Following are the Top 5 banks in the world ranked by total assets. With assets of approximately US$2.8 trillion, Industrial & Commercial Bank of China (ICBC) currently occupies a top position in the list.

1. Industrial & Commercial Bank of China

Industrial & Commercial Bank of China (ICBC) (SEHK: 1398, SSE: 601398, OTC Pink: IDCBY) is the largest bank in the world by total assets and market capitalization. ICBC, founded in 1984, is one of China's Big Four state-owned commercial banks. With about 409,000 employees, ICBC serves over 282 million personal customers and 4.11 million corporate clients through about 17,000 offices in China and 240 offices abroad. It was named “Best Bank in China” by Global Finance and the Banker in 2011. As of September 30, 2012, the company had total assets of RMB 17,371,150 million (US$2.786 billion), loans and advances to customers of RMB 8,637,812 million (US$1.385 trillion) and total liabilities of RMB 16,295,876 million (US$2.614 trillion).

 Credit ratings (June 2012)

  Rating Outlook
Standard & Poor's A Stable
Moody's Investors Service A1 Stable

2. HSBC

HSBC Holdings plc (NYSE: HBC, LSE: HSBA,) is the second-largest bank in the world with assets of US$2.721 trillion. The company employs about 270,000 people and serves over 89 million customers through a network of approximately 7,200 offices worldwide. As of September 30, 2012, HSBC had customer deposits of US$1.312 trillion, loans and advances to customers of US$1.001 trillion, total equity of US$179.764 billion and Tier 1 capital of US$151.540 billion. As at 11 March 2013, the company had a market capitalization of about US$202 billion

 Credit ratings (February 2013)

  Long Term/Senior Short Term
Moody's Aa3 P-1
Standard & Poor's A+ A-1
Fitch AA- F1+

3. Deutsche Bank

Deutsche Bank AG (NYSE: DB, FWB: DBK) is the third-largest bank in the world in terms of total assets. It is a leading global investment bank with 2,984 branches and 98,219 full-time equivalent employees in over 70 countries. DB includes four business divisions: Private & Business Clients, Asset & Wealth Management, Corporate Banking & Securities and Global Transaction Banking. Deutsche Bank was named “Best Global Investment Bank” by Euromoney magazine in 2012. As of December 31, 2012, the company had total assets of EUR 2.012 trillion (US$2.661 trillion) and Tier 1 capital of EUR 51.06 billion (US$67.54 billion).

Credit Ratings (February 2013)

  Long term rating Short term rating
Moody's Investors Service A2 P-1
Standard & Poor's A+ A-1
Fitch Ratings A+ F1+

4. Mitsubishi UFJ

Mitsubishi UFJ Financial Group, Inc. (MUFG) (NYSE: MTU, TYO: 8306) is the fourth-largest financial institution in the world by assets and the largest financial group in Japan. Mitsubishi UFJ was created in 2005 through the merger of Mitsubishi Tokyo Financial Group and UFJ Holdings. As of December 31, 2012, MUFG had total assets of JPY 224,470.287 billion (US$2.611 trillion), loans and bills discounted of JPY 86,979.502 billion (US$1.012 trillion), deposits of JPY 126,931.269 billion (US$1.477 trillion) and over 80,000 employees.

5. Barclays

Barclays plc (NYSE: BCS, LSE: BARC) is the fifth-largest bank in the world by total assets. The company serves about 50 million customers in 50 countries and employs about 140,000 people worldwide. As of December 31, 2012, the company had total assets of £1,490.321 billion (US$2.409 trillion), total loans and advances of £466.218 billion (US$753.545 billion), customer accounts of £385.707 billion (US$623.415 billion), total shareholders' equity of £62.957 billion (US$101.757 billion) and Tier 1 capital of £51.634 billion (US$83.456 billion).

 Credit ratings (Barclays Bank PLC)

  Standard & Poor's  Moody's Fitch DBRS
Long Term A+  A2 A AA
Short Term A-1 P-1 F1 R-1 (High)