The US financial magazine Global Finance released the list of the world’s 50 largest banks by total assets in 2020 (World’s Biggest Banks 2020), with China’s Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China and Bank of China taking the top four. The asset data of each bank comes from the financial reports of Fitch, Moody’s etc.

The total assets of the world’s 50 largest banks increased by 14% from the previous year. Among them, European banks have total assets of US$26.6 trillion, accounting for 32%; 13 Chinese banks have total assets of US$25.3 trillion, accounting for 31%.

Ranking Bank Headquarters Location Total Assets/Fiscal Year End Date

1. Industrial and Commercial Bank of China (ICBC)4,322.5 billion USD/2019.12.31
2. China Construction Bank( China ) 3,640.5 billion US dollars / 2019.12.31
3. Agricultural Bank of China 3.5715 billion US dollars / 2019.12.31
4. Bank of China 3,258.9 billion USD / 2019.12.31
5. Mitsubishi UFJ Financial Group Japan 30151 billion U.S. dollars / 2020.03.31
6.HSBC Holdings (UK) 27152 billion US dollars / 2019.12.31
7.JPMorgan Chase & Co, U.S. $2.6874 billion / 2019.12.31
8.Bank of America( US) $2.4341 billion / 2019.12.31
9. BNP Paribas( France ) $2.4319 billion / 2019.12.31
10.China Development Bank (China )2,361.9 billion U.S. dollars / 2019.12.31

11.Credit Agricole (France) US$2.2591 billion / 2019.12.31
12.Citigroup (U.S. )$1.9512 billion / 2019.12.31
13.Sumitomo Mitsui Financial Group( Japan) 1,937 billion US dollars / 2020.03.31
14.Wells Fargo (Wells Fargo) U.S. $1.9276 billion / 2019.12.31
15.Mizuho Financial Group ( Japan) $1.919 billion / 2020.03.31
16.Banco Santander (Spain) 1709.2 billion U.S. dollars / 2019.12.31
17.Societe Generale(France )15237 billion US dollars / 2019.12.31
18. Groupe BPCE(France) 1503.1 billion US dollars / 2019.12.31
19.Barclays ( U.K.) 1,466.1 billion U.S. dollars / 2019.12.31
20.Deutsche Bank( Germany) 1,457.8 billion U.S. dollars / 2019.12.31

21.Sparkassen-Finanzgruppe Germany 1,423.3 billion USD/2019.12.31
22. Bank of Communications(China )14221 billion US dollars / 2019.12.31
23, Lloyds Banking Group (U.K. )10942 billion US dollars / 2019.12.31
24, Royal Bank of Canada(Canada) US$1,085.8 billion / 2019.10.31
25.Toronto-Dominion Bank (Canada) 1075.4 billion U.S. dollars / 2019.10.31
26. China Merchants Bank China 10648 billion US dollars / 2019.12.31
27.Industrial Bank China 10227 billion US dollars / 2019.12.31
28.Shanghai Pudong Development Bank( China) 1003.8 billion US dollars / 2019.12.31
29.Norinchukin Bank Japan US$103 billion / 2019.09.30
30. ING Netherlands 1001.8 billion U.S. dollars / 2019.12.31

31. (Agricultural Development Bank of China 1002.9 billion US dollars / 2019.12.31
32.Goldman Sachs (Goldman Sachs) U.S. $993 billion / 2019.12.31
33. UBS (UBS) Switzerland 971.9 billion US dollars / 2019.12.31
34.China Citic Bank China, 969.1 billion US dollars / 2019.12.31
35.UNICREDIT (UNICREDIT) Italy 961.2 billion US dollars / 2019.12.31
36.China Minsheng Bank China 956.3 billion U.S. dollars / 2019.12.31
37. Royal Bank of Scotland (RBS) United Kingdom 948.7 billion U.S. dollars / 2019.12.31
38. Intesa Sanpaolo (Intesa Sanpaolo) Italy 916.8 billion US dollars / 2019.12.31
39. Morgan Stanley US $ 895.4 billion / 2019.12.31
40.Scotiabank Canada 825.4 billion U.S. dollars / 2019.10.31

41. Credit Suisse (Credit Suisse) Switzerland 810.3 billion US dollars / 2019.12.31
42. Spanish Foreign Bank (BBVA) Spain 784.9 billion U.S. dollars / 2019.12.31
43. Standard Chartered (UK) 720.4 billion US dollars / 2019.12.31
44. Commonwealth Bank of Australia $ 685.3 billion / 2019.09.30
45. China Everbright Bank, China 679.5 billion US dollars / 2019.12.31
46.Rabobank (Rabobank) Netherlands 663.5 billion US dollars / 2019.12.31
47.ANZ Group Australia 662.2 billion US dollars / 2019.12.31
48.Bank of Montreal, Canada, $647.6 billion / 2019.10.31
49.Banque Federative du Credit Mutuel France $640.3 billion / 2019.12.31
50.DZ Bank (Germany) 628.4 billion U.S. dollars / 2019.12.3