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Explore the latest trends and actionable insights on the Financial Services market to inform business strategy and pinpoint opportunities and risks.

Banks Globally Registered Robust Performance in 2020 Despite COVID-19 Pandemic

Industry: Financial Services
Current: Other Industry Indicators

GlobalData’s Global Ranking of Top 100 Banks report provides rankings of the 100 leading banks globally based on their total asset sizes by the year ended 2020. According to the report, the 100 largest banks collectively held $108.1 trillion in total assets, up by 10.9% over 2019
In terms of net loans, the top 100 banks collectively had net loans of $47.8 trillion in 2020, up by 5% over 2019 despite moderate demand for credit amid the pandemic
These banks registered a total of $63.2 trillion worth of gross total deposits in 2020, up by 11.8% over 2019

As per GlobalData’s Global Ranking of Top 100 Banks report, in terms of asset size, Chinese banks dominate the overall banking space, accounting for a 29.1% share of the overall assets of the top 100 banks, which is equivalent to $31.4 trillion in 2020. US-based banks collectively held assets worth $15.4 trillion during the same period, holding second position with a share of 14.3%.

The ranking of the top 10 banks remains mostly unchanged in 2020, with the leading four positions being retained by Chinese banks. Industrial and Commercial Bank of China remains top with a total asset size of $5.2 trillion in 2020, followed by China Construction Bank, Agricultural Bank of China, and Bank of China.

As per GlobalData’s Global Ranking of Top 100 Banks report, JPMorgan Chase, the largest bank from the US with a total asset size of $3.4 trillion, held fifth position in 2020 after climbing two places from 7th in 2019. Mitsubishi UFJ Financial Group and HSBC Holdings held sixth and seventh positions in 2020, one place down compared to the previous year. Citigroup, which was ranked 11th in 2019 climbed one place to 10th rank in 2020, which meant Credit Agricole moved one position down to 11th place.

Among the 100 banks, 38 had asset sizes of over $1 trillion in 2020. Chinese banks were top of this list, with 11 Chinese banks having an asset size of over $1 trillion. China was followed by the US with six banks; France with five; and UK and Japan with four banks each.

As seen with the total assets, Chinese banks occupied top four positions in terms of net loans as well. However, banks from other regions have also registered robust growth. Itaú Unibanco of Brazil registered highest growth of 21.4% in net loans in 2020, followed by Italy’s Intesa Sanpaolo, which registered a growth of 20.6%.

Top 100 banks collectively had $63.2 trillion worth of gross total deposits in 2020, up 11.8% over 2019. This could be a result of customers’ preference for keeping money in safe-haven assets such as deposits to avoid significant losses from investments elsewhere amid the COVID-19 crisis.

Access the full report: Global Ranking of Top 100 Banks.

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