Top 10 Largest Banks in the World by Total Assets

Banks are often considered one of the most profitable businesses globally. That's why the world's largest banks are among the wealthiest companies and generate the highest profits.

Several banks worldwide boast fantastic asset values reaching trillions of dollars. Citing the Sovereign Wealth Fund Institute, here is a list of the 10 banks with the largest total assets in the world in 2021:

1. Industrial & Commercial Bank of China - US$5.53 trillion
2. China Construction Bank Corp - US$4.75 trillion
3. Agricultural Bank of China - US$4.43 trillion
4. Bank of China - US$4.07 trillion
5. Barclays - US$1.9 trillion
6. Postal Savings Bank of China - US$1.89 trillion
7. Banco Santander - US$1.84 trillion
8. Bank of Communications - US$1.76 trillion
9. Groupe BPCE - US$1.73 trillion
10. Deutsche Bank AG - US$1.5 trillion

The Industrial and Commercial Bank of China (ICBC) is the world's largest bank, with total assets reaching US$5.53 trillion, or approximately Rp81.997 trillion (using an exchange rate of Rp14,837/US$).

This largest bank in the world is one of the four largest financial institutions in China. ICBC is a state-owned enterprise (SOE) owned by the Chinese government and headquartered in Beijing.

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