Banks are considered
to be the backbone of economic condition of any country. The list is arranged
and manipulated in the manner to keep in mind the stability and economical
gross progress of these banks. America has best economy in the world but still
they don’t have top positions. On the other hand China has top two positions as
they are fastly growing towards the best country in the World
10. The Commonwealth
Bank
The Common Wealth Bank
in Australia was founded in 1911 and started its operation in 1912 to conduct a
great business regarding savings and general purposes. The Bank has been
offering a good deal of services and monetary help regarding Australian citizens.
Commonwealth bank of Australia has a total market capitalization of $82.62 Billion.
9. CitiGroup
The CitiGroup of
America has been the largest banking network in the world having branches in
over 140 countries. The Citigroup has a total market capitalization of $86.67 Billion
8. Itau UniBanco
It is amazing that Brazil
has the the Number 8th Largest Bank in the world. The Itau UniBanco Holdings
are known to be the greatest in Southern part of the world. The Itau UniBanco
bank has a total market capitalization of $88.18 Billion
7. Bank of China
The Bank of China is
the official government sector bank of China. . They did make and
authorized Peoples Bank of China as the main bank to issue notes in the country.
The total Market capitalization of bank of china now is $102.8Billion
6. JP Morgan Chase
The JP Morgan Chase
bank got the 6th spot in the largest bank in the world. The bank has made some
good distinctions in the era and worked well for the betterment of the economy
of US. The total Market capitalization of JP Morgan Chase is $110 Billion
5. Agricultural Bank
of China
The Agricultural Bank
of China was made in 1951 and started operating the same year. he bank proved
to be the best support and help for farmers of China and provided them easy
money lending and borrowing. It holds it own position for its services. The
Market Capitalization of Agricultural bank is $141.72 Billion
4. HSBC Holdings
HSBC as we already
know is the most famous name in the banking industry. The HSBC holdings are strongest
economical platforms in UK. The HSBC Holdings has a total market capitalization
of $150.90 Billion
3. Wells Fargo &
Co.
The Wells Fargo and
Company is the established United States Company and the Well Fargo & Co. It
has been stabilizing and supporting America’s economic growth for years. The
market capitalization for Wells Fargo & Co bank is about $160.72 Billion
2. China Construction
Bank
China Construction
Bank made China again come to the 2nd spot. It is also declared as the
12th Biggest and Largest Corporate in the world. It has a total market capitalization
of $195.85 Billion.
1. Industrial and
Commercial Bank of China
China again grabs the
top position in the largest banks in the world. The Industrial and Commercial
bank of china was established in 1984 and kept on progressing till date.. The
Bank has total Market Capitalization of $240.95 Billion
