THE WORLD'S LARGEST BANKS! Incredibly, four of the world's largest banks are from China, and most average people across the world, who are not knowledgeable about the Banking industry, would not have even heard the names of any of them. Industrial and Commercial Bank of China China Construction Bank (Asia) Agricultural Bank of China Bank of China Their combined assets amount to $13.7 trillion! Phenomenal! #Banking #worldslargestbanks #banksneedbranding #finance #banks #insights
THE WORLD'S LARGEST BANKS! Some of the world's largest companies are banks. Based on data from a 2023 report by S&P Global, Visual Capitalist created this interesting graphic showing the world's 50 largest banks, by their total assets. China's prowess in the financial world is well documented, with the world's largest four banks being all Chinese, and having a combined asset of $19.8 trillion. The top 10 on the list include four Chinese banks, two American institutions, two French, one Japanese, and one British. Follow Relevance Asia for more such insights. #banks #largestbanks #banking #finance relevance
Don't be misled by the large asset volumes of Chinese banks. Focus on the quality of those assets, and you'll be surprised to discover how a significant portion of their capital and savings has been risked on subpar investments both domestically and abroad. However, they did try to rejuvenate the yuan by devaluating it in 2015, but it was just a cushioning.
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6moInterestingly only #Indian bank to feature in this list is #SBI at No. 48 among the Top 50 list. Indian banking sector has a long way to contribute in helping India become 3rd largest economy on or before 2047 !!