The following list shows the world's largest banks based on market capitalization as of August 23, 2011. China currently has three of the four largest banks in the world. In 2005, China did not have banks among the world's top 50.
Rank | Bank | Country | Market cap ($b, 8/2011) |
1 | Industrial & Commercial Bank of China (ICBC) | China | 223.40 |
2 | China Construction Bank | China | 167.10 |
3 | HSBC Holdings | UK | 150.06 |
4 | Agricultural Bank of China | China | 134.91 |
5 | JPMorgan Chase & Co. | US | 130.27 |
6 | Bank of China | China | 122.16 |
7 | Wells Fargo | US | 120.86 |
8 | Citigroup | US | 76.04 |
9 | Commonwealth Bank of Australia | Australia | 75.24 |
10 | Banco Santander | Spain | 74.81 |
11 | Itau Unibanco | Brazil | 70.44 |
12 | Royal Bank Canada | Canada | 70.38 |
13 | Bank of America | US | 65.23 |
14 | Mitsubishi UFJ Financial | Japan | 63.92 |
15 | Toronto-Dominion Bank | Canada | 63.50 |
16 | Westpac Banking | Australia | 61.69 |
17 | Sberbank of Russia | Russia | 61.12 |
18 | Bradesco | Brazil | 57.76 |
19 | BNP Paribas | France | 57.06 |
20 | Bank of Nova Scotia | Canada | 53.85 |
21 | ANZ Banking | Australia | 52.76 |
22 | Standard Chartered | UK | 52.16 |
23 | UBS | Switzerland | 51.39 |
24 | National Australia Bank | Australia | 50.83 |
25 | Banco do Brasil | Brazil | 44.85 |
26 | Bank of Communications | China | 43.91 |
27 | BBVA | Spain | 41.84 |
28 | Sumitomo Mitsui Financial | Japan | 40.20 |
29 | China Merchants Bank | China | 39.64 |
30 | US Bancorp | US | 39.01 |
31 | Bank of Montreal | Canada | 36.92 |
32 | Deutsche Bank | Germany | 36.07 |
33 | Santander Brasil | Brazil | 34.77 |
34 | Nordea Bank | Sweden | 34.29 |
35 | Lloyds Banking Group | UK | 31.92 |