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.

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.

**** 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 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.

Deutsche Bank had the largest amount of total assets among German banks as of 2021. Other leading institutions included the DZ Bank and KfW. All of them are headquartered in Frankfurt. Deutsche Bank is the largest bank in the country, totaling over **** trillion euros in assets. Bank assets Germany is Europe’s largest economy, housing several banks of international importance which look back on a long history. By definition, assets are owned and have value. Banks hold assets in a variety of forms. The first one that undoubtedly comes to mind is cash; others include share certificates, consumer loans, equipment, property or land. These are further classified based on whether they bring value within a specified time period or not. While Deutsche Bank was ahead in Germany, it is worth noting that asset sums decreased in recent years. Leadership challenges Deutsche Bank is among the largest banks in the world as of 2021, based on assets, ranking **** in a list published by S&P Global. It also ranks among the ten leading banks in Europe, also referring to total assets. Future asset development, as for many banks around the world, is facing new pressure due to the continued effects of the coronavirus (COVID-19) pandemic and climbing inflation levels.

As of March 2024, MUFG Bank was the leading city bank in Japan, with total assets amounting to close to 323.9 trillion Japanese yen. Sumitomo Mitsui Banking Corporation followed with total assets of 272.3 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 mid-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.

Banking assets worldwide have seen significant shifts in recent years, with China emerging as the leader in 2023, boasting over 50 trillion U.S. dollars in financial assets. The United States followed closely behind, with assets exceeding 31 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 678 billion U.S. dollars, significantly higher than its closest competitor, Bank of America.

Graph and download economic data for 5-Bank Asset Concentration for Canada (DDOI06CAA156NWDB) from 2000 to 2021 about Canada, assets, banks, and depository institutions.

In 2024, Itaú Unibanco was the largest bank in Brazil based on total assets, with total assets exceeding *** billion U.S. dollars. Banco do Brasil ranked second, with assets amounting to approximately ***** billion U.S. dollars. The total value of assets of Brazilian banks added up to roughly *** trillion U.S. dollars in 2023, a figure that has been consistently increasing since 2002. Brazilian banking network Brazil was the country with the highest number of bank branches in Latin America, with ***** branches in 2023. However, in terms of accessibility, the South American country lags some regional counterparts. In 2023, the density of bank branches in Brazil reached only ** per 100,000 adults; in comparison to ** bank branches per 100,000 adults in Mexico. Digital banks in Brazil With the use of financial technology increasing around the world, online banking is becoming ever more popular, and the Brazilian market is no exception. In fact, Brazil is home to one of the leading digital banks worldwide, Nubank. Nubank's active users increased sharply in 2024, exceeding ** million, and its operating revenue reached over ** billion U.S. dollars.

5-bank asset concentration in Mauritania was reported at 92.9 in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. Mauritania - 5-bank asset concentration - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

5-bank asset concentration in Indonesia was reported at 57.05 in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Indonesia - 5-bank asset concentration - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

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.

Global Private Banking market size is expected to reach $676.94 billion by 2029 at 7.5%, segmented as by asset management service, portfolio management, wealth advisory

Shadow Banking Market Outlook

The global shadow banking market size was valued at approximately USD 65 trillion in 2023 and is projected to reach USD 100 trillion by 2032, growing at a compound annual growth rate (CAGR) of 4.8% during the forecast period. This market's growth is propelled by the increasing demand for alternative financing solutions, particularly in the wake of stringent regulatory measures imposed on traditional banking systems post the 2008 financial crisis. Shadow banking systems offer a range of financial activities, closely mirroring those of regulated banks, but often operate outside conventional banking regulations, fostering innovation and flexibility.

One of the primary growth factors for the shadow banking market is the ability of non-bank financial entities to provide credit and liquidity to the economy, especially during periods of financial stress. With traditional banking becoming heavily regulated, shadow banks have emerged as crucial providers of credit, filling the gaps left by commercial banks. They offer tailored financial products that cater to specific needs of borrowers, often with greater flexibility in terms of credit terms and risk management. Additionally, the use of advanced financial technologies and analytics has significantly enhanced the efficiency and reach of shadow banking activities, making them increasingly attractive to borrowers and investors alike.

Another factor boosting the shadow banking market is the technological advancements that have enabled these entities to operate at lower costs and serve a broader customer base. The proliferation of fintech companies has introduced sophisticated platforms for peer-to-peer lending, crowdfunding, and other forms of credit intermediation, empowering shadow banks to reach underserved markets and provide competitive financial products. Moreover, the integration of big data analytics, AI, and machine learning into shadow banking practices has allowed these institutions to better assess risks, streamline operations, and enhance user experience, thus supporting market growth.

Additionally, the globalization of financial markets has played a pivotal role in the expansion of the shadow banking sector. Emerging markets, with their burgeoning middle-class populations and rapid economic growth, have shown a particular demand for financial services that traditional banks fail to adequately meet. Shadow banks, with their varied portfolio of services, have adeptly filled this gap, offering innovative solutions tailored to the unique requirements of these regions. This trend is expected to continue, particularly in Asia Pacific, which is witnessing rapid urbanization and digitalization, making it a key player in the shadow banking market.

Regionally, North America currently holds a significant share of the shadow banking market, driven by a well-established financial infrastructure and the presence of numerous institutional investors seeking alternative investment avenues. However, Asia Pacific is anticipated to exhibit the highest growth rate during the forecast period, fueled by increasing urbanization, technological advancements, and a rising need for diverse financial services. Europe also plays a vital role, given its strong regulatory framework aimed at ensuring financial stability while promoting innovation within the shadow banking sector. Meanwhile, Latin America and the Middle East & Africa are gradually recognizing the potential of shadow banking, albeit at a slower pace due to regulatory and economic challenges.

Component Analysis

The component analysis of the shadow banking market reveals significant insights into its structure, which is primarily divided into credit intermediation, asset management, and others. Credit intermediation is the largest component, encompassing activities such as lending, borrowing, and risk transformation conducted by entities outside the traditional banking system. This segment is integral as it forms the backbone of shadow banking, providing an alternative source of credit to individuals and businesses, often characterized by reduced regulatory oversight. The flexibility offered by credit intermediaries in terms of loan structuring, interest rates, and collateral requirements makes them an attractive option for borrowers who might not meet the stringent criteria set by traditional banks.

Asset management, on the other hand, involves the management of financial assets on behalf of investors, including hedge funds, private equity, and other investment funds. This segment is crucial as it channels vast amounts of capital into various

Key information about Iceland Liquid Assets Ratio

• Iceland Liquid Assets Ratio stood at 17.9 % in Nov 2024, compared with the previous figure of 17.9 % in Oct 2024
• Iceland Liquid Assets Ratio data is updated monthly, available from Dec 2013 to Nov 2024
• The data reached an all-time high of 25.2 % in Sep 2014 and a record low of 14.8 % in Jun 2022

• In the latest report, Iceland Capital Adequacy Ratio was measured at 23.6 % in Jun 2024, compared with the previous update of 24.3 % in Dec 2023

In 2023, Hong Kong and Shanghai Banking had assets valued at over 10 trillion Hong Kong dollars. Based on asset value, the bank was the leading institution in the region. Hong Kong and Shanghai Banking generated 97 billion U.S. dollars in net profits in that year, making it the most profitable licensed bank worldwide. Banking in Hong Kong After logistics, the financial sector is the second-largest industry in Hong Kong, and banking accounts for the largest subsection of the financial sector. The city is home to over 190 banks that employ more than one hundred thousand people. Not included in the number are the various representative offices of foreign banks. Other financial sectors Not only banking, but numerous other financial sub-sectors are integral to Hong Kong’s financial industry. Insurance companies in the city accounted for 3.9 percent of the region's GDP and employed more than 90 thousand of its inhabitants. The city’s stock market is not only one of the world's largest, but also has the among highest number of initial public offerings in the world.

Asset Evaluation Service Market Outlook

The global asset evaluation service market size was valued at approximately USD 4.7 billion in 2023 and is projected to reach USD 8.4 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.7% during the forecast period. This market growth is primarily driven by the increasing need for accurate asset valuation in various industries and the rising importance of compliance and regulatory requirements.

One of the major growth factors for the asset evaluation service market is the expanding real estate sector. The need for precise property valuation has surged due to rising investments and transactions in residential, commercial, and industrial real estate. This demand is further fueled by urbanization trends and the growing population in many regions around the world, which necessitates the construction of new infrastructure and housing. Thus, real estate asset evaluation services are in high demand to ensure accurate property appraisal and investment decision-making.

Another significant growth factor is the increasing complexity of financial assets. As financial instruments become more intricate and diversified, there is a greater need for specialized evaluation services to determine their accurate market value. This includes the valuation of derivatives, bonds, stocks, and other financial assets. Institutions such as banks, insurance companies, and investment firms rely heavily on these services to manage their portfolios effectively and comply with stringent regulatory standards. The advent of financial technologies has also contributed to this complexity, propelling the need for advanced asset evaluation methodologies.

The rise in mergers and acquisitions (M&A) activities globally also bolsters the asset evaluation service market. Accurate valuation plays a critical role in M&A transactions, helping companies determine fair value and make informed decisions. This is particularly crucial in sectors like manufacturing, technology, and healthcare, where assets can range from physical machinery to intellectual property. As companies strive for competitive advantage and market expansion, the demand for expert asset evaluation services is expected to grow significantly.

In the context of mergers and acquisitions, Liquidation Service plays a pivotal role in the asset evaluation process. When companies decide to liquidate certain assets, accurate valuation becomes crucial to ensure fair pricing and compliance with legal standards. Liquidation services help in assessing the market value of assets that are to be sold or liquidated, providing companies with the necessary insights to make informed decisions. This service is particularly important in industries undergoing restructuring or downsizing, where asset liquidation is often a strategic move to optimize financial performance. By leveraging expert liquidation services, businesses can achieve a seamless transition and maximize the value of their assets during the liquidation process.

Regionally, North America held the largest market share in 2023, driven by a robust real estate market and a high concentration of financial assets. The region is expected to maintain its dominance, partly due to a well-established regulatory framework and the presence of major asset evaluation firms. However, the Asia Pacific region is projected to exhibit the highest growth rate during the forecast period. This growth can be attributed to rapid economic development, increasing foreign investments, and significant infrastructure projects in countries like China and India.

Service Type Analysis

The asset evaluation service market can be segmented based on service type into real estate, machinery and equipment, intellectual property, financial assets, and others. The real estate segment is the largest and is expected to retain its dominance during the forecast period. This is due to the continued growth in the real estate sector, driven by urbanization and increasing investments. Accurate valuation of properties is critical for various stakeholders including investors, developers, and government agencies, necessitating robust real estate asset evaluation services.

The machinery and equipment segment is also experiencing substantial growth. This is attributed to the rise in manufacturing activities worldwide and the need for precise valuation of industrial equipment. Proper valuation of machinery is essential for com

As of the first quarter of 2024, 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 *************** Indonesian rupiah (around ** billion U.S. dollars). 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 January 2024, 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.

Global Asset Finance Software market size is expected to reach $6.01 billion by 2029 at 8.6%, segmented as by asset type, hard assets, soft assets

The Finance sector's operating environment was previously characterised by record-low interest rates. Nonetheless, high inflation prompted the Reserve Bank of Australia (RBA) to hike the cash rate from May 2022 onwards. This shift allowed financial institutions to impose higher loan charges, propelling their revenue. Banks raised interest rates quicker than funding costs in the first half of 2022-23, boosting net interest margins. However, sophisticated competition and digital disruption have reshaped the sector and nibbled at the Big Four's dominance, weighing on ADIs' performance. In the first half of 2025, the fierce competition has forced ADIs to trim lending rates even ahead of RBA moves to protect their slice of the mortgage market. Higher cash rates initially widened net interest margins, but the expiry of cheap TFF funding and a fierce mortgage war are now compressing spreads, weighing on ADIs' profitability. Although ANZ's 2024 Suncorp Bank takeover highlights some consolidation, the real contest is unfolding in tech. Larger financial institutions are combatting intensified competition from neobanks and fintechs by upscaling their technology investments, strengthening their strategic partnerships with cloud providers and technology consulting firms and augmenting their digital offerings. Notable examples include the launch of ANZ Plus by ANZ and Commonwealth Bank's Unloan. Meanwhile, investor demand for rental properties, elevated residential housing prices and sizable state-infrastructure pipelines have continued to underpin loan growth, offsetting the drag from weaker mortgage affordability and volatile business sentiment. Overall, subdivision revenue is expected to rise at an annualised 8.3% over the five years through 2024-25, to $524.6 billion. This growth trajectory includes an estimated 4.8% decline in 2024-25 driven by rate cuts in 2025, which will weigh on income from interest-bearing assets. The Big Four banks will double down on technology investments and partnerships to counter threats from fintech startups and neobanks. As cybersecurity risks and APRA regulations evolve, financial institutions will gear up to strengthen their focus on shielding sensitive customer data and preserving trust, lifting compliance and operational costs. In the face of fierce competition, evolving regulations and shifting customer preferences, consolidation through M&As is poised to be a viable trend for survival and growth, especially among smaller financial institutions like credit unions. While rate cuts will challenge profitability within the sector, expansionary economic policies are poised to stimulate business and mortgage lending activity, presenting opportunities for strategic growth in a dynamic market. These trends are why Finance subdivision revenue is forecast to rise by an annualised 1.1% over the five years through the end of 2029-30, to $554.9 billion