The list below shows the largest banks in the world based on market capitalization as of January 20, 2012. Chinese banks occupy the top positions. The People’s Republic now has 4 of the top 7 banks, including the top 2.
Rank | Bank | Country | Market cap ($b, 20/01/2012) |
1 | Industrial & Commercial Bank of China (ICBC) | China | 240.95 |
2 | China Construction Bank | China | 195.85 |
3 | Wells Fargo & Co | US | 160.72 |
4 | HSBC Holdings | UK | 150.90 |
5 | Agricultural Bank of China | China | 141.73 |
6 | JP Morgan Chase | US | 140.95 |
7 | Bank of China | China | 128.80 |
8 | Itau Unibanco | Brazil | 88.17 |
9 | Citigroup | US | 86.67 |
10 | Commonwealth | Australia | 82.62 |
11 | Royal Bank Canada | Canada | 76.56 |
12 | Bank of America | US | 71.77 |
13 | Toronto-Dominion Bank | Canada | 70.53 |
14 | Banco Santander | Spain | 67.32 |
15 | Westpac | Australia | 65.77 |
16 | Mitsubishi UFJ Financial | Japan | 64.25 |
17 | Banco Bradesco | Brazil | 63.91 |
18 | Sberbank of Russia | Russia | 59.36 |
19 | ANZ Banking | Australia | 58.48 |
20 | Bank of Nova Scotia | Canada | 58.16 |
21 | Standard Chartered | UK | 57.68 |
22 | National Australia Bank | Australia | 56.04 |
23 | US Bancorp | US | 54.85 |
24 | BNP Paribas | France | 54.21 |
25 | Goldman Sachs Group | US | 53.53 |
26 | UBS | Switzerland | 52.00 |
27 | Bank of Communications | China | 48.11 |
28 | China Merchants Bank | China | 45.15 |
29 | Sumitomo Mitsui Financial | Japan | 43.62 |
30 | BBVA | Spain | 42.98 |
31 | Banco do Brasil | Brazil | 42.19 |
32 | Barclays | UK | 42.07 |
33 | Deutsche Bank | Germany | 39.17 |
34 | Bank of Montreal | Canada | 37.93 |
35 | Mizuho Financial Group | Japan | 35.82 |
36 | Morgan Stanley | US | 35.49 |
37 | Banco Santander (Brasil) | Brazil | 34.97 |
38 | Lloyds Banking Group | UK | 34.76 |
39 | Nordea Bank | Sweden | 33.57 |
40 | China Citic Bank | China | 31.40 |
41 | PNC Financial Services | US | 31.37 |
42 | Credit Suisse Group | Switzerland | 31.29 |
43 | Canadian Imperial Bank of Commerce (CIBC) | Canada | 30.76 |
44 | Intesa Sanpaolo | Italy | 29.00 |
45 | BOC Hong Kong | Hong Kong | 28.13 |
46 | Shanghai Pudong Development Bank | China | 27.76 |
47 | Bank of New York Mellon | US | 25.80 |
48 | Royal Bank of Scotland | UK | 25.17 |
49 | Hang Seng Bank | Hong Kong | 24.49 |
50 | State Bank of India | India | 24.48 |