From the Cautious Optimism Correspondent for Economic Affairs.
World's largest banks in 2023 by assets (in billions of USD):
1. Industrial & Commercial Bank of China* (CHN) $5,743
2. China Construction Bank* (CHN) $5,017
3. Agricultural Bank of China* (CHN) $4,919
4. Bank of China* (CHN) $4,192
5. JPMorgan Chase (USA) $3,898
6. Bank of America (USA) $3,051
7. Mitsubishi UFJ Financial Group (JPN) $2,968
8. HSBC (UK) $2,865
9. BNP Paribas (FRA) $2,850
10. Crédit Agricole (FRA) $2,543
11. Citigroup Inc. (USA) $2,417
12. Postal Savings Bank of China* (CHN) $2,040
13. SMBC Group (JPN) $2,007
14. Mizuho Financial Group (JPN) $1,909
15. Bank of Communications* (CHN) $1,884
16. Wells Fargo (USA) $1,881
17. Santander (ESP) $1,854
18. Barclays (UK) $1,824
19. Japan Post Bank (JPN) $1,720
20. UBS (SUI) $1,679
21. Groupe BPCE (FRA) $1,636
22. Société Générale (FRA) $1,589
23. Royal Bank of Canada/RBC (CAN) $1,544
24. Toronto-Dominion Bank/TD (CAN) $1,525
25. Deutsche Bank (GER) $1,480
26. China Merchants Bank* (CHN) $1,470
27. Goldman Sachs (USA) $1,442
28. Industrial Bank (CHN) $1,344
29. China CITIC Bank* (CHN) $1,239
30. Shanghai Pudong Development Bank (CHN) $1,184
31. Morgan Stanley (USA) $1,180
32. France Crédit Mutuel (FRA) $1,180
33. Lloyds Banking Group (UK) $1,058
34. China Minsheng Bank* (CHN) $1,052
35. Italy Intesa Sanpaolo (ITA) $1,043
36. ING Group (NED) $1,034
37. Scotiabank (CAN) $1,030
38. UniCredit (ITA) $917
39. China Everbright Bank* (CHN) $913
40. NatWest Group (UK) $868
41. Bank of Montreal/BMO (CAN) $859
42. Commonwealth Bank (AUS) $837
43. Standard Chartered (UK) $820
44. La Banque postale* (FRA) $797
45. Ping An Bank (CHN) $772
46. Banco Bilbao Vizcaya Argentaria (ESP) $762
47. Norinchukin Bank (JPN) $753
48. State Bank of India* (IND) $695
49. Canadian Imperial Bank of Commerce (CAN) $691
50. National Australia Bank (AUS) $680
*Majority or wholly state-owned enterprise
Number of top 50 banks by country:
13-China
6-France
6-USA
5-Canada
5-Japan
5-UK
2-Australia
2-Italy
2-Spain
1-Germany
1-India
1-Netherlands
1-Switzerland
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