Top 10 Banks in the World in 2021 by Revenue
Industrial and Commercial Bank of China Ltd, China Construction Bank Corp, Agricultural Bank of China Ltd, Bank of China Ltd, and JPMorgan Chase & Co are the top 5 banks in the world in 2021 by revenue. Cumulatively, the top 10 banks in the world generated revenue of $1,336,571 million, with average revenue growth of 6.1%, where the highest increase being registered by Industrial and Commercial Bank of China Ltd ($222,064 million), while the lowest increases were registered by Postal Savings Bank of China Co Ltd ($80,879 million). The highest revenue growth was registered by Credit Agricole SA (21.7%) and the lowest revenue increase was registered by Bank of America Corp (0.1%). In terms of the geographical split, 5 out of 10 of the world’s major banks are based in Asia-Pacific, while 3 are based in North America, and the other 2 are based in Europe. They employed a total of 2,715,005 people in 2021. China-based Industrial and Commercial Bank of China Ltd is the leading bank in the world (by revenue). The company reported revenues of $222,064 million for the fiscal year ended December 2021 (FY2021), an increase of 6.4% over FY2020 was driven by the launch of free public welfare platforms such as “Emergency Materials Management System” & “Campus Anti-pandemic Registration System” and high-quality development requirements, they advanced reform, innovation, and transformation in depth. The company is a provider of a range of personal and commercial banking, wealth management, and treasury management services. Its portfolio of offerings comprises personal and corporate deposits, personal and corporate loans, debit and credit cards, and investment funds. The company employs 425,000 people in FY2021. China Construction Bank Corp is one of the leading banks in the world (by revenue). The company reported revenues of $200,447 million for the fiscal year ended December 2021 (FY2021), an increase of 8.9% over FY2020. The company is a provider of a range of commercial and personal banking, wealth management, and treasury management solutions. The bank offers treasury services such as foreign exchange services, precious metals, treasury, and savings bonds, which employ 347,319 people.