Top Banks in the World 2021 by assets

Below is a list of the largest banks in the world ranked by total assets at the end of 2021. Industrial & Commercial Bank of China (ICBC) remained the largest bank in the world with assets of $5.54 trillion, and the four largest Chinese lenders together held $19.081 trillion, 10.2% more than a year earlier. The top 10 banks held combined assets of about $37.7 trillion. The top 100 include 19 Chinese banks, 12 US banks, 8 Japanese banks, 6 each from the UK, France, Canada and South Korea, 5 German banks, 4 from Australia, 3 each from Spain, Switzerland, the Netherlands, Singapore, Brazil and Sweden, 2 Italian banks and one each from India, Finland, Denmark, Russia, Belgium, Austria, Norway and Qatar.

Rank Bank Country Total assets, US$b Balance sheet
1 Industrial & Commercial Bank of China Ltd. China 5,536.53 12/31/2021
2 China Construction Bank Corp. China 4,762.46 12/31/2021
3 Agricultural Bank of China Ltd. China 4,575.95 12/31/2021
4 Bank of China Ltd. China 4,206.53 12/31/2021
5 JPMorgan Chase & Co. USA 3,743.57 12/31/2021
6 Mitsubishi UFJ Financial Group Inc. Japan 3,176.84 12/31/2021
7 Bank of America Corp. USA 3,169.50 12/31/2021
8 HSBC Holdings PLC UK 2,953.64 12/31/2021
9 BNP Paribas SA France 2,905.83 12/31/2021
10 Crédit Agricole Group France 2,674.35 12/31/2021
11 Citigroup Inc. USA 2,291.41 12/31/2021
12 Sumitomo Mitsui Financial Group Inc. Japan 2,176.94 12/31/2021
13 Japan Post Bank Co. Ltd. Japan 1,998.98 12/31/2021
14 Postal Savings Bank of China Co. Ltd. China 1,981.53 12/31/2021
15 Mizuho Financial Group Inc. Japan 1,957.87 12/31/2021
16 Wells Fargo & Co. USA 1,948.07 12/31/2021
17 Barclays PLC UK 1,874.40 12/31/2021
18 Bank of Communications Co. Ltd. China 1,836.38 12/31/2021
19 Banco Santander SA Spain 1,814.90 12/31/2021
20 Groupe BPCE France 1,724.12 12/31/2021
21 Société Générale SA France 1,665.47 12/31/2021
22 Deutsche Bank AG Germany 1,505.74 12/31/2021
23 The Toronto-Dominion Bank Canada 1,486.40 1/31/2022
24 The Goldman Sachs Group Inc. USA 1,463.99 12/31/2021
25 China Merchants Bank Co. Ltd. China 1,455.94 12/31/2021
26 Royal Bank of Canada Canada 1,376.79 1/31/2022
27 Industrial Bank Co. Ltd. China 1,354.25 12/31/2021
28 China CITIC Bank Corp. Ltd. China 1,266.08 12/31/2021
29 Shanghai Pudong Development Bank Co. Ltd. China 1,251.38 9/30/2021
30 Crédit Mutuel Group France 1,249.36 12/31/2020
31 Intesa Sanpaolo SpA Italy 1,215.74 12/31/2021
32 Lloyds Banking Group PLC UK 1,200.41 12/31/2021
33 Morgan Stanley USA 1,188.14 12/31/2021
34 UBS Group AG Switzerland 1,117.18 12/31/2021
35 China Minsheng Banking Corp. Ltd. China 1,094.48 12/31/2021
36 ING Groep NV Netherlands 1,081.87 12/31/2021
37 NatWest Group PLC UK 1,058.86 12/31/2021
38 UniCredit SpA Italy 1,042.50 12/31/2021
39 The Bank of Nova Scotia Canada 978.48 1/31/2022
40 China Everbright Bank Company Ltd. China 929.08 12/31/2021
41 The Norinchukin Bank Japan 927.77 12/31/2021
42 Bank of Montreal Canada 908.62 1/31/2022
43 La Banque Postale SA France 878.32 12/31/2021
44 Commonwealth Bank of Australia Australia 836.05 12/31/2021
45 Credit Suisse Group AG Switzerland 829.12 12/31/2021
46 Standard Chartered PLC UK 827.82 12/31/2021
47 Banco Bilbao Vizcaya Argentaria SA Spain 818.21 12/31/2021
48 Ping An Bank Co. Ltd. China 774.70 12/31/2021
49 CaixaBank SA Spain 773.38 12/31/2021
50 Rabobank Netherlands 727.37 12/31/2021
51 DZ BANK AG Deutsche Zentral-Genossenschaftsbank Frankfurt am Main Germany 713.38 12/31/2021
52 Australia and New Zealand Banking Group Ltd. Australia 709.01 9/30/2021
53 State Bank of India India 694.90 12/31/2021
54 Westpac Banking Corp. Australia 677.88 9/30/2021
55 Canadian Imperial Bank of Commerce Canada 676.95 1/31/2022
56 National Australia Bank Ltd. Australia 670.70 9/30/2021
57 Resona Holdings Inc. Japan 662.32 12/31/2021
58 Nordea Bank Abp Finland 648.64 12/31/2021
59 Danske Bank A/S Denmark 602.01 12/31/2021
60 U.S. Bancorp USA 573.28 12/31/2021
61 KB Financial Group Inc. South Korea 557.35 12/31/2021
62 The PNC Financial Services Group Inc. USA 557.19 12/31/2021
63 Sumitomo Mitsui Trust Holdings Inc. Japan 553.87 12/31/2021
64 Hua Xia Bank Co. Ltd. China 550.75 9/30/2021
65 Sberbank of Russia Russia 548.58 12/31/2021
66 Shinhan Financial Group Co. Ltd. South Korea 544.14 12/31/2021
67 Truist Financial Corp. USA 541.24 12/31/2021
68 Commerzbank AG Germany 536.65 12/31/2021
69 DBS Group Holdings Ltd. Singapore 508.89 12/31/2021
70 China Guangfa Bank Co. Ltd. China 493.36 6/30/2021
71 Bank of Beijing Co. Ltd. China 474.36 9/30/2021
72 ABN AMRO Bank NV Netherlands 453.90 12/31/2021
73 The Bank of New York Mellon Corp. USA 444.44 12/31/2021
74 Capital One Financial Corp. USA 432.38 12/31/2021
75 NongHyup Financial Group Inc. South Korea 425.58 12/31/2021
76 Hana Financial Group Inc. South Korea 421.81 12/31/2021
77 Bank of Shanghai Co. Ltd. China 411.53 9/30/2021
78 Oversea-Chinese Banking Corp. Ltd. Singapore 402.16 12/31/2021
79 Bank of Jiangsu Co. Ltd. China 400.75 9/30/2021
80 KBC Group NV Belgium 393.17 12/31/2021
81 Nomura Holdings Inc. Japan 392.71 12/31/2021
82 Nationwide Building Society UK 385.40 9/30/2021
83 Woori Financial Group Inc. South Korea 375.42 12/31/2021
84 Itaú Unibanco Holding SA Brazil 371.38 12/31/2021
85 Svenska Handelsbanken AB (publ) Sweden 370.13 12/31/2021
86 Skandinaviska Enskilda Banken AB (publ) Sweden 365.43 12/31/2021
87 China Zheshang Bank Co. Ltd. China 359.97 12/31/2021
88 Erste Group Bank AG Austria 350.96 12/31/2021
89 DNB Bank ASA Norway 342.97 12/31/2021
90 Banco do Brasil SA Brazil 340.89 12/31/2021
91 United Overseas Bank Ltd. Singapore 340.70 12/31/2021
92 Industrial Bank of Korea South Korea 334.19 12/31/2021
93 Landesbank Baden-Württemberg Germany 321.05 12/31/2021
94 State Street Corp. USA 314.62 12/31/2021
95 Desjardins Group Canada 313.78 12/31/2021
96 Raiffeisen Gruppe Switzerland Switzerland 312.07 12/31/2021
97 Swedbank AB (publ) Sweden 304.20 12/31/2021
98 Bayerische Landesbank Germany 303.14 12/31/2021
99 Banco Bradesco SA Brazil 300.73 12/31/2021
100 Qatar National Bank (QPSC) Qatar 300.24 12/31/2021

Source: S&P Global Market Intelligence, "The world's 100 largest banks, 2022," published April 2022. Total assets are as of December 31, 2021 unless otherwise shown; company assets were adjusted on a best-efforts basis for mergers, acquisitions and divestitures completed or pending as of March 31, 2022, and balance sheets reported in other currencies were converted to US dollars at period-end exchange rates.