15 Biggest Banks in the World

15 Biggest Banks in the World

15 Biggest Banks in the World– According to the Annual Report data from each company in 2020, there are the 15 Biggest Banks in the world. Of course, they are the kings of banking indutries in the world with revenues of up to billions of US dollars and assets of up to trillions of US dollars.

15 Biggest Banks in the World - Logo of Bank

So far, banks are part of financial institutions that have an important role in maintaining the stability of the world economy. They certainly play a role in absorbing excess funds from the community and can also channel credit to their users as capital for business activities and consumptive activities. So far, banks have been able to bridge the interests of people who have excess funds to those who lack funds. Nowadays, with the development of technologies, various banking products with various uniqueness are offered to consumers so that they have alternatives in managing finances.

From the time of Assyria and Babylonia until now with various technological advances that have occurred, there are some of the biggest banks in the world. These banks certainly have large assets and huge net income. From the financial report data / annual report in 2020, there are 15 Biggest Banks in the World in 2020. This data is obtained from the Annual Report of the Company in 2020.

Ranking 15 Biggest Banks in The World Based on Net Income / Profits Earned by Companies in 2020

Rank Name of CompanyRevenueRevenueNet IncomeNet Income
Origin Currency US Dollar Origin Currency US Dollar
1Industrial and Commercial Bank of China800 Billion RMB120 Billion US Dollar 317 Billion RMB47 Billion US Dollar
2China Construction Bank Corporation714 Billion RMB107 Billion US Dollar 273 Billion RMB41 Billion US Dollar
3Agricultural Bank of China659 Billion RMB98 Billion US Dollar 216 Billion RMB32 Billion US Dollar
4Bank of China567 Billion RMB 85 Billion US Dollar 205 Billion RMB30 Billion US Dollar
5J.P. Morgan Chase119 Billion US Dollar 119 Billion US Dollar29 Billion US Dollar 29 Billion US Dollar
6Bank of America (BAC)85 Billion US Dollar 85 Billion US Dollar 17 Billion US Dollar 17 Billion US Dollar
7Citigroup74.3 Billion US Dollar 74.3 Billion US Dollar 11 Billion US Dollar 11 Billion US Dollar
8Sumitomo Mitsui Banking Corporation2,768 Billion Yen 24 Billion US Dollar 1,085 Billion Yen 9.5 Billion US Dollar
9BNP Paribas44 Billion Euro 51 Billion US Dollar 7 Billion Euro 8.6 Billion US Dollar
10Mitsubishi UFJ Financial Group (Mitsubishi)3,997 Billion Yen 35.1 Billion US Dollar 777.0 Billion Yen 6.8 Billion US Dollar
11HSBC Holdings PLC63 Billion US Dollar 63 Billion US Dollar6 Billion US Dollar 6 Billion US Dollar
12Credit agricole33 Billion Euro 38 Billion US Dollar 5.1 Billion Euro 6 Billion US Dollar
13Mizuho Financial Group3,360 Billion Yen 29.5 Billion US Dollar 477 Billion yen 4.1 Billion US Dollar
14Wells Fargo72 Billion US Dollar 72 Billion US Dollar 3 Billion US Dollar 3 Billion US Dollar
15Japan Post Bank 1,799 Billion Yen15.8 Billion US Dollar 273 Billion Yen 2.4 Billion US Dollar
16Banco Santander 44 Billion Euro 51 Billion US Dollar (-7.7 Billion Euro )(-8.9 Billion US Dollar)
Source : Annual report, 2020
Origin Currency = Currency at the Annual Report
Currency Rate :
1 Renminbi (RMB)= 0.15 US Dollar (USD)
1 Japanese Yen (JPY) = 0.0088 US dollar (USD)
1 Euro = 1.16 US Dollar (USD)


As additional data, we also attach some additional data related to the company’s assets and debts in 2020. This data is taken from the Balance Sheet, from the 2020 Company Annual Report.

Ranking 15 of the Biggest Banks Based on Assets Owned by Companies in 2020

Rank Name of CompanyAssets Assets LiabilitiesLiabilities
Origin CurrencyBillion US DollarOrigin CurrencyBillion US Dollar
1Industrial and Commercial Bank of China33,345 Billion RMB5,00130,435 Billion RMB4,565
2China Construction Bank Corporation28,132 Billion RMB4,21925,742 Billion RMB3,861
3Agricultural Bank of China27,205 Billion RMB4,08024,994 Billion RMB3,749
4Bank of China24,402 Billion RMB 3,66022,239 Billion RMB 3,335
5J.P. Morgan Chase3,386 Billion US Dollar 3,3863,136 Billion US Dollar 3,136
6Mitsubishi UFJ Financial Group (Mitsubishi)359,473 Billion Yen 3,163341,757 Billion Yen 3,007
7HSBC Holdings PLC2,984 Billion US Dollar 29,842,779 Billion US Dollar 2,779
8BNP Paribas2,488 Billion Euro 2,8862,371 Billion Euro 2,750
9Bank of America (BAC)2,819 Billion US Dollar 2,8192,546 Billion US Dollar 2,546
10Citigroup2,260 Billion US Dollar 2,2602,059 Billion US Dollar 2,059
11Credit Agricole1,916 Billion Euro 2,2221,893 Billion Euro 2,195
12Wells Fargo1,955 Billion US Dollar 1,9551,769 Billion US Dollar 1,769
13Mizuho Financial Group225,586 Billion Yen 1,985216,224 Billion Yen 1,902
14Sumitomo Mitsui Banking Corporation219,863 Billion Yen 1,934209,078 Billion Yen 1,839
15Japan Post Bank 210,910 Billion Yen 1,856201,907 Billion Yen 1,776
16Banco Santander 1,508 Billionn Euro 1,7491,416 Billion Euro 1,642
Source : Annual report, 2020
Origin Currency = Currency at the Annual Report
Currency Rate :
1 Renminbi (RMB)= 0.15 US Dollar (USD)
1 Japanese Yen (JPY) = 0.0088 US dollar (USD)
1 Euro = 1.16 US Dollar (USD)


Brief Description of 15 Biggest Banks in the World


15 Biggest Banks in the World - Brief Description

1. Industrial and Commercial Bank of China (ICBC)

15 Biggest Banks in the World- ICBC

Industrial and Commercial Bank of China Ltd is a China-based Bank founded in Beijing in 1948. This Bank is owned by the Chinese Central Government with 70.82% of voting rights. In 2020, this bank has gotten the biggest revenue and Net income of the other banks in the world. Along with the development of this bank, ICBC listed its share in the Stock exchange. On 27 October 2006, the Bank had listed on the Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited. Financially, based on the annual report of ICBC in 2020, the revenue of this bank reached 800 billion RMB or equivalent with 120 billion US dollars, and net income reach 317 billion RMB or equivalent with 47 billion US dollars.


2. China Construction Bank Corporation (CCB)

15 Biggest Banks in the World - CCB

China Construction Bank Corporation (CCB) is another biggest bank in China and The World. Historically, it was founded in Beijing, China on 1 October 1954 and still has its main office in Beijing, China. Financially, in 2020, Based on a Published Annual report by the Company, the revenue of this bank reach 714 billion RMB or equivalent to 107 billion US dollars, and net income reach 273 billion RMB or equivalent to 41 billion US Dollars.


3. Agricultural Bank of China       

15 Biggest Banks in the World- ABC

Agricultural Bank of China (ABC), commonly known as AgBank is the next one from China. It was founded on July 10, 1951. Until now, this bank has had a main office in Beijing, China. Financially, based on the annual report of the Published company, the bank generated revenue until 659 billion RMB or equivalent with 98 billion US dollars, and net income reach 216 billion RMB or equivalent with 32 billion US Dollars.


4. Bank of China             

15 Biggest Banks in the World- Bank of China

Bank of China is the biggest and one of the oldest banks in China. Historically, it was founded in Beijing, China in 1912 by Chen Jintao. Financially, in 2020, this bank can generate revenue up to 567 billion RMB or equivalent with 85 billion US dollars and net income reach 205 billion RMB or equivalent with 30 billion US Dollars.


5. J.P. Morgan Chase      

15 Biggest Banks in the World- JP Morgan Chase

JP Morgan Chase & Co. is one of the biggest banks in the United States of America and the world. This is one of America’s Big Four banks, besides Bank of America, Wells Fargo, and Citigroup. Operationally, this bank has a main office in New York City, New York. Historically, the establishment of J.P. Morgan Chase is a merger from several financial institutions, namely Chase Manhattan Bank, J.P. Morgan & Co., Bank One, Bear Stearns, and Washington Mutual. In 2020, based annual report, the revenue of the company reaches 119 billion US dollars and net income reaches 29 billion US dollars.


6. Bank of America (BAC)

15 Biggest Banks in the World- Bank of America

The Bank of America Corporation, simply known as Bank of America. in 1998, the bank of America is formed as the merger between BankAmerica and NationsBank. Operationally, this bank has 2 main offices Charlotte, North Carolina, U.S. (Corporate), and New York (Investment banking). Financially, based on the annual report in 2020, the revenue of the company reaches 85 billion US Dollar and net income reach 17 billion US Dollar.      


7. Citigroup        

15 Biggest Banks in the World- Citi

Citigroup Inc. or Citi is one of the biggest big four banks in the United States of America.  Historically, this bank was formed on October 8, 1998, as the merger of Citicorp and Travelers Group to create the world’s largest financial services. Financially, in 2020, the company’s revenue reach 74.3 billion US Dollars with net income reaching 11 billion US dollars.  


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8. Sumitomo Mitsui Banking Corporation             

15 Biggest Banks in the World- SMBC

Sumitomo Mitsui Banking Corporation Group (SMBC Group). Operationally, this company has a main office in Yurakucho, Chiyoda, Tokyo, Japan. Historically, the establishment of this bank is the merger of The Sumitomo Bank and Sakura Bank in April 2001. Financially, in 2020, based on the annual report, the Japanese-based Bank has revenue up to 2,768 billion Yen or equivalent with 24 billion US Dollar and net income reach 1,085 billion Yen or equivalent to 9.5 billion US Dollar.  


9. BNP Paribas   

15 Biggest Banks in the World- BNP Paribas

BNP Paribas S.A. is one of the biggest banks in Europe from France. Historically, this bank was formed as the merger of Banque Nationale de Paris S.A. (BNP) and The Banque de Paris et des Pays-Bas S.A. (Bank of Paris and the Netherlands), or Paribas in May 2000. Until now, the company has a main office in Boulevard des Italiens, Paris, France. Financially, based on the annual report of the company, the company’s revenue reaches 44 billion Euro equivalent with 51 billion US Dollar with net income reaches 7 billion Euro or equivalent with 8.6 billion US Dollar.


10. Mitsubishi UFJ Financial Group (Mitsubishi) 

15 Biggest Banks in the World- MUFG

Mitsubishi UFJ Financial Group is one of the biggest from Japan. Historically, this bank was formed by the merger of UFJ Holdings with the Mitsubishi Tokyo Financial Group in 2005. Operationally, this bank has a main office in Yurakucho, Chiyoda, Tokyo, Japan. Financially, the bank has generated revenue up to 3,997 billion Yen or equivalent with 35.1 billion US Dollar with net income reach 777.0 billion Yen or equivalent with 6.8 billion US Dollar.


11. HSBC Holdings PLC  

15 Biggest Banks in the World- HSBC

This Bank is another biggest bank from the European continent. This bank has a main office in 8 Canada Square, London, England, UK. Based on the annual report in 2020, the company’s revenue reach 63 billion US Dollars with net income reaching 6 billion US dollars.


12. Credit Agricole         

Credit Agricole is one of the oldest banks in France.  Operationally, this bank has its main office in Montrouge, France, and was founded on 5 November 1894. Financially, in 2020, this bank has revenue up to 33 billion Euro or equivalent with 38 billion US Dollar and net income reach 5.1 billion Euro or equivalent with 6 billion US Dollar.  


13. Mizuho Financial Group       

15 Biggest Banks in the World- Mizuho

Mizuho Financial Group, Inc. is another biggest bank in Japan. Historically, it was founded by the merger of Dai-Ichi Kangyo Bank, Fuji Bank, and the Industrial Bank of Japan in 2000. Operationally, this bank has a main office in Marunouchi, Chiyoda, Tokyo, Japan. Financially, in 2020, this bank has a positive performance of its business. Based on the annual report in 2020, the company generated revenue of 3,360 billion Yen or equivalent with 29.5 billion US dollars, and net income reach 477 billion yen or equivalent to 4.1 billion US dollars.


14. Wells Fargo

15 Biggest Banks in the World- Wells Fargo

Wells Fargo & Company is an American-based Bank founded by Henry Wells and William Fargo. This bank has its main office in San Francisco, California, U.S., and New York. Financially, this bank generates revenue of 72 billion US Dollar and net income reach 3 billion US Dollar.  


15. Japan Post Bank        

15 Biggest Banks in the World- Japan Post Bank

Japan Post Bank Co., Ltd has its main office in Chiyoda, Tokyo, Japan. Financially, the company can generate revenue of 1,799 billion Yen or equivalent with 15.8 billion US Dollars and net income reaches 273 billion Yen or equivalent with 2.4 billion US Dollar.


16. Banco Santander     

15 Biggest Banks in the World- Banco santander

Banco Santander, S.A was founded on 15 May 1857. This Spanish Bank has a main office in Santander and Boadilla del Monte, Madrid. Financially, based on the annual report in 2020, the company generated revenue of 44 billion Euro or equivalent with 51 billion US Dollar but has net losses of (-7.7 Billion Euro) or equivalent with (-8.9 Billion US Dollar).



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Bibliography of 15 Biggest Banks in the World

Industrial and Commercial Bank of China. 2021. Annual Report 2020. Accessed via http://www.icbc-ltd.com/ICBCLtd/Investor%20Relations/Financial%20Information/Financial%20Reports/  in October 2021

China Construction Bank Corporation. 2021. Annual Report 2020. Accessed via http://www.ccb.com/en/investorv3/annualreports/annals.html?ptId=6&ctId=1  in October 2021

Agricultural Bank of China. 2021. Annual Report 2020. Accessed via http://www.abchina.com/en/investor-relations/performance-reports/annual-reports/  in October 2021

Bank of China. 2021. Annual Report 2020. Accessed via https://www.boc.cn/en/investor/ir3/202103/t20210330_19206075.html  in October 2021

J.P. Morgan Chase. 2021. Annual Report 2020. Accessed via https://www.jpmorganchase.com/ir  in October 2021

Bank of America (BAC). 2021. Annual Report 2020. Accessed via https://investor.bankofamerica.com/annual-reports-and-proxy-statements  in October 2021

Citigroup. 2021. Annual Report 2020. Accessed via https://www.citigroup.com/citi/investor/annual-reports.html  in October 2021

Sumitomo Mitsui Banking Corporation. 2021. Annual Report 2020. Accessed via https://www.smfg.co.jp/english/gr2020/    in October 2021

BNP Paribas. 2021. Annual Report 2020. Accessed via https://invest.bnpparibas/en/search/reports/documents/financial-reports  in October 2021

Mitsubishi UFJ Financial Group (Mitsubishi). 2021. Annual Report 2020. Accessed via https://www.mufg.jp/english/ir/report/annual_report/backnumber/index.html   in October 2021

HSBC Holdings PLC. 2021. Annual Report 2020. Accessed via https://www.hsbc.com/investors/results-and-announcements/annual-report  in October 2021

Credit Agricole. 2021. Annual Report 2020. Accessed via https://www.ca-cib.com/pressroom/news/results-fourth-quarter-and-full-year-2020  in October 2021

Mizuho Financial Group. 2021. Annual Report 2020. Accessed via https://www.mizuhogroup.com/investors/financial-information/financial-statements  in October 2021

Wells Fargo. 2021. Annual Report 2020. Accessed via https://www.wellsfargo.com/about/investor-relations/  in October 2021

Japan Post Bank. 2021. Annual Report 2020. Accessed via https://www.jp-bank.japanpost.jp/en/ir/financial/en_ir_fnc_annualreport2020.html  in October 2021

Banco Santander. 2021. Annual Report 2020. Accessed via https://www.santander.com/en/shareholders-and-investors/financial-and-economic-information/annual-report  in October 2021

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