WORLD'S 50 BIGGEST BANKS 2010
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Global Finance ranks the 50 Biggest Banks

Top 10 see $3.2 trillion drop in assets


NEW YORK, September 13, 2010 — Global Finance reveals its annual ranking of the World’s 50 Biggest Banks, as measured by total assets. The list will be published in the October issue of Global Finance Magazine.


The world’s biggest banks are beginning, once again, to enjoy calmer times. But while the people running the banks may be heaving a huge sigh of relief, some serious damage has been done. All but a handful of the banks at the top of the Global Finance World’s Biggest Banks list have seen their assets fall over the past year. The top 10 banks have seen $3.2 trillion hacked off their combined balance sheet, giving an idea of the severity of the carnage at the top of the table. It appears the spoils are accruing to the upstarts, though, as the total assets of the top 50 as a whole barely budged at $61.8 trillion.


China’s banks are continuing their long march up the league tables. The country now has six banks among the world’s biggest 50 accounting for a hefty $6.9 trillion—more than 10% of the assets of the top 50. China’s biggest bank, ICBC, rocketed up the league this year from 18th to 11th. Perhaps 2011 will see China breaking into the top 10.

 

For editorial information please contact: Dan Keeler, Editor, email: dan@gfmag.com

 

World's 50 Biggest Banks 2010
Rank
Bank Country Total Assets ($b) Statement Date
1 BNP France 2,964 12/31/09
2
Royal Bank of Scotland Group United Kingdom 2,747 12/31/09
3
HSBC Holdings
United Kingdom 2,364 12/31/09
4
Crédit Agricole France 2,243 12/31/09
5
Barclays United Kingdom 2,233 12/31/09
6
Bank of America United States 2,223 12/31/09
7
Mitsubishi UFJ Financial Group Japan 2,196* 3/31/10
8
Deutsche Bank Germany 2,162 12/31/09
9 JPMorgan Chase United States 2,032 12/31/09
10 Citigroup United States 1,857 12/31/09
11 Industrial and Commercial Bank of China (ICBC) China 1,726* 12/31/09
12 ING Group Netherlands 1,676 12/31/09
13 Lloyds Banking Group United Kingdom 1,664 12/31/09
14 Mizuho Financial Group Japan 1,637 3/31/10
15 Banco Santander Spain 1,600 12/31/09
16 Groupe BPCE France 1,482 12/31/09
17 Société Générale  France 1,475 12/31/09
18 China Construction Bank China China 1,409* 12/31/09
19 UniCredit Italy 1,338 12/31/09
20= Agricultural Bank of China
China 1,301** 12/31/09
20= UBS Switzerland 1,301 12/31/09
22 Bank of China China 1,281* 12/31/09
23 Sumitomo Mitsui Financial Group
Japan 1,281 3/31/10
24 Wells Fargo United States 1,244 12/31/09
25 Commerzbank Germany 1,216 12/31/09
26 HBOS United Kingdom 1,165 12/31/09
27 Credit Suisse Group Switzerland 1,001 12/31/09
28 Intesa Sanpaolo Italy 900 12/31/09
29 Rabobank Group Netherlands 875 12/31/09
30 Goldman Sachs United States 849* 12/31/09
31 Dexia Belgium 832 12/31/09
32 Morgan Stanley United States 772* 12/31/09
33 Banco Bilbao Vizcaya Argentaria (BBVA) Spain 771 12/31/09
34 Norinchukin Japan 735* 12/31/09
35 Nordea Bank Sweden 731 12/31/09
36 China Development Bank China 665* 12/31/09
37 Fortis Bank Belgium 627 12/31/09
38 Royal Bank of Canada Canada 608 10/31/09
39 Banque Féderative du Crédit Mutuel (BFCM) France 606 12/31/09
40 Danske Bank Denmark 597 12/31/09
41 Landesbank Baden-Wuerttemberg Germany 593 12/31/09
42 KfW
Germany 576 12/31/09
43 National Australia Bank Australia 576 9/30/09
44 DZ Bank Germany 560 12/31/09
45 Commonwealth Bank of Australia Australia 539 6/30/10
46 Westpac Australia 519 9/30/09
47 Hypo Real Estate Holding Germany 518 12/31/09
48 Toronto-Dominion Bank Canada 517 10/31/09
49 Bayerische Landesbank Germany 488 12/31/09
50 Bank of Communications China 485* 12/31/09

Source: Fitch Ratings except


*Standard & Poor’s

**Agricultural Bank of China