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WORLD'S 50 BIGGEST BANKS 2011

Author: Andrea Fiano

Global Finance ranks the 50 Biggest Banks

China Breaks Into The Top 10

NEW YORK, September 7, 2011— Global Finance reveals its annual ranking of the World’s 50 Biggest Banks , as measured by total assets.

The world’s biggest banks are once again facing volatility and global market upheaval. But the past few years have taught some serious lessons, and these banks come into the current crises with stronger balance sheets and more solid capital structures than when the global financial crisis hit in 2008.

Meanwhile, the total assets of the top 50 as a whole have remained consistent—at just over $61 trillion.

China’s banks are continuing to move up the league tables. The country has six banks among the world’s biggest 50. China’s biggest bank, ICBC, again climbed positions—moving from 11th last year to 9th in 2011. China has officially broken into the top 10.

The list will be published in the October issue of Global Finance magazine.

For editorial information please contact: Andrea Fiano, Editor, email: afiano@gfmag.com

World's 50 Biggest Banks 2011
Rank Bank Country Total Assets ($m) Statement Date
1 BNP Paribas France 2,669,906 12/31/10
2 Deutsche Bank Germany 2,546,272 12/31/10
3 HSBC Holdings United Kingdom 2,454,689 12/31/10
4 Barclays United Kingdom 2,331,943 12/31/10
5 The Royal Bank of Scotland Group United Kingdom 2,275,479 12/31/10
6 Bank of America United States 2,268,347 12/31/10
7 Crédit Agricole France 2,129,248 12/31/10
8 JPMorgan Chase United States 2,117,605 12/31/10
9 Industrial & Commercial Bank of China (ICBC) China 2,032,131 12/31/10
10 Citigroup United States 1,913,902 12/31/10
11 Mizuho Financial Group Japan 1,890,220 03/31/11
12 Bank of Tokyo-Mitsubishi UFJ Japan 1,687,313 03/31/10
13 ING Group Netherlands 1,666,368 12/31/10
14 China Construction Bank China 1,632,261 12/31/10
15 Banco Santander Spain 1,626,805 12/31/10
16 Bank of China China 1,579,346 12/31/10
17 Agricultural Bank of China* China 1,568,722 12/31/10
18 Lloyds Banking Group United Kingdom 1,552,245 12/31/10
19 Société Générale France 1,512,657 12/31/10
20 UBS Switzerland 1,401,924 12/31/10
21 Groupe BPCE France 1,400,911 12/31/10
22 Wells Fargo United States 1,258,128 12/31/10
23 Sumitomo Mitsui Banking Corporation Japan 1,247,053 03/31/10
24 UniCredit Italy 1,241,967 12/31/10
25 Credit Suisse Group Switzerland 1,098,345 12/31/10
26 Commerzbank Germany 1,007,882 12/31/10
27 Goldman Sachs Group United States 911,332 12/31/10
28 Intesa Sanpaolo Italy 880,221 12/31/10
29 Rabobank Group Netherlands 871,908 12/31/10
30 Norinchukin Bank** Japan 844,431 09/30/10
31 China Development Bank China 771,729 12/31/10
32 Nordea Bank Sweden 776,108 12/31/10
33 Dexia Belgium 757,262 12/31/10
34 Banco Bilbao Vizcaya Argentaria (BBVA) Spain 738,560 12/31/10
35 Royal Bank of Canada (RBC)* Canada 713,646 12/31/10
36 National Australia Bank* Australia 664,174 12/31/10
37 Commonwealth Bank of Australia Australia 660,205 12/31/10
38 Toronto-Dominion Bank (TD) Canada 608,113 12/31/10
39 Westpac Banking Corporation* Australia 598,647 12/31/10
40 Bank of Communications China 596,655 12/31/10
41 KfW Germany 590,269 12/31/10
42 Danske Bank Denmark 572,547 12/31/10
43 Scotiabank (Bank of Nova Scotia) Canada 516,939 12/31/10
44 Standard Chartered United Kingdom 516,542 12/31/10
45 Australia & New Zealand Banking Group (ANZ) Australia 514,857 09/30/10
46 DZ Bank Germany 512,378 12/31/10
47 ABN Amro* Netherlands 509,249 12/31/10
48 Banque Fédérative du Crédit Mutuel (BFCM) France 501,422 12/31/10
49 Landesbank Baden-Württemberg (LBBW) Germany 500,285 12/31/10
50 Banco do Brasil Brazil 481,179 12/31/10

Source: Fitch Solutions except

* Moody’s Investors Service

** Norinchukin Bank