We usually keep our money in the bank to ensure it is safety, but banks also help us transact certain amounts of money in or out of town. We also need banks to offer us the huge benefits of various loan facilities. In recent times, the functions of banks have been diversified to include more services than just holding your savings. As such, banks continue to play a huge role in the growth of a country’s economy. It is common knowledge that banks help to improve the financial situation of a country and can help it get out of difficult economic situations. Loans and many other services are offered to the bank account holders to help them meet their short-term and long-term financial needs. The top 10 best banks in the world for 2019, written in order, are listed below. These asset and capital statistics were provided by Accuity.
10. Crédit Agricole SA; France
The Crédit Agricole SA bank in France is ranked tenth, with $1,858,787.00 million in assets and its capital set at 9,840. This bank is also known as the Green Bank, thanks to its environmental and green appeal. There are a total of thirty nine regional banks.
Although they are incredibly successful, they are also the center of much controversy. In 2007, they had to spend 250 million euros because of trading loss at its New York location.
9. Japan Post Bank Co Ltd.; Japan
The Japan Pot Bank Co Ltd. in Japan is ranked ninth, with $1,882,955 million in assets and its capital set at 31,537. In November of 2008, it was ranked as the world’s biggest deposit holder. This bank’s headquarters are located in Tokyo and is the most popular baking branch in Japan.
8. MUFG Bank Ltd.; Japan
MUFG Banks Ltd., established in 2006 is Japan’s largest bank. It was founded following the merger of the Bank of Tokyo-Mistubishi, Ltd. and UFJ Bank Ltd. It is ranked eighth, with $2,032,735 million in assets and its capital set at 15,426.
The bank now serves as the core retail, corporate, and investment banking branch of the Mistubishi UFJ Financial Group. They also have offices throughout Japan and in 40 other countries.
7. JPMorgan Chase Bank National Association; United States of America
The JPMorgan Chase Bank National Association is ranked seventh, with $2,218,960 million in assets and its capital set at 1,785. This banking association is by far the biggest in America, and is based in the business headquarters of the U.S., New York City. They have a revenue of $109 billion and over 256,000 employees in their locations.
6. BNP Paribas SA; France
The BNP Paribas SA bank in France is ranked sixth, with $2,335,320 million in assets and its capital set at 30,937. They are one of the largest banks in France were founded in 1848. They serve worldwide and have approximately 202,000 employees. Their main domestic services are located in countries like Italy, Belgium, and Luxembourg.
5. China Development Bank; China
The China Development Bank is ranked fifth, with $2,352,265 million in assests and its capital set at 61,242. They were founded in 1994 and are led by a cabinet minister at the Goivernor level, under the jurisdiction of the State Council. CDB currently has 37 primary branches and three secondary on the Chinese mainland.
Their respresentative offices include Cairo, Moscow, Rio de Janeiro, Caracas, London, Vientaine, Astana, Minsk, Jakara, and Sydney. Between them, they have about 9,000 people on staff.
4. Bank of China Limited; China
The Bank of China Limited in China is ranked fourth, with $3,091,893 million in assets and its capital set at 42,799. This bank has over 300,000 employees.
It is the oldest bank in China, being found in 1912. They are based in Beijing.
3. Agricultural Bank of China Limited; China
The Agricultural Bank of China Limited is ranked third, with $3,287,025 million in assets and its capital set at 62,497. They are very big, with over 440,000 employees at their locations. They were founded in 1951 and their head bank is located in Beijing.
Sadly, they’re popular because of the biggest bank robbery in China, when in the April of 2007, two of the workers stole over $7.5 million dollars.
2. China Construction Bank Corporation; China
The China Construction Bank Corporation is ranked second, with $3,376,177 million in assets and its capital set at 36,347. They are one of the “big four” banks in the People’s Republic of China. With over 300,000 employees and have over 13,000 domestic branches. They were founded in 1954 and their headquarters are in Beijing.
1. Industrial & Commercial Bank of China Limited; China
The Industrial & Commercial Bank of China Limited is currently the largest and best bank in the world, with $4,027,032 million in assets and its capital set at 64,326. They are one of the newer companies, founded in 1984. They too are stationed in Beijing and have over 375,000 employees.
It was the first Chinese bank to gain the title of the largest bank in the world, measured by assets. It continues to thrive today and will be very hard to beat.