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Top 10 Best Financial Institutions in the World

Financial institutions such as banks, credit card companies, insurance companies, accountancy companies, stock brokerages and other financial institutions that specialize in offering financial services differ in their ranking. It is difficult to find one company ranked as the 1st one on the list of the best financial institutions in terms of everything. There are many criteria which are used for ordering financial companies and this why you will find that the lists of ranking these companies are not the same. The order differs according to the criterion upon which the order is based. Some lists are based in their ordering to the financial institutions on the market capitalization, while there are others which are based on total assets or annual revenues. To know more about the best financial institutions, take a look at the following top 10 financial institutions which are ordered in terms of their annual revenue.

10 Fannie Mae

It is formally known as Federal National Mortgage Association and is abbreviated as FNMA. It is commonly referred to as Fannie Mae and was established in 1938. The company specializes in offering investment services and its headquarters is located in Washington, D.C., United States. The annual revenue of the company is approximately $22.9 billion.

9 ING Group

It specializes in offering banking and financial services and its name is short for Internationale Nederlanden Groep. The corporation was founded in 1991 and its headquarters is based in Amsterdam, Netherlands. It was ranked before as the largest banking and financial services group in terms of revenue. Its annual revenue is approximately $57.77 billion.

8 Santander Group

It is a banking group that was founded in 1857. Its headquarters is located in Santander, Spain and its annual revenue is estimated to be about $58.25 billion. It is ranked as the largest banking group in the world by market capitalization and is also the largest bank in Eurozone in terms of market value.

7 BNP Paribas

It is a financial services company and a bank that was founded in 2000. It is ranked as one of the largest banks in the world. Its headquarters is based in Boulevard des Italiens, Paris, France and its annual revenue is approximately $64.84 billion.

6 China Construction Bank

It is commonly referred to as CCB as an abbreviation for its long name. It was established in 1954 and its headquarters is based in Beijing, China. It is ranked as one of the largest banks in China and was ranked before as the second largest bank in the world in terms of market capitalization. The annual revenue of the bank is around $65.06 billion.

5 Industrial and Commercial Bank of China

It is commonly referred to as ICBC. It is ranked as the largest bank in the world in terms of its market capitalization and total assets. The bank was established in 1984 to offer its banking, financial and investment services. The headquarters of the bank is located in Beijing, China and its annual revenue is estimated to be approximately $77.86 billion.

4 AXA

It is a financial services company which specializes in offering retirement, insurance and investment services. It was founded in 1817 and is headquartered in Matignon, Paris, France. The company’s annual revenue is approximately $116.65 billion.

3 Assicurazioni Generali

It is one of the largest insurance companies in the world and the largest one in Italy. The company was founded in 1831 and its headquarters is situated in Trieste, Italy. The company’s annual revenue is almost $119.96 billion.

2 Allianz

It is a financial services company that was founded in 1891. It was ranked before as the largest insurance company in the world. The company’s headquarters is located in Munich, Germany and its annual revenue is around $144.21 billion.

1 Berkshire Hathaway

It is one of the largest companies that are based in America. It specializes in running different businesses such as life insurance, jewelry sales, retail, home furnishing and other businesses. The company was established in 1839 and it is headquartered in Omaha, Nebraska, United States. The annual revenue of the company is estimated to be around $162.46 billion.

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