For the fifth consecutive year, Asia’s five largest banks remain to be the biggest in the world in terms of total assets, the latest global bank rankings by S&P Global Market Intelligence shows.
China’s “Big Four” retained the stop spots in this year’s ranking with combined assets of $14.821 trillion as of end-2019, up 7.52% from a year ago. Japan’s Mitsubishi UFJ Financial Group Inc. rounded the top five with assets of $2.893 trillion as of Dec. 31, 2019.
Nineteen of the top 100 banks are headquartered in China and collectively reported $25.814 trillion in assets. The U.S. followed with 11 institutions and then Japan with eight.
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