Largest Banks in the World 2024

The Industrial & Commercial Bank of China (ICBC) is the world's largest bank by total assets, with approximately $6.3 trillion in assets as of 2024. This makes ICBC larger than the GDP of every country except the United States and China. ICBC was founded in 1984 and is headquartered in Beijing.

JPMorgan Chase is the largest bank in the United States and ranks 5th globally, with approximately $4.0 trillion in total assets. It's also the most valuable bank in the world by market capitalization ($675 billion). JPMorgan could theoretically end world hunger for 89-100 years with its assets.

HSBC is the largest European bank and ranks among the top 10 globally with approximately $3.0 trillion in total assets. Headquartered in London, HSBC operates in over 63 countries and territories, making it one of the most internationally diverse banks in the world.

China dominates global banking, with the four largest banks in the world: ICBC ($6.3T), Agricultural Bank of China ($5.6T), China Construction Bank ($5.4T), and Bank of China ($3.9T). These four Chinese banks alone hold over $21 trillion in assets - more than the GDP of any country except the United States.

The largest US bank, JPMorgan Chase ($4.0T), is significantly smaller than China's ICBC ($6.3T). However, US banks lead in market capitalization and profitability. JPMorgan has the highest market cap of any bank globally at $675 billion, compared to ICBC's $285 billion.

Total assets include everything a bank owns or is owed: loans to customers, cash reserves, investments, securities, property, and other financial instruments. It's the most common metric for comparing bank size globally, though market capitalization, revenue, and deposits are also important measures.