Largest banks worldwide 2020, by assets

The Industrial & Commercial Bank of China was the largest bank in the world as of February 2020, with assets amounting to approximately four trillion U.S. dollars.

Additional info: Assets

An asset is an economic resource that can take a number of different forms. An asset is anything with economic value that an individual, organization or country is able to control in the expectation that it will provide future benefit.

Tangible assets include anything that is physical, and can include vehicles, precious metals, currencies and real estate. Intangible assets are things that have no physical substance; this often makes the evaluation of their value difficult. They can include anything from goodwill to trade marks to patents.

Where banking is concerned, assets come from a broad range of areas. Bank’s assets consist of various kinds of loans and marketable securities as well as base money reserves. Their assets are also tied up in physical properties such as buildings, equipment, and furniture. Unsurprisingly the bulk of a bank’s assets are financial claims on the property or the wealth of others.

Largest banks globally as of February 2020, by assets

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Source

Release date

February 2020

Region

Worldwide

Survey time period

February 28, 2020

Supplementary notes

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