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Lists of the top banks in the world will come up with differing names, depending on whether you use assets, revenue, market capitalization, size of customer base or any one of the many other reference points that can measure the relative sizes to grade them. As a result, these usually come up with different results. As well, some banks use reporting methods that have to conform with their own countries’ regulations and so use a different basis for reporting.

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    Most of the listings of banks do not report the top 50 banks in the world by revenue, but rather list the banks by assets or by market capitalization. It requires purchased research from investment advisors to get this information. Three rating agencies Moody’s, Standard & Poor, and Fitch report regularly with the universal reporting system.


    To rank the top 50 banks in the world by market cap will give the most reliable answer because this is a public and real measure, but it will leave out operating banks that are not themselves quoted on a stock exchange but are wholly-owned subsidiaries either of a parent financial institution or of a private entity.



    Of the 50 top banks in the world 2023 by market capitalization, 11 are located in the USA, headed by JPMorgan Chase, which is the largest bank in the world in this ranking. Next on the list is mainland China with 9 banks, headed by Industrial & Commercial Bank, which is number two on the global list.

    Here is a quick look at the top 10 banks in the world:

    To rank the top 10 banks in the world by assets, analysts usually measure the bank’s net asset value, which means deducting outstanding debt and borrowing from the assets owned.


    Coming in at the top 10 banks are:


    1. Industrial and Commercial Bank of China, China
    2. China Construction Bank, China
    3. Agricultural Bank of China, China
    4. Bank of China, China
    5. Mitsubishi UFJ Financial Group, Japan

    6. HSBC, UK
    7. JPMorgan Chase, USA
    8. Bank of America, USA
    9. BNP Paribas, France
    10. Crédit Agricole, France


    For an interactive spreadsheet of the top banks in the world take a look below

    Ranking the world’s banks requires evaluating their performance and standing within the global banking industry using a variety of criteria. The parameters may vary depending on the methodology employed by various ranking organizations.

    Here are some typical criteria that are considered when ranking banks:

    1. The size of a bank’s total assets is a major factor in determining its ranking. This parameter reflects the financial strength and influence of the bank as a whole.
    2. Financial Indicators: Metrics such as profitability, revenue, return on assets (ROA), return on equity (ROE), and net interest margin (NIM) are frequently employed to assess the financial performance of a bank. These indicators help evaluate the bank’s profitability and productivity.
    3. Capital Adequacy: The capital adequacy ratio (CAR) is an important metric that measures a bank’s capacity to absorb losses and maintain stability. Capital ratios that are higher indicate a stronger financial position.
    4. Important indicators of asset quality include the quality of a bank’s loan portfolio and the level of nonperforming loans (NPLs). Lower NPL ratios indicate improved risk management and loan management.
    5. Liquidity: It is crucial to evaluate a bank’s liquidity position and ability to meet short-term obligations. To evaluate liquidity levels, metrics such as the liquidity coverage ratio (LCR) and the net stable funding ratio (NSFR) are considered.
    6. Risk Management: A bank’s risk management practices, such as governance, compliance, and risk controls, are crucial for assessing its overall risk profile and resilience.


    Several organizations and publications rank global banks based on these and other criteria.

    Here are a few prominent organizations that rank banks:

    1. The Banker: This Financial Times Group publication publishes an annual ranking known as “The Top 1000 World Banks.” They evaluate banks using a variety of financial indicators and provide exhaustive rankings.
    2. Forbes: Forbes publishes lists such as “The World’s Largest Public Companies” and “Global 2000” that rank banks based on criteria such as revenue, profit, assets, and market value.
    3. Bloomberg: Bloomberg publishes rankings such as “The Bloomberg 500” and “Bloomberg World Banks Ranking” that take market capitalization, total assets, and profitability into consideration.
    4. Global Finance Magazine publishes rankings such as “The World’s Safest Banks” and “Best Banks by Country,” with an emphasis on stability, risk management, and customer service.


    As for the current rankings of the world’s best banks, they are subject to change annually or as new assessments are conducted. It is recommended to consult the most recent publications and reports from these ranking organizations in order to obtain the most current information on bank rankings.

    There are a few reasons why top banks are often considered to be the best 50 in the world 2023:

    1. Financial stability: Top banks tend to be more financially stable than smaller banks or financial institutions. This is because they have larger asset bases and a more diverse range of financial products and services, which can help to mitigate risks.
    2. Customer service: Top banks generally have a reputation for providing good customer service. This can include things like having a large network of branches and ATMs, as well as offering online and mobile banking services.
    3. Range of products and services: Top banks typically offer a wide range of financial products and services, including checking and savings accounts, loans, credit cards, investment products, and insurance. This can make it easier for customers to manage all of their financial needs in one place.
    4. Convenience: Many top banks have a strong online presence, which makes it easy for customers to access their accounts and perform financial transactions from anywhere.

    Overall, top banks tend to be well-regarded because they offer a combination of financial stability, good customer service, a wide range of products and services, and convenience.

    It is difficult to determine the “best” banks in the world, as different banks excel in different areas and may be the best option for different individuals or businesses. Some factors that could be considered when determining the best bank for a particular person or business include the bank’s financial stability, customer service, fees, convenience, and the range of products and services offered. It is also important to consider whether the bank aligns with your values and meets your specific financial needs.


    Some banks that are often considered to be among the top in the world include JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs, which are all large, global banks with a strong presence in many countries. However, it is important to do your own research and consider the specific needs and priorities of your individual or business before choosing a bank

    To measure how rich a bank is, analysts usually measure the bank’s net asset value, which means deducting outstanding debt and borrowing from the assets owned. In this method, the top 5 richest banks in the world, leaving off the same four Chinese banks, list three from Japan and one each from USA and France. This is largely because Japanese banks are highly structured and very conservative.


    Before the start of the COVID-19 pandemic, there were indications that the world economy was going to grow by around 2.5%, and banks generally would be growing at that rate or slightly faster. However, the drastic effects of the pandemic have made it extremely unlikely that there will be any growth at all, and have also made it very difficult to predict which banks will survive the downgrading better than others.

    The only way to attempt is to consider which countries were performing best, like Taiwan, Japan and Australia, compared to the worst affected, like most of Europe, USA, Brazil and Mexico. It is expected that the medium and long-term effects of the pandemic will show up over the next 18 months and share prices generally will show the results.



    In one of the best analyses of the likely outcome of the pandemic on the top banks in the world, Forbes analysis Anton Guera has written a comprehensive report. His bottom line is that “Potential threats to all banks on the Forbes Global 2000 come from the looming crunch in business activity and spiking distress worldwide.”


    Investment Banks

    Investment banks operate in a special sector of the finance industry, offering management of client’s money rather than commercial activities. Due to the massive size of the US economy, all five of the top 5 investment banks in the world 2023 are American. If the rest of the world is ranked without the USA, then Switzerland with three is the largest followed by Japan, France, UK and Canada with two each.


    Commercial Banks

    Commercial banks offer private and corporate customers the full range of services, such as checking accounts, mortgages and loans, deposit accounts and so on. The top 5 commercial banks in North America include four in the USA and one Canadian. In Europe, the UK, Germany and France share the top 5 commercial banks for now, but Brexit may change this as several larger banks are considering moving into the EU from London.


    Want to know more about the richest banks in the world? Click HERE

    Here is a list of some famous banks in various countries:

    • United States: JPMorgan Chase, Wells Fargo
    • United Kingdom: HSBC, Barclays
    • China: Industrial and Commercial Bank of China (ICBC), China Construction Bank
    • Japan: Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group
    • Germany: Deutsche Bank, Commerzbank
    • France: BNP Paribas, Crédit Agricole
    • Canada: Royal Bank of Canada, TD Bank
    • Australia: Commonwealth Bank, Westpac
    • Brazil: Banco do Brasil, Itaú Unibanco
    • India: State Bank of India, HDFC Bank


    The criteria used to identify a “famous” bank might change and may take into account a variety of elements, including:

    • Brand name: Due to the high level of public awareness that comes with powerful and distinctive brand names, banks may be deemed more well-known.
    • Revenue: Due to their stability and performance in the financial world, banks with large revenue may be regarded as famous.
    • Sponsorship: Due to their increased presence in the public eye, banks that support prominent events or organizations may be thought of being more famous.
    • Number of employees: Due to their size and scope, banks with a large staff base may be more well-known.
    • Market share: Due to their dominance of the local financial industry, banks with a sizable market share in a nation or region may be deemed more well-known.
    • Innovation: Due to the perceived value they provide to their consumers, banks that offer distinctive products and services or implement cutting-edge technologies may be more well-known.
    • Public perception: Banks with a good public image and reputation may be seen as more well-known than others.


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