World's Largest Banking Companies by Assets

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World's Largest Banking Companies by Assets

World's Largest Banking Companies by Assets
As of Dec. 31, 2004, or latest fiscal year. Dollars in millions.
Published September 29, 2005
Rank   2004 2003 Change
1 UBS AG Zurich $1,533,036 $1,370,034 11.90%
2 Citigroup Inc. New York 1,484,101 1,264,032 17.41
3 Allianz AG Munich 1,357,166 1,127,655 20.35
4 ING Group NV Amsterdam 1,357,166 979,585 38.55
5 Mizuho Financial Group Tokyo 1,295,942 1,264,030 2.52
6 HSBC Holdings PLC London 1,276,778 1,120,717 13.93
7 Credit Agricole Paris 1,243,047 988,659 25.73
8 BNP Paribas Paris 1,233,912 983,826 25.42
9 JPMorgan Chase & Co. New York 1,157,248 770,912 50.11
10 Deutsche Bank AG Frankfurt 1,144,195 1,006,306 13.7
11 Royal Bank of Scotland Group PLC Edinburgh 1,119,480 812,989 37.7
12 Bank of America Corp. Charlotte 1,110,457 736,445 50.79
13 Barclays PLC London 992,103 791,537 25.34
14 Mitsubishi Tokyo Financial Group 980,285 827,481 18.47
15 Credit Suisse Group Zurich 962,953 887,668 8.48
16 Sumitomo Mitsui Financial Group Tokyo 896,909 868,430 3.28
17 ABN Amro Amsterdam 828,961 704,951 17.59
18 Societe Generale Paris 818,699 678,360 20.69
19 Santander Central Hispano SA*Spain 783,707 479,984 63.28
20 Morgan Stanley New York 775,410 602,843 28.63
21 Hbos PLC Edinburgh 759,594 729,280 4.16
22 Bayerische Hypo-und-Vereinsbanken AG Munich 753,700 590,417 27.66
23 Groupe Caisse d’Epargne Paris 740,821 522,598 41.76
24 UFJ Holdings Osaka 730,394 665,673 9.72
25 Dresdner Bank Frankfurt 713,688 655,874 8.81
26 Fortis Bank Brussels 659,437 657,045 0.36
27 Rabobank Group Utrecht, Netherlands 648,211 550,269 17.8
28 Merrill Lynch New York 648,059 494,518 31.05
29 HVB Group Munich 636,622 604,230 5.36
30 Commerzbank Frankfurt 579,705 520,635 11.35
31 Norinchukin Bank Tokyo 553,720 516,573 7.19
32 Lloyds TSB Group PLC London 539,146 485,526 11.04
33 DexiaBrussels 530,039 441,987 19.92
34 Credit Mutuel Paris 527,611 448,296 17.69
35 Wachovia Corp. Charlotte 493,324 401,032 23.01
36 Axa Paris 449,223 554,394 -18.97
37 Wells Fargo & Co. San Francisco 427,849 387,798 10.33
38 Banco Bilbao Vizcaua Argentaria Spain 423,689 362,655 16.83
39 Almanik NV** Antwerp, Belgium 384,781 326,016 18.03
40 Danske Bank SA Copenhagen 380,120 277,890 36.79
41 Nordea Bank AB Stockholm 375,974 330,027 13.92
42 Banca Intesa Milan 374,010 327,082 14.35
43 Resona Holdings Inc. Osaka 368,542 358,441 2.82
44 UniCredit Milan 362,102 300,904 20.34
45 MetLife New York 356,808 326,834 9.17
46 Royal Bank of Canada Toronto 346,532 305,011 13.61
47 West LB Dusseldorf 344,955 321,766 7.21
48 Group Banques Populaires Paris 341,057 325,627 4.74
49 KBC Bank** Brussels 339,463 284,904 19.15
50 Eurohypo AG Frankfurt 309,082 285,320 8.33
51 Washington Mutual Inc. Seattle 307,918 275,178 11.90
52 San Paolo IMI Turin, Italy 287,601 254,200 13.14
53 National Australia Bank Ltd. Melbourne 282,299 269,938 4.58
54 Nord/LB Hanover, Germany 276,159 242,479 13.89
55 Depfa Bank PLC Dublin 259,806 237,358 9.46
56 Shinkin Central Bank Tokyo 259,265 227,893 13.77
57 Toronto-Dominion Bank 250,283 207,086 20.86
58 Skandinaviska Ensklda Banken Stockholm 240,577 176,739 36.12
59 Commonwealth Bank Australia Sydney 230,125 178,291 29.07
60 Canadian Imperial Bank of Commerce Toronto 224,450 209,001 7.39
61 HSH Nordbank Hamburg 222,970 147,253 51.42
62 Bank of Nova Scotia Toronto 222,926 216,005 3.2
63 Bank of Montreal 212,861 194,350 9.52
64 Commonwealth Bank Group Sydney 200,452 168,133 19.22
65 Credit Industriel et Commercial de Paris 197,087 195,679 0.72
66 U.S. Bancorp Minneapolis 195,104 189,286 3.07
67 Australia and New Zealand Banking Group Melbourne 194,306 132,443 46.71
68 American Express Co. New York 192,638 175,000 10.08
69 Svenska Handelsbanken Stockholm 187,496 175,090 7.09
70 Bankingesellschaft Berlin Group 180,881 192,481 -6.03
71 Capitalia Groupo Bancario Rome 180,852 175,166 3.25
72 Kookmin Bank Seoul 176,577 156,610 12.75
73 Banca Monte dei Paschi Siena, Italy 176,202 155,329 13.44
74 Erste Bank Vienna 175,818 161,452 8.9
75 Natexis Banque Populaire Paris 171,882 170,954 0.54
76 Nyredit Group Copenhagen 171,720 139,772 22.86
77 Westpac Banking Corp. Sydney 171,214 150,082 14.08
78 Capitalia Spa Rome 165,440 161,448 2.47
79 BHW Holding AG Hamlin, Germany 161,811 144,574 11.92
80 SunTrust Banks Inc. Atlanta 158,870 125,393 26.7
81 Foreningssparbanken AB Stockholm 154,274 139,234 10.8
82 Caixa Barcelona, Spain 154,068 146,637 5.07
83 Bank of Ireland Dublin 153,701 97,461 57.7
84 Sumitomo Trust and Banking Osaka 144,455 144,107 0.24
85 State Bank of India Ltd. Bombay 143,658 104,795 37.08
86 Shinhan Financial Group Seoul 141,880 113,825 24.65
87 National City Corp. Cleveland 139,280 113,933 22.25
88 Allied Irish Banks PLC Dublin 139,254 101,617 37.04
89 Old Mutual PLC London 131,984 101,943 29.47
90 Standard Chartered PLC London 131,890 120,011 9.9
91 Countrywide Financial Corp. Calabasas, Calif. 128,495 97,950 31.18
92 DNB Holding ASA Oslo 118,325 105,781 11.86
93 Mitsui Trust Holdings Inc. Tokyo 117,819 102,627 14.8
94 Caja de Ahorros y Monte de Pietdad Madrid 117,588 96,328 22.07
95 Shoko Chukin Bank Tokyo 115,070 119,592 -3.78
96 Standard Bank Group Corp. Johannesburg 109,339 80,728 35.44
97 DBS Group Holdings Ltd. Singapore 107,451 93,914 14.41
98 Golden West Financial Oakland, Calif. 106,816 82,550 29.4
99 Woori Financial Holdings Co. Seoul 104,830 102,696 2.08
100 BOC Hong Kong Holdings Ltd. 102,246 98,092 4.23

Note: Currency conversions based on exchange rates on Dec. 31, 2004, or at end of of latest fiscal year.

*Abbey National was acquired by Banco Santander on Nov. 12, 2004.

**Almanik NV and KBC merged March 5, 2005, to form KBC group.

Sources: Thomson Analytics, annual reports, and American Banker research.

© 2005 American Banker