5 Largest Banks in the World by Assets

1. Industrial and Commercial Bank of China Limited

Total Assets: $6.1 trillion

Industrial and Commercial Bank of China Limited is a Chinese multinational bank. Founded as a limited company on 1 January 1984, ICBC is the largest state-owned commercial bank in China, and simultaneously, the largest bank in the world based on its $6.1 trillion worth of total assets. With capital provided by the Ministry of Finance of China, the bank’s Tier 1 capital in 2013 was the largest of one thousand global banks, being the first bank headquartered in China to achieve this distinction in modern history. Similar to the other state-owned banks in China, Industrial & Commercial Bank of China recently cut its deposit rates so that lending rates could potentially be lowered.

Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our daily free enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also take a look at the 25 Most Imported Beer Brands In The World and the 20 Best Imported Beers In USA 2023.