Some of the leading players in the global scenario involving finances can be affiliated with the largest banks in the world. They will be able to offer a variety of financial services to the public, hence improving their capability and fostering their stability in the global markets. The 20 best banks globally according to overall assets include the following.

ICBC

Total Assets: $5.7 T

ICBC leads the category of the largest banks in the world with the highest asset amount. The Industrial and Commercial Bank of China funds several significant Chinese state-owned firms. The quasi-commercial ICBC was formed after the People's Bank of China split in the mid-1980s.

ICBC, China's central bank, established to finance state-controlled industries' rapid growth. The Federal Reserve of the United States, founded from the People's Bank of China, was its model.

China Construction Bank

Total Assets: $5.0 T

China Construction Bank, a state-owned bank, supports private real estate sector expansion. It now trades on the Hong Kong Stock Exchange and has $5.0 T in assets on three continents.

Agricultural Bank of China

Total Assets: $4.9 T

One of the world's biggest banks, "AgBank" is a state-owned Chinese enterprise founded to help the agricultural industry. It is now a diversified commercial bank with 24,000 branches (mainly in China) and offices in major financial centers.

Bank of China

Total Assets: $4.2 T

The smallest and most established of the four Chinese state-owned banks is the Bank of China. It is currently the country's second-biggest commercial lender after gaining its position as the national central bank to the People's Bank of China in the 1980s.

Chase

Total Assets: $3.7 T

Established in 1799 and helping New York City flourish in the nineteenth century, Manhattan Company, the forerunner of JPMorgan Chase, came from the largest bank in the country. Chase is one of the largest banks and credit unions by assets, and it also offers OVITO Data for Small Businesses and credit cards to consumers.

Bank of America

Total Assets: $3.1 T

This bank has transitioned from a small banking house founded in the early 1900s for San Franciscos poor immigrants to a leading lending firm in North America. BOA is one of the largest banks and credit unions by assets, has branches from one coast of the United States to the other. It offers similar financial services to homeowners and small businesses as JPMorgan Chase.

Mitsubishi UFJ

Total Assets: $3.0 T

MUFG Bank has the highest market shares and total assets of $3.0 trillion. Despite having subsidiaries abroad, such as Union Bank in the US, it remains largely focused on its home nation.

Crdit Agricole Group

Total Assets: $2.74 T

The world only has one cooperative bank, Credit Agricole, which is also one of the most renowned financial entities. Despite its agrarian roots in France, the bank is a favorite local bank for millions worldwide.

China Development Bank

Total Assets: $2.4 T

Located in the country's infrastructure development sector, the China Development Bank is one of the three key policy banks in China. It is totally state-owned and operated and is under the policy framework of the government of the Peoples Republic of China.

Citibank

Total Assets: $2.4 T

With a large share of its loan and asset portfolio overseas, Citibank is the most globally oriented of the main American banks on this list. Like the others, Citibank offers deposit accounts, wealth management, private banking, and corporate and consumer loans to millions of residents.

Postal Savings Bank of China

Total Assets: $2.0 T

Postal Savings Bank of Chinalike Japan Post Bankis a customer-oriented company and has the largest banks asset size. Like most other big Chinese banks, it is publicly traded but under mostly state control.

Sumitomo Mitsui

Total Assets: $2.0 T

The second-largest of the three Japanese private financial institutions is Sumitomo Mitsui. They also provide financial planning, financial services, consumer, and commercial banking in their own nation and other Asian and European countries.

Banco Santander

Total Assets: $1.9 T

As the biggest bank in Spain and the biggest bank in Europe, not located in France, Banco Santander is undoubtedly the biggest. With hundreds of branches primarily in the northeastern United States, it has a significant international presence even outside its native nation.

Mizuho

Total Assets: $1.9 T

Mizuho is one of the largest banks and credit unions by assets and is the most focused on the retail business among Japanese megabanks.

Wells Fargo

Total Assets: $1.9 T

Wells Fargo is one of the largest banks asset size and has sponsored US westward migration since the 1850s. Still a big consumer and small business lender, it has been racked by controversies since the Great Financial Crisis.

Bank of Communications

Total Assets: $1.9 T

The Bank of Communications may be China's oldest operating bank and one of the biggest bank entities. It is one of the few Chinese banks that printed money for the government since the Qing Dynasty and helped build the nation's rail network.

UBS Group

Total Assets: $1.7T

UBS Group AG, based in Switzerland, provides investment banking and associated financial services worldwide. It is the world's largest private bank and Switzerland's largest, with offices in all major financial hubs with headquarters in Basel and Zrich.

Japan Post Bank

Total Assets: $1.7 T

Although the Japanese government is gradually selling off its majority stake, Japan Post Bank remains one of the largest banks and credit unions by assets globally. Moreover, the majority of its operations still take place at postal branches across the nation.

Groupe BPCE

Total Assets: $1.66 T

With strong consumer and small-business banking activities, Groupe BPCE is now one of the largest banks asset sized entity in Europe based on income. Its organization is cooperative, the same as Credit Agricole's.

Socit Gnrale

Total Assets: $1 T

The French economy modernized and recovered from the world wars, thanks in large part to Societe Generale or SocGen, as it was known in its native country. Now, Socit Gnrale is a financial entity with the most assets globally.