World Largest Banks in 2023 – Everything You Need to Know
In 2023, the global banking industry was dominated by institutions that solidified their positions as the largest banks worldwide. These financial giants play roles in driving growth, facilitating international trade and providing essential financial services to individuals and businesses, around the globe. Let’s take a look at the world largest banks in 2023 based on their assets and market capitalization.
World Largest Banks in 2024
Industrial and Commercial Bank of China Ltd. (ICBC) – China
ICBC continues to hold its position as the world largest banks in terms of assets. Its extensive network spanning China and international markets highlights its role in supporting China’s landscape and ensuring financial stability.
China Construction Bank Corp. (CCB) – China
Ranking closely behind ICBC CCB focuses on infrastructure financing and corporate banking services making it a key player in supporting China’s development projects.
Agricultural Bank of China Ltd. (ABC) – China
With a presence in both urban and rural areas, ABC’s dedication to serving diverse customer segments underscores its importance within China’s banking sector.
Bank of China Ltd. (BOC) – China
BOC focuses on trade finance and corporate banking to contribute to China’s integration establishing itself as one of the world largest banks.
JPMorgan Chase & Co. – United States
JPMorgan Chase & Co. a player, in the US banking industry is recognized for its excellence in investment banking, asset management, and retail banking services. It has built a reputation as an institution within the global financial system.
Bank of America Corp. – United States
Bank of America Corp. renowned for its range of products and services serves millions of customers both domestically and internationally. It has positioned itself as one of the world largest banks.
Mitsubishi UFJ Financial Group Inc. – Japan
Mitsubishi UFJ Financial Group Inc., being one of the banking conglomerates plays a crucial role in Japan’s financial ecosystem through its diversified business operations in retail banking, corporate banking, and wealth management.
HSBC Holdings PLC – United Kingdom
HSBC Holdings PLC holds a presence and acts as an essential gateway for cross-border transactions and global trade. This solidifies its position among the world largest banks.
BNP Paribas SA – France
BNP Paribas SA, a banking group leverages its expertise in investment banking, asset management, and retail banking to establish a strong presence, in global financial markets.
Crédit Agricole Group – France
Crédit Agricole Group, an institution, from France, is known for its expertise in retail banking, insurance, and asset management. With its presence and influence, Crédit Agricole plays a role, in shaping the financial landscape on a global scale.
