Banks are the one of the most important place after the invention of currency system. Initiatal days of civilizations had a system called Barter system where things were exchanged for things and later the system dint seem all that right and humans came out with some new idea of bringing a system of currency. Thus for all the transactions related to money in world, bank is a place where every transaction takes place.
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Thus given below are the top 10 best international banks of the world.
10. Banco Santander
This bank is present in Madrid, Spain.Banco Santander employs more than 185,000 people, has sales of $56 billion, market capitalization of $109 billion and total assets of $1.5 trillion, qualifying it as one of the largest banks in Europe. They have their presence all over the European continent and also all across Latin America, North America other places. They have their presence even in spain, Portugal, Germany, Italy, Belgium .It offers services in traditional commercial banking, private banking, investment banking, treasury and asset management. Thus it is in the 10th position.
9. Bank of America
This is an American bank which is headquartered in Charlotte, north Carolina. This banks has about 224,000 employees all over the world. The capitalization of this company is about $163 billion and the assets are about $2.1 trillion. They have their bank operating in all the state of America. The sale of this bank is about $97 billion. Thus this bank occupies 9th position.
This bank has employees of about 241000 . The bank is basically a American based bank and it has its sale of upto $94 billion. The head quarters of this bank is present new York city. The market capitalization of this company is about $157 billion. The amount of asset of this company is about $1.8 trillion. The bank was about to go bankrupt in the year 2008. Thus this company is in 8th position in the list.
This is one of the largest banks with employees over 258000 and the amount of sales is about $81 billion. The total assets of this company is about $2.6 trillion. The market capitalization of this bank is about $168 billion. This bank is functional over hundreds of countries. Their head quarters is present in London. Thus they are present in 7th position out of top ten.
6. Wells Fargo
Known for its banking services and mortgages this bank is currently have a sales of about $90 billion and asset of about $1.7 trillion. The bank currently employees about 264000 employees. This bank is worlds most valuable bank becaof it’s market capitalization, that is about $302 billion. Thus this bank is in top 6th position in top 10.
5. JPMorgan Chase
This bank is founded in 1799, JPMorgan Chase (NYSE: JPM ) is one of the oldest . In the year 2015 it has a $225.5 market capitalization, 241,000 employees, sales of $98 billion and total assets of $2.5 trillion. When J.P. Morgan & Company merged with the Chase Manhattan Corporation in 2000, four of the largest banking institutions in the United States were combined under the name J.P. Morgan Chase. This bank had to go through certain financial crisis during the year 2008. Thus it is in 5 th position. This is one of the few best International Banks in The World 2017.
4. Bank of China
This bank is founded by the govt of the China and it’s is best and oldest banks in the China. It was founded in the year 1912 now having more than 100 years of experience still they provide quality service. With 308,000 employees, market capitalization of $199 billion, sales of $120 billion and total assets of $2.6 trillion, the Bank of China is the smallest of the big four state-owned banks as of 2015. The Bank of China made news in 2015 by opening two global commodity centers in Singapore, making it the first Chinese bank to establish such facilities outside of China. Thus it becomes number 4th top international bank in the world.
3. Agricultural Bank of China
This another best bank in the world. It is one of the biggest public banks and it’s has its record in IPO of about $22.1 billion. The Agricultural Bank of China is based in Beijing, and as of 2015, it has 494,000 employees, $129 billion in sales, $190 billion market capitalization and total assets of $2.8 trillion. Thus this bank becomes one of the best banks in the world. They come in the third position in the list.
2. China Construction Bank
This bank is China’s second largest banks with over employees about 372000. This bank has about 15000 branches all over the world. . The bank has locations in mainland China, Hong Kong, Singapore, Germany, South Africa, Japan, Vietnam, South Korea and New York City. As of 2015, it has sales of $130 billion, total assets of $2.9 trillion and a market capitalization of $213 billion. Founded in 1954, China Construction Bank has had its share of controversy. But then beneath all those controversies it still stands in second position in the world.
1. Industrial & Commercial Bank of China
The bank was founded in the year 1984 but now it’s in the number one position all over the world. The bank is a state owned commercial bank and biggest bank in China. This bank employs about 460000 employees all over the world. It has about sales of some $167 billion. The assets of this company is about $3.6 trillion and market capitalization of about $278 billion. Thus it becomes number one in the list.
Thus this is the list of top ten international banks in the world. So all of you who want to go and get a service from these bank can surely go to the nearest branch of the banks.