This is the list of Top 10 banks in the world and their financial assets. Banks are the most important organizations as banks engage everyday transaction of billions of dollars that’s why banks are considered as most important organization of the world. Banks are playing an important role in the progress of world economy. A bank provides the facility of a current account to corporate loan. In this top 10 ranking the banks have been ranked according to their financial assets, total assets, net profit and market value. But it should be kept in mind that net profit does not show the actual financial condition of a bank. However, it is clear that banks play a vital role in providing facilities to their customers for easy transactions and financial connections.

  1. Barclay

Top 10 banks in the world

In our list of top 10 banks in the world, British multinational banking and financial services company is at no.10. Its headquartered is situated in London. It was found in 1690. It is a global bank. It operates wholesale retail, and investment banking. Its branches are in over 50 countries and the man power is approximately 139,600. It provides services in retail, commercial, investment Management, and corporate banking. It also provides Credit Cards and Wealth Management facility. It provides general insurance and money transmission services only to small and medium sized businesses. This bank has different divisions such as Barclays Wealth, Barclays Investment Bank and Barclaycard. This bank has around 48 million customers in the world. Its top administration is as below:

Group Chairman:          Sir David Walker

Group Chief Executive: Antony Jenkins

Vice Chairman:              Naguib Kheraj

Assets are as under:

Total Assets: $ 2173.4 B

Profit: $ 0.8 B

Market Value: $ 64.6 B 

  1. Deutsche Bank

Top 10 banks in the world

 This is a German bank. It provides financial and banking services. Its head office is in Germany. It was found in 1870. It is a global bank. Its employees are 98,254 in more than 70 countries. It has different partitions such as Global Transaction Banking, Corporate Banking and Securities, Asset and Wealth Management, Global Transaction Banking and private & business client’s operations unit. It has a large presence in Europe, the Americas, Asia-Pacific, and other emerging markets. Its branches are in vital financial centers like London, Singapore, New York City, Tokyo, Hong Kong, Moscow and Paris etc. The bank has private clients, business clients as well as institutional clients. Various services are provided by this bank include sales, acquisitions and unification, trading, research and commencing of debt. It also handles Risk management products such as corporate finance, retail banking, wealth and fund management etc. It has 9th position in this list of top 10 banks in the world. its financial position is as under:

Total Assets: $ 2220.4 B

Market Value: $ 46.5 B

Profit: $ 0.9 B

  1. Bank of China

Top 10 banks in the world
bank of china

The bank of China was found in 1912. The Imperial Bank of China was replaced with this bank. This bank has 305,675 employees. It is the oldest bank of china in continuation. It also issues banknotes for Government. Over all it is the second largest lender in China. The bank of China is headquartered in Beijing. It provides banking and financial services. It has also been a part of the Fortune Global 500 for the last 17 years.  The major operations of this bank are mortgage loans, Securities, private equity consumer banking, credit cards, finance and insurance corporate banking, asset management investment banking, private banking, savings, and wealth management etc. Its top management is given below:

Chairman:   Xiao Gang

President:    Li Lihui

Its financial description is as below:

Total Assets: $ 2291.8 B

Profit: $ 25.5 B

Market Value: $ 124.2 B

It possesses no. 8 in this list of top 10 banks in the world.

  1. Agricultural Bank of China

Top 10 banks in the world
agricultural bank of china Bank

Agricultural Bank of China is generally known as AG Bank. It is among the top four banks of People’s Republic of China. It was established in 1951. Its head office is situated in Beijing. Its branches are in China, New York, Hong Kong, London, Singapore, Tokyo, Frankfurt, Sydney and Seoul. It has around 24,000 branches. Its retail customers are round about 320 million. It has 2.7 million corporate clients. It provides international commercial banking and financial services. The number of its employees is 478,980.  This bank provides the service of Corporate Banking, Personal Banking, Treasury Operations, and others. This bank possesses no. 7 in this list of top 10 banks in the world. It offers various products such as Private equity, Consumer Banking, Investment Banking, Investment Management, Corporate Banking, Global wealth management, Finance and insurance, Mortgages and credit cards. In 2014, it was ranked 3rd by Forbes’ in Global 2000 ranking. Its financial position is as under:

Market Value: $ 141.1 B

Total Assets: $ 2405.4 B

Profit: $ 27 B

  1. JPMorgan Chase

  Bank Top 10 banks in the world

In list of top 10 banks in the world,  bank of JPM Morgan chase is at 6th position. Its Headquarter is in New York. It is the biggest bank in the US. It was brought into being in the year 2000. The bank mainly gives financial and investment banking services and it offers diverse products including merchandise, risk management, consumer banking, corporate banking, finance and insurance, foreign currency exchange, mortgage loans, global banking, credit cards, treasury services etc. The man power of this bank is 2, 51,196. According to Forbes magazine it is the world’s third largest public company. The hedge fund unit of this bank is the indeed second largest hedge fund in the USA. Mr. Jamie Dimon is the CEO, President and the Chairman of JPM Morgan Chase. Its financial position is given below:

Market Value: $ 229.7 B

Total Assets: $ 2435.3 B

Profit: $ 17.3 B

  1. China Construction Bank

 Bank Top 10 banks in the world
China Construction

China Construction Bank was originated in 1954. This bank is among Top four large banks of People’s Republic of China. It is headquartered in Beijing. This bank offers banking, financial services and investment services. China construction Bank has 348,955 employees. It has different business sections including Investment Banking, Personal Banking, Corporate Banking, Treasury Business, and others. The variety of products it offers to the customers is Retail Banking, Corporate Banking, Finance and Insurance, Investment Management, Global Wealth Management, Private Equity, Mortgages, Credit Cards etc. It is the second prime bank by market capitalization and 13th major company in the world. It has 13,629 domestic branches. Its overseas branches are in Frankfurt, Hong Kong, Johannesburg, New York, Seoul, Singapore, Tokyo, Melbourne, and Sydney. The construction bank of china has also an entirely owned subsidiary in London. Its key management is given below:

Chairman:            Wang HOngzhang

President:             Zhang Jianguo

Vice President:     Xin Singapore

Its financial position is as below:

Market Value: $ 174.4 B

Total Assets: $ 2449.5 B

Profit: $ 34.2 B

5th position in the list of top 10 banks in the world is occupied by China Construction Bank

  1. Mitsubishi UFG Financial

Top 10 banks in the world
Mitsubishi UFG Financial

MUFG is a Japanese bank. It is an investment and monetary services company. This bank is headquartered in Japan. It was established in 1880 and is having 85,854 employees. Its financial operations comprise investment and commercial banking, securities trading and trust and asset management. It provides different services including, Mortgage, Credit Cards Wealth Management Corporate Banking, Personal Banking, Investment Banking, Investment Management etc. It is the biggest financial group of Japan and second largest bank Investment Company in the world. It has several subsidiary companies like the bank of Tokyo-Mitsubishi UFJ Ltd, Mitsubishi UFJ Trust and Banking Corporation, Mitsubishi UFJ Securities Co Ltd, Mitsubishi UFJ Nicos Co Ltd, Mitsubishi UFJ Lease & Finance Company Ltd. It occupies no. 4 in this list of top 10 banks in the world.

The key administration of the bank is given below:

Chairman:            Takamune Okihara

Deputy Chairman:         Tatsuo Wakabayashi

President and CEO:       Noburanoyuki Hirano

Financial situation:

Market Value: $ 77.7 B

Total Assets: $ 2458.9 B

Profit: $ 11.3 B

  1. BNP Paribas

Top 10 banks in the world
BNP Paribas

It is at 3rd position in this list of top 10 banks in the world. BNP Paribas is a French bank. Its head office is situated in Paris. It is a financial services company. It was initiated in 2000. It has 184,545 employees. Banque Nationale and De Paris (BNP) were merged to initiate this bank. The different sectors through which the bank operates are: Investment Solutions, Retail Banking, Corporate and Investment Banking. It offers different products and services to the including Mortgage Loans, Asset Management, Corporate Banking, Consumer Banking, Investment Banking, Credit Cards, Private Banking, Wealth Management etc. Its four major domestic markets are France, Italy, Belgium and Luxembourg. It has retail operation in the Poland, United States, Turkey, North Africa and Ukraine. The top management of the bank includes:

Chairman:            Baudouin

CEO:                    Jean-Laurent Bonnafe

Financial situation:

Market Value: $ 98.6 B

Total Assets: $ 2480.5 B

Profit: $ 6.4 B

  1. HSBC Holdings

 Top 10 banks in the world
HSBC Holdings

In in this list of top 10 banks in the world, HSBC is ranked at 2. It is a British multinational banking and financial services company. Its head office is situated in UK. It was originated in 1865 by Mr.Thomas Sutherland. This bank has various subsidiaries including HSBC GLT India, HSBC Bank USA, The Hong Kong and Shanghai Banking Corporation HSBC Mexico, HSBC Bank Brazil, HSBC Finance etc. The employee power of this bank is 254,066. It operates as the investment company for the HSBC group. It provides financial services through Retail Banking and wealth management, Commercial banking, Global banking and markets, and Global private banking. The bank gives the services of Corporate Banking, Investment Banking, Private Banking, Credit Cards, Mortgage Loans, Consumer Banking, and Wealth Management etc. In 85 countries it has 7200 branches. It has 89 million customers in different parts of world.

The key executives of the bank are Douglas Flint (Group Chairman), Stuart Gulliver (Group Chief Executive).

The Top Management of this bank is given below:

Group Chairman:          Douglas Flint

Group Chief Executive: Stuart Gullivers

Its financial situation is:

Market Value: $ 192.6 B

Total Assets: $ 2671.3 B

Profit: $ 16.3 B

  1. Industrial and Commercial Bank of China Limited, China

Top 10 banks in the world
Industrial and Commercial Bank of China Limited, China

The Industrial and Commercial Bank of China was found in 1984. The head office of this bank is in Beijing, China. It has 441,902 employees. In profit earning its position is third according to Forbes top list. The bank provides commercial banking, financial and investment services. The major segments of this top ranked banks are; Personal Banking, Corporate Banking, Treasury Operations etc. This bank possesses no. 1 in this list of top 10 banks in the world. It provides several products and services including Global Wealth Management, Finance and Insurance, Corporate Banking, Mortgages, consumer Banking, Investment Banking, Credit Cards Investment Management, Private Equity, etc.  By market capitalization is the largest bank of the world. It has more than 18,000 outlets including 106 abroad branches and agents globally. It is owned by Chinese government. Its top management is given below:

Chairman and Executive Director:    Jiang Jianqing

Vice President:                                  Luo Xi

CEO:                                                 Yi Huiman

Its financial position is given below:

Market Value: $ 215.6 B

Total Assets: $ 3124.9 B

Profit: $ 42.7 B