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World’s Largest Banking Companies by Assets

Published November 12, 2004, 10:08 a.m. EST
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Updated January 02, 1970, 9:08 a.m. EST
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World’s Largest Banking Companies by Assets

World’s Largest Banking Companies by Assets
As of Dec. 31, 2003, or latest fiscal year. Dollars in millions
Published November 12, 2004
    2003 Year earlier Change
1 Mizuho Financial Group Tokyo $1,286,782 $1,252,057 2.77%
2 Citigroup Inc. New York 1,264,032 1,097,190 15.21
3 Allianz AG Munich 1,127,655 851,237 32.47
4 UBS AG Zurich 1,115,904 853,232 30.79
5 HSBC Holdings PLC London 1,031,287 757,657 36.12
6 Deutsche Bank AG Frankfurt 1,006,306 792,495 26.98
7 Credit Agricole1 Paris 988,659 531,003 86.19
8 BNP Paribas Paris 983,826 745,094 32.04
9 ING Group NV Amsterdam 979,585 752,489 30.18
10 Sumitomo Mitsui Financial Group Tokyo 868,430 872,962 -0.52
11 Mitsubishi Tokyo Financial Group 827,481 741,402 11.61
12 Royal Bank of Scotland Group PLC Edinburgh 812,989 663,448 22.54
13 Barclays PLC, London 791,537 648,973 21.97
14 J.P. Morgan Chase and Co. New York 770,912 758,800 1.6
15 Credit Suisse Group Zurich 769,857 683,437 12.65
16 Bank of America Corp. Charlotte 736,445 660,458 11.51
17 Hbos PLC Edinburgh 729,280 571,761 27.55
18 ABN Amro Amsterdam 704,951 582,453 21.03
19 Societe Generale Paris 678,360 526,539 28.83
20 UFJ Holdings Osaka 665,673 589,710 12.88
21 Fortis Bank Brussels 657,045 609,975 7.72
22 Morgan Stanley New York 602,843 529,499 13.85
23 Bayerische Hypo-Und-Vereinsbanken AG Munich 590,417 705,356 -16.3
24 AXA Paris 554,394 456,134 21.54
25 Norinchukin Bank Tokyo 516,573 432,758 19.37
26 Rabobank Group Utrecht, Netherlands 506,430 357,523 41.65
27 Merrill Lynch New York 494,518 449,601 9.99
28 Commerzbank Frankfurt 472,725 437,860 7.96
29 Lloyds TSB Group PLC London 450,020 406,990 10.57
30 Banco Santander Central Hispano Madrid 442,490 335,116 32.04
31 Dexia Brussels 441,987 368,374 19.98
32 Wachovia Corp. Charlotte 401,032 341,839 17.32
33 Wells Fargo and Co. San Francisco 387,798 349,259 11.03
34 Banco Bilbao Vizcaua Argentaria Spain 362,655 293,144 23.71
35 Resona Holdings Inc. Osaka 358,441 332,223 7.89
36 Nordea Bank AB Stockholm 330,027 262,205 25.87
37 Banca Intesa Milan 328,637 294,393 11.63
38 Bank One Corp.2 Chicago 326,563 277,383 17.73
39 Almanik NV Antwerp, Belgium 326,016 317,416 2.71
40 West LB Dusseldorf 321,766 333,515 -3.52
41 Abbey National PLC London 315,669 331,205 -4.69
42 Royal Bank of Canada Toronto 305,011 241,308 26.4
43 Eurohypo AG Frankfurt 285,320 286,887 -0.55
44 KBC Bank Brussels 284,904 232,519 22.53
45 Danske Bank SA Copenhagen 277,890 230,781 20.41
46 Washington Mutual Inc. Seattle 275,178 268,298 2.56
47 National Australia Bank Ltd. Melbourne 269,938 204,178 32.21
48 San Paolo IMI Turin, Italy 254,200 212,158 19.82
49 Nord/LB Hanover, Germany 242,479 247,242 -1.93
50 Shinkin Central Bank Tokyo 227,893 186,536 22.17
51 Depfa Bank PLC Dublin 218,819 153,201 42.83
52 Bank of Nova Scotia Halifax, Canada 216,005 189,720 13.85
53 Canadian Imperial Bank of Commerce Toronto 209,001 174,269 19.93
54 Toronto-Dominion Bank 207,086 177,477 16.68
55 Fleetboston Financial Corp.3 200,356 190,589 5.12
56 Credit Industriel et Commerial de Paris 195,679 204,409 -4.27
57 Bank of Montreal 194,350 162,231 19.8
58 Bankingesellschaft Berlin Group 192,481 219,501 -12.31
59 U.S. Bancorp Minneapolis 189,286 180,027 5.14
60 Commonwealth of Australia Sydney 178,291 140,295 27.08
61 Skandinaviska Ensklda Banken Stockholm 176,739 171,450 3.08
62 Svenska Handelsbanken Stockholm 175,090 147,157 18.98
63 American Express Co. New York 175,000 157,253 11.29
64 Natexis Banque Populaire Paris 170,954 140,126 22
65 Erste Bank Vienna 161,452 152,218 6.07
66 Capitalia Spa Rome 161,448 146,674 10.07
67 Kookmin Bank Seoul 156,610 144,578 8.32
68 Westpac Banking Corp. Sydney 150,082 103,393 45.16
69 HSH Nordbank4 Hamburg 147,253 NA NA
70 BHW Holding AG Hamlin, Germany 144,574 142,489 1.46
71 Nykredit Group Copenhagen 139,772 103,721 34.76
72 Foreningssparbanken AB Stockholm 139,234 110,264 26.27
73 Australia and New Zealand Banking Group Melbourne 132,443 98,745 34.13
74 SunTrust Banks Inc. Atlanta 125,393 117,323 6.88
75 Standard Chartered PLC London 120,011 112,774 6.42
76 National City Corp. Cleveland 113,933 118,258 -3.66
77 Shoko Chukin Bank Tokyo 115,070 102,594 12.16
78 DNB Holding ASA5 Oslo 105,781 55,513 90.55
79 State Bank of India Ltd. Bombay 104,795 92,041 13.86
80 Mitsui Trust Holdings Inc. Tokyo 102,627 97,759 4.98
81 Old Mutual PLC London 101,943 78,519 29.83
82 Allied Irish Banks PLC Dublin 101,617 89,945 12.98
83 BOC Hong Kong Holdings Ltd. 98,221 94,297 4.16
84 Countrywide Financial Corp. Calabasas, Calif. 97,950 58,031 68.79
85 Bank of Ireland Dublin 97,461 76,110 28.05
86 DBS Group Holdings Ltd. Singapore 93,914 86,023 9.17
87 Bank of New York 92,397 77,564 19.12
88 Fifth Third Bancorp Cincinnati 91,143 80,894 12.67
89 BB&T Corp. Winston-Salem, N.C. 90,467 80,217 12.78
90 Bank of Yokohama Ltd. Japan 89,112 79,946 11.46
91 Woori Financial Holdings Co. Seoul 88,322 75,330 17.25
92 State Street Corp. Boston 87,534 85,794 2.03
93 Alliance and Leicester PLC U.K. 86,472 66,423 30.18
94 Banco Comercial Portugues Porto 84,995 77,667 9.44
95 KeyCorp Cleveland 84,487 85,202 -0.84
96 Golden West Financial Oakland, Calif. 82,550 68,406 20.68
97 Standard Bank Group Corp. Johannesburg 80,728 45,449 77.62
98 Banco Brasil SA Plano Piloto 79,579 57,796 37.69
99 Banche Popolari Unite Bergamo, Italy 79,237 66,122 19.84
100 Banco Espanol de Credito Madrid 72,870 51,520 41.44


Note: Currency conversions based on exchange rates on Dec. 31, 2003 or at end of latest fiscal year.
1Merged in 2003 with Credit Lyonnais
2Merged in 2004 with J.P. Morgan
3Merged in 2004 with Bank of America
4created in 2003 with the merger of Hamburgische Landesbank, Landesbank Schleswig-Holstein
5DNB Nor Group was formed by the merger of DNB and Gjensidige NOR
Sources: Thomson Analytics, annual reports, and American Banker research.
© 2004 American Banker


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