Top 50 of the biggest banks in the world

Metropol Copenhagen in September 14, 2010 — If you se the TOP10 banks there is a drop in assets for around 3.2 trillion $. The total assets of the top 50 of the biggest banks as a whole budged at $61.8 trillion. This has made some changes compared to the last year TOP 50 LIST of the biggest banks in the world. This years annual ranking of the World’s 50 Biggest Banks is measured again by total assets.

Company formations is a lot easier, credit is the hard part

The good news is that they have better numbers and can look forward to better times as well. Nearly all but a handful of the banks, at the top of the Global Finance World’s Biggest Banks list, have seen their assets fall over the past year as much as $3.2 trillion which is directly the number of which their combined balance sheet gives as a minus. Just to give an idea of the severity of the carnage at the top of the table. It also appears that the looser here are all new companies and upstarts, since most credit giving is around zero since the start of the crisis.

As a developer and finance partner Metropol International offers international financing. It is more or less the role of the banks we have been given, due to the banks extreme credit ratings. As a partner we can offer Factoring and Financing of a credit, of equipment or a total finance of every order you may have.

China is the winner of the crisis

There are some winners and these mainly comes from China. China’s banks are continuing their march up in the ranks. China now has six banks among the world’s 50 biggest banks. These 6 banks is accounted for $6.9 trillion. Notice that this is more than 10% of the assets of the top 50. China’s biggest bank, ICBC which is one of our 3 partners in China, rocketed up the league this year from number 18 to number 11.

My suggestions is that we next year in 2011 or the latest 2012 will see ICBC as a TOP 10 winner. While many Arab Banks dominate in the US as much as 10% of the total revenue of all USA together, we see that mainly the French, German and British banks is dominating the world. Many Switzerland banks has left the list during the years, as the tradition of moving to banks in other EU countries and to Delaware and Panama.

Northern Europe, Germany and Scandinavia has a strong finance sector

In our local market we have 2 partners out of 3 in the Nordic markets, which is on the list, it is Nordea A/S (SWEDEN) as number 35 and Danske Bank (DENMARK) as the number 40 of the world biggest banks. Even so the crisis is hard to almost all financial markets, the Scandinavian banks are doing well compared to rest of the list. Compared to population of Scandinavia, it is good to see two Scandinavian banks on the list.

The list and bold is formation partners

Here is the list… The banks in BOLD are our partners. We have 16 partners of 27 in total which is on the TOP50 list. By Choosing one of “our” banks we can supply you with bank accounts, online banking, credit cards for your company or privately.

The 2010 of the World’s 50 Biggest Banks
Rank
BankCountryTotal Assets ($b)Statement Date
1BNPFrance2,96412/31/09
2Royal Bank of Scotland GroupUnited Kingdom2,74712/31/09
3HSBC HoldingsUnited Kingdom2,36412/31/09
4Crédit AgricoleFrance2,24312/31/09
5BarclaysUnited Kingdom2,23312/31/09
6Bank of AmericaUnited States2,22312/31/09
7Mitsubishi UFJ Financial GroupJapan2,196*3/31/10
8Deutsche BankGermany2,16212/31/09
9JPMorgan ChaseUnited States2,03212/31/09
10CitigroupUnited States1,85712/31/09
11Industrial and Commercial Bank of China (ICBC)China1,726*12/31/09
12ING GroupNetherlands1,67612/31/09
13Lloyds Banking GroupUnited Kingdom1,66412/31/09
14Mizuho Financial GroupJapan1,6373/31/10
15Banco SantanderSpain1,60012/31/09
16Groupe BPCEFrance1,48212/31/09
17Société Générale France1,47512/31/09
18China Construction Bank ChinaChina1,409*12/31/09
19UniCreditItaly1,33812/31/09
20Agricultural Bank of ChinaChina1,301**12/31/09
20UBSSwitzerland1,30112/31/09
22Bank of ChinaChina1,281*12/31/09
23Sumitomo Mitsui Financial GroupJapan1,2813/31/10
24Wells FargoUnited States1,24412/31/09
25CommerzbankGermany1,21612/31/09
26HBOSUnited Kingdom1,16512/31/09
27Credit Suisse GroupSwitzerland1,00112/31/09
28Intesa SanpaoloItaly90012/31/09
29Rabobank GroupNetherlands87512/31/09
30Goldman SachsUnited States849*12/31/09
31DexiaBelgium83212/31/09
32Morgan StanleyUnited States772*12/31/09
33Banco Bilbao Vizcaya Argentaria (BBVA)Spain77112/31/09
34NorinchukinJapan735*12/31/09
35Nordea BankSweden73112/31/09
36China Development BankChina665*12/31/09
37Fortis BankBelgium62712/31/09
38Royal Bank of CanadaCanada60810/31/09
39Banque Féderative du Crédit Mutuel (BFCM)France60612/31/09
40Danske BankDenmark59712/31/09
41Landesbank Baden-WuerttembergGermany59312/31/09
42KfWGermany57612/31/09
43National Australia BankAustralia5769/30/09
44DZ BankGermany56012/31/09
45Commonwealth Bank of AustraliaAustralia5396/30/10
46WestpacAustralia5199/30/09
47Hypo Real Estate HoldingGermany51812/31/09
48Toronto-Dominion BankCanada51710/31/09
49Bayerische LandesbankGermany48812/31/09
50Bank of CommunicationsChina485*12/31/09

Source is Fitch Ratings except. *=Standard & Poor. **Agricultural Bank of China

Prepared in English by Steen Clausen (C) COPYRIGHT 2010 by MetropolInternational.com