Biggest Banks In The World

Icbc industrial and commercial bank of china a state owned financial institution is the world s biggest bank by total assets and deposits.

Biggest banks in the world. For the sixth year in a row industrial commercial bank of china icbc is the largest bank in the world with assets of 26 087 trillion yuan us 4 trillion. The industrial and commercial bank of china or icbc is an international financial company and by far the largest bank in the world on asset value. The list is based on the april 2020 s p global market intelligence report of the 100 largest banks in the world.

The ranking was based upon assets as reported and was not adjusted for different accounting treatments. Forbes ranks the world s best banks. China s big four industrial commercial bank of china ltd china construction bank corp agricultural bank of china ltd.

Despite an economic slowdown on the back of global trade tensions china s largest banks continued to grow in 2019 and further embedded their positions among the world s biggest banks s p global market intelligence s annual global bank ranking shows. The four largest banks are headquartered in china. Army as the world s largest security operation.

Calling this the world s largest bank is a little bit like listing the u s. Accounting treatment affects the assets reported. This bank opened.

Industrial and commercial bank of china icbc us 3 473 09 billion. Prime banks trade instruments such as world paper international monetary fund bonds and federal reserve notes. Term used to describe the top 50 banks or thereabouts in the world.

It is also the world s largest bank by deposits loans number of customers and employees. Accurate but somewhat unfair to the pinkertons. For years u s based banks have dominated the international financial system but now the chinese banks are clearly in the driving seat.