In 2024, the Industrial and Commercial Bank of China (ICBC) was the world's largest bank by total assets, reaching nearly 6.7 trillion U.S. dollars. The next three largest banks were also based in China: the Agricultural Bank of China, China Construction Bank, and Bank of China. The largest non-Chinese bank that year was JPMorgan Chase, with total assets exceeding four trillion U.S. dollars. Largest bank by market capitalization The value of total assets is a common measure of a bank's prosperity, and is defined as all assets owned by the bank. Another common indicator is the bank's market capitalization, which is used to determine the size of the bank. The market capitalization is the market price of one share multiplied by the number of shares outstanding. Ranked by market capitalization instead of total assets, JPMorgan Chase was the largest bank in the world in 2024, while ICBC ranked third. How do digital banks compare? Digital banks have surged in popularity over the past decade, attracting millions of customers with their convenient mobile interfaces, lower fees, and innovative financial products. Despite this impressive user growth, their financial footprint remains dwarfed by traditional banking institutions. A prime example is WeBank, which despite boasting approximately 400 million users - making it the world's largest digital bank by customer count - managed total assets of only about 74 billion U.S. dollars in 2023.

The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. These banks are not only the largest in the United States, but also rank among the top banks worldwide by market capitalization, with JPMorgan Chase being the most valuable bank in the world. Total assets of banks As the largest bank in the United States, JPMorgan Chase had total assets worth close to *** trillion U.S. dollars as of June 2025. Despite being the bank with the highest market capitalization in the world, the bank ranked only fifth in terms of total assets worldwide, while the top four positions were all held by Chinese banks. Stability in the banking sector in the United States In early 2025, all the "big four" banks in the United States maintained a common equity tier 1 (CET1) capital ratio significantly above the required minimum of *** percent. JPMorgan Chase reported a CET1 ratio of ***** percent. Meanwhile, the highest CET1 ratio among U.S. banks during this period was ***** percent, achieved by TD Bank, the 12th largest bank in the country in the first half of 2025.

France's banking sector continued to be dominated by traditional powerhouses in 2024, with BNP Paribas leading the pack. The bank's total assets reached an impressive 2.8 trillion U.S. dollars, solidifying its position as the largest bank in France. Crédit Agricole followed closely behind with 2.69 trillion U.S. dollars in assets, while Groupe BPCE and Société Générale rounded out the top four with assets exceeding 1.5 trillion U.S. dollars each. Financial performance and market presence BNP Paribas' leadership extends beyond total assets. The bank's market capitalization also saw substantial growth, reaching 79.3 billion euros in January 2024. This financial strength is further reflected in BNP Paribas' brand value, which exceeded 14 billion U.S. dollars in 2025, making it the most valuable French banking brand globally. Digital banking revolution While traditional banks maintain their dominance, the French banking landscape is experiencing a digital transformation. BoursoBank, a subsidiary of Société Générale, has emerged as the leading digital bank in France with 6.3 million customers in 2024. This growth aligns with the increasing penetration of online banking in France, which reached 72 percent in 2024, surpassing the EU average.

In 2024, the Industrial and Commercial Bank of China (ICBC) was the world's largest bank by total assets, reaching nearly 6.7 trillion U.S. dollars. The next three largest banks were also based in China: the Agricultural Bank of China, China Construction Bank, and Bank of China. The largest non-Chinese bank that year was JPMorgan Chase, with total assets exceeding four trillion U.S. dollars. Largest bank by market capitalization The value of total assets is a common measure of a bank's prosperity, and is defined as all assets owned by the bank. Another common indicator is the bank's market capitalization, which is used to determine the size of the bank. The market capitalization is the market price of one share multiplied by the number of shares outstanding. Ranked by market capitalization instead of total assets, JPMorgan Chase was the largest bank in the world in 2024, while ICBC ranked third. How do digital banks compare? Digital banks have surged in popularity over the past decade, attracting millions of customers with their convenient mobile interfaces, lower fees, and innovative financial products. Despite this impressive user growth, their financial footprint remains dwarfed by traditional banking institutions. A prime example is WeBank, which despite boasting approximately 400 million users - making it the world's largest digital bank by customer count - managed total assets of only about 74 billion U.S. dollars in 2023.

**** was the largest bank in the United Kingdom in 2024, boasting total assets of over ************** U.S. dollars. As of 2024, **** was also the largest bank in Europe, and it stood as one of the global banking industry's leading institutions. Barclays held the second highest value of assets in the UK, followed by Lloyds. Market capitalization of the banking sector in Europe and the UK A different measure, frequently employed to determine the size of a bank, is market capitalization, or the total dollar market value of a company's outstanding shares. Market capitalization is calculated from the current market price of one share and the number of shares outstanding for a company. In 2024, **** was the largest bank in terms of market capitalization trading on the London Stock Exchange and overall in Europe. What does HSBC do? HSBC is a British multinational bank and financial services institution headquartered in London, United Kingdom. The bank serves customers with commercial banking, global private banking, global banking and markets, and personal financial services. The largest geographical region of the bank, in terms of revenue generation, is Asia. At the end of 2024, the bank had roughly ******* employees around the world.

The “big four banks” in the United States are JPMorgan Chase, Bank of America, Wells Fargo, and Citibank. These banks are not only the largest in the United States, but also rank among the top banks worldwide by market capitalization, with JPMorgan Chase being the most valuable bank in the world. Total assets of banks As the largest bank in the United States, JPMorgan Chase had total assets worth close to 3.8 trillion U.S. dollars as of June 2025. Despite being the bank with the highest market capitalization in the world, the bank ranked only fifth in terms of total assets worldwide, while the top four positions were all held by Chinese banks. Stability in the banking sector in the United States In early 2025, all the "big four" banks in the United States maintained a common equity tier 1 (CET1) capital ratio significantly above the required minimum of 4.5 percent. JPMorgan Chase reported a CET1 ratio of 15.42 percent. Meanwhile, the highest CET1 ratio among U.S. banks during this period was 17.56 percent, achieved by TD Bank, the 12th largest bank in the country in the first half of 2025.

As of December 31, 2024, the largest bank in the world in terms of market capitalization was the U.S.-based J*************. The American banking giant's market cap exceeded *** billion U.S. dollars, which was significantly higher than ***************'s, which ranked second with a market cap of approximately ****** billion U.S. dollars. ************** was also the largest bank in the United States in terms of total assets but ranked only fifth globally, behind four Chinese banks. What is market capitalization? Market capitalization, also known as stock market value, is the total value of issued shares of a publicly traded company. It is equal to the share price multiplied by the number of shares outstanding. It applies only to publicly traded companies or companies that have made their stock market debut, also known as an initial public offering, or IPO. Due to the nature of the capitalist system and the practice of buying and selling stocks in public markets, market capitalization can be used as a proxy for the wider public’s opinion of a company’s net worth, making it therefore a determining factor in calculating other theoretical values of companies and their stocks, for example, stock valuation. How were banks affected by the coronavirus outbreak? The outbreak of the coronavirus left no industries unaffected and had a significant impact on the global financial markets. This can be seen in the banking industry, as the market capitalization of the largest banks worldwide dropped markedly between December 2019 and March 2020. For the largest bank, JPMorgan Chase, it was not until February 2021 that the market capitalization saw pre-pandemic figures again.

As of December 31, 2024, the largest bank in the world in terms of market capitalization was the U.S.-based JPMorgan Chase. The American banking giant's market cap exceeded 678 billion U.S. dollars, which was significantly higher than Bank of America's, which ranked second with a market cap of approximately 340.21 billion U.S. dollars. JPMorgan Chase was also the largest bank in the United States in terms of total assets but ranked only fifth globally, behind four Chinese banks. What is market capitalization? Market capitalization, also known as stock market value, is the total value of issued shares of a publicly traded company. It is equal to the share price multiplied by the number of shares outstanding. It applies only to publicly traded companies or companies that have made their stock market debut, also known as an initial public offering, or IPO. Due to the nature of the capitalist system and the practice of buying and selling stocks in public markets, market capitalization can be used as a proxy for the wider public’s opinion of a company’s net worth, making it therefore a determining factor in calculating other theoretical values of companies and their stocks, for example, stock valuation. How were banks affected by the coronavirus outbreak? The outbreak of the coronavirus left no industries unaffected and had a significant impact on the global financial markets. This can be seen in the banking industry, as the market capitalization of the largest banks worldwide dropped markedly between December 2019 and March 2020. For the largest bank, JPMorgan Chase, it was not until February 2021 that the market capitalization saw pre-pandemic figures again.

HSBC was the largest bank in the United Kingdom in 2024, boasting total assets of over three trillion U.S. dollars. As of 2024, HSBC was also the largest bank in Europe, and it stood as one of the global banking industry's leading institutions. Barclays held the second highest value of assets in the UK, followed by Lloyds. Market capitalization of the banking sector in Europe and the UK A different measure, frequently employed to determine the size of a bank, is market capitalization, or the total dollar market value of a company's outstanding shares. Market capitalization is calculated from the current market price of one share and the number of shares outstanding for a company. In 2024, HSBC was the largest bank in terms of market capitalization trading on the London Stock Exchange and overall in Europe. What does HSBC do? HSBC is a British multinational bank and financial services institution headquartered in London, United Kingdom. The bank serves customers with commercial banking, global private banking, global banking and markets, and personal financial services. The largest geographical region of the bank, in terms of revenue generation, is Asia. At the end of 2024, the bank had roughly 211,000 employees around the world.

The average for 2020 based on 105 countries was 10.5 percent. The highest value was in Tonga: 22.06 percent and the lowest value was in Macao: 4.49 percent. The indicator is available from 1998 to 2020. Below is a chart for all countries where data are available.

The Bahamas: Bank concentration: percent of bank assets held by top three banks: The latest value from 2021 is 60.41 percent, an increase from 57.46 percent in 2020. In comparison, the world average is 67.43 percent, based on data from 135 countries. Historically, the average for the Bahamas from 2000 to 2021 is 68.42 percent. The minimum value, 43.46 percent, was reached in 2000 while the maximum of 87.45 percent was recorded in 2014.

Banking assets worldwide have seen significant shifts in recent years, with China emerging as the leader in 2023, boasting over ** trillion U.S. dollars in financial assets. The United States followed closely behind, with assets exceeding ** trillion U.S. dollars. This data underscores the dominance of these two economic powerhouses in the global banking sector. The market capitalization of major banks further elucidates this trend, with the largest bank in the world, JPMorgan Chase, hailing from the United States and holding a market cap surpassing *** billion U.S. dollars, significantly higher than its closest competitor, Bank of America.

The USA: Bank concentration: percent of bank assets held by top three banks: The latest value from 2021 is 38.4 percent, a decline from 39.28 percent in 2020. In comparison, the world average is 67.43 percent, based on data from 135 countries. Historically, the average for the USA from 2000 to 2021 is 33.9 percent. The minimum value, 21.45 percent, was reached in 2000 while the maximum of 42.29 percent was recorded in 2015.

As of 2024, the Royal Bank of Canada (RBC) held the position of Canada’s largest bank, with total assets exceeding 2.1 trillion Canadian dollars, closely followed by the Toronto-Dominion Bank (TD Bank). Between 2015 and 2024, these banks consistently reported steady revenue growth, reflecting the stability and profitability of Canada’s banking industry. The Canadian banking industry Canada is a vast and diverse country, with domestic banks offering a wide range of services, including retail banking, investment banking, corporate banking, and private banking. In the retail banking sector, also known as consumer banking - focused on serving individuals and non-corporate customers - RBC achieved the highest customer satisfaction in 2024, with Scotiabank ranking second. Canadian banks from a global perspective The largest Canadian bank, RBC, was not only the largest in Canada but also ranked among the world’s leading banks, trailing behind several U.S. and China-based institutions. In 2024, JPMorgan Chase held the title of the largest bank globally by market capitalization.

The average for 2021 based on 140 countries was 71.17 percent. The highest value was in Hong Kong: 268.82 percent and the lowest value was in Sudan: 7.87 percent. The indicator is available from 1960 to 2021. Below is a chart for all countries where data are available.

In 2024, the value of the Industrial and Commercial Bank of China's assets amounted to **** trillion U.S. dollars. The bank was not only the largest bank in China but also the largest bank in the world. When the bank went public in Hong Kong, it was the most valuable IPO in history at the time. Banking industry in China As one of the world’s largest players, the Chinese banking industry documented an increase in total assets, reaching around *** trillion yuan in 2023. Although the banking sector in China developed as a state-owned and policy-driven industry in the early opening up and reforming period, today, it has evolved into a more diversified and competitive market. Most of the leading state-owned banks, such as the Industrial and Commercial Bank of China, were restructured into joint-stock companies in the early 2000s, while a growing body of commercial banks started their operations on a regional level. In addition, more and more banks specialize in segmented areas. For instance, Ping An Bank grew the fastest as a private banking service provider, partly due to synergies with its well-established insurance business. Furthermore, the rapid-expanding internet economy allowed for the rise of non-physical banks like WeBank, which is backed by Tencent and China Zheshang Bank. A thriving yet chaotic digital payments market China’s financial industry is an early adopter of new technologies and innovations, and the fintech-empowered digital payments market in China is one of the fiercest battlefields in this sector. Companies with the most impressive performances are the third-party payment service operators backed by internet tycoons such as WeChat Pay and Alipay. Both had a user base of over *********** as of 2025. Confronted with the increasing threat of non-bank channel payments, traditional commercial banks have been pushing forward their digitalization transition. As of November 2024, monthly active app users of the Industrial and Commercial Bank amounted to almost ** million.

The total assets of the British bank HSBC increased considerably between 2007 and 2024, despite some fluctuation. In 2024, the total assets of the HSBC bank exceeded three trillion U.S. dollars, which was a slight decline compared to the previous year. Overall, HSBC's assets increased steadily between 2016 and 2024, reflecting the bank's overall financial strength despite changing global market conditions. HSBC - additional information HSBC Holdings plc is a British multinational bank and financial services organization based in London, United Kingdom. The company is a parent of the Hong Kong and Shanghai Banking Corporation Limited, which was founded by Scotsman Sir Thomas Sutherland in 1865. Due to its history, HSBC sees both the Hong Kong and United Kingdom as its home markets and has a dual primary listing on both London and Hong Kong Stock Exchange. The holding company is also counted among the largest banks in the world based on market capitalization, with a total market cap of 176 billion U.S. dollars in 2024.Despite being among the largest banks in the world, HSBC was not listed as one of the most valuable banking brands worldwide in 2024, but remained among the leading banking brands in the United Kingdom.

As of March 2025, MUFG Bank was the leading city bank in Japan, with total assets amounting to around 331.6 trillion Japanese yen. Sumitomo Mitsui Banking Corporation followed with total assets of 281.8 trillion yen. City banks Commercial banks in Japan are regulated under the banking act and supervised by the Financial Services Agency (FSA), Japan’s primary financial regulator. There are a large number of banks in Japan, including five city banks and over 100 different regional banks.City banks, the commercial banking units of the three megabanks, MUFG Bank, Sumitomo Banking Corporation, and Mizuho Bank, are among the largest financial institutions in Japan and operate nationwide through a network of branches in major cities. They offer a wide range of financial services domestically and globally and do business with major corporations in Japan. Regional banks Unlike city banks, which belong to the largest banks in the world, Japanese regional banks focus on the domestic market. Regional banks are smaller than city banks and usually operate in the region where they are headquartered. They offer financial services to local individual customers and small and medium-sized enterprises. For historical reasons, regional banks are divided into regional banks I and II. Both types of banks fulfill the same functions but are members of different associations. This is because most regional banks II are former mutual banks that have become ordinary commercial banks.

China: Bank concentration: percent of bank assets held by top three banks: The latest value from 2021 is 38.32 percent, a decline from 38.52 percent in 2020. In comparison, the world average is 67.43 percent, based on data from 135 countries. Historically, the average for China from 2000 to 2021 is 56.69 percent. The minimum value, 34.25 percent, was reached in 2000 while the maximum of 99.94 percent was recorded in 2012.

As of the first quarter of 2025, Bank Mandiri was the largest bank in Indonesia in terms of assets. Along with Bank Rakyat Indonesia (BRI), Bank Central Asia (BCA), and Bank Negara Indonesia (BNI), they were the only Indonesian banks with total assets exceeding *** quadrillion Indonesian rupiah. Banking sector in IndonesiaIndonesia’s banking sector has continuously been on the rise. The growth of the middle-class and overall population resulted in the ongoing development of the finance industry. As of March 2025, there were about ***** rural banks and *** commercial banks available. The market is regulated by the financial service authority, whereas the central bank of Indonesia, Bank Indonesia (BI), is responsible for foreign exchange supervision and payment systems. Digital banking services in Indonesia Indonesia is one of the most adaptable countries to digital banking services in the world. The majority of the rather young population are open to digital payment methods as well as digital consumption in general. Not surprisingly, the mobile wallet penetration increased over the past years, and almost reached ** percent in 2023. For traditional banks, this development could be perceived as a threat and an opportunity. The possibility of reaching customers without a physical presence could lead to an increase in clients. On the other hand, a lack of technological know-how and the slow implementation and enforcement of digital actions could allow smaller competitors to establish themselves in a more favorable position.