10 Largest Banks

World’s Top 10 Largest Banks Ever in 2020

Money isn’t everything, be that as it may, it is a significant piece of present-day life. Also, the wellspring of cash is regularly a bank. Cutting edge banks are something other than a spot to keep your reserve funds. The biggest banks on the planet are generally likewise among the greatest and most significant speculators of the worldwide economy. Most organizations, paying little heed to which size, need an advance or credit sooner or later and the banks are as yet the top location for that.

Between regular business banking and easy street, worldwide venture banking, banks have developed into huge organizations. The greatest banks on the planet additionally have a place with the greatest organizations on the planet (yet not in the Top 10 currently). Actually, they have developed so largely that numerous just can’t go under without taking the whole economy with them. This is the manner in which interconnected banks are nowadays with our economy. This is particularly valid for the Top 10 greatest banks on the planet. The accompanying positioning shows up which of a huge number of banks overall as of now have a place with the totally biggest banks comprehensively Hint: 8 of the 10 banks come just from two countries.

 

The 10 Largest Banks in the World

(as of May 2020)

 

10. Mitsubishi UFJ Financial Group

Revenue: $61.6 billion
Net Income: 
$4.9 billion
Market Cap:
 $52.1 billion

Year of Foundation: 2005
(through a merger of UFJ & Mitsubishi Toyko Financial Group)
Headquarters: Tokyo, Tokyo Prefecture, Japan

The Mitsubishi UFJ Financial Group finishes the Top 10 biggest banks positioning. The bank is as of now the biggest bank in Japan. It is possessed by the Mitsubishi Corporation which, among others, likewise creates vehicles, hardware and offers building administrations.

 

 

9. Citigroup

citigroup - top 10 largest banks in the world

Revenue: $74.3 billion
Net Income: 
$19.4 billion
Market Cap: 
$91.9 billion

Year of Foundation: 1998
(through a merger of Citicorp & Travelers Group)
Headquarters:
 New York City, New York, USA

Citigroup is another American bank that winds up in the Top 10 of the biggest banks on the planet. Citigroup is dynamic in pretty much every edge of the world. Through its various branches, the bank covers for all intents and purposes all financial branches.

 

 

8. Bank of China

Revenue: $79.4 billion
Net Income: 
$27.2 billion
Market Cap: 
$109.1 billion

Year of Foundation: 1912
Headquarters:
 Beijing, Municipality of Beijing, China

The oldest of the big four banks in China is the Bank of China. The bank has been founded in 1912, long before the Communist revolution in the country. The bank is now of course owned by the communist Chinese government but still belongs to the largest banks globally. Aside from China itself, the Bank of China is also increasingly involved in Hong Kong and Macau.

 

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7. Wells Fargo

Revenue: $82.0 billion
Net Income: 
$19.6 billion
Market Cap:
 $123.8 billion

Year of Foundation: 1852
Headquarters:
 San Francisco, California, USA

Founded in 1852, Wells Fargo is the oldest American bank still in existence. The bank had to go through some rough scandal-rich times recently but remains one of the largest banks in the world. Wells Fargo focuses both on individual private banking as well as corporate clients.

 

 

6. Credit Agricole

largest banks ranking

Revenue: $83.4 billion
Net Income: 
$5.4 billion
Market Cap: 
$22.3 billion

Year of Foundation: 1894
Headquarters:
 Montrouge, Ile-de-France, France

Credit Agricole is currently the biggest European bank. The tradition-rich bank was originally an agricultural bank for farmers and other agricultural clients. However, nowadays the bank offers its services to a wider variety of clients, both private and corporate.

 

 

5. Agricultural Bank of China

Revenue: $89.7 billion
Net Income: 
$30.9 billion
Market Cap: 
$131.5 billion

Year of Foundation: 1951
Headquarters:
 Beijing, Municipality of Beijing, China

The Agricultural Bank of China is another of the banks owned by the Chinese communist government. Its administrations fundamentally target rural organizations just as ranchers in China.

 

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4. Bank of America

Revenue: $91.2 billion
Net Income: 
$27.4 billion
Market Cap:
 $188.5 billion

Year of Foundation: 1998
(through a merger of Bank America & NationsBank)
Headquarters:
 Charlotte, North Carolina, USA

The Bank of America finds itself in 4th place in this Top 10 bank ranking. While primarily involved in personal banking, Bank of America does also provides corporate as well as wealth management services. The bank is for the most part, as the name implies, active on the home market in the United States. At the same time, the bank does have a presence in 34 other countries.

 

 

3. China Construction Bank

Revenue: $102.2 billion
Net Income: 
$38.7 billion
Market Cap: 
$196.6 billion

Year of Foundation: 1954
Headquarters:
 Beijing, Municipality of Beijing, China

The China Construction Bank is another of the ‘Big 4’ Chinese banks in the Top 10 Ranking of the largest banks in the world. CCB is primarily a corporate bank but has recently also started to offer personal banking services. Like the ICBC, CCB is of course, too, owned and controlled by the Chinese government.

 

 

2. JP Morgan Chase

jp morgan chase - biggest american bank

Revenue: $114.6 billion
Net Income: 
$36.4 billion
Market Cap: 
$280.1 billion

Year of Foundation: 2000
(through a merger of Chase Manhattan & JP Morgan)
Headquarters: New York City, New York, USA

JP Morgan Chase is the second-largest bank in the world and the biggest bank of America. It is furthermore the biggest private bank in the world. JP Morgan Chase is active all over the world and provides all kinds of services in the financial world. It has a commercial banking division but is also known for its investment, corporate lending, and wealth management branches.

 

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1. Industrial and Commercial Bank of China

Revenue: $123.6 billion
Net Income: $45.3 billion
Market Cap: $231.8 billion

Year of Foundation: 1984
Headquarters: Beijing, Municipality of Beijing, China

The Industrial and Commercial Bank of China is actually the largest bank in the world. The ICBC is the youngest of the big four Chinese banks, all of which are majority-owned by the Chinese government. While primarily active within China, it has also started to invest and operate globally in recent times, particularly in Africa. The ICBC is now also the largest bank in the world in terms of held assets under management.

 

summary:

Here is A Quick Summary Of The 10 Largest Banks in the World

(as of May 2020)

1. INDUSTRIAL AND COMMERCIAL BANK OF CHINA
Revenue: $123.6 billion
2. JP MORGAN CHASE
Revenue: $114.6 billion
3. CHINA CONSTRUCTION BANK
Revenue: $102.2 billion
4. BANK OF AMERICA
Revenue: $91.2 billion
5. AGRICULTURAL BANK OF CHINA
Revenue: $89.7 billion
6. CREDIT AGRICOLE
Revenue: $83.4 billion
7. WELLS FARGO
Revenue: $82.0 billion
8. BANK OF CHINA
Revenue: $79.4 billion
9. CITIGROUP
Revenue: $74.3 billion
10. MITUBISHI UFJ FINANCIAL GROUP
Revenue: $61.6 billion

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