We are discussing here the 10 Richest Banks in the World. Banks play a key role in the economic growth of every country and are part of development process both in developed and developing nations. The world may be shrinking, but the banks that are an intricate part of our global economy sure aren’t. Reaction from the financial crisis hasn’t put a dent in the world’s largest banks, which combined have eye-popping assets of about $25.5 trillion.
Most of the world’s largest banks are outside of the U.S. A bank is a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly by loaning or indirectly through capital markets. A bank links customers that have capital deficits and customers with capital surpluses. Due to their importance in the financial system and influence on national economies, banks are highly regulated in most countries.
We are providing here the list of Top 10 richest banks of the world. (Industrial & Commercial Bank of China, or ICBC, HSBC Holdings, Deutsche Bank, Credit Agricole Group, BNP Paribas, Mitsubishi UFJ Financial Group, Barclays PLC, JPMorgan Chase & Co, China Construction Bank Corp, Japan Post Bank)
1. Industrial & Commercial Bank of China, or ICBC Richest Banks in the World
2. HSBC Holdings Richest Banks in the World