Top 10 Banks in the World in 2021 by Assets
Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd, Bank of China Ltd, and JPMorgan Chase & Co are the top 5 Banks in the world in 2021 by assets. Collectively, the top 10 Global banks had assets of $37,622,971 million, were The Industrial and Commercial Bank of China Ltd highest ($5,452,974 million) while Credit Agricole SA stood lowest ($2,452,466 million). In aggregate, all companies have generated revenues of $1,313,158 million, with average revenue growth of 3.1%. In terms of the geographic split, 5 out of 10 banks are based in Asia, 3 banks are based in Europe, while the remaining 2 banks are based in North America. The top 10 banks in the world employed a total of 2,649,994 people in 2021. China-based Industrial and Commercial Bank of China Ltd is the leading bank in 2021 by Assets. The bank reported revenues of $222,066 million for the fiscal year ending December 2021 (FY2021). With revenue growth of 6.4%, due to integrated domestic and overseas services, local currency, and foreign currency services, and online and offline services improved domestic foreign exchange service and strengthened global one-stop service capability, also opened the Auckland Branch in New Zealand and the Panama Branch. With a network of overseas institutions covering 49 countries and regions, and reported assets of 5,452,974 million, ICBC operates through four segments: Corporate Banking, Personal Banking, Treasury Operations, and Others. The bank employed a total of 434,089 people in 2021. China Construction Bank Corp (CCBC), a subsidiary of Central Huijin Investment Ltd, is another leading bank in 2021 by Assets. The bank reported revenues of $200,763 million for the fiscal year ended December 2021 (FY2021), an increase of 8.9% over FY2020. CCBC is a provider of a range of retail, corporate banking, and treasury services to individuals, businesses, and institutions. It also provides private and investment banking, asset management, financial leasing, pension, insurance, and trust services through its subsidiaries.