The World's 10 Richest Banks


BANGALORE: Banks play a vital role in the growth and development of the economy. Due to their importance in the financial system, banks are highly regulated in most countries. A bank can generate revenue from interest, transaction fees and financial advice. It profits from the interests and other sources of funds. Tops banks like Wells Fargo, J.P. Morgan holds large assets and market capitalization, which tend to attract number of investors.  Here is a list of richest banks in the world, as compiled by The Richest.

#1.Commonwealth Bank of Australia

 Market Cap: $ 134.35 Billion

The Commonwealth Bank of Australia is an Australian multinational bank with businesses across New Zealand, Fiji, Asia, USA, and the United Kingdom. It was founded by the Commonwealth Bank Act on 22nd December, 1911. It provides a variety of financial services including retail, business and institutional banking, funds management, insurance, investment, and broking. The bank’s market capitalization is $134.35 billion.

#2.Bank of China

Market Cap: $ 990.49 Billion

Bank of China is one of the five biggest state-owned commercial banks in the People's Republic of China which are in Xicheng District, Beijing. It was founded in 1912 by the Republican government to replace the Imperial Bank of China. It is the oldest bank in China still in existence. As of 2014, Bank of China has a market capitalization of $990.49 billion.

#3.Agricultural Bank of China

 Market Cap: $1.06 Trillion

The Agricultural Bank of China is one of the "Big Four" banks in the People's Republic of China. It was founded in 1951 and has its headquarters in Dongcheng District, Beijing. It has 320 million retail customers, 2.7 million corporate clients, and nearly 24,000 branches. It is China's third largest lender by assets. Its market capitalization is valued at $1.06 Trillion.

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