Profitability and liquidity of a bank depend on the number of assets it holds. Property plays an important role in determining the size of the bank. This article, Info Credit Free introduce to people ten biggest banks in the world.
In the previous post, we introduce people to personal loans for debt consolidation, to get information about it, you can read Five steps to get personal loans for debt consolidation. Now, let find knowledge about Ten biggest banks in the world for people consider before choosing in the post today.
BIGGEST BANKS IN THE WORLD
Just like a lot of article posts such as which bank is best for a personal loan, credit rating companies, credit reporting services…, this post about biggest banks in the world includes some main parts.
1. China Construction Bank Corporation is one of the biggest banks in the world
China Construction Bank Corporation (CCB) is a leading commercial bank in China offering a comprehensive range of commercial banking products and services. Its business includes three main business segments: corporate banking, personal banking and treasury operations. As one of the market leaders in China in a number of products and services including infrastructure loans, home mortgages and bank cards.
China Construction Bank Corporation (CCB) has a large client base, with established banking relationships with many of the largest business groups and leading companies in strategic industries. with the Chinese economy. The bank has a large network of approximately 13629 branch outlets.
In addition, we maintain overseas affiliates in Hong Kong, Singapore, Frankfurt, Tokyo, Seoul, New York, Johannesburg, Ho Chi Minh City and Sydney. Its subsidiaries mainly include China Construction Bank (China) Limited, China Construction Bank (Holdings) Limited, Sino-German Bausparkasse Co. Ltd, and China Construction Bank. Assal Management Ltd.
2. HSBC Holdings PLC is one of the biggest banks in the world
HSBC Holdings PLC, or simply HSBC, is a major bank based in London, England and has the largest assets among all European banks and is ranked as one of the most important banks in the world.
HSBC is one of the world’s largest financial services organizations, operating in 66 countries and territories. HSBC aims to be a place of growth, enabling businesses to thrive and prosper, and ultimately help people realize their hopes and fulfillment.
3. BNP Paribas is one of the biggest banks in the world
BNP Paribas S.A. is an international banking group of France. It is the 8th largest bank in terms of total assets and currently operates with a presence in 77 countries. It was formed through the merger of the Banque Nationale de Paris (BNP) and Paribas in 2000, but its corporate identity extended back to its first foundation in 1848 as a national bank. family.
It is one of the three major international banks in France, together with Société Générale and Crédit Agricole. The group is listed on the first market of Euronext Paris and a component of the Euro Stoxx 50 stock index, [6] while it is also included in the French CAC 40 index.
With both retail banking and investment banking, banks are on the continent. Its retail banking network serves more than 30 million customers in three domestic markets, France, Belgium, and Italy through a number of brands including BNL and Fortis. Retail banking also operates in the Mediterranean and Africa.
4. Bank of America is one of the biggest banks in the world
Bank of America is one of the biggest banks in the United States, as well as in the world. It is based in Charlotte, North Carolina, United States. Bank of America owns a number of buildings in major cities throughout the United States and also has thousands of ATMs across the country.
Bank of America has a common goal of better financial life by connecting customers and communities to the resources they need to succeed. They provide this through focusing on responsible growth and environmental, social and governance (ESG) leadership.
5. Mitsubishi UFJ Financial Group is one of the biggest banks in the world
MUFG Bank, Ltd is the largest bank in Japan and is one of the world’s largest comprehensive financial groups. MUFG Bank was established on January 1, 2006, following the merger of the Bank of Tokyo-Mitsubishi, Ltd. and UFJ Bank Ltd.
6. Wells Fargo & Co. is one of the biggest banks in the world
Wells Fargo & Company is a US-based multinational financial services company based in San Francisco, California, with central offices throughout the United States. It is the world’s second-largest bank by market capitalization and the fourth largest bank in the United States by tUS-bassets. Wells Fargo ranked 26th on the Fortune 500 rankings of the largest US corporations by gross revenue.
In July 2015, Wells Fargo became the largest bank in the world by market capitalization, surpassing ICBC, before lagging behind JPMorgan Chase in September 2016, following a scandal involving the creation of over 2 million bogus bank accounts of Wells Fargo employees. Wells Fargo overtook Citigroup to become America’s third-largest bank by assets by the end of 2015
7. Bank of China is one of the biggest banks in the world
Bank of China is the fifth biggest bank in the world by total assets. It was founded in 1912 by the Republican government to replace Daqing Bank. This is the oldest bank in Mainland China still exists. Since its inception in 1942, it has issued banknotes alongside the “Big Four” banks during this period.
8. Agricultural Bank of China (ABC) is one of the biggest banks in the world
Agricultural Bank of China (ABC) was established in 1951, also known as AgBank, is one of the “Big Four” banks in the People’s Republic of China and is the third biggest bank in the world. It has central operations in Beijing with a number of branches throughout China, New York, Frankfurt, Tokyo, Hong Kong, London, Sydney, Singapore, and Seoul.
Total ABC has 24,000 branches. Its total retail customers are 320 million while the company’s customers are 2.7 million. In 2010, ABC publicly took the largest IPO (Initial public offering) in the world.
9. Industrial and Commercial Bank of China is one of the biggest banks in the world
Industrial and Commercial Bank of China, or ICBC, is an international financial company and is by far the biggest bank in the world in terms of asset value.
A government-owned bank, ICBC initially started as a limited liability company in 1984. By 2017, the bank had a net worth of $ 3,473.09 billion. In 2006 ICBC was listed on the stock exchanges of both Shanghai and Hong Kong.
The bank has continued to evolve to form a strong customer base and diversified business structure. ICBC has a total of 490 million retail customers and 5,320 thousand corporate customers. It is a global bank with branches throughout Asia, Europe, America, and Oceania.
10. JPMorgan Chase & Co. is one of the biggest banks in the world
JPMorgan Chase & Co., based in Manhattan, is one of the US banks. This is considered to be the world’s second-biggest bank in terms of market capitalization and the sixth-biggest bank in terms of total assets. JPMorgan Chase & Co. is the biggest bank in the United States. In the field of retail and credit card services, JPMorgan Chase & Co. Works under the name “Chase”.
Indeed, there are a lot of big banks in the world for people choosing. However, you should consider carefully. If you want to choose a bank to get a loan, you need to have a good credit score if you want to get a loan with the best interest rate. In order to know your credit history is good or not, you should check credit frequently from the credit check agencies.
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