The richest bank in the world, based on total assets, is the Industrial and Commercial Bank of China (ICBC).
Here's a breakdown of the top banks by total assets according to the 2023 data:
Top Banks by Total Assets (2023)
| Rank | Bank Name | Total Assets (US$ Billion) |
|---|---|---|
| 1 | Industrial and Commercial Bank of China | 6,303.44 |
| 2 | Agricultural Bank of China | 5,623.12 |
| 3 | China Construction Bank | 5,400.28 |
| 4 | Bank of China | 4,578.28 |
As you can see from the table above, the Industrial and Commercial Bank of China (ICBC) leads with over $6.3 trillion in assets, making it the richest bank in the world by this metric. The top four banks are all based in China.
- It is important to note that "richest" can be interpreted in different ways. While total assets is a common metric, other measures could include market capitalization, profitability, or revenue. However, based on the provided reference, which focuses on total assets, ICBC is the clear leader.
- These rankings are subject to change as banks grow and financial markets fluctuate.
