91 31/12/2011
16 Agricultural Bank of China China 1,852.79 31/12/2011
17 Sumitomo Mitsui Financial Group Japan 1,805.09 31/12/2011
18 ING Group Netherlands 1,656.74 31/12/2011
19 Santander Group Spain 1,620.92 31/12/2011
20 Societe Generale France 1,530.09 31/12/2011
21 UBS Switzerland 1,510.95 31/12/2011
22 Lloyds Banking Group UK 1,508.86 31/12/2011
23 Groupe BPCE France 1,473.88 31/12/2011
24 Wells Fargo USA 1,313.87 31/12/2011
25 UniCredit S.p.A. Italy 1,200.31 31/12/2011
26 Credit Suisse Group Switzerland 1,117.02 31/12/2011
27 China Development Bank China 992.002 31/12/2011
28 Rabobank Group Netherlands 947.618 31/12/2011
29 Norinchukin Bank Japan 927.620 31/12/2011
30 Nordea Sweden 927.588 31/12/2011
31 Goldman Sachs Group USA 923.225 31/12/2011
32 Commerzbank Germany 857.132 31/12/2011
33 Intesa Sanpaolo Italy 827.889 31/12/2011
34 BBVA Spain 774.097 31/12/2011
35 National Australia Bank Australia 772.699 31/12/2011
36 Royal Bank of Canada Canada 735.665 31/10/2011
37 Bank of Communications China 731.618 31/12/2011
38 Commonwealth Bank of Australia Australia 716.693 31/12/2011
39 Toronto-Dominion Bank Canada 671.717 31/10/2011
40 Westpac Banking Corporation Australia 667.632 31/12/2011
41 Natixis France 657.564 31/12/2011
42 KfW Germany 640.841 31/12/2011
43 Standard Chartered UK 599.070 31/12/2011
44 Danske Bank Group Denmark 596.785 31/12/2011
45 Bank of Nova Scotia Canada 562.983 31/10/2011

 Note: The exchange rate on December 30, 2011, has been used for translation.

Top Banks in the World, Q2 2011

The following are the largest and best banks in the world in terms of total assets. The top 10 banks have over $24.4 trillion in combined assets and top 50 banks – about $67 trillion. Three of the Top 7 largest banks are UK institutions. For the third year in a row, BNP Paribas is the largest bank in the world. In 2008, it was the fourth after Royal Bank of Scotland, Barclays and Deutsche Bank. BNP Paribas's four domestic markets are France, Italy, Belgium and Luxembourg. The Bank operates in more than 80 countries and employs over 205,000 people.

Rank Bank Country Total Assets ($b) Date
1 BNP Paribas France 2,792.10 30/06/2011
2 HSBC Holdings UK 2,690.90 30/06/2011
3 Deutsche Bank Germany 2,681.30 30/06/2011
4 Mitsubishi UFJ Financial Group Japan 2,479.50 30/03/2011
5 Barclays PLC UK 2,395.30 30/06/2011
6 Japan Post Bank Japan 2,325.77 30/03/2011
7 Royal Bank of Scotland Group UK 2,319.90 30/06/2011
8 Industrial & Commercial Bank of China China 2,304.40 30/06/2011
9 Bank of America US 2,264.40 30/06/2011
10 JPMorgan Chase & Co. US 2,246.80 30/06/2011
11 Credit Agricole SA France 2,236.80 30/03/2011
12 Citigroup US 1,956.60 30/06/2011
13 Mizuho Financial Group Japan 1,942.60 30/06/2011
14 China Construction Bank China 1,818.40 30/06/2011
15 ING Group Netherlands 1,798.60 30/06/2011
16 Banco Santander Spain 1,785.80 30/06/2011
17 Bank of China China 1,776.47 30/06/2011
18 Agricultural Bank of China China 1,773.11 30/06/2011
19 Sumitomo Mitsui Financial Group Japan 1,652.82 30/06/2011
20 Societe Generale France 1,590.72 30/06/2011
21 Lloyds Banking Group UK 1,570.59 30/06/2011
22 Groupe BPCE France 1,532.53 30/06/2011
23 UBS Switzerland 1,469.46 30/06/2011
24 UniCredit S.p.A. Italy 1,331.88 30/06/2011
25 Wells Fargo US 1,259.73 30/06/2011
26 Credit Suisse Group Switzerland 1,160.72 30/06/2011
27 Commerzbank Germany 991.085 30/06/2011
28 Rabobank Group Netherlands 963.910 30/06/2011
29 Intesa Sanpaolo Italy 934.576 30/06/2011
30 Nordea Bank Sweden 859.851 30/06/2011
31 Norinchukin Bank Japan 839.80 31/03/2011
32 Morgan Stanley US 830.747 30/06/2011
33 BBVA (Banco Bilbao Vizcaya Argentaria) Spain 824.389 30/06/2011
34 China Development Bank China 775.20 31/12/2010
35 Royal Bank of Canada Canada 765.396 31/07/2011
36 Dexia Belgium 750.521 30/06/2011
37 National Australia Bank Australia 708.360 31/03/2011
38 Toronto-Dominion Bank (TD Bank Group) Canada 696.503 31/07/2011
39 Natixis France 656.665 30/06/2011
40 CM10-CIC Group France 688.158 30/06/2011
41 Bank of Communications China 672.583 30/06/2011
42 Westpac Australia 647.538 30/09/2011
43 KfW Bankengruppe Germany 646.807 30/06/2011
44 Commonwealth Bank of Australia Australia 645.288 30/06/2011
45 Danske Bank Denmark 607.573 30/06/2011
46 Bank of Nova Scotia Canada 594.750 31/07/2011
47 ANZ Banking Group Australia 574.362 30/09/2011
48 Banque Federative du Credit Mutuel (BCFM) France 566.252 30/06/2011
49 DZ Bank Group Germany 555.695 30/06/2011
50 Standard Chartered UK 516.540 31/12/2010
51 Landesbank Baden-Wuerttemberg (LBBW) Germany 514.315 30/06/2011
52 Bank of Montreal Canada 477.471 31/10/2011
53 KBC Group Belgium 453.575 30/06/2011
54 Nomura Holdings Japan 443.366 31/03/2011
55 Banco Bradesco Brazil 437.892 30/06/2011
56 Bayerische Landesbank Germany 431.107 30/06/2011
57 China Merchants Bank China 408.898 30/06/2011
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