Global Finance has China dominating the top of the biggest bank rankings.
While many factors contribute to fluctuations in bank balance sheets, sustained global economic expansion continues to underpin the asset growth reflected in our 2025 ranking of the world’s biggest banks. In the aggregate, these banks account for $95.5 trillion in assets, up 3% year over year. Once again, Chinese banks hold the top four spots on the list and place 15 institutions overall. The pace of expansion for this subset has been slightly higher at 4%, with assets totaling $38.4 trillion. The Chinese top four are majority state-owned policy banks, which have grown a bit faster at 5%. Their franchises typically benefit from large government stimulus measures and infrastructure spending.
In North America, the US places six institutions in our ranking, with assets growing only about 1.4% year on year. Notably, JPMorgan Chase has over $4 trillion in assets. All four Canadian banks showed balance-sheet expansion, leading to an overall increase of about 4.6%.
Among European banks, HSBC leads the pack with over $3 trillion in assets. The region holds 19 spots, with aggregate assets up about 1.7%. On a country level, France places the most, with six institutions, followed by the UK with five.
Our Asia-Pacific region winners include three Japanese banks while Australia now places two banks, with Commonwealth Bank of Australia a new entrant. State Bank of India rounds out our ranking.
