Biggest Banks In The World

The banker includes 1000 banks across the list ranking.

Biggest banks in the world. The largest bank in the world in terms of total assets under management aum is the industrial and commercial bank of china ltd. The ranking was based upon assets as reported and was not adjusted for different accounting treatments. The world s largest banks by total assets 1. The following is a list of the world s largest banks in terms of total assets.

For years u s based banks have dominated the international financial system but now the chinese banks are clearly in the driving seat. This institution provides credit cards and loans financing for. Accounting treatment affects the assets reported. The list is based on the april 2020 s p global market intelligence report of the 100 largest banks in the world.

The next of the big four banks of china agbank as it s also known is the third biggest bank in the world and one of the ten largest companies on the planet. Founded in 1951 agbank has branches in seoul tokyo singapore sydney new york london and many more in the world biggest cities. Every year s p global market intelligence publishes its annual report on banking and financial services highlighting the 100 largest banks in the world based on their total assets. For example the united states uses us gaap as opposed to ifrs which only reports the net derivative.