The World’s 5 Biggest Banks In 2022

There were 292 banks on the Forbes Global 2000 list for 2022. They held collective assets worth $113 trillion—over 19% of which belong to the top five. With $22 trillion in combined assets as of April 2022, here are the world’s top five banking titans.

- CHERRY AISNE TRINIDAD

1. Industrial and Commercial Bank of China (ICBC)

Country: China

2022 Global 2000 rank: 2

Total assets: $5.5 trillion

China’s presence on Forbes Global 2000 was led by ICBC, the world’s biggest bank, which for the first time lost the top spot in the overall ranking after nine straight years of being number one. ICBC is largely controlled by the Chinese government through state-owned investment vehicle Central Huijin Investment Ltd. and China’s Ministry of Finance, which held 34.7% and 31.1% of shares, respectively, as of Q1 2022. The bank’s net profit surged 5.6% to $13.5 billion in the same period. ICBC shares plunged 9.3% this year as of July 15, when shares fell to $0.51.

2. JPMorgan Chase

Country: U.S.

2022 Global 2000 rank: 4

Total assets: $4 trillion