10 Richest Banks In The World 2022

December 18, 2021

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Banks make the world go round because they control money. This is especially true for large banks. Of course, it is difficult to calculate how much money a bank actually has, but it will help to find out who runs the global financial system. In this article we will talk about the 10 richest banks in the world.

There are many ways to evaluate a banking institution: for example, you can do it by calculating total assets. But there is a problem with measuring the value or size of a bank by assets – American banks keep records in different ways, thus creating discrepancies in the statements of total assets.

Market capitalization is an easier, more flexible way of counting the largest banks in the world.

10 Richest Banks In The World

The equity capital of a publicly-traded company is measured by market capitalization. Based on this, here are the 10 largest banks in the world based on their capitalization. Sometimes the situation is reversed when banks suffer losses.

10. COMMONWEALTH BANK OF AUSTRALIA (CAPITALIZATION – $ 131.53 BILLION)

Founded in 1911, the fully privatized multinational bank is Australia’s second-largest privately owned company to admit security on the stock exchange. Provides numerous services – loans, mortgages, insurance. It confidently ranks 10th in the list of banks with a market capitalization of $ 131.53 billion.

9. BANK OF CHINA (CAPITALIZATION – $ 115.92 BILLION)

The oldest bank in China, the Bank of China, was founded in 1912. With branches around the world, the bank reported a profit increase of 26.4 billion in 2013, making it the country’s fourth-largest moneylender based on market capitalization comparison. Total revenue – $ 105 billion, capitalization amounted to $ 115.92 billion in 2014.

8. AGRICULTURAL BANK OF CHINA (CAPITALIZATION – $ 126.41 BILLION)

This bank is the largest rural lender in the country by its assets. With 320 million retail customers, 3 million corporate clients and 24,000 branches worldwide, the Agricultural Bank of China is also one of the most powerful public companies in the world.

Net profit increased by 15% in 2013, then the bank reported a profit of $ 27.02 billion. Agricultural Bank of China’s capitalization estimate was $ 126.41 billion.

7. CITIGROUP (CAPITALIZATION $ 144.63 BILLION)

Having survived catastrophic losses during the 2008 economic crisis, Citigroup has recovered well, according to 2013 data, it accumulated $ 420 billion and had a net worth of $ 204 billion. In 2014, capitalization reached $ 144.63 billion.

6. CHINA CONSTRUCTION BANK (CAPITALIZATION – $ 160.83 BILLION)

In 2013, the bank’s net profit reached $ 34.98 billion, which indicates an increase of 11% compared to 2012. The market capitalization of the company has been growing rapidly since 2007. In June 2014, it reached $ 160.83 billion.

5. BANK OF AMERICA (CAPITALIZATION – $ 181.77 BILLION)

In terms of total assets, it is the second-largest bank in the United States and ranks 21st in the world among the companies with the highest gross income.

The bank regularly finds itself in various difficult situations, controversy and lawsuits revolve around it, for example, the US Department of Justice’s charge of $ 17 billion in connection with operations that accelerated the 2008 financial crisis.

However, Bank of America holds a capitalization of $ 181.77 billion, making it one of the largest banks in the world.

4. HSBC HOLDINGS (CAPITALIZATION – $ 191.43 BILLION)

The first UK bank in our ranking is a universal banking and financial services company and the second-largest bank in the world. With 125 million customers and nearly 7,000 locations across the globe, it’s no surprise the company had reported $ 2.671 trillion in assets by the end of 2013. This year the market capitalization was $ 191.43 billion.

3. INDUSTRIAL AND COMMERCIAL BANK OF CHINA (CAPITALIZATION – $ 196.21 BILLION)

The largest Chinese commercial bank with total assets reaching $ 3.1 trillion in 2014. In 2013, the bank reported a net profit of $ 42.3 billion, which is more than 10% more than in the previous year. In 2014, capitalization amounted to $ 196.21 billion.

2. JPMORGAN CHASE (MARKET CAP – $ 229.90 BILLION)

An American conglomerate formed by the merger of Chase Manhattan Corporation and JP Morgan & Co. JP Morgan in 2000, the latter is in charge of investments, assets, and wealth management, while Chase is in charge of credit cards and retail business.

Based on assets alone of $ 2,476.99 trillion, JPMorgan Chase is by far the largest bank in the United States and the sixth-largest in the world. The bank’s capitalization is $ 229.90 billion.

1. WELLS FARGO (CAPITALIZATION – $ 261.72 BILLION)

One Bank Wells Fargo is a multinational banking and financial services holding company with numerous branches and assets distributed around the world. If we consider assets separately, then it will not even be included in the top 20 largest banks in the world.

Banking turnover and numbers can often be misleading; With a market capitalization of $ 261.72 billion, Wells Fargo is the largest bank not only in the United States but worldwide.