Top 50 World Banks 2023

The World's largest banks and banking groups by market value

The U.S. banking giant JPMorgan Chase & Co. was the largest bank in the World in terms of market capitalization. The world's 50 biggest banks had a combined market capitalization of more than US$ 4.21 trillion (as of January 2023). World's Biggest Banks 2024

# Bank Country Market cap,
US$ billion
1 JP Morgan Chase USA 396.4
2 Bank of America USA 270.7
3 ICBC China 218.6
4 China Merchants Bank China 178.4
5 Wells Fargo USA 168.4
6 China Construction Bank China 165.4
7 Morgan Stanley USA 161.2
8 Agricultural Bank of China China 148.4
9 HSBC Holdings UK 147.1
10 Royal Bank of Canada Canada 139.2
11 Bank of China China 131.8
12 Commonwealth Bank of Australia Australia 127.7
13 Toronto-Dominion Bank Canada 121.4
14 Goldman Sachs USA 114.5
15 Citigroup USA 99.0
16 Mitsubishi UFJ Financial Group Japan 94.2
17 BNP Paribas France 80.0
18 U.S. Bancorp USA 71.1
19 Bank of Montreal Canada 69.5
20 National Australia Bank Australia 69.4
21 UBS Switzerland 67.6
22 PNC Financial Services Group USA 62.1
23 Bank of Nova Scotia Canada 61.6
24 Westpac Australia 58.4
25 Sumitomo Mitsui Financial Group Japan 58.3
26 Banco Santander Spain 56.3
27 ANZ Banking Group Australia 51.7
28 Bank of Communications China 50.3
29 ING Group Netherlands 48.6
30 Itau Unibanco Holding Brazil 48.0
31 Intesa Sanpaolo Italy 46.1
32 Nordea Bank Sweden 42.1
33 BBVA Spain 41.7
34 Lloyds Banking Group UK 41.1
35 Bank of New York Mellon USA 39.8
36 Mizuho Financial Group Japan 39.8
37 Capital One USA 39.7
38 CIBC Canada 37.0
39 NatWest Group Canada 36.0
40 Barclays UK 35.6
41 Credit Agricole France 35.1
42 China CITIC Bank China 32.6
43 UniCredit Italy 31.5
44 KBC Group Belgium 30.5
45 Banco Bradesco Brazil 30.1
46 Deutsche Bank Germany 26.6
47 Standard Chartered UK 25.1
48 China Minsheng Banking Corp. China 24.7
49 Societe Generale France 21.1
50 Swedbank Sweden 20.8
Total market capitalization 4,213

Source: Stock Market Data

Exchange Rates for 20.01.2023: 1 USD = 7.8347 HKD | 1.4364 AUD | 1.3392 CAD | 0.91938 EUR | 0.80697 GBP | 10.295 SEK


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