Largest banks in the world by assets
The latest S&P Global Market Intelligence ranking of the world’s 100 largest banks highlights a growing divergence, with Chinese banks driving overall asset growth while US banks contracted. The top 100 banks' total assets grew 1.66% to $113.840 trillion, as a 5.2% increase from Chinese banks offset a 2.1% decline from their US counterparts. China's "Big Four" state-owned institutions continue to occupy the top four positions, led by Industrial and Commercial Bank of China Ltd. for the 13th consecutive year.
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World's Largest Banks: Key Research Highlights
- For the 13th year in a row, Industrial and Commercial Bank of China Ltd. is the world's largest bank, with assets of $6.596 trillion.
- The top four largest banks globally are all state-owned Chinese institutions, collectively holding $20.435 trillion in assets.
- Total assets for the 100 world's largest banks reached $113.840 trillion, a 1.66% increase from the previous year's ranking.
- Chinese banks in the top 100 saw their aggregate assets grow by 5.2%, while US banks' assets fell by 2.1%.
- JPMorgan Chase & Co. remains the largest US bank and ranks 6th globally, despite a 5.7% decrease in assets.
- Postal Savings Bank of China Co. Ltd. entered the top 10 for the first time, moving up to the 9th position.