Banks are considered to be the backbone of economic condition of any country. There are a lot of banks around and many of them are categorized to be the Largest Banks in the World by Global Finance Survey. We have also came up with the list of the Top 10 Best and Largest Banks in the World. The list is arranged and manipulated in the manner to keep in mind the stability and economical gross progress of these banks. Get to know all the banks here so you can have a bird eye view of the Safest yet reliable banking in the World.The really amazing thing is that America is not able to get on top position but still they claim to be the strongest country of the World. On the other hand , China has grabbed two top positions in the list and have proved to be the silent but fastly growing Best Country in the world.Lets go, and check these banks in more detail.
10. The Commonwealth Bank
The Common Wealth Bank in Australia was founded in 1911 and started its operation in 1912 to conduct a great business regarding savings and general purposes. The Bank has been offering a good deal of services and monetary help regarding Australian citizens. One of the oldest yet most reliable Commonwealth bank of Australia has a total market capitalization of 82.62 Billion Dollars. With the aim the bank started its operation to give its clients a flexible and really good support , it stands a good standing still in the banking world.
The CitiGroup of America has been the largest banking network in the world. With a huge and vast community and satisfied clients of the Citi bank it is now providing its optimum performance in 140 different countries. The citi banking group has more than 16,000 offices in the world. The citigroup has a total market capitalization of 86.67 Billion Dollars. The merge which happened in 1998, make it citigroup indeed the largest known bank in the history.
8. Itau UniBanco
One may not be expecting Brazil to get the Number 8th Largest Bank in the world. But you should now come to know that this bank has really played a great role in the business and economy of the country and make it able to trade and make a name in the world. The Itau UniBanco Holdings are known to be the greatest in Southern part of the world. The Itau UniBanco bank has a total market capitalization of 88.18 Billion Dollars.
7. Bank of China
The Bank of China is the official government sector bank of China. The Bank was issuing the notes until the Communist party came and got the government and succeeded to put the communists rule over the people so the bank stopped issuing the old notes, as the government (communists) provided the communist banking system in china . They did made and authorized Peoples Bank of China as the main bank to issue notes in the country . The total Market capitalization of bank of china now is 128.8 Billion Dollars.
6. JP Morgan Chase
Here comes another place for United States of America, where the JP Morgan Chase bank got the 6th spot in the largest bank in the world.The JP Morgan Chase bank was established in 1799 and still holds the best bank position in the world. The bank has made some good distinctions in the era and worked well for the betterment of the economy of US. It is still a main foundation and a pillar for the American economy, with a huge investing.
5. Agricultural Bank of China
The Agricultural Bank of China was made in 1951 and started operating the same year. It is also one of the largest bank as it is now under state ownership and is among the four banks the state runs. The bank proved to be the best support and help for farmers of China and provided them easy money lending and borrowing. It holds it own position for its services. The Market Capitalization of Agricultural bank is 141.72 Billion Dollars.
4. HSBC Holdings
HSBC as we already know is the most famous name in the banking industry. The HSBC holdings is one of the most strongest economical platform in UK. The main headquarters of HSBC bank are located in London.The HSBC Holdings has a total market capitalization of 150.90 Billion Dollars.
3. Wells Fargo & Co
The Wells Fargo and Company is the established United States Company and the Well Fargo & Co Bank in US is the most stable and reliable bank in the world. It has been stabilizing and supporting America’s economic growth for years.The market capitalization for Wells Fargo & Co bank is about 160.72 Billion Dollars.
2. China Construction Bank
China Construction Bank made China again come to the 2nd spot. The bank has been an icon and symbol for financial matters of china for many years. China Construction bank is one of the four banks which are owned by state of China. It has a total market capitalization of 195.85 Billion Dollars .It is also declared as the 12th Biggest and Largest Corporate in the world.
1. Industrial and Commercial Bank of China
China again grabs the top position in the largest banks in the world. As mentioned earlier china has been the only strongest and fastest economically and financially growing country in the world. The Industrial and Commercial bank of china was established in 1984 and kept on progressing till date. Last year the assets of the Commercial bank of china increased to 2 Trillion Dollars. The Bank has a total Market Capitalization of 240.95 Billion Dollars. It is the largest bank in China and the Number 1 bank in state and also worldwide.