These are the 28 biggest banks in the world — each one with more than $1 trillion of assets

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Thomson Reuters

LONDON – Every year S&P Global Intelligence releases its annual ranking of the world’s biggest banks by assets, and in 2017, for another year, Chinese banks dominate the top of the list.

In total, S&P Global included 28 banks across the world with over $1 trillion in assets across Asia, North America, and Europe.

“Asian banks continue to dominate the S&P Global Market Intelligence global bank rankings with Chinese institutions claiming the top four spots,” JP O’Sullivan, managing director of financial institutions at S&P Global.

Banks with big retail operations dominate the list, meaning investment banking giants including Goldman Sachs and Morgan Stanley, and UBS miss out on the $1 trillion mark, ranking 35th, 34th, and 38th respectively.

After a tough year in 2016, European banks bounced back on S&P’s 2017 list, thanks largely to a rising euro and a strong economic outlook. Three European banks cracked the top 10 this year, up from two last year.

Overall, 11 European banks, 11 from Asia, and six from North America held more than $1 trillion in assets. Check out the world’s biggest banks below.


28. UniCredit, Italy — $1.004 trillion

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Reuters

27. The Norinchukin Bank, Japan — $1.006 trillion

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Stanley Chou / Stringer / Getty Images

26. ING Group, The Netherlands — $1.02 trillion

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Pedestrians walk past the logo of ING bank by the group’s main office in Brussels.
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Reuters

25. Toronto-Dominion Bank, Canada — $1.03 trillion

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Toronto Dominion Bank ATMs
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Reuters

24. Royal Bank of Canada, Canada — $1.04 trillion

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Getty Images

23. Lloyds Banking Group, UK — $1.1 trillion

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Reuters

22. Postal Savings Bank of China, China — $1.385 trillion

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Reuters/Kim Kyung Hoon

21. Bank of Communications, China — $1.39 trillion

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Reuters/Aaron Tam

20. Groupe BPCE, France — $1.51 trillion

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Reuters/Benoit Tessier

19. Societe Generale, France — $1.5311 trillion

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People walk towards the entrance to the headquarters of French bank Societe Generale in La Defense, outside Paris.
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Reuters/Benoit Tessier

18. Barclays, UK — $1.5317 trillion

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Barclays’ CEO Jes Staley arrives at 10 Downing Street in London, Britain January 11, 2018.
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REUTERS/Peter Nicholls

17. Mizuho Financial Group, Japan — $1.72 trillion

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Reuters/Yuya Shino

16. Banco Santander, Spain — $1.74 trillion

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Heptathlete, Jessica Ennis-Hill, poses with Santander Cycles at the Queen Elizabeth Olympic Park
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Reuters Staff

15. Deutsche Bank, Germany — $1.77 trillion

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A man holds a suitcase with the logo of the German lender Deutsche Bank during a protest by the Attac pressure group outside the Chancellery in Berlin demanding from G20 summit participants the implementation of a unitary tax to fight tax evasion, September 5, 2013.
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REUTERS/Thomas Peter

14. Sumitomo Mitsui Financial Group, Japan — $1.78 trillion

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Reuters/Toru Hanai

13. Citigroup, USA — $1.84 trillion

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Sergio Moraes/Reuters

12. Japan Post Bank, Japan — $1.87 trillion

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Reuters/Issei Kato

11. Wells Fargo, USA — $1.95 trillion

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Members of the U.S. Air Force ride in the Wells Fargo stagecoach during the 92nd Annual San Francisco Veterans Day Parade on November 11, 2011 in San Francisco, California.
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Justin Sullivan/Getty Images

10. Credit Agricole, France — $2.12 trillion

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Reuters

9. Bank of America, USA — $2.28 trillion

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Justin Sullivan/Getty Images

8. BNP Paribas, France — $2.36 trillion

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A young woman withdraws cash at an automatic teller at a BNP Paribas bank in central Paris October 26, 2012.
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REUTERS/Jacky Naegelen

7. HSBC, UK — $2.52 trillion

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An aircraft flies past the HSBC headquarters building in the Canary Wharf financial district in east London February 15, 2015
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REUTERS/Peter Nicholls/Files

6. JPMorgan Chase, USA — $2.53 trillion

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Andrew Burton / Getty Images

5. Mitsubishi UFJ Financial, Japan — $2.79 trillion

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Reuters

4. Bank of China, China — $2.99 trillion

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Getty Images

3. Agricultural Bank of China, China — $3.24 trillion

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Thomson Reuters

2. China Construction Bank, China — $3.40 trillion

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REUTERS/Tyrone Siu

1. Industrial & Commercial Bank of China, China — $4.00 trillion

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Reuters/Enrique Marcarian