5 Biggest Banks in the World

1. Industrial & Commercial Bank of China

Total Assets: $5.54 trillion

Industrial & Commercial Bank of China, or ICBC, is the largest bank in the world with total assets of over $5.5 trillion. As one of the big four Chinese state owned banks in the second largest economy in the world, Industrial & Commercial Bank of China has huge scale with around 9.7 million corporate customer sand 704 million individual customers. Like the other state owned banks in China, Industrial & Commercial Bank of China recently cut its deposit rates so that lending rates could potentially be lower too.

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