Top 10 Largest Banks All Over The World
Business and financing have become the main issues that insure a country’s stability. It is obvious that a country with a fine economy and developing business enjoys high stability and welfare. So, in an article goes through the core of business and financial services, we offer you a list of the top ten largest banks in the world.
Barclays is a global bank focuses on retail and investment banking, wealth management, credit cards, etc. In more than 50 countries with about 48 million customers, the bank runs banking accounts with high accuracy and positivity. In 1906, Barclays increased its branch network through creating requirements of petite English banks. The total assets of Barclays reach 2,266.82 billion dollars.
9 Mitsubishi UFJ Financial Group:
The financial group of Mitsubishi UFJ roots started in 1880 as the Yokohama Specie Bank that was renamed as The Bank Of Tokyo, Ltd. It was established by former samurai Yataro Iwasaki. And in 1919, the Mitsubishi Bank funded the Mitsubishi zaibatsu, today it is Mitsubishi Heavy Industries. Then in April 1996, The Mitsubishi Bank and The Bank of Tokyo amalgamated to form a bigger financial entity.
This bank was established in 1912 by China’s Republican government to substitute the Imperial Bank of China. In truth, it is the oldest bank in China. Although established in 1912, the bank’s history originated to 1905, when the Qing government formed Daqing Hubu Bank, in the Chinese capital. The total assets are 2,435.49 billion dollars.
Deutsche Bank is a German international bank which headquarters is in Frankfurt, Germany. The bank includes over 100,000 employees in more than 70 countries. Indeed, Deutsche Bank was established in 1870, in the German Capital, to be a professional bank for foreign trade. The total assets of the Deutsche Bank reach 2,250.64.
The People’s Republic of China is formed in 1949, and simultaneously the Agricultural bank of China has been established and eradicated for many times. Two banks in 1951, which are called Farmers Bank of China and Cooperation Bank, combined to produce the Agricultural Cooperation Bank. Yet, the bank was combined with People’s Bank of China, the central bank in 1952, to form total assets of 2,470.43 billion dollars.
JPMorgan Chase is used as investment banking, private banking, private wealth management as well as treasury divisions. Fiduciary activity in the private banking and private wealth management is practiced under the auspices of JPMorgan Chase Bank. The Chase brand is employed for credit card services in not only the United States but also Canada and for the bank’s retail banking activities that are done in the United States. Forbes magazine stated that it is one of the world’s largest public company, whose total assets reach 2,476.99 billion dollars.
BNP Paribas is a French bank and financial services company and its headquarters is in Paris and international headquarters in London, the United Kingdom. It was established via the amalgamation of Banque Nationale de Paris and Paribas in 2000. So, it is deemed to be one of the most important banks in the world. BNP Paribas’ total assets reach 2,589.19 billion dollars.
Actually, it is a British international bank established for financial services, with its headquarters in London. The British bank is regarded one of the world’s most vital commercial banks. Indeed, it was founded in 1991, in London by both Hong kong and Shanghai Banking Corporation to be a new group.
This bank is a French network of cooperative banks including the 39 Crédit Agricole Regional Banks. Since 25 years, the bank has become an international full-service banking group. Actually, from 1998 till 2008, it was the main sponsor of the Crédit Agricole professional road cycling team. Crédit Agricole’s total assets are 2,346.56 billion dollars.
1 Industrial and Commercial Bank of China:
It is deemed as one of the Big Four state-owned banks of China, joining the Bank of China, Agricultural Bank of China, as well as China Construction Bank. The bank was established as a limited company 1984. Indeed, the Chinese bank was in chorus listed by the Hong Kong Stock Exchange as well as Shanghai Stock Exchange in 2006. The Chinese total assets reach 3,181.88 billion dollars.