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The 10 largest banks in the world in 2025

Curious about the top 10 banks in the world in 2025? Discover the top 10 largest banks in the world with this comprehensive overview

By Forbes India
Last Updated: May 21, 2025, 13:49 IST6 min
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The banking industry has an extensive and influential global presence, with numerous financial institutions holding trillions of dollars in assets. In this article, we will delve into the top 10 banks in the world in 2025, providing a comprehensive analysis of their operations, financial performance, and overall impact on the global economy. By examining the details of these top banks, we can better understand the modern financial landscape and how it shapes our world.

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The dominance of bank-holding companies

Bank-holding companies play a significant role in the global banking landscape. These corporations control one or more banks but do not necessarily engage in banking themselves. They provide a strategic advantage by allowing for a diversified range of financial services under one umbrella, thus increasing the overall stability of the banks they hold.

Many of the largest banks in the world are part of larger bank holding companies. This structure allows them to offer various financial services, making them more resilient and competitive in the global market.

Top banks in the world in 2025

Here"s a table showcasing the ten largest banks in the world, ranked by their market caps (as of July 17, 2025).

Rank & BankHeadquartersMarket Cap
#1 JPMorgan ChaseNew York, USA$785.91 billion
#2 Industrial and Commercial Bank of China Limited (ICBC)Beijing, China$359.63 billion
#3 Bank of AmericaNorth Carolina, USA$342.31 billion
#4 Agricultural Bank of ChinaBeijing, China$294.56 billion
#5 China Construction BankBeijing, China$283.70 billion
#6 Wells FargoCalifornia, USA$257.33 billion
#7 Bank of ChinaBeijing, China$238.14 billion
#8 Morgan StanleyNew York, USA$223.38 billion
#9 HSBCLondon, England$218.09 billion
#10 Goldman SachsNew York, United States$217.49 billion

The largest banks in the world play a crucial role in the global economy. They facilitate international trade, provide business loans, and offer financial services to millions of customers worldwide.

Top 10 banks in the world in 2025: A deeper insight

Here’s a deep dive into the largest banks in the world.

1. JPMorgan Chase

  • Total Assets: $4.357 Trillion
JPMorgan Chase is the largest US-based bank and the fifth-largest bank in the world in terms of total assets. It is a leading player in investment banking and financial services. As the Federal Reserve introduces its new instant payment service dubbed the FedNow system, JP Morgan is among the prominent financial institutions having already adopted the system.

2. Industrial and Commercial Bank of China (ICBC)

  • Total Assets: $7.103 Trillion
The Industrial and Commercial Bank of China Limited is the largest bank in both the People"s Republic of China and the world when considering total assets. Among the biggest lenders in the world, ICBC continues to steadily remain near the top, along with the likes of the Bank of America.

3. Bank of America

  • Total Assets: $3.349 Trillion
With a substantial investment banking, wealth management, and trading presence, Bank of America serves more than 68 million consumers and over 3 million small business clients. In terms of assets, Bank of America is the second-largest bank in the world and the sixth-largest bank in the world. With $288.96 billion in market cap, Bank of America is one of the most valuable companies, ranking 33rd on the list.

4. The Agricultural Bank of China

  • Total Assets: $6.176 Trillion
The Agricultural Bank of China is the second-largest bank in the world in terms of total assets. It was founded in 1979. The latest financial reports state that the company’s current earnings are $43.41 billion. The bank plays a crucial role in supporting China"s agricultural sector and also operates in other parts of the globe, such as Asia Pacific, the Middle East, Europe, and the Americas.

5. China Construction Bank (CCB)

  • Total Assets: $5.897 Trillion
CCB is the third largest bank globally in terms of total assets. It has a significant influence on China"s construction and infrastructure projects and is one of the leading commercial banks in China. With 3.48 million corporate customers, Chinese Construction Bank is the second largest bank, next to ICBC. CCB’s various subsidiaries also cover various industries, including leisure, software, energy, retail, and many more.

6. Wells Fargo

  • Total Assets: $1.950 Trillion
The American Wells Fargo & Company offers financial services such as mortgage banking, equipment leasing, insurance agency, and more in about 35 countries. Along with 33 other banks and credit unions, Wells Fargo joined JPMorgan in integrating the FedNow system. Wells Fargo serves more than 70 million customers and is one of the top five banks in the United States.

7. Bank of China

  • Total Assets: $4.959 Trillion
The Bank of China is the fourth largest bank globally by total assets. It is one of the oldest banks in China and has a significant international presence. The Bank of China began its operations in Hong Kong and now operates the financial market business through five major trading centres: Beijing, Shanghai, Hong Kong, New York, and London. One of the Bank of China"s aims is to maintain the stability of the currency"s value and promote economic growth in the country.

8. Morgan Stanley

  • Total Assets: $1.300 Trillion
Morgan Stanley is an investment bank and financial services provider from America. Notably, Morgan Stanley and Mitsubishi UFJ Financial have recently announced plans to take their 15-year alliance further and venture into foreign exchange trading and Japanese research and equities businesses for a global consumer base.

9. HSBC

  • Total Assets: $3.054 Trillion
Started in Hong Kong and Shanghai and now headquartered in the United Kingdom, this British banking group ranks as the 8th largest bank in the world. Being a prominent banking and financial services organisation that caters to millions of customers worldwide. HSBC serves around 42 million customers across the world and has a network covering 62 countries. HSBC also has its branches in India providing its products and services and is also becoming a personal banking customer base.

10. Goldman Sachs

  • Total Assets: $1.766 Trillion
Established in 1869, Goldman Sachs is a leading global investment banking, securities, and investment management firm headquartered in New York City. It is involved in investment banking, asset management, securities, and trading. The firm has a reputation for its high-profile advisory roles in mergers and acquisitions, underwriting of securities, and asset management. There were 45.3 thousand employees at Goldman Sachs globally in 2023. Despite its success, Goldman Sachs has also faced controversies and legal challenges, often associated with its significant influence in global financial markets.

Largest banks in the world by country

Well, now we know the top 10 banks in the world in 2025, but which banks dominate in their respective countries by market cap? Here’s a look at some of the most popular ones:

BankCountry
JPMorgan ChaseUSA
ICBCChina
HSBCUK
HDFC BankIndia
Royal Bank Of CanadaCANADA
BNP ParibasFrance
Mitsubishi UFJ FinancialJapan
Commonwealth BankAustralia
The Saudi National BankSaudi Arabia
UBSSwitzerland
SantanderSpain

These banks, amongst the largest banks in the world, continue to shape the global financial landscape with their vast resources and extensive reach.

FAQs

1. Which bank has the highest total assets in India?

The SBI, or the State Bank of India, is the largest bank in India by total assets, while HDFC Bank tops the list in terms of market capitalisation.

2. What is a bank"s market capitalisation, and why is it important?

A bank"s market capitalisation is the total value of all its shares of stock. It"s crucial as it gives investors an idea of the company"s size and can impact its ability to raise additional funds, among other things.

3. How does a bank"s market capitalisation affect its operations?

A larger market capitalisation often gives banks more resources for expansion, investments, and lending. It can also provide stability, making it less likely for the bank to be a takeover target.

First Published: May 21, 2025, 13:49

Industrial and Commercial Bank of China Limited (ICBC)JPMorgan Chase
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