The first similarities of banks existed even in Ancient Greece, when moneylenders, who were called trapezites, accepted deposits in order to make payments on them later. Like modern financial institutions, they also accepted securities and contracts. Today, the global economy simply could not exist without financial institutions. Taking the total asset as a criterion, we consider the largest banks both in Russia and the world.
Sberbank
Not a single bank operating in Russia is in the TOP-20 of the largest financial institutions in the world, but we will start with the Russian one.
The Savings Bank of Russia is the largest in Eastern Europe, and its assets are 30 trillion rubles. This is the only banking institution in Russia in which more than half of the shares are controlled by the Central Bank of the Russian Federation.
After the collapse of the Soviet banking system, Sberbank was reorganized and began operations in 1991.
TOP 10 largest banks in the world
10
Crédit agricole
At the end of the 19th century, Crédit Agricole began servicing customers, and today it is the largest bank in France and the European Union.
At the beginning of 2018, its assets amounted to $ 1.815 trillion. The work of the financial organization is built on three levels: local, regional and subsidiaries outside of France.
There are branches in Russia represented by the subsidiary Crédit Agricole Corporate and Investment Bank.
9
Bank of america
This is a North American multifunctional financial conglomerate that covers almost all areas related to financial services.
The assets of the bank, which began work in the era of Prohibition in the United States, today amount to 2.434 trillion dollars. Bank of America branches operate in 35 countries.
There are more than 16 thousand ATMs of the Bank of America all over the world, and the number of employees is 208 thousand.
8
Mitsubishi UFJ Financial Group
Photo by yo & / flicr
A holding company in Japan today has assets of $ 3.1 trillion, making it one of the largest in the Asian region.
MUFG services are used by customers in 40 countries, and in 2015, the Japanese company was recognized as the best corporate bank in the world.
It was founded relatively recently, in 2005, but in a short period, thanks to a sound management policy, managed to enter the world financial leaders.
7
Bnp paribas
Another financial giant in France, with assets of just over $ 2.04 trillion. Today it is the European leader in the financial industry, although the bank began work in 1999.
The concern was formed thanks to the merger of the BNP (National Bank of Paris), whose history dates back to 1848, and the investment organization Paribas.
The headquarters of the organization are located, except for Paris, in London and Geneva, and subsidiaries and branches serve customers around the world.
6
JPMorgan Chase
A large American holding in the field of finance was founded in 2000. Today, its assets amount to 2.677 trillion dollars.
It was created on the basis of Chemical Bank, from which he got the history of the stock price and the New York headquarters in Manhattan. The largest financial institution in the United States has offices in more than 50 countries.
In 1993, before the merger, JPMorgan Chase opened its branch in Russia.
5
HSBC Holdings plc
The largest finance conglomeration headquartered in London. Formed in 1865, HSBC is the world's leading bank.
In addition, HSBC was the first such institution open by the British in its colony - in Hong Kong. And today, having assets of $ 2.588 trillion, it is considered the largest in Europe and the world.
Initially, he was engaged only in settlements between Britain and China, and then significantly expanded the scope of his activities.
4
Bank of china ltd
One of the oldest banks in China began operations in 1912, and in the modern world it is one of the leaders in the banking sector. Assets of China ltd in 2020 crossed the line of 3.1 trillion dollars.
More than 13 thousand branches are opened in China itself, and 545 serve customers in 25 countries outside the PRC. A subsidiary of the Bank of China (ELOS) became one of the first foreign companies in the Russian Federation.
3
Agricultural Bank of China
Literally, the name of the financial institution sounds like "Agricultural Bank of China", and, according to ratings and controlled assets of 3.286 trillion, it occupies the third place in the world.
In terms of the number of branches, it is a world leader, because only in the PRC there are 23 381 branches, 6 more subsidiaries are open outside the eastern state, including in the Russian Federation.
ABC began its history in 1951, and immediately occupied its niche in the country's economy.
2
China Construction Bank Corporation
In the mid-50s of the last century, China Construction Bank Corporation began servicing depositors and lending to industrial enterprises.
Its assets today amount to 3.375 trillion dollars, and throughout the country there are more than 15 thousand branches. Outside of China, branches are open both in Asia and in Europe.
In 2013, a branch was opened in Russia, and this is the third Chinese bank operating in the Russian financial system.
1
Industrial and Commercial Bank of China
The largest industrial and commercial bank in the world with headquarters in Beijing, is included in the so-called "Big Four of the Celestial Empire."
Its assets at the beginning of 2020 are 4.1 trillion US dollars. And the company itself controls a significant part of the financial flows of the Republic of China.
The controlling stake in ICBC belongs to the Chinese government, and 17,460 branches operate across the country.
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Summarize
As you can see, the largest number of large banks today are located in China.
The largest financial institutions in the world, as well as the largest banks in Russia, provide services in various segments, from deposit storage to asset management and financing of large investment projects. Thebiggest editors ask you to write a comment which of the largest banks inspires you the most confidence, and vice versa.
Article author: Valery Skiba