Below is the list showing the largest banks in the world according to the market capitalization as of Jan 20, 2012. Chinese banks attain the top two positions and have got four places amongst top seven.

These are top 10 most largest banks in the World, We are waiting for your feedback…

10. Commonwealth Bank, Australia

Commonwealth-Bank

The Commonwealth Bank was founded under the Commonwealth Bank Act in 1911 and started its operations in 1912, empowered to conduct both savings and general banking business. Today, it offers a full range of financial services to facilitate all Australians build and manage their finances. It has 82.62 billion dollars as market capitalization.

9. Citigroup, US

Citigroup, US

Citigroup was formed from one of the largest mergers in the world in history by combining the banking giant “Citicorp” and financial conglomerate “Travelers Group” on April 7, 1998. Citigroup has got the largest financial services network of the world and spans 140 countries with approximately 16,000 offices worldwide. It has 86.67 billion dollars worth of market capitalization.

8. Itau Unibanco, Brazil

Itau Unibanco, Brazil

The bank is the result of the merger of Unibanco and Banco Itaú, which occurred on 4th November, 2008 to form Itaú Unibanco Holding and it is the largest financial conglomerate in the Southern Hemisphere. It has got market capitalization of 88.17 billion dollars.

7. Bank of China, China

Bank of China, China

Founded in 1912 to replace and absorb the Ta Ching Government Bank, this is the oldest bank in China. 1n 1942 the Bank of China ceased issuing bank notes, when the Communist Party reorganized banking system in China and re-positioned the Peoples Bank of China as the major bank note issuing authority, a position which it retains today. The market capitalization of Bank of China is 128.80 billion dollars.

6. JP Morgon Chase

JP Morgon Chase

The start of JPMorgan Chase reaches back more than 200 years when its earliest predecessor, The Manhattan Company was founded, in 1799. Its history is intertwined with innovations in finance and the globalization of the world economy. Today it is a leader in investment banking. JPMorgan Chase & Co. is a component of the Dow Jones Industrial Average. JP Morgon Chase has the worth of 140.95 billion dollars market capitalization.

5. Agricultural Bank of China, China

Agricultural Bank of China, China

Agricultural Cooperative Bank is the predecessor of Agricultural Bank of China and was established in 1951. Late in 1970s, the Bank evolved from a state-owned specialized bank to a wholly state-owned commercial bank and subsequently into a state-controlled commercial bank. On 15th January 2009, the Bank was restructured into a joint stock limited liability company. 141.73 billion dollars is the market capitalization worth.

4. HSBC Holdings, UK

HSBC Holdings, UK

HSBC Holdings plc which is commonly known as HSBC is a British multinational banking and financial services company and is headquartered in London, United Kingdom. As of 2011 it was the second-largest banking and financial services group of the world and second-largest public company according to a composite measure by Forbes magazine. It has 150.90 billion dollars as market capitalization.

3. Wells Fargo & Co, US

Wells Fargo & Co, US

Wells Fargo & Company is an American multinational diversified financial services company with its global operations. Wells Fargo in its present form is a result of an acquisition of San Francisco-based Wells Fargo & Company by Minneapolis-based Norwest Corporation in the year 1998 and the subsequent acquisition of Charlotte-based Wachovia in 2008. The market capitalization of Wells Fargo & Co is 160.72 billion dollars.

2. China Construction Bank, China

china construction bank

China Construction Bank is one of the ‘big four’ banks in the People’s Republic of China. To date, it is ranked as the nation’s second largest and the second largest bank in the world by market capitalization and 12th largest company in the world. China Construction Bank has the worth of 195.85 billion dollars market capitalization.

1. Industrial and Commercial Bank of China, China

INDUSTRIAL_AND_COMMERCIAL_BANK_OF_CHINA

Industrial and Commercial Bank of China Ltd is the largest bank in the world by profit and market capitalization. It is one of the ‘Big Four’ state-owned commercial banks of China (the other three being the China Construction Bank, Bank of China and Agricultural Bank of China). It was founded on January 1, 1984 as a limited company. As of March 2010, it had assets of US$1.9 trillion; with over 18,000 outlets including 106 overseas branches and agents worldwide. 240.95 billion dollars is the market capitalization worth.