There are numerous top banks in the world. At the moment, Chinese banks mostly dominate the world’s banking system. The strength of these financial institutions is mostly determined by their revenue, net income, and market cap. In no particular order, below are some of the top 100 banks in the world 2023.

Strongest Banks in the World

Industrial and Commercial Bank of China Limited

Like most Chinese banks, the Industrial and Commercial Bank of China Limited is owned by the Chinese Government. This bank is considered the largest with regard to total assets. It has yearly average revenue and net income of about $120 billion and $45 billion, respectively. The primary function of this financial institution to its customers includes money management, loans, credit cards, and provision of liquidity to businesses.

Japan Post Holdings

Japan Post Holdings is a financial institution that offers clients more than just banking services. As such, it also provides traditional banking services as well as logistics and life insurance services. It is also heavily involved in post management and delivery. Overall, Japan Post Holdings has an average revenue and net income of $100 billion and $4 billion, respectively.

JPMorgan Chase & Co

Amongst all the strongest banks in the world, JPMorgan Chase & Co can probably be considered the most popular. In general, this bank operates as a conventional financial institution. It offers its customers traditional banking services, which include wealth management, asset management, loans, consumer banking, and investment handling. In addition, this bank has average revenue and net income of $110 billion and $36 billion, respectively.

China Construction Bank Corporation

The China Construction Bank is the second strongest bank in China and among the top banking firms in the world. Also, it is another state-owned financial institution. In general, this bank offers loans, credit lines, mobile banking, wealth management, and more for individuals and corporations.

Agricultural Bank of China

The Agricultural Bank of China is yet another bank that is owned by the Chinese Government. This institution is designed to provide financial support and services to clients within the agricultural sector. As such, it works closely with small and large agricultural companies. This bank has an average revenue and net income of about $89 billion and $30 billion, respectively.

Bank of America

Bank of America is among the strongest financial institutions globally. It operates with an average revenue and net income that exceeds $90 billion and $26 billion, respectively. Like most banks, Bank of America offers individuals and corporations access to banking services. It provides savings accounts, checking accounts, and wealth management, to name a few. It also has several offices and subsidiaries all around the world. Similarly, it has a controlling share in several financial institutions within America and North America.

Credit Agricole SA

Credit Agricole SA can be considered the strongest bank in Europe. It has an average revenue and net income of $83 billion and $5 billion, respectively. Unlike many European banks, Credit Agricole SA primarily serves customers in the agricultural sector.

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