The world's

Previou 100 largest banks

Current
Current s vs.
rank^ rank^^ previous Company (ticker-exchange)
1 1 NC Industrial and Commercial Bank of China Ltd. (1398-SEHK)
2 3 ▲ Agricultural Bank of China Ltd. (1288-SEHK)
3 2 ▼ China Construction Bank Corp. (939-SEHK)1
4 4 NC Bank of China Ltd. (3988-SEHK)1
5 5 NC JPMorgan Chase & Co. (JPM-NYSE)
6 6 NC Bank of America Corp. (BAC-NYSE)
7 8 ▲ HSBC Holdings PLC (HSBA-LSE)2
8 9 ▲ BNP Paribas SA (BNP-ENXTPA)3
9 7 ▼ Mitsubishi UFJ Financial Group Inc. (8306-TSE)
10 10 NC Crédit Agricole Group4
11 12 ▲ Postal Savings Bank of China Co. Ltd. (1658-SEHK)
12 11 ▼ Citigroup Inc. (C-NYSE)5
13 13 NC Sumitomo Mitsui Financial Group Inc. (8316-TSE)
14 17 ▲ Banco Santander SA (SAN-BME)
15 15 NC Bank of Communications Co. Ltd. (3328-SEHK)
16 16 NC Wells Fargo & Co. (WFC-NYSE)
17 14 ▼ Mizuho Financial Group Inc. (8411-TSE)
18 18 NC Barclays PLC (BARC-LSE)6
19 22 ▲ Société Générale SA (GLE-ENXTPA)7
20 20 NC UBS Group AG (UBSG-SWX)
21 21 NC Groupe BPCE
22 26 ▲ Goldman Sachs Group Inc. (GS-NYSE)
23 19 ▼ JAPAN POST BANK Co. Ltd. (7182-TSE)
24 23 ▼ Royal Bank of Canada (RY-TSX)*8
25 25 NC China Merchants Bank Co. Ltd. (600036-SHSE)
26 27 ▲ Deutsche Bank AG (DBK-XTRA)
27 28 ▲ Industrial Bank Co. Ltd. (601166-SHSE)
28 24 ▼ Toronto-Dominion Bank (TD-TSX)*
29 29 NC China Citic Bank Corp. Ltd. (998-SEHK)
30 32 ▲ Crédit Mutuel Group
31 30 ▼ Shanghai Pudong Development Bank Co. Ltd. (600000-SHSE
32 31 ▼ Morgan Stanley (MS-NYSE)
33 33 NC Lloyds Banking Group PLC (LLOY-LSE)
34 34 NC China Minsheng Banking Corp. Ltd. (600016-SHSE)
35 36 ▲ ING Groep NV (INGA-ENXTAM)
36 35 ▼ Intesa Sanpaolo SpA (ISP-BIT)9
37 37 NC Bank of Nova Scotia (BNS-TSX)*
38 41 ▲ Bank of Montreal (BMO-TSX)*
39 39 NC China Everbright Bank Co. Ltd. (601818-SHSE)
40 40 NC NatWest Group PLC (NWG-LSE)
41 38 ▼ UniCredit SpA (UCG-BIT)10
42 42 NC Commonwealth Bank of Australia (CBA-ASX)11
43 46 ▲ Banco Bilbao Vizcaya Argentaria SA (BBVA-BME)
44 43 ▼ Standard Chartered PLC (STAN-LSE)12
45 44 ▼ La Banque Postale SA
46 45 ▼ Ping An Bank Co. Ltd. (000001-SZSE)
47 48 ▲ State Bank of India (SBIN-NSEI)
48 54 ▲ ANZ Group Holdings Ltd. (ANZ-ASX)**13
49 49 NC Canadian Imperial Bank of Commerce (CM-TSX)*
50 53 ▲ DZ Bank AG
51 47 ▼ Norinchukin Bank
52 50 ▼ National Australia Bank Ltd. (NAB-ASX)**
53 52 ▼ Rabobank
54 57 ▲ CaixaBank SA (CABK-BME)
55 55 NC Westpac Banking Corp. (WBC-ASX)**
56 51 ▼ U.S. Bancorp (USB-NYSE)
57 56 ▼ Nordea Bank Abp (NDA SE-OM)14
58 71 ▲ Capital One Financial Corp. (COF-NYSE)15
59 58 ▼ Sberbank of Russia (SBER-MISX)
60 69 ▲ Commerzbank AG (CBK-XTRA)
61 65 ▲ Hua Xia Bank Co. Ltd. (600015-SHSE)**
62 60 ▼ PNC Financial Services Group Inc. (PNC-NYSE)
63 63 NC DBS Group Holdings Ltd. (D05-SGX)
64 73 ▲ Itaú Unibanco Holding SA (ITUB4-BOVESPA)
65 59 ▼ KB Financial Group Inc. (A105560-KOSE)
66 64 ▼ Danske Bank A/S (DANSKE-CPSE)14
67 62 ▼ Truist Financial Corp. (TFC-NYSE)
68 66 ▼ Shinhan Financial Group Co. Ltd. (A055550-KOSE)
69 61 ▼ Resona Holdings Inc. (8308-TSE)16
70 68 ▼ Sumitomo Mitsui Trust Holdings Inc. (8309-TSE)
71 70 ▼ Bank of Beijing Co. Ltd. (601169-SHSE)**
72 67 ▼ China Guangfa Bank Co. Ltd.***
73 NA NA Charles Schwab Corp. (SCHW-NYSE)
74 NR ▲ HDFC Bank Ltd. (HDFCBANK-NSEI)17
75 76 ▲ Bank of Jiangsu Co. Ltd. (600919-SHSE)**
76 72 ▼ Hana Financial Group Inc. (A086790-KOSE)
77 83 ▲ Banco do Brasil SA (BBAS3-BOVESPA)
78 98 ▲ Nationwide Building Society (NBS-LSE)**18
79 82 ▲ China Zheshang Bank Co. Ltd. (2016-SEHK)
80 74 ▼ Oversea-Chinese Banking Corp. Ltd. (O39-SGX)
81 79 ▼ Bank of Shanghai Co. Ltd. (601229-SHSE)
82 78 ▼ ABN AMRO Bank NV (ABN-ENXTAM)
83 77 ▼ Bank of New York Mellon Corp. (BK-NYSE)
84 84 NC United Overseas Bank Ltd. (U11-SGX)11
85 90 ▲ Banco Bradesco SA (BBDC4-BOVESPA)
86 75 ▼ NongHyup Financial Group Inc.**
87 85 ▼ Nomura Holdings Inc. (8604-TSE)
88 80 ▼ Woori Financial Group Inc. (A316140-KOSE)
89 81 ▼ KBC Group NV (KBC-ENXTBR)
90 NR ▲ Caixa Econômica Federal
91 87 ▼ Erste Group Bank AG (EBS-WBAG)
92 86 ▼ Landesbank Baden-Württemberg
93 89 ▼ Bank of Ningbo Co. Ltd. (002142-SZSE)**
94 91 ▼ Skandinaviska Enskilda Banken AB (publ) (SEB A-OM)
95 99 ▲ Raiffeisen Gruppe Switzerland
 96 93 ▼ Svenska Handelsbanken AB (publ) (SHB A-OM)
97 88 ▼ Industrial Bank of Korea (A024110-KOSE)
98 94 ▼ DNB Bank ASA (DNB-OB)
99 95 ▼ Qatar National Bank (QPSC) (QNBK-DSM)
100 92 ▼ VTB Bank PJSC (VTBR-MISX)
Data compiled April 5, 2024.
NC=no change; NR=not ranked, company was not included in the previous year's ranking; NA=not applicable, Charles Schwab Corp. was no
Companies classified by S&P Global Market Intelligence as "banks" or "savings banks/thrifts/mutuals," companies regulated in the U.S. as ba
Only one institution per corporate structure is included in the rankings.
Rankings account for completed and pending S&P Global Market intelligence-covered bank deals on a best-efforts basis. Generally, deals wit
Total assets are as of Dec. 31, 2023, unless stated otherwise.
^ Pro forma for mergers as of March 31, 2024.
^^ Company ranking in the previous year's article published April 17, 2023.
* Data is as of Jan. 31, 2024.
** Data is as of Sept. 30, 2023.
*** Data is as of Dec. 31, 2022.
1 China Construction Bank Corp.'s assets were reduced by $4.51 billion to account for its pending sale of a 59.3% stake in China Constructio
2 HSBC Holdings PLC's total assets were adjusted downward by $114.13 billion, the amount reported by HSBC as assets held for sale at yea
3 BNP Paribas SA's total assets were adjusted higher by $4.04 billion for the pending acquisition of Orange Bank SA and $1.08 billion lower f
4 Crédit Agricole Group's assets were increased by $9.97 billion to account for the pending majority acquisition of Banque Degroof Petercam
5 Citigroup's assets were adjusted downward by $211 billion, the amount reported by the company relating to its legacy franchises, includin
6 Barclays PLC's total assets were adjusted upward by $9.76 billion due to the pending acquisition of the retail banking operations of Tesco
7 Société Générale SA's assets adjusted downward by $252.18 million for the pending sale of Banco Société Générale Moçambique SA. Asse
8 Royal Bank of Canada's assets were increased by $90.65 billion to account for its acquisition of HSBC Canada, which was completed on Ma
9 Intesa Sanpaolo SpA's total assets were adjusted higher by $1.67 billion to account for the pending acquisition of First Bank SA. Assets we
10 Unicredit SpA's assets were increased by $5.24 billion to account for its pending acquisition of Alpha Bank Romania SA.
11 Commonwealth Bank of Australia's assets have been adjusted lower by $1.04 billion to account for the pending sale of PT Bank Common
12 Standard Chartered's assets were not adjusted for the pending sales of multiple subsidiaries in African countries due to a lack of current
13 ANZ Group Holdings Ltd.'s assets were adjusted higher by $56.15 billion to account for its pending acquisition of Suncorp Group Ltd.'s ba
14 Nordea Bank Abp's assets were increased by $16.42 billion and Danske Bank A/S's assets were decreased by the same amount to accoun
15 Capital One Financial Corp.'s assets were increased by $151.52 billion for its pending acquisition of Discover Financial Services.
16 Resona Holding Inc.'s assets were adjusted higher by $1.15 billion and $466.9 million to account for its acquisitions of Resona Leasing Co
17 HDFC Bank Ltd.'s assets were reduced by $2.00 billion to account for its sale of HDFC Credila Financial Services Ltd. HDFC Credila's total
18 Nationwide Building Society's total assets were adjusted upward by $112.01 billion due to the pending acquisition of Virgin Money UK PLC
Data is reported in native currencies and converted to U.S. dollars using end-of-period exchange rates.
Source: S&P Global Market Intelligence.
© 2024 S&P Global.
 Total
Accounting assets
Headquarters principle ($B)
China IFRS 6,303.44
China IFRS 5,623.12
China IFRS 5,400.28
China IFRS 4,578.28
US U.S. GAAP 3,875.39
US U.S. GAAP 3,180.15
UK IFRS 2,919.84
France IFRS 2,867.44
Japan Japanese GAAP 2,816.77
France IFRS 2,736.95
China IFRS 2,217.86
US U.S. GAAP 2,200.83
Japan Japanese GAAP 2,027.34
Spain IFRS 1,986.36
China IFRS 1,982.89
US U.S. GAAP 1,932.47
Japan Japanese GAAP 1,923.56
UK IFRS 1,891.72
France IFRS 1,717.49
Switzerland IFRS 1,717.25
France IFRS 1,706.80
US U.S. GAAP 1,641.59
Japan Japanese GAAP 1,625.60
Canada IFRS 1,566.41
China IFRS 1,555.30
Germany IFRS 1,450.57
China PRC GAAP 1,432.59
Canada IFRS 1,428.29
China IFRS 1,276.63
France IFRS 1,262.95
China IFRS 1,207.18
US U.S. GAAP 1,193.69
UK IFRS 1,122.76
China IFRS 1,082.37
Netherlands IFRS 1,078.35
Italy IFRS 1,066.74
Canada IFRS 1,041.11
Canada IFRS 990.19
China IFRS 955.14
UK IFRS 882.30
Italy IFRS 872.90
Australia Australian IFRS 868.74
Spain IFRS 857.25
UK IFRS 822.84
France IFRS 815.91
China PRC GAAP 787.93
India Indian GAAP 780.05
Australia Australian IFRS 769.59
Canada IFRS 726.27
Germany IFRS 712.49
Japan Japanese GAAP 702.03
Australia Australian IFRS 683.41
Netherlands IFRS 678.45
Spain IFRS 671.13
Australia Australian IFRS 664.50
US U.S. GAAP 663.49
Finland IFRS 662.71
US U.S. GAAP 629.99
Russia IFRS 581.88
Germany IFRS 571.64
China PRC GAAP 562.58
US U.S. GAAP 561.58
Singapore Singapore FRS 560.10
Brazil BR GAAP 555.72
South Korea Korean IFRS 551.94
Denmark IFRS 542.81
US U.S. GAAP 535.35
South Korea Korean IFRS 533.48
Japan Japanese GAAP 527.53
Japan Japanese GAAP 520.34
China PRC GAAP 503.31
China PRC GAAP 495.55
US U.S. GAAP 493.18
India Indian GAAP 464.34
China PRC GAAP 457.25
South Korea Korean IFRS 456.47
Brazil BR GAAP 447.72
UK IFRS 446.95
China IFRS 443.37
Singapore Singapore FRS 441.53
China PRC GAAP 435.14
Netherlands IFRS 417.72
US U.S. GAAP 409.88
Singapore Singapore FRS 396.62
Brazil BR GAAP 394.76
South Korea Korean IFRS 394.46
Japan U.S. GAAP 388.42
South Korea Korean IFRS 384.04
Belgium IFRS 383.47
Brazil BR GAAP 377.29
Austria IFRS 372.67
Germany IFRS 368.41
China PRC GAAP 365.96
Sweden IFRS 358.79
Switzerland Swiss GAAP 352.87
 Sweden IFRS 351.79
South Korea Korean IFRS 345.81
Norway IFRS 339.21
Qatar IFRS 338.14
Russia IFRS 326.85

pplicable, Charles Schwab Corp. was not eligible for inclusion in the previous year's ranking.
" companies regulated in the U.S. as bank holding companies, or any financial holding companies with significant banking subsidiaries are included in the

a best-efforts basis. Generally, deals with asset transfers of at least $1 billion have been adjusted using the most recent available assets of the target com

e of a 59.3% stake in China Construction Bank (Brasil) Banco Múltiplo SA to Bank of China Ltd. Bank of China Ltd.'s assets were increased by the same am
by HSBC as assets held for sale at year-end 2023. According to the company, the assets were mainly related to its retail operations in France and bankin
range Bank SA and $1.08 billion lower for the pending sale of Banque Internationale pour le Commerce et l'Industrie du Sénégal SA.
acquisition of Banque Degroof Petercam SA. Banque Degroof's assets were as of Dec. 31, 2022.
elating to its legacy franchises, including Mexico Consumer Banking and Mexico Small Business Middle-Market Banking, Asia Consumer Banking (represen
the retail banking operations of Tesco Bank, a subsidiary of Tesco Personal Finance PLC. Tesco Bank's assets are as of Aug. 31, 2023.
Société Générale Moçambique SA. Assets were not adjusted for the pending sale of subsidiaries in Equatorial Guinea, Mauritania and Burkina Faso, as we
BC Canada, which was completed on March 28, 2024.
acquisition of First Bank SA. Assets were not adjusted for Intesa's pending sale of Banca Intesa JSC due to a lack of current financial data.
ha Bank Romania SA.
r the pending sale of PT Bank Commonwealth to Oversea-Chinese Banking Corp. Ltd. Oversea-Chinese Banking Corp.'s assets have been adjusted higher
rican countries due to a lack of current financial data.
g acquisition of Suncorp Group Ltd.'s banking arm. Total assets were sourced from Suncorp-Metway Ltd. at Dec. 31, 2023.
ecreased by the same amount to account for Danske's sale of its Norwegian personal customer and private banking business to Nordea. The asset amoun
of Discover Financial Services.
or its acquisitions of Resona Leasing Co. Ltd. and Daiwa Factor & Leasing Co. Ltd., respectively, from Mitsubishi HC Capital. Both asset figures are from M
ncial Services Ltd. HDFC Credila's total assets were as of March 31, 2023.
ding acquisition of Virgin Money UK PLC. Asset figures shown are as of Sept. 30, 2023.
subsidiaries are included in these rankings.

ailable assets of the target company or the deal announcement/completion assets where available. The rankings exclude development banks and entities

were increased by the same amount.

perations in France and banking operations in Canada. Assets were also adjusted downwards by $4.7 billion to account for the pending sale of HSBC Arge

a Consumer Banking (representing the consumer banking operations of the remaining four exit countries, Korea, Poland, China and Russia) and Legacy H

tania and Burkina Faso, as well as the sale of its subsidiary in Chad, which was completed in January 2024, due to a lack of current data on total assets in

financial data.

ets have been adjusted higher by the same amount.

ss to Nordea. The asset amount was pulled from Danske's reported 110.70 billion Danish kroner in assets held for sale under IFRS 5 as of Dec. 31, 2023.

Both asset figures are from March 31, 2023.

 development banks and entities that act as central banks/banking associations/supervisors for banking groups.

or the pending sale of HSBC Argentina. HSBC Argentina's total assets are as of Feb. 29, 2024, as reported by the company.

China and Russia) and Legacy Holding Assets, primarily legacy consumer mortgage loans in North America that the company continues to wind down.

of current data on total assets in those subsidiaries.

der IFRS 5 as of Dec. 31, 2023.

pany continues to wind down.
Impact of US GAAP netting/offsetting treatment for derivatives
Derivative
Reported data assets, Adjusted
Global Total netting/offsetti total
top 100 assets ng amounts assets
Company (ticker-exchange) rank ($B) ($B) ($B)
JPMorgan Chase & Co. (JPM-NYSE) 5 3,875.39 484.38
### 4,359.78
Bank of America Corp. (BAC-NYSE) 6 3,180.15 251.00
### 3,431.15
Citigroup Inc. (C-NYSE) 12 2,200.83 329.66 2,530.49
Wells Fargo & Co. (WFC-NYSE) 16 1,932.47 55.15 1,987.62
Goldman Sachs Group Inc. (GS-NYSE) 22 1,641.59 371.11 2,012.71
Morgan Stanley (MS-NYSE) 32 1,193.69 289.14 1,482.83
U.S. Bancorp (USB-NYSE) 56 663.49 3.67 667.16
Capital One Financial Corp. (COF-NYSE) 58 629.99 1.01 630.99
PNC Financial Services Group Inc. (PNC-NYSE) 62 561.58 2.53 564.11
Truist Financial Corp. (TFC-NYSE) 67 535.35 1.88 537.23
Charles Schwab Corp. (SCHW-NYSE) 73 493.18 0.00 493.18
Bank of New York Mellon Corp. (BK-NYSE) 83 409.88 8.26 418.13
Nomura Holdings Inc. (8604-TSE)* 87 388.42 131.83 520.26
Data compiled April 5, 2024.

US GAAP allows the netting of derivative assets and the related cash collateral where a legally enforceable master netting
agreement exists with counterparty. This provision is limited under other accounting standards like IFRS and causes
significant differences in total assets reported under the different accounting regimes. The chart seeks to narrow these
differences by making the required adjustments on a best-efforts basis. The numbers shown have been limited to master
netting adjustments and cash collateral adjustments for derivative contracts where such distinction is available.
Derivative adjustments are taken as reported by the company and are not adjusted for any pending sales or acquisitions.
* Offsetting amount converted to US dollars.
Data is reported in native currencies and converted to U.S. dollars using the end-of-period exchange rates.
Source: S&P Global Market Intelligence
© 2024 S&P Global.
vatives