15 World's Largest Bank in 202215 World's Largest Bank in 2022

15 largest banks in the world of 2022-According to the Annual Report data from each bank in 2022, there are 15 Largest banks in the world. Of course, they are the big bank in the world with billion US. Dollar of revenues and income annually. The assets of these bank spread over in many countries.

So far, in monetary system, banks are financial institutions which has significant role in maintaining the stability of the world economy. Functionally, this institution plays a role in absorbing excess funds from the community and give the funds to their users/ customers as capital loans for business activities and consumptive activities. So far, banks can be the bridge between the interests of people who have excess funds and people who need money. In addition, various banking products with various uniqueness are offered to consumers so that they have alternatives in managing finances.

List of 15 World's Largest Bank in 2022

Historically, since the time of Assyria and Babylonia era until now followed 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 of net income. From the financial report data / annual report in 2022, there are 15 Largest Banks in the World in 2022. This data came from the Annual Report / Annual Report of the Company in 2022.

The Rank of Bank is based on the financial positions and business performance. The rank of financial position can be observed from balance sheet of company. Meanwhile, the business performance of the company can be observed based on the income statement of the company.

The Rank 15 largest banks in the world based on Financial Position

RankName of CompanyAssets Assets LiabilitiesLiabilities
Origin Currency US DollarOrigin Currency US Dollar
1Industrial and Commercial Bank of China39,609 Billion RMB5,941 Billion US Dollar36,095 Billion RMB5,414 Billion US Dollar
2China Construction Bank Corporation34,601 Billion RMB5,190 Billion US Dollar31,723 Billion RMB4,758 Billion US Dollar
3Agricultural Bank of China33,927 Billion RMB5,089 Billion US Dollar31,253 Billion RMB4,687 Billion US Dollar
4Bank of China28,913 Billion RMB4,336 Billion US Dollar26,346 Billion RMB3,951 Billion US Dollar
5J.P. Morgan Chase3,665 Billion US Dollar 3,665 Billion US Dollar 3,373 Billion US Dolllar3,373 Billion US Dolllar
6Bank of America (BAC)3,051 Billion US Dollar 3,051 Billion US Dollar 2,778 Billion US Dollar 2,778 Billion US Dollar
7HSBC Holdings PLC2,966 Billion US Dollar 2,966 Billion US Dollar 2,770 Billion US Dollar 2,770 Billion US Dollar
8Mitsubishi UFJ Financial Group (Mitsubishi)381,735 Billion Yen 2,786 Billion US Dollar365,269 Billion Yen 2,666 Billion US Dollar
9BNP Paribas2,666 Billion Euro 2,666 Billion US Dollar2,539 Billion Euro 2,539 Billion US Dollar
10Citigroup2,416 Billion US Dollar 2,416 Billion US Dollar 2,215 Billion US Dollar 2,215 Billion US Dollar
11Wells Fargo1,881 Billion US Dollar 1,881 Billion US Dollar 1,699 Billion US Dollar 1,699 Billion US Dollar
12Sumitomo Mitsui Banking Corporation252,567 Billion Yen 1,843 Billion US Dollar242,832 Billion Yen 1,772 Billion US Dollar
13Mizuho Financial Group254,258 Billion Yen 1,856 Billion US Dollar245,049 Billion Yen 1,788 Billion US Dollar
14Banco Santander 1,734 Billion Euro 1,734 Billion US Dollar1,637 Billion Euro 1,637 Billion US Dollar
15Japan Post Bank 229,582 Billion Yen 1,675 Billion US Dollar219,931 Billion Yen 1,605 Billion US Dollar
Source : Annual report, 2022
Description :
Origin Currency : Currency officially Used in Annual Report 2021
US Dollar = Currency from Origin Currency has been Converted into US Dollar
Currency Rate :
1 Renminbi (RMB)= 0.15 US Dollar (USD)
1 Japanese Yen (JPY) = 0.0073 US dollar (USD)
1 Euro = 1 US Dollar (USD)

These data about the assets and liabilities above was obtained from the balance sheet of the annual report in 2022. The assets describe all physical and non-physical assets which the company has owned. Furthermore, Liabilities is about the obligation or financial debts that company must pay back in the futures. Its components include current liabilities and non-current liabilities. Company with bigger assets than liabilities commonly in good conditions to do business. They have huge of resource to do business without thinking about obligation to pay the debts.

The Rank 15 Largest Banks in The World based on Business Performance

RankName of CompanyRevenueRevenueNet IncomeNet Income
Origin Currency US DollarOrigin Currency US Dollar
1Industrial and Commercial Bank of China841 Billion RMB126 Billion US Dollar361 Billion RMB54 Billion US Dollar
2China Construction Bank Corporation758 Billion RMB113.7 Billion US Dollar323 Billion RMB48 Billion US Dollar
3Agricultural Bank of China725 Billion RMB108 Billion US Dollar258 Billion RMB38 Billion US Dollar
4J.P. Morgan Chase128 Billion US Dollar128 Billion US Dollar37 Billion US Dollar 37 Billion US Dollar
5Bank of China619 Billion RMB92 Billion US Dollar237 Billion RMB35 Billion US Dollar
6Bank of America (BAC)94.9 Billion US Dollar 94.9 Billion US Dollar 27.5 Billion US dollar 27.5 Billion US dollar
7HSBC Holdings PLC61.5 Billion US Dollar 61.5 Billion US Dollar 16.6 Billion US Dollar 16.6 Billion US Dollar
8Citigroup75.3 Billion US Dollar 75.3 Billion US Dollar 14.8 Billion US Dollar 14.8 Billion US Dollar
9Wells Fargo73.7 Billion US Dollar 73.7 Billion US Dollar 13.1 Billion US Dollar13.1 Billion US Dollar
10Banco Santander 52.1 Billion Euro 52.1 Billion US Dollar10.7 Billion Euro 10.7 Billion US Dollar
11BNP Paribas47.6 Billion Euro 47.6 Billion US Dollar10.5 Billion Euro 10.5 Billion US Dollar
12Sumitomo Mitsui Banking Corporation4,911 Billion Yen35 Billion US Dollar807 Billion Yen 5.8 Billion US Dollar
13Mitsubishi UFJ Financial Group (Mitsubishi)4,611 Billion Yen 33.6 Billion US Dollar656 Billion Yen 4.7 Billion US Dollar
14Mizuho Financial Group5,778 Billion Yen 42 Billion US Dollar560 Billion Yen 4 Billion US Dollar
15Japan Post Bank 2,064 Billion Yen 15 Billion US Dollar325 Billion Yen 2.3 Billion US Dollar
Source : Annual report, 2022
Description :
Origin Currency : Currency officially Used in Annual Report 2021
US Dollar = Currency from Origin Currency has been Converted into US Dollar
Currency Rate :
1 Renminbi (RMB)= 0.15 US Dollar (USD)
1 Japanese Yen (JPY) = 0.0073 US dollar (USD)
1 Euro = 1 US Dollar (USD)

The data above about revenue and income came from Income statement of company. The revenue and income/loss that company was earned in specific time reflects the efficiency and effective of company in doing the business. The consistent of company in reaping the profit can be the indicators that companies has stability in doing business.

Brief Description of 15 largest banks in the world of 2022

1.Industrial and Commercial Bank of China

 15 World's Largest Bank in 2022- ICBC

Industrial and Commercial Bank of China Ltd is China-based Bank found in Beijing in 1948. This Bank owned by Chinese Central Government with 70.82% of stake ownership. In 2022, this bank has gotten the biggest revenue and Net income than the other banks in the world. On 27 October 2006, the Bank was successfully listed on Shanghai Stock Exchange and The Stock Exchange of Hong Kong Limited. Financially, based on the annual report of ICBC in 2022, the bank has assets around 39,609 billion RMB/ 5,941 billion US Dollar and liabilities around 36,095 billion RMB/ 5,414 billion US Dollar. Based on the business performance in 2022, the company gained the revenue 841 billion RMB/ 126 billion US Dollar and successfully reaped net Income 361 billion RMB/ 54 billion US Dollar.

2.J.P. Morgan Chase  

 15 World's Largest Bank in 2022- JP Morgan Chase

JPMorgan Chase & Co. become one of the biggest banks in 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 primary office in New York City, New York. Historically, the establishment of J.P. Morgan Chase is the merger from several financial institution, namely Chase Manhattan Bank, J.P. Morgan & Co., Bank One, Bear Stearns and Washington Mutual. In 2022, based annual report, the company has assets around 3,665 billion US Dollar and liabilities around 3,373 billion US Dollar. Based on the business performance in 2022, this bank gained revenue of 128 billion US Dollar and Net Income around 37 billion US Dollar.

3.China Construction Bank Corporation

 15 World's Largest Bank in 2022-  China Construction Bank

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 primary office in Beijing, China. Financially, in 2022, Based on Published Annual report by the Company, the company has assets around 34,601 billion RMB/ 5,190 billion US Dollar and liabilities around 31,723 billion RMB/ 4,758 billion US Dollar. Based on the business performance in 2022, the company gained the revenue around 758 billion RMB/ 113.7 billion US Dollar and reaped the net Income 323 billion RMB/ 48 billion US Dollar.

4.Agricultural Bank of China 

 15 World's Largest Bank in 2022-  Agricultural Bank of China

Agricultural Bank of China (ABC), commonly known as AgBank, is one of the biggest banks from China. It was founded on July 10, 1951. Until now, this bank has primary office in Beijing, China. Financially, based on the annual report of Published company in 2022, the company has assets around 33,927 billion RMB/ 5,089 billion US Dollar with liabilities around liabilities 31,253 billion RMB/ 4,687 billion US Dollar. Based on the business performance in 2022, the company gained the revenue around 725 billion RMB/ 108 billion US Dollar and net income around 258 billion RMB/ 38 billion US Dollar.

5.Bank of China           

 15 World's Largest Bank in 2022-  Bank of China

Bank of China is one of the oldest and biggest banks in China. Historically, it was founded in Beijing, China in 1912 by Chen Jintao. Financially, the company has assets 28,913 billion RMB/ 4,336 billion US Dollar and liabilities around 26,346 billion RMB/ 3,951 billion US Dollar. Based on the business performance in 2022, the company gained revenue 619 billion RMB/ 92 billion US Dollar and net income around 237 billion RMB/ 35 billion US Dollar.

6.Bank of America

 15 World's Largest Bank in 2022-  Bank of America

The Bank of America Corporation, simply known as Bank of America. in 1998, bank of America is formed as the merger between Bank America and Nations Bank. Operationally, this bank has two primary office Charlotte, North Carolina, U.S. (Corporate) and New York (Investment banking). Based on the financial position on Balance sheet in 2022, the company has assets around 3,051 billion US Dollar and liabilities around 2,778 billion US Dollar. Meanwhile, in 2022, the bank gained positive performance with gaining revenue 94.9 billion US Dollar and net Income around 27.5 billion US dollar.

7.Citigroup      

 15 World's Largest Bank in 2022-  CitiBank

Citigroup Inc. or Citi is one of biggest big four bank 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. Based on the financial position on balance sheet in 2021, this bank has assets around 2,416 billion US Dollar and liabilities around 2,215 billion US Dollar. Based on the business performance in 2022, the company gained revenue around 75.3 billion US Dollar and Net Income around 14.8 billion US Dollar.

8.Wells Fargo 

 15 World's Largest Bank in 2022-  Wells Fargo

Wells Fargo & Company is American-based Bank founded Henry Wells and William Fargo. This bank has central office in San Francisco, California, U.S., and New York. Financially, based on annual report 2021, the company has assets around 1,881 billion US Dollar and liabilities 1,699 billion US Dollar. Based on the business performance in 2022, the company has revenue around 73.7 billion US Dollar and net Income around 13.1 billion US Dollar.

9.HSBC Holdings PLC 

 15 World's Largest Bank in 2022- HSBC

This Bank is another biggest bank from Europe continent. This bank has primary office in  Canada Square, London, England, UK. This company has assets around 2,966 billion US Dollar and liabilities around 2,770 billion US Dollar. Based on the business performance in 2022, the company gained the revenue around 61.5 billion US Dollar and net income around 16.6 billion US Dollar.    

      

10.BNP Paribas            

 15 World's Largest Bank in 2022-  BNP Paribass

BNP Paribas S.A. is one of the biggest banks in the 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 on May 2000. Until now, the company has central office in Boulevard des Italiens, Paris, France. Financially, based on the financial position on 2022, the company has assets 2,666 billion Euro / 2,666 billion US Dollar   and liabilities around 2,539 billion Euro / 2,539 billion US Dollar. In terms of business performance in 2022, the company gained the revenue around 47.6 billion Euro / 47.6 billion US Dollar and net income around Net Income 10.5 billion Euro / 10.5 billion US Dollar.

11.Banco Santander  

 15 World's Largest Bank in 2022- Banco Santander

Banco Santander, S.A was founded on 15 May 1857. This Spanish Bank has primary office in Santander and Boadilla del Monte, Madrid. Financially, in 2022, the bank has assets around 1,734 billion Euro / 1,734 billion US Dollar and liabilities around 1,637 billion Euro / 1,637 billion US Dollar. Based on the business performance in 2022, the company gained the revenue around 52.1 billion Euro /52.1 billion US Dollar and Net Income around 10.7 billion Euro / 10.7 billion US Dollar.

12.Sumitomo Mitsui Banking Corporation  

 15 World's Largest Bank in 2022- SMFG

Sumitomo Mitsui Banking Corporation Group (SMBC Group). Operationally, this company has central office in in Yurakucho, Chiyoda, Tokyo, Japan. Historically, the establishment of the bank because of was the merger between The Sumitomo Bank and Sakura Bank in April 2001. Based on the financial position in 2022, the company has assets around 252,567 billion Yen / 1,843 billion US Dollar and liabilities around Liabilities 242,832 billion Yen / 1,772 billion US Dollar. Based on the business performance in 2022, the company gained the revenue around 4,911 billion Yen / 35 billion US Dollar  and net income around 807 billion Yen / 5.8 billion US Dollar.

13.Mizuho Financial Group   

 15 World's Largest Bank in 2022- Mizuho

Mizuho Financial Group, Inc. in another biggest bank from 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 primary office in Marunouchi, Chiyoda, Tokyo, Japan. Financially, in 2022, the company has assets around 254,258 billion Yen / 1,856 billion US Dollar and Liabilities around 245,049 billion Yen / 1,788 billion US Dollar. Based on the business performance in 2022, the company successfully gained the revenue 5,778 billion Yen / 42 billion US Dollar and Net Income around 560 billion Yen / 4 billion US Dollar.

14.Mitsubishi UFJ Financial Group   

 15 World's Largest Bank in 2022- 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 central office in Yurakucho, Chiyoda, Tokyo, Japan. Based on financial position in 2021, the company has assets around 381,735 billion Yen / 2,786 billion US Dollar   and liabilities around 365,269 billion Yen / 2,666 billion US Dollar. Based on the business performance in 2022, the company generated revenue 4,611 billion Yen / 33.6 billion US Dollar and net income 656 billion Yen / 4.7 billion US Dollar.

15.Japan Post Bank

 15 World's Largest Bank in 2022- Japan Post Bank

Japan Post Bank Co., Ltd has primary office in Chiyoda, Tokyo, Japan. Financially, the company has assets around 229,582 billion Yen / 1,675 billion US Dollar and liabilities around 219,931 billion Yen / 1,605 billion US Dollar. Based on the business performance in 2022, the company gained revenue around 2,046 billion Yen / 15 billion US Dollar or net income around 325 billion Yen / 2.3 billion US Dollar.


The Summary of World’s Largest Bank in 2022


 15 World's Largest Bank in 2022 Based on Assets

 15 World's Largest Bank in 2022- Based on Net Income


Bibliography of 15 World’s Biggest Bank in 2022

Industrial and Commercial Bank of China. 2023. Annual Report 2022. Accessed via http://www.icbc-ltd.com/ICBCLtd/Investor%20Relations/Financial%20Information/Financial%20Reports/  on August 28th, 2023

China Construction Bank Corporation. 2023. Annual Report 2022. Accessed via http://www.ccb.com/en/investorv3/annualreports/annals.html?ptId=6&ctId=1  on August 28th, 2023

Agricultural Bank of China. 2023. Annual Report 2022. Accessed via https://www.abchina.com/en/investor-relations/performance-reports/annual-reports/  on August 28th, 2023

Bank of China. 2023. Annual Report 2022. Accessed via https://www.bankofchina.co.id/en-id/top/about-us/financial-report/annual-report.html  on August 28th, 2023

J.P. Morgan Chase. 2022. Annual Report 2021. Accessed via on August 28th, 2023

Bank of America (BAC). 2023. Annual Report 2022. Accessed via https://investor.bankofamerica.com/annual-reports-and-proxy-statements  on August 28th, 2023

HSBC Holdings PLC. 2023. Annual Report 2022. Accessed via https://www.hsbc.com/investors/results-and-announcements/annual-report  on August 28th, 2023

Mitsubishi UFJ Financial Group (Mitsubishi). 2023. Annual Report 2022. Accessed via https://www.mufg.jp/english/ir/report/annual_report/index.html   on August 28th, 2023

BNP Paribas.2023. Annual Report 2022. Accessed via https://invest.bnpparibas/en/search/reports/documents/financial-reports?s%5Bsubthemes%5D%5B%5D=18  on August 28th, 2023

Citigroup.2023. Annual Report 2022. Accessed via https://www.citigroup.com/citi/investor/annual-reports.html   on August 28th, 2023

Wells Fargo.2023. Annual Report 2022. Accessed via https://www.wellsfargo.com/about/investor-relations/annual-reports/  on August 28th, 2023

Sumitomo Mitsui Banking Corporation.2023. Annual Report 2022. Accessed via https://www.sumitomocorp.com/en/jp/ir/financial/investors-guide/2021   on August 28th, 2023

Mizuho Financial Group.2023. Annual Report 2022. Accessed via https://www.mizuhogroup.com/investors/financial-information/annual  on August 28th, 2023

Japan Post Bank.2023. Annual Report 2022. Accessed via https://www.jp-bank.japanpost.jp/en/ir/financial/en_ir_fnc_annualreport.html   on August 28th, 2023

Banco Santander.2023. Annual Report 2022. Accessed via https://www.santander.com/en/shareholders-and-investors/financial-and-economic-information/annual-report  on August 28th, 2023. 

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