A plane flying over the top 10 banks in world

Which are the Top 10 Banks in World?

In this article, we will explore the top 10 banks in world based on their 12-month trailing revenue. While doing research for this article I learned a lot about some of the oldest banks in the world and how they have grown to the size they are today.

A plane flying over the top 10 banks in world?

Banks are financial institutions that offer a wide range of products and services to customers, such as managing deposits, lending money, managing wealth, currency exchange, and investment banking. They cater to a diverse clientele, which includes individual consumers, businesses, and other institutional clients.

In recent decades, the definition of a commercial bank has changed considerably. Nowadays, large banks not only serve traditional customers but also offer investment banking services to corporate and institutional clients. These services include the underwriting of stock offers, brokerage, and M&A advisory.

However, some companies outside the U.S. may report profits semi-annually instead of quarterly, so their 12-month trailing data may be slightly older.

Which are the 10 best banks in New Jersey?
Top 10 banks in America
Arizona Banks
Which are the top 10 best banks in California?
Which are the top 10 best banks in Florida?

Top 10 Banks in the World by Trailing Revenue as of 2023

Below are the top 10 Banks in world in the descending order:

Industrial and Commercial Bank Of China Ltd. ( IDCBY)

ICBC is a state-owned commercial bank in China, which is the largest bank in the world based on 12-month trailing revenue. It was founded on January 1, 1984.

ICBC is one of the “Big Four” banks in China, along with the Bank of China, Agricultural Bank of China, and China Construction Bank.

  • Revenue (TTM): $143.32B
  • Net Income (TTM): $55.34B
  • Market Cap: $173.9B

China Construction Bank Corp.

China Construction Bank Corporation (CCB) is a leading state-owned bank in China and is recognized as one of the “Big Four” banks in the country.

Its history can be traced back to 1954 when it was established as the People’s Construction Bank of China.

At that time, its primary focus was to provide financial support for construction projects, which was a crucial sector for the country’s development.

Today, CCB is a leading financial institution, providing a range of banking services and products to its customers, both domestically and internationally.

  • Revenue (TTM): $126.79B
  • Net Income (TTM): $48.49B
  • Market Cap: $148.5B

JPMorgan Chase & Co.

JPMorgan Chase & Co. is a renowned financial services firm headquartered in New York City, United States. Its origins date back to the 19th century when Aaron Burr founded The Manhattan Company in 1799.

Over the years, the company underwent a series of mergers and acquisitions, eventually becoming JPMorgan Chase & Co.

The year 2000 witnessed a significant milestone in the firm’s history when J.P. Morgan & Co. merged with Chase Manhattan Corporation. This merger created a financial behemoth with a vast global presence across over 60 countries.

Today, JPMorgan Chase & Co. is a prominent player in the global financial services industry, offering a comprehensive suite of banking, investment, and wealth management solutions to clients ranging from corporations and governments to individuals.

  • Revenue (TTM): $123.42B
  • Net Income (TTM): $37.07B
  • Market Cap: $381.6B
1799Aaron Burr establishes The Manhattan Company
1823Chemical Manufacturing Company founded in New York
1871J.P. Morgan & Co. founded by J. Pierpont Morgan
1877Chemical Bank merges with the New York Trust Company to form the Chemical National Bank
1935Glass-Steagall Act separates commercial and investment banking activities
1955Chemical National Bank merges with the Corn Exchange Bank to become the Chemical Corn Exchange Bank
1961Chemical Corn Exchange Bank changes name to Chemical Bank New York Trust Company
2000J.P. Morgan & Co. merges with Chase Manhattan Corporation to become JPMorgan Chase & Co.

Bank of America Corp.

Bank of America is one of the largest banks in world which is based in the U.S. It offers various banking services for individual clients and for big corporates.

It has a Consumer banking section that deals with retail banking and provides a vast variety of commercial and wealth management services and has a presence all over the world.

It serves around 56 million US customers including retail and small businesses.

  • Revenue (TTM): $92.48B
  • Net Income (TTM): $27.41B
  • Market Cap: $254.9

Wells Fargo & Co.

Wells Fargo and Co was founded by Henry Wells and William G Fargo in the year 1852. A lot has happened over the years and today Wells Fargo is a diversified, community-based financial company with roughly $1.9 trillion in assets.

It’s Headquarters are in San Francisco. It has around 7500 bank branches and 12000+ ATMs. Wells Fargo has a presence in around 40 countries all over the world. It employs around 250000 persons directly and indirectly.

In the year 2022, Wells Fargo & Company was ranked 41 on Fortune’s 2022 rankings of America’s largest corporations.

  • Revenue (TTM): $74.98B
  • Net Income (TTM): $16.07B
  • Market Cap: $157.6B

Citigroup Inc.

Citigroup Inc. is a well-known financial services company headquartered in New York City.

Established in 1998 from a merger between Citicorp and Travelers Group, the corporation provides an extensive range of financial services, catering to individuals, corporations, governments, and institutions across more than 160 countries worldwide.

The company’s business activities involve offering retail banking services, credit cards, wealth management, investment banking, and capital markets services. Citigroup operates through three major business segments – Global Consumer Banking, Institutional Clients Group, and Corporate/Other.

  • Revenue (TTM): $74.31B
  • Net Income (TTM): $15.51B
  • Market Cap: $86.4B

BNP Paribas (BNPQY)

BNP Paribas is one of the largest banks in Europe and has a presence in about 65 countries all over the world. It was founded in 1848 and has more than 190,000 employees with around 75% of them based in Europe.

BNP Paribas has three major divisions:

  • Commercial, Personal banking and services
  • Investment and protection services
  • Corporate banking
  • Revenue (TTM): $70.33B
  • Net Income (TTM): $11.17B
  • Market Cap: $67.7B

HSBC Holdings (HSBC)

HSBC(HongKong and Shanghai Banking Corporation) has its headquarters in London, UK. It was founded in 1865 to establish trade between China and Europe but has grown to have presence in over 64 countries all over the world.

It caters to various segment of customers such as:

  • Individuals
  • Small and medium businesses
  • Large corporations

It also deals in trade finance, treasury and capital markets and continues to be a leading player in the global finance industry.

  • Revenue (TTM): $56.28B
  • Net Income (TTM): $13.22B
  • Market Cap: $119.7B

Banco Santander (SAN)

Banco Santander is one of the top 10 banks in world and was founded in 1857 and is based in Spain.

Today, it has a presence all over the globe and serves around 140 million customers worldwide, with strong presence in Europe and America.

It caters to all class of customers from small businesses to large corporates along with retail clients.

  • Revenue (TTM): $54.64B
  • Net Income (TTM): $10.40B
  • Market Cap: $47.5B

China Merchants Bank (CIHKY)

China Merchants Bank has its headquarters in Shenzhen, China, and was founded in 1987. Since then it has grown in leaps and bounds and has grown to be one of the largest banks in world.

China Merchants Bank has a large presence all over the world and it focuses on mainly small and medium-sized enterprises, unlike the other banks we have discussed above.

  • Revenue (TTM): $51.79B
  • Net Income (TTM): $20.30B
  • Market Cap: $133.4B


So, these are the top 10 banks in world. Tell us in the comments which are your favorite banks and did you know that some of these banks were founded in the 1800s.

If you like this article you will also like other articles that we publish regularly on my website.

In preparing this list I spent one whole day reading about the top banks in the world, being a banker I was very much intrigued by this topic.

I researched on the topic and took help from various sources, some of them are:

I’ll bring more such articles in the future. Make sure to share it with your friends and family.


Which is the No 1 bank in the world?

The number one bank in the world when it comes to assets and revenue is Industrial and Commercial Bank of China (ICBC).

What is the financial capital of Asia?

Hong Kong has been from long the financial capital of Asia.

Which is the safest bank in the world?

According to analysts and researchers all over the world, UBS bank is being coined as the safest bank in the world and has been given the title too big to fail.

Which is the No 1 bank in Asia?

ICBI is the largest bank in Asia, with the majority of the large banks being of Chinese origin. State Bank of India is in the top 10 banks in Asia.

Which country banking is best?

Switzerland is known for its banking. It has the safest banking in the whole world. It is an excellent example when it comes to the safety of financial systems all over the world.

Which country has the most banks?

The USA has the most number of banks with more than 4200+ banks registered there, closely followed by Russia and The United Kingdom.

Which city has the most banks?

New York City has the most number of banks in the city. London is at 2nd spot with Hong Kong coming in third place.

What is the biggest financial center in the world?

London and New York are the financial centres of the world with Hong Kong and Mumbai closely following.


How useful was this post?

Click on a star to rate it!

Average rating 4.4 / 5. Vote count: 9

No votes so far! Be the first to rate this post.

Similar Posts


Leave a Reply

Your email address will not be published. Required fields are marked *