Top 10 Banks in the World 2022

Last updated on September 7th, 2022 at 12:53 pm

Here you can see the List of Top 10 Banks in the world by Revenue in the recent year. Most of Big banks are from the country china followed by United states.

5 of the top 10 banks in the world is from china. ICBC is the biggest and the largest banks in the world.

List of Top 10 Banks in the World 2020

So here is the List of Top 10 Banks in the world in the year which are sorted out based on Revenue

1. Industrial & Commercial Bank of China

Industrial and Commercial Bank of China was established on 1 January 1984. On 28 October 2005, the Bank was wholly restructured to a joint-stock limited company. On 27 October 2006, the Bank was successfully listed on both Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited.

Through its continuous endeavor and stable development, the Bank has developed into the leading bank in the world, possessing an excellent customer base, a diversified business structure, strong innovation capabilities and market competitiveness.

  • Revenue: $135 Billion
  • Established: 1984
  • Customers: 650 Million

The Bank regards service as the very foundation to seek further development and adheres to creating value through services while providing a comprehensive range of financial products and services to 8,098 thousand corporate customers and 650 million personal customers.

The Bank has been consciously integrating the social responsibilities with its development strategy and operation and management activities, and gaining wide recognition in the aspects of promoting inclusive finance, supporting targeted poverty relief, protecting environment and resources and participating in public welfare undertakings.

The Bank always keeps in mind its underlying mission of serving the real economy with its principal business, and along with the real economy it prospers, suffers and grows. Taking a risk-based approach and never overstepping the bottom line, it constantly enhances its capability of controlling and mitigating risks.

Besides, the Bank remains steadfast in understanding and following the business rules of commercial banks to strive to be a century-old bank. It also stays committed to seeking progress with innovation while maintaining stability, continuously enhances the strategy of mega retail, mega asset management, mega investment banking as well as international and comprehensive development, and actively embraces the internet. The Bank unswervingly delivers specialized services, and pioneers a specialized business model, thus making it “a craftsman in large banking”.

The Bank was ranked the 1st place among the Top 1000 World Banks by The Banker, ranked 1st place in the Global 2000 listed by Forbes and topped the sub-list of commercial banks of the Global 500 in Fortune for the seventh consecutive year, and took the 1st place among the Top 500 Banking Brands of Brand Finance for the fourth consecutive year.

2. JPMorgan Chase

JPMorgan Chase (NYSE: JPM) is one of the oldest financial institutions in the United States. With a history dating back over 200 years. JP Morgan Chase is 2nd largest and biggest banks in the world based on the Revenue.

The firm is built on the foundation of more than 1,200 predecessor institutions that have come together through the years to form today’s company.

  • Revenue: $116 Billion
  • Established: 1799

The bank trace roots to 1799 in New York City, and our many well-known heritage firms include J.P. Morgan & Co., The Chase Manhattan Bank, Bank One, Manufacturers Hanover Trust Co., Chemical Bank, The First National Bank of Chicago, National Bank of Detroit, The Bear Stearns Companies Inc.,

Robert Fleming Holdings, Cazenove Group and the business acquired in the Washington Mutual transaction. Each of these firms, in its time, was closely tied to innovations in finance and the growth of the U.S. and global economies.

3. China Construction Bank Corporation

China Construction Bank Corporation, headquartered in Beijing, is a leading large-scale commercial bank in China. Its predecessor, China Construction Bank, was established in October 1954. It was listed on Hong Kong Stock Exchange in October 2005 (stock code: 939) and the Shanghai Stock Exchange in September 2007(stock code: 601939).

Read More  List of Top 20 Banks in China 2022

At the end of 2019, the Bank’s market capitalisation reached US$217,686 million, ranking fifth among all listed banks in the world. The Group ranks second among global banks by Tier 1 capital.

  • Revenue: $92 Billion
  • Banking Outlet: 14,912
  • Established: 1954

The Bank provides customers with comprehensive financial services, including personal banking, corporate banking, investment and wealth management. With 14,912 banking outlets and 347,156 staff members, the Bank serves hundreds of millions of personal and corporate customers.

The Bank has subsidiaries in various sectors, including fund management, financial leasing, trust, insurance, futures, pension and investment banking, and has more than 200 overseas entities covering 30 countries and regions.

Adhering to the “market-oriented, customer-centric” business concept, the Bank is committed to developing itself into a world class banking group with top value creation capability.

The Bank strives to achieve the balance between short-term and long-term benefits, and between business goals and social responsibilities, so as to maximise the value for its stakeholders including customers, shareholders, associates and society.

4. Bank of America

“Bank of America” is the marketing name for the global banking and global markets business of Bank of America Corporation. BOA is among the list of Top 10 largest banks in the world.

Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC.

  • Revenue: $91 Billion

Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation (“Investment Banking Affiliates”), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities.

BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA.

Company goals are aspirational and not guarantees or promises that all goals will be met. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards.

5. Agricultural Bank of China

The predecessor of the Bank is Agricultural Cooperative Bank, established in 1951. Since the late 1970s, the Bank has evolved from a state-owned specialized bank to a wholly state-owned commercial bank and subsequently a state-controlled commercial bank.

The Bank was restructured into a joint stock limited liability company in January 2009. In July 2010, the Bank was listed on both the Shanghai Stock Exchange and the Hong Kong Stock Exchange, which marked the completion of our transformation into a public shareholding commercial bank.

As one of the major integrated financial service providers in China, the Bank is committed to building a multi-functional and integrated modern financial service group. Capitalizing on its comprehensive business portfolio, extensive distribution network and advanced IT platform, the Bank provides a range of corporate and retail banking products and services for a broad range of customers and conducts treasury operations and asset management.

  • Revenue: $88 Billion
  • Domestic Branch: 23,670
  • Established: 1951

The bank business scope also includes, among other things, investment banking, fund management, financial leasing and life insurance. At the end of 2015, the Bank had total assets of RMB17,791,393 million, loans and advances to customers of RMB8,909,918 million and deposits of RMB13,538,360 million. The Bank capital adequacy ratio was 13.40%.

The Bank achieved a net profit of RMB180, 774 million in 2015. The Bank had 23,670 domestic branch outlets at the end of 2015, including the Head Office, the Business Department of the Head Office, three specialized business units managed by the Head Office, 37 tier-1 branches (including branches directly managed by the Head Office), 362 tier-2 branches (including business departments of branches in provinces), 3,513 tier-1 sub-branches(including business departments in municipalities, business departments of branches directly managed by the Head Office and business departments of tier-2 branches), 19,698 foundation-level branch outlets, and 55 other establishments.

Read More  List of Top 20 Banks in China 2022

The bank overseas branch outlets consisted of nine overseas branches and three overseas representative offices. The Bank had fourteen major subsidiaries, including nine domestic subsidiaries and five overseas subsidiaries.

The Bank was included in the list of Global Systemically Important Banks for two consecutive years since 2014. In 2015, the Bank ranked No. 36 in Fortune’s Global 500, and ranked No. 6 in The Banker’s “Top 1000 World Banks” list in terms of tier 1 capital.

The Bank’s issuer credit ratings were assigned A/A-1 by Standard & Poor’s; the Bank’s deposits ratings were assigned A1/P-1 by Moody’s Investors Service; and the long-/short-term issuer default ratings were assigned A/F1 by Fitch Ratings.

6. Bank of China

Bank of China is the Bank with the longest continuous operation among Chinese banks. The Bank was formally established in February 1912 following the approval of Dr. Sun Yat-sen.

From 1912 to 1949, the Bank served consecutively as the country’s central bank, international exchange bank and specialised international trade bank. Fulfilling its commitment to serving the public and developing China’s financial services sector, the Bank rose to a leading position in the Chinese financial industry and developed a good standing in the international financial community, despite many hardships and setbacks.

After 1949, drawing on its long history as the state-designated specialised foreign exchange and trade bank, the Bank became responsible for managing China’s foreign exchange operations and provided vital support to the nation’s foreign trade development and economic infrastructure through its offering of international trade settlement, overseas fund transfer and other non-trade foreign exchange services.

During China’s reform and opening up period, the Bank seized the historic opportunity presented by the government’s strategy of capitalising on foreign funds and advanced technologies to boost economic development, and became the country’s key foreign financing channel by building up its competitive advantages in foreign exchange business.

  • Revenue: $73 Billion
  • Established: 1912

In 1994, the Bank was transformed into a wholly state-owned commercial bank. In August 2004, Bank of China Limited was incorporated. The Bank was listed on the Hong Kong Stock Exchange and the Shanghai Stock Exchange in June and July 2006 respectively, becoming the first Chinese commercial bank to launch an A-Share and H-Share initial public offering and achieve a dual listing in both markets.

Having served the Beijing 2008 Olympic Games, the Bank became the official banking partner of the Beijing 2022 Olympic and Paralympic Winter Games in 2017, thus making it the only bank in China to serve two Olympic Games. In 2018, Bank of China was again designated as a Global Systemically Important Bank, thus becoming the sole financial institution from an emerging economy to be designated as a Global Systemically Important Bank for eight consecutive years.

As China’s most globalised and integrated bank, Bank of China has a well-established global service network with institutions set up across the Chinese mainland as well as in 57 countries and regions.

It has established an integrated service platform based on the pillars of its corporate banking, personal banking, financial markets and other commercial banking business, which covers investment banking, direct investment, securities, insurance, funds, aircraft leasing and other areas, thus providing its customers with a comprehensive range of financial services. In addition, BOCHK and the Macau Branch serve as local note-issuing banks in their respective markets.

Bank of China has upheld the spirit of “pursuing excellence” throughout its history of over one century. With adoration of the nation in its soul, integrity as its backbone, reform and innovation as its path forward and “people first” as its guiding principle, the Bank has built up an excellent brand image that is widely recognised within the industry and by its customers.

Read More  List of Top 20 Banks in China 2022

In face of the period of historic opportunities for great achievements, as a large state-owned commercial bank, the Bank will follow Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, persistently enable advancement through technology, drive development through innovation, deliver performance through transformation and enhance strength through reform, in an effort to build BOC into a world-class bank in the new era.

It will make a greater contribution to developing a modernised economy and to the efforts to realise the Chinese Dream of national rejuvenation and the aspirations of the people to live a better life.

7. HSBC Holdings

HSBC is one of the world’s largest banking and financial services organisations. We serve more than 40 million customers through our global businesses: Wealth and Personal Banking, Commercial Banking, and Global Banking & Markets. Our network covers 64 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.

  • Revenue: $56 Billion
  • Customers: 40 Million

The company aim to be where the growth is, connecting customers to opportunities, enabling businesses to thrive and economies to prosper, and ultimately helping people to fulfil their hopes and realise their ambitions. The Brand is among the list of top 10 Best banks in the world.

Listed on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by around 197,000 shareholders in 130 countries and territories.

8. BNP Paribas

BNP Paribas integrated and diversified business model is based on cooperation among the Group’s businesses and diversification of risks. This model provides the Group with the necessary stability to adapt to change and to offer clients innovative solutions. The Group serves nearly 33 million clients worldwide in its retail-banking networks and BNP Paribas Personal Finance has more than 27 million active customers.

  • Revenue: $49 Billion
  • Customers: 33 Million

With our global reach, our coordinated business lines and proven expertise, the Group provides a full range of innovative solutions adapted to client needs. These include payments, cash management, traditional and specialised financing, savings, protection insurance, wealth and asset management as well as real-estate services. 

In the area of corporate and institutional banking, the Group offers clients bespoke solutions to the capital markets, securities services, financing, treasury and financial advisory. With a presence in 72 countries, BNP Paribas helps clients to grow internationally.

9. Mitsubishi UFJ Financial Group

The Company shall be called “Kabushiki Kaisha Mitsubishi UFJ Financial Group” and
shall be called in English “Mitsubishi UFJ Financial Group, Inc.” (hereinafter referred to as the “Company”).

  • Revenue: $42 Billion

MUFG manages the affairs of its subsidiaries within the group and the business of the group as a whole along with all relevant ancillary business. The bank is among the list of top 10 best banks in the world.

10. Crédit Agricole Group

Crédit Agricole SA is making a wealth of historical documentation available to academic researchers. Its historical archives come from all of the entities that now make up the Group: Caisse Nationale de Crédit Agricole, Banque de l’Indochine, Banque de Suez et de l’Union des mines, Crédit Lyonnais, and more.

  • Revenue: $34 Billion

Crédit Agricole SA’s Historical Archives are open by appointment only, at 72-74 rue Gabriel Péri in Montrouge (Metro line 4, Mairie de Montrouge station). CAG is among the list top 10 biggest banks in the World based on the Turnover.

So finally these are the list of Top 10 Biggest banks in the world based on the Revenue.

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