Top 10 Biggest Banks in the World
Banks play an important role in the development of an economy by providing a number of different services and loans which are then used for the growth of industry and agriculture etc. Banks have been operating in one form or the other for hundreds of years. Moreover, a number of banks established branches in countries other than the country in which they were based. Once can easily compile a list of the ten ten biggest banks in the world depending on the total assets.
Instructions
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1
Deutsche Bank
Headquartered in Frankfurt, Germany, the Deutsche Bank or Deutsche Bank AG was founded in 1870. With total assets of $2,799,977 million in the last year, it is the biggest bank in the world.
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2
HSBC
Headquartered in London, United Kingdom, HSBC or HSBC Holdings plc was founded in 1991. HSBC originated in Hong Kong and Shanghai and initial branches of the bank were opened in 1865. The total assets of this bank in 2012 were calculated to be $2,555,579 million.
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3
BNP Paribas
BNP Paribas, third biggest bank in the world, was founded on 23 May 2000. Headquartered in Boulevard des Italiens, Paris, France, BNP Paribas operates in four different countries i.e. France, Italy, Belgium, and Luxembourg. The total assets of this bank in 2012 were estimated to be $2,542,738 million.
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4
Industrial and Commercial Bank of China
Headquartered in Beijing, China, Industrial and Commercial Bank of China was founded in 1984. Owned by the Chinese Government, this bank is the largest bank in China. Assetst of this bank equalled $2,456,287 million in 2012.
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5
Mitsubishi UFJ Financial Group
The merger of Mitsubishi Tokyo Financial Group, Inc. and UFJ Holdings, Inc. resulted in the formation of Mitsubishi UFJ Financial Group. It was founded on October 1, 2005 and stands out to be one of the biggest banks in the world with estimated assets of $ 2,447,950 million in 2012.
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6
Crédit Agricole
Founded on May 23, 2000, Crédit Agricole is headquartered in Paris, France. Total assets of this bank in 2012 were estimated to be $2,431,796 million, placing it amongst the list of ten biggest banks in the world.
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7
Barclays Group
Headquartered in London, United Kingdom, Barclays Group was founded in 1690. With operations in about 50 countries around the world, the assets of this bank in 2012 were $2,417,327 million.
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8
Royal Bank of Scotland
The Royal Bank of Scotland (RBS) was founded in 1727. It is currently headquartered in Edinburgh, Scotland. Assets worth $2,329,726 million put it among the list of the biggest banks in the world.
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9
JPMorgan Chase
Headquartered in New York City, New York, USA, JPMorgan Chase is one of the biggest banks in the world. It was founded in 2000 and its assets in 2012 were $2,265,792 million.
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10
Bank of America
Headquartered in Charlotte, North Carolina, USA, Bank of America was founded in 1998. It is at the bottom of the list of ten biggest banks in the world with assets worth $ 2,129,046 million in 2012.
