LONDON – Every year S&P Global Intelligence releases its annual ranking of the world’s biggest banks by assets, and in 2017, for another year, Chinese banks dominate the top of the list.

In total, S&P Global included 28 banks across the world with over $1 trillion in assets across Asia, North America, and Europe.

“Asian banks continue to dominate the S&P Global Market Intelligence global bank rankings with Chinese institutions claiming the top four spots,” JP O’Sullivan, managing director of financial institutions at S&P Global.

Banks with big retail operations dominate the list, meaning investment banking giants including Goldman Sachs and Morgan Stanley, and UBS miss out on the $1 trillion mark, ranking 35th, 34th, and 38th respectively.

After a tough year in 2016, European banks bounced back on S&P’s 2017 list, thanks largely to a rising euro and a strong economic outlook. Three European banks cracked the top 10 this year, up from two last year.

Overall, 11 European banks, 11 from Asia, and six from North America held more than $1 trillion in assets. Check out the world’s biggest banks below.


28. UniCredit, Italy — $1.004 trillion

Foto: sourceReuters

27. The Norinchukin Bank, Japan — $1.006 trillion

Foto: sourceStanley Chou / Stringer / Getty Images

26. ING Group, The Netherlands — $1.02 trillion

Foto: Pedestrians walk past the logo of ING bank by the group’s main office in Brussels.sourceReuters

25. Toronto-Dominion Bank, Canada — $1.03 trillion

Foto: Toronto Dominion Bank ATMssourceReuters

24. Royal Bank of Canada, Canada — $1.04 trillion

Foto: sourceGetty Images

23. Lloyds Banking Group, UK — $1.1 trillion

Foto: sourceReuters

22. Postal Savings Bank of China, China — $1.385 trillion

Foto: sourceReuters/Kim Kyung Hoon

21. Bank of Communications, China — $1.39 trillion

Foto: sourceReuters/Aaron Tam

20. Groupe BPCE, France — $1.51 trillion

Foto: sourceReuters/Benoit Tessier

19. Societe Generale, France — $1.5311 trillion

Foto: People walk towards the entrance to the headquarters of French bank Societe Generale in La Defense, outside Paris.sourceReuters/Benoit Tessier

18. Barclays, UK — $1.5317 trillion

Foto: Barclays’ CEO Jes Staley arrives at 10 Downing Street in London, Britain January 11, 2018.sourceREUTERS/Peter Nicholls

17. Mizuho Financial Group, Japan — $1.72 trillion

Foto: sourceReuters/Yuya Shino

16. Banco Santander, Spain — $1.74 trillion

Foto: Heptathlete, Jessica Ennis-Hill, poses with Santander Cycles at the Queen Elizabeth Olympic ParksourceReuters Staff

15. Deutsche Bank, Germany — $1.77 trillion

Foto: A man holds a suitcase with the logo of the German lender Deutsche Bank during a protest by the Attac pressure group outside the Chancellery in Berlin demanding from G20 summit participants the implementation of a unitary tax to fight tax evasion, September 5, 2013.sourceREUTERS/Thomas Peter

14. Sumitomo Mitsui Financial Group, Japan — $1.78 trillion

Foto: sourceReuters/Toru Hanai

13. Citigroup, USA — $1.84 trillion

Foto: sourceSergio Moraes/Reuters

12. Japan Post Bank, Japan — $1.87 trillion

Foto: sourceReuters/Issei Kato

11. Wells Fargo, USA — $1.95 trillion

Foto: Members of the U.S. Air Force ride in the Wells Fargo stagecoach during the 92nd Annual San Francisco Veterans Day Parade on November 11, 2011 in San Francisco, California.sourceJustin Sullivan/Getty Images

10. Credit Agricole, France — $2.12 trillion

Foto: sourceReuters

9. Bank of America, USA — $2.28 trillion

Foto: sourceJustin Sullivan/Getty Images

8. BNP Paribas, France — $2.36 trillion

Foto: A young woman withdraws cash at an automatic teller at a BNP Paribas bank in central Paris October 26, 2012.sourceREUTERS/Jacky Naegelen

7. HSBC, UK — $2.52 trillion

Foto: An aircraft flies past the HSBC headquarters building in the Canary Wharf financial district in east London February 15, 2015sourceREUTERS/Peter Nicholls/Files

6. JPMorgan Chase, USA — $2.53 trillion

Foto: sourceAndrew Burton / Getty Images

5. Mitsubishi UFJ Financial, Japan — $2.79 trillion

Foto: sourceReuters

4. Bank of China, China — $2.99 trillion

Foto: sourceGetty Images

3. Agricultural Bank of China, China — $3.24 trillion

Foto: sourceThomson Reuters

2. China Construction Bank, China — $3.40 trillion

Foto: sourceREUTERS/Tyrone Siu

1. Industrial & Commercial Bank of China, China — $4.00 trillion

Foto: sourceReuters/Enrique Marcarian