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The Biggest Banks in the World Are Sitting On Tons of Money

Joel Anderson

The world’s biggest banks are, well, downright huge. It’s easy to overlook just how much money the largest banking firms are sitting on, but the truth is that billions — and sometimes even trillions — are flowing through their coffers throughout the year.

On the surface, the numbers can be pretty galling. After all, the biggest bank in the world has more assets under management than the gross domestic product of every country save for the United States, China and Japan. But, it’s also important to put those numbers in context. After all, providing a safe haven for assets is the main reason for the existence of banks. Not to mention, the assets are largely balanced out by similarly huge amounts of debt in most cases. JPMorgan Chase might have $2.5 trillion in AUM, but it also has $2.4 trillion in liabilities.

Still, none of this changes the fact that the largest banks wield a huge — and potentially dangerous — degree of influence over the global economy, so knowing the biggest players can be essential to understanding financial markets. Read on to see just how much the world’s largest banks have under their control.

100. State Street Corp.

  • Headquarters: U.S.
  • Total assets: $238.43 billion

99. Industrial Bank of Korea


  • Headquarters: South Korea
  • Total assets: $256.56 billion

98. Bayerische Landesbank


  • Headquarters: Germany
  • Total assets: $257.59 billion

97. BFA Sociedad Tenedora de Acciones SAU


  • Headquarters: Spain
  • Total assets: $261.43 billion

96. Bank of Jiangsu Co. Ltd.


  • Headquarters: China
  • Total assets: $261.57 billion

95. Erste Group Bank AG


  • Headquarters: Austria
  • Total assets: $264.96 billion

94. Banco de Sabadell SA


  • Headquarters: Spain
  • Total assets: $265.79 billion

93. United Overseas Bank Ltd.


  • Headquarters: Singapore
  • Total assets: $268.32 billion

92. Swedbank AB


  • Headquarters: Sweden
  • Total assets: $270.31 billion

91. Bank of Shanghai Co. Ltd.


  • Headquarters: China
  • Total assets: $277.83 billion

90. La Banque Postale SA


  • Headquarters: France
  • Total assets: $277.95 billion

89. Landesbank Baden-Wurttemberg


  • Headquarters: Germany
  • Total assets: $285.78 billion

88. Cathay Financial Holding Co. Ltd.


  • Headquarters: Taiwan
  • Total assets: $288.33 billion

87. China Guangfa Bank Co. Ltd.


  • Headquarters: China
  • Total assets: $294.64 billion

86. Woori Bank


  • Headquarters: South Korea
  • Total assets: $296.08 billion

85. Skandinaviska Enskilda Banken AB


  • Headquarters: Sweden
  • Total assets: $312.69 billion

84. Nationwide Building Society


  • Headquarters: United Kingdom
  • Total assets: $314.66 billion

83. DNB ASA


  • Headquarters: Norway
  • Total assets: $329.63 billion

82. Hana Financial Group Inc.


  • Headquarters: South Korea
  • Total assets: $337.08 billion

81. Svenska Handelsbanken AB


  • Headquarters: Sweden
  • Total assets: $338.03 billion

80. Oversea-Chinese Banking Corp. Ltd.


  • Headquarters: Singapore
  • Total assets: $340.41 billion

79. Bank of Beijing Co. Ltd.


  • Headquarters: China
  • Total assets: $342.51 billion

78. KBC Group NV


  • Headquarters: Belgium
  • Total assets: $351.04 billion

77. NongHyup Financial Group Inc.


  • Headquarters: South Korea
  • Total assets: $363.90 billion

76. Capital One Financial Corp.


  • Headquarters: U.S.
  • Total assets: $365.69 billion

75. Hua Xia Bank Co. Ltd.


  • Headquarters: China
  • Total assets: $368.19 billion

74. Banco Bradesco SA


  • Headquarters: Brazil
  • Total assets: $369.60 billion

73. Bank of New York Mellon Corp.


  • Headquarters: U.S.
  • Total assets: $371.76 billion

72. Caixa Economica Federal


  • Headquarters: Brazil
  • Total assets: $380.59 billion

71. PNC Financial Services Group Inc. (PNC Bank)


  • Headquarters: U.S.
  • Total assets: $380.77 billion

70. DBS Group Holdings Ltd.


  • Headquarters: Singapore
  • Total assets: $387.38 billion

69. Nomura Holdings Inc.


  • Headquarters: Japan
  • Total assets: $394.90 billion

68. Shinhan Financial Group Co. Ltd.


  • Headquarters: South Korea
  • Total assets: $339.07 billion

67. Banco do Brasil SA


  • Headquarters: Brazil
  • Total assets: $408.46 billion

66. KB Financial Group Inc.


  • Headquarters: South Korea
  • Total assets: $408.88 billion

65. Itau Unibanco Holding SA


  • Headquarters: Brazil
  • Total assets: $433.18 billion

64. CaixaBank SA


  • Headquarters: Spain
  • Total assets: $460.12 billion

63. U.S. Bancorp (U.S. Bank)


  • Headquarters: U.S.
  • Total assets: $462.04 billion

62. ABN AMRO Group NV


  • Headquarters: Holland
  • Total assets: $468.85 billion

61. PAO Sberbank of Russia


  • Headquarters: Russia
  • Total assets: $471.37 billion

60. Sumitomo Mitsui Trust Holdings Inc.


  • Headquarters: Japan
  • Total assets: $471.89 billion

59. Canadian Imperial Bank of Commerce


  • Headquarters: Canada
  • Total assets: $477.60 billion

58. Ping An Bank Co. Ltd.


  • Headquarters: China
  • Total assets: $499.25 billion

57. Cassa Depositi e Prestiti SpA


  • Headquarters: Italy
  • Total assets: $503.76 billion

56. Resona Holdings Inc.


  • Headquarters: Japan
  • Total assets: $507.61 billion

55. State Bank of India


  • Headquarters: India
  • Total assets: $535.04 billion

54. Commerzbank AG


  • Headquarters: Germany
  • Total assets: $543.34 billion

53. Danske Bank A/S


  • Headquarters: Germany
  • Total assets: $570.83 billion

52. Bank of Montreal


  • Headquarters: Canada
  • Total assets: $592.32 billion

51. DZ BANK AG


  • Headquarters: Germany
  • Total assets: $607.11 billion

50. National Australia Bank Ltd.


  • Headquarters: Australia
  • Total assets: $618.34 billion

49. China Everbright Bank Co. Ltd.


  • Headquarters: China
  • Total assets: $628.31 billion

48. Standard Chartered PLC


  • Headquarters: United Kingdom
  • Total assets: $663.5 billion

47. Westpac Banking Corp.


  • Headquarters: Australia
  • Total assets: $668.19 billion

46. Nordea Bank AB


  • Headquarters: Sweden
  • Total assets: $698.38 billion

45. Australia & New Zealand Banking Group Ltd.

  • Headquarters: Australia
  • Total assets: $703.84 billion

44. Rabobank


  • Headquarters: Netherlands
  • Total assets: $724.05 billion

43. Commonwealth Bank of Australia


  • Headquarters: Australia
  • Total assets: $751.39 billion

42. Bank of Nova Scotia


  • Headquarters: Canada
  • Total assets: $773.37 billion

41. Banco Bilbao Vizcaya Argentaria SA


  • Headquarters: Spain
  • Total assets: $805.74 billion

40. Credit Suisse Group AG


  • Headquarters: Switzerland
  • Total assets: $817.08 billion

39. Credit Mutuel Group


  • Headquarters: France
  • Total assets: $836.87 billion

38. Morgan Stanley


  • Headquarters: U.S.
  • Total assets: $851.73 billion

37. China CITIC Bank Corp. Ltd.


  • Headquarters: China
  • Total assets: $872.59 billion

36. China Minsheng Banking Corp. Ltd.


  • Headquarters: China
  • Total assets: $907.08 billion

35. Goldman Sachs Group Inc.


  • Headquarters: U.S.
  • Total assets: $916.78 billion

34. UBS Group AG


  • Headquarters: Switzerland
  • Total assets: $939.54 billion

33. Shanghai Pudong Development Bank Co. Ltd.


  • Headquarters: China
  • Total assets: $942.88 billion

32. Intesa Sanpaolo SpA


  • Headquarters: Italy
  • Total assets: $961.22 billion

31. China Merchants Bank Co. Ltd.


  • Headquarters: China
  • Total assets: $967.87 billion

30. Industrial Bank Co. Ltd.


  • Headquarters: China
  • Total assets: $986.55 billion

29. Royal Bank of Scotland Group PLC


  • Headquarters: Scotland
  • Total assets: $997.58 billion

28. UniCredit SpA


  • Headquarters: Italy
  • Total assets: $1 trillion

27. Norinchukin Bank


  • Headquarters: Japan
  • Total assets: $1.01 trillion

26. ING Groep NV


  • Headquarters: Netherlands
  • Total assets: $1.02 trillion

25. Toronto-Dominion Bank (TD Bank)


  • Headquarters: Canada
  • Total assets: $1.03 trillion

24. Royal Bank of Canada


  • Headquarters: Canada
  • Total assets: $1.04 trillion

23. Lloyds Bank Group PLC


  • Headquarters: United Kingdom
  • Total assets: $1.1 trillion

22. Postal Savings Bank of China Co. Ltd.


  • Headquarters: China
  • Total assets: $1.39 trillion

21. Bank of Communications Co. Ltd.


  • Headquarters: China
  • Total assets: $1.39 trillion

20. Groupe BPCE


  • Headquarters: France
  • Total assets: $1.51 trillion

19. Societe Generale SA


  • Headquarters: France
  • Total assets: $1.53 trillion

18. Barclays PLC


  • Headquarters: United Kingdom
  • Total assets: $1.53 trillion

17. Mizuho Financial Group Inc.


  • Headquarters: Japan
  • Total assets: $1.72 trillion

16. Banco Santander SA


  • Headquarters: Spain
  • Total assets: $1.74 trillion

15. Sumitomo Mitsui Financial Group Inc.


  • Headquarters: Japan
  • Total assets: $1.76 trillion

14. Deutsche Bank AG


  • Headquarters: Germany
  • Total assets: $1.77 trillion

13. Citigroup Inc. (Citibank)


  • Headquarters: U.S.
  • Total assets: $1.84 trillion

12. Japan Post Bank Co. Ltd.


  • Headquarters: Japan
  • Total assets: $1.87 trillion

11. Wells Fargo & Co.


  • Headquarters: U.S.
  • Total assets: $1.95 trillion

10. Credit Agricole Group


  • Headquarters: France
  • Total assets: $2.12 trillion

9. Bank of America Corp.


  • Headquarters: U.S.
  • Total assets: $2.28 trillion

8. BNP Paribas SA


  • Headquarters: France
  • Total assets: $2.36 trillion

7. HSBC Holdings PLC


  • Headquarters: United Kingdom
  • Total assets: $2.52 trillion

6. JPMorgan Chase & Co. (Chase Bank)


  • Headquarters: U.S.
  • Total assets: $2.53 trillion

5. Mitsubishi UFJ Financial Group Inc.


  • Headquarters: Japan
  • Total assets: $2.79 trillion

4. Bank of China Ltd.


  • Headquarters: China
  • Total assets: $2.99 billion

3. Agricultural Bank of China Ltd.


  • Headquarters: China
  • Total assets $3.26 trillion

2. China Construction Bank Corp.


  • Headquarters: China
  • Total assets: $3.4 trillion

1. Industrial & Commercial Bank of China Ltd.


  • Headquarters: China
  • Total assets: $4.01 trillion

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Methodology: GOBankingRates determined the largest banks in the world by sourcing S&P Global’s Market Intelligence 2018 report of global banks. Banks were ranked by total assets under management. All data used to conduct this ranking was compiled and verified on Aug. 19, 2019.

Photos are for illustrative purposes only. As a result, some of the images may not reflect the bank institutions listed in the article.

This article originally appeared on GOBankingRates.com: The Biggest Banks in the World Are Sitting On Tons of Money