Top 10 Biggest Banks In the World 2021

Asset is anything with economic value that an individual, organization or country is able to control in the expectation that it will provide future benefit. These assets include anything that is physical, and can include vehicles, precious metals, currencies and real estate, buildings, equipment, and furniture.

Banks are financial institutions which provides products and services, including managing deposits, lending, wealth management, currency exchange, and investment banking. Their customers include individual consumers, businesses, and many other types of institutional clients.

When it comes to the world’s largest banks by total assets, China boast 4 companiesout of 10. The world’s biggest bank is the Industrial & Commercial Bank of China. Also banks from Japan, France, the U.K and the U.S. make it to top 10. US and France both boast two banks in the list.

Scroll through to see all Top 10 Biggest Banks In the World 2021.

10. Crédit Agricole :-

Crédit Agricole Group due to its historical ties to farming, is the world's largest cooperative financial institution. In 1990. Crédit Agricole is one of the leading cooperative companies in the world. It became an international full-service banking group. The bank was founded in 5 November 1894.

It consists of a network of Crédit Agricole local banks, the 39 Crédit Agricole regional banks, and a central institute, the Crédit Agricole S.A..
Crédit Agricole has a three-tier structure, comprising the local banks, the regional banks and Crédit Agricole S.A. and its subsidiaries. The local and regional banks are cooperative companies. Crédit Agricole S.A. is a société anonyme.

9. BNP Paribas :-

BNP Paribas S.A. is a French international banking group. BNP Paribas is the largest French banking group and the largest bank in the Eurozone. It was founded in 1848. It is the largest French banking group, the largest bank in Europe, and world's seventh largest bank by total assets. The bank was formed through the merger of Banque Nationale de Paris (BNP) and Paribas in 2000.

The company is involved in
ProductsAsset management, consumer banking, corporate banking, credit cards, investment banking, mortgage loans, private banking, wealth management.

BNP Paribas operates in 72 countries across five continents. It includes a retail banking section and investment banking operations, with its retail banking networks serving more than 30 million customers 

8. Bank of America :- 

The Bank of America Corporation is an American multinational investment bank and financial services holding company. It is Headquartered in Charlotte, North Carolina and New York.

It was founded by Amadeo Giannini (Bank America) and Hugh McColl (Nations Bank). Bank of America was formed by merger of Nations Bank and Bank America in 1998. It is the second largest banking institution in the United States, after JPMorgan Chase. Bank of America is one of the Big Four banks of the United States. Its primary financial services revolve around commercial banking, wealth management, and investment banking.

Bank of America has a $313.5 billion market capitalization, making it the 13th largest company in the world.
Bank of America is a member of the Global ATM Alliance. Bank of America generates 90% of its revenues in its domestic market. 

7. Mitsubishi UFJ Financial Group :-

Mitsubishi UFJ Financial Group, Inc. is a Japanese bank holding and financial services company. It is headquartered in Chiyoda, Tokyo, Japan.

MUFG holds assets of around US$2,459 billion. It is one of the "Three Great Houses" of the Mitsubishi Group alongside Mitsubishi Corporation and Mitsubishi Heavy Industries. It is Japan's largest financial group and the world's second largest bank holding company holding around US$1.8 trillion in deposits.

The company was formed by merger of Tokyo-based Mitsubishi Tokyo Financial Group (MTFG) and Osaka-based UFJ Holdings.

The company is involved in Personal Banking, Corporate banking, Investment banking, Investment management, Wealth Management, Mortgage, Credit cards.

6. HSBC :-

HSBC Holdings plc is a British multinational investment bank and financial services holding company. It is the second largest bank in Europe, with total assets of US$2.984 trillion.

HSBC traces its origin to a hong in British Hong Kong and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991.

The company is involved in Asset management, banking, commodities, credit cards, equities trading, insurance, investment banking, investment management, mortgage loans, mutual funds, private equity, risk management, wealth management.

HSBC is operated in 65 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, and around 38 million customers.
As of 2014, it was the world's sixth-largest public company, according to a composite measure by Forbes magazine. It is considered a systemically important bank by the Financial Stability Board.

5. Bank of China :-

The Bank of China is one of the four biggest state-owned commercial banks in China. Its headquarters are in Xicheng District, Beijing. Its headquarters are in Xicheng District, Beijing. It is the fifth-largest bank in the world in terms of total assets, with total assets of

It is the second-largest lender in China overall and ninth-largest bank in the world by market capitalization value. it is considered a systemically important bank by the Financial Stability Board.

It is operated in many countries but its operations outside China accounted for less than 4% of the activity of the bank by both profits and assets. Mainland China accounts for 60% of the bank by profits and 76% by assets.

4. JPMorgan Chase :-

JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company. It is headquartered in New York City. JPMorgan Chase is incorporated in Delaware. It is the forth-largest bank in the world in terms of total assets, with total assets of US$3.386 trillion.

It is one of America's Big Four banks, along with Bank of America, Citigroup, and Wells Fargo. It was founded in December 1, 2000; by John Pierpont Morgan (J.P. Morgan & Co.),
John Thompson (Chase National Bank),
Balthazar P. Melick (Chemical Bank),
Aaron Burr (The Manhattan Company).

It is involved in Asset management, banking, commodities, credit cards, equities trading, insurance, investment management, mortgage loans, mutual funds, private equity, risk management, wealth management

It is considered a systemically important bank by the Financial Stability Board.

3. Agricultural Bank of China :-

Agricultural Bank of China (ABC), also known as AgBank, is one of the "Big Four" banks in the People's Republic of China. It is headquartered in Dongcheng District, Beijing and It was founded in July 10, 1951. It is the third-largest bank in the world in terms of total assets, with total assets of $3.286 trillion.

The company is mainly involved in Finance and insurance, Consumer Banking, Corporate Banking, Investment banking, Investment management, Global Wealth Management, Private equity, Mortgages, Credit cards.

It is operated in mainland China, Hong Kong, London, Tokyo, New York, Frankfurt, Sydney, Seoul, and Singapore.

2. China Construction Bank :-

China Construction Bank Corporation (CCB) is one of the "big four" banks in the People's Republic of China. It is headquartered in Xicheng District, Beijing. It was founded in Beijing, China in 1 October 1954. It is the second-largest bank in the world in terms of total assets, with total assets of $3.375 trillion.

It is considered a systemically important bank by the Financial Stability Board. The company is involved in Finance and insurance, Consumer Banking, Corporate Banking, Investment banking, Investment management, Global Wealth Management,
Private equity, Mortgages, Credit cards.

The bank operated 13,629 domestic branches. It maintains overseas branches in Barcelona, Frankfurt, Luxembourg, Hong Kong, Johannesburg, New York City, Seoul, Singapore, Tokyo, Melbourne, Kuala Lumpur, Santiago de Chile, Sydney and Auckland, and a wholly-owned subsidiary in London.

1. Industrial and Commercial Bank of China Limited :-

Industrial and Commercial Bank of China Limited (ICBC) is a multinational Chinese banking company. It was founded in Beijing, China in 1984 and it is headquartered in Beijing China. It is the largest bank in the world in terms of total assets, with total assets of US $4027.44 billion.

The company is involved in insurance
Consumer banking, Corporate banking,
Investment banking, Investment management, Global wealth management, Private equity, Mortgage loans, Credit cards.

ICBC is a state-owned commercial bank. With capital provided by the Ministry of Finance of China.