Although the global economy is struggling to boost growth, raise savings and generate capital, there are some banks that are witnessing massive increase in their assets.
Let's take a look at banks that have most assets in the world.
Source: Bloomberg Visual Data
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Industrial and Commercial Bank of China
Headquarters: Beijing, China
Founded: 1984
Industry: Banking, financial services, investment services
Total assets: $3.06 trillion
Employees: 405,354
Overall rank in assets: 1
Industrial and Commercial Bank of China, which was founded in 1984, also occupies the top rank on Forbes Global 2000 list of biggest public companies in the world.
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HSBC Holdings
Headquarters: London, United Kingdom
Founded: 1991
Industry: Banking, financial services
Total assets: $2.64 trillion
Employees: 260,591
Overall rank in assets: 2
HSBC Holdings, which was founded in 1991, has about 7,200 offices in 85 countries that serve 89 million customers.
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BNP Paribas
Headquarters: Paris, France
Founded: 2000
Industry: Financial services
Total assets: $2.51 trillion
Employees: 200,000
Overall rank in assets: 3
BNP Paribas, which was founded in 2000, is one of the highest rated banks in the world.
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JPMorgan Chase
Headquarters: New York, United States
Founded: 2000
Industry: Banking, financial services
Total assets: $2.46 trillion
Employees: 260,965
Overall rank in assets: 4
JPMorgan Chase, which was founded in 2000, is the largest bank in the United States by assets.
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China Construction Bank
Headquarters: Beijing, China
Founded: 1954
Industry: Banking, financial services, investment services
Total assets: $2.45 trillion
Employees: 329,338
Overall rank in assets: 5
China Construction Bank, which was founded in 1954, has 13,629 domestic branches and operations all around the world.
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Deutsche Bank
Headquarters: Frankfurt, Germany
Founded: 1870
Industry: Banking, financial services
Total assets: $2.41 trillion
Employees: 98,219
Overall rank in assets: 6
Deutsche Bank, which was founded in 1870, has operations in more than 70 countries.
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Agricultural Bank of China
Headquarters: Beijing, China
Founded: 1951
Industry: Banking, financial services
Total assets: $2.38 trillion
Employees: 444,238
Overall rank in assets: 7
Agricultural Bank of China, which was founded in 1951, has 24,000 branches serving 320 million retail customers and 2.7 million corporate clients.
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Bank of Tokyo-Mitsubishi UFJ
Headquarters: Tokyo, Japan
Founded: 2006
Industry: Financial services
Total assets: $2.35 trillion
Employees: 33,827
Overall rank in assets: 8
Bank of Tokyo-Mitsubishi UFJ, which was founded in 2006, has 773 offices in Japan and 76 overseas.
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Credit Agricole
Headquarters: Paris, France
Founded: 2000
Industry: Financial services
Total assets: $2.32 trillion
Employees: 161,280
Overall rank in assets: 9
Credit Agricole, which was founded in 2000, is the largest retail banking group in France.
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Barclays
Headquarters: London, United Kingdom
Founded: 1690
Industry: Banking, financial services
Total assets: $2.27 trillion
Employees: 139,900
Overall rank in assets: 10
Barclays, which was founded in 1690, has operations in more than 50 countries serving about 48 million customers.
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Bank of China
Headquarters: Beijing, China
Founded: 1912
Industry: Banking, financial services
Total assets: $2.26 trillion
Employees: 288,687
Overall rank in assets: 11
Bank of China, which was founded in 1912, is the second-largest lender in China.
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Bank of America
Headquarters: North Carolina, United States
Founded: 1998
Industry: Banking, financial services
Total assets: $2.12 trillion
Employees: 262,812
Overall rank in assets: 12
Bank of America, which was founded in 1998, has operations in all 50 states in the United States and 40 other countries.
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Citigroup
Headquarters: New York, United States
Founded: 1812
Industry: Banking, financial services
Total assets: $1.90 trillion
Employees: 259,000
Overall rank in assets: 13
Citigroup, which was founded in 1812, has about 16,000 offices in 140 countries.
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Royal Bank of Scotland Group
Headquarters: Edinburgh, Scotland
Founded: 1727
Industry: Finance and insurance
Total assets: $1.84 trillion
Employees: 150,000
Overall rank in assets: 14
Royal Bank of Scotland Group, which was founded in 1727, has operations all around the world.
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Mizuho Financial Group
Headquarters: Tokyo, Japan
Founded: 2001
Industry: Banking, financial services
Total assets: $1.75 trillion
Employees: 56,109
Overall rank in assets: 15
Mizuho Financial Group, which was founded in 2001, has operations in more than 30 countries.
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Societe Generale
Headquarters: Paris, France
Founded: 1864
Industry: Financial services
Total assets: $1.63 trillion
Employees: 171,955
Overall rank in assets: 16
Societe Generale, which was founded in 1864, is one of the most admired companies in the world.
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Banco Santander
Headquarters: Santander, Spain
Founded: 1857
Industry: Financial services
Total assets: $1.61 trillion
Employees: 186,763
Overall rank in assets: 17
Banco Santander, which was founded in 1857, has operations all around the world.
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Wells Fargo
Headquarters: New York, United States
Founded: 1852
Industry: Banking, financial services
Total assets: $1.48 trillion
Employees: 269,200
Overall rank in assets: 18
Wells Fargo, which was founded in 1852, has 9,000 retail branches serving more than 70 million customers in the United States.
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Sumitomo Mitsui Financial Group
Headquarters: Tokyo, Japan
Founded: 2002
Industry: Banking, financial services
Total assets: $1.47 trillion
Employees: 62,379
Overall rank in assets: 19
Sumitomo Mitsui Financial Group, which was founded in 2002, is one of the biggest financial institutions.
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Lloyds Banking Group
Headquarters: London, United Kingdom
Founded: 2009
Industry: Financial services
Total assets: $1.40 trillion
Employees: 120,449
Overall rank in assets: 20
Lloyds Banking Group, which was founded in 2009, has operations all around the world.
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UBS
Headquarters: Zurich, Switzerland
Founded: 1854
Industry: Banking, financial services
Total assets: $1.16 trillion
Employees: 62,628
Overall rank in assets: 21
UBS, which was founded in 1854, has operations in more than 50 countries.
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UniCredit
Headquarters: Rome, Italy
Founded: 1895
Industry: Financial services
Total assets: $1.15 trillion
Employees: 162,010
Overall rank in assets: 22
UniCredit, which was founded in 1895, has 40 million customers and operations in 22 countries.
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Credit Suisse
Headquarters: Zurich, Switzerland
Founded: 1856
Industry: Financial services
Total assets: $990 billion
Employees: 47,400
Overall rank in assets: 23
Credit Suisse, which was founded in 1856, has operations all around the world.
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Bank of Communications
Headquarters: Shanghai, China
Founded: 1908
Industry: Financial services
Total assets: $942 billion
Employees: 79,122
Overall rank in assets: 24
Bank of Communications, which was founded in 1908, is one of the largest banks in China.
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Goldman Sachs
Headquarters: New York, United States
Founded: 1869
Industry: Banking, financial services
Total assets: $923 billion
Employees: 31,700
Overall rank in assets: 25
Goldman Sachs, which was founded in 1869, primarily deals with institutional clients.
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