MERGER MANIA V
BY
S.SRINIVASAN
PRESIDENT
NATIONAL UNION OF BANK EMPLOYEES
(NUBE)
No Amount of Consolidation Will Give Indian Banks A Global Size
If we look at the world's 10 largest banks, the comparison becomes even more glaring. Last year, Citigroup's, the world's biggest banking conglomerate, Tier I capital was $74 billion. Its asset base was $1,484 billion.
Each of the banks in the global top 10 list - JP Morgan Chase & Co, HSBC Holding, Bank of America, Credit Agricole, Royal Bank of Scotland, Mitsubishi Tokyo, HBOS and BNP Paribas - has a higher capital and asset base than the entire Indian banking industry.
Last year, BNP Paribas, which has the lowest capital base among the global top 10, had a Tier I capital of $35.7 billion, marginally higher than the Indian banking industry's collective Tier I capital of $35.28 billion. Similarly, HBOS, which has the lowest asset base among the global top 10 banks, is almost one-and-half times bigger than the total assets of the Indian banking industry. But this also means that no amount of consolidation will give Indian banks a global size in the foreseeable future.
World's Largest Banks 2012
The list below shows the largest banks in the world based on market capitalization as of January 20, 2012. Industrial & Commercial Bank of China (ICBC) is the largest bank in the world by market capitalization value. Chinese banks occupy the top positions. The People’s Republic now has 4 of the top 7 banks, including the top 2.
Rank
| Bank |
Country
|
Market cap ($b, 20/1/2012)
|
| Industrial & Commercial Bank of China (ICBC) |
China
|
240.95
| |
| China Construction Bank |
China
|
195.85
| |
| Wells Fargo & Co |
US
|
160.72
| |
| HSBC Holdings |
UK
|
150.90
| |
| Agricultural Bank of China |
China
|
141.73
| |
| JP Morgan Chase |
US
|
140.95
| |
| Bank of China |
China
|
128.80
| |
| Itau Unibanco |
Brazil
|
88.17
| |
| Citigroup |
US
|
86.67
| |
| Commonwealth |
Australia
|
82.62
| |
| Royal Bank Canada |
Canada
|
76.56
| |
| Bank of America |
US
|
71.77
| |
| Toronto-Dominion Bank |
Canada
|
70.53
| |
| Banco Santander |
Spain
|
67.32
| |
| Westpac |
Australia
|
65.77
| |
| Mitsubishi UFJ Financial |
Japan
|
64.25
| |
| Banco Bradesco |
Brazil
|
63.91
| |
| Sberbank of Russia |
Russia
|
59.36
| |
| ANZ Banking |
Australia
|
58.48
| |
| Bank of Nova Scotia |
Canada
|
58.16
| |
| Standard Chartered |
UK
|
57.68
| |
| National Australia Bank |
Australia
|
56.04
| |
| US Bancorp |
US
|
54.85
| |
| BNP Paribas |
France
|
54.21
| |
| Goldman Sachs Group |
US
|
53.53
| |
| UBS |
Switzerland
|
52.00
| |
| Bank of Communications |
China
|
48.11
| |
| China Merchants Bank |
China
|
45.15
| |
| Sumitomo Mitsui Financial |
Japan
|
43.62
| |
| BBVA |
Spain
|
42.98
| |
| Banco do Brasil |
Brazil
|
42.19
| |
| Barclays |
UK
|
42.07
| |
| Deutsche Bank |
Germany
|
39.17
| |
| Bank of Montreal |
Canada
|
37.93
| |
| Mizuho Financial Group |
Japan
|
35.82
| |
| Morgan Stanley |
US
|
35.49
| |
| Banco Santander (Brasil) |
Brazil
|
34.97
| |
| Lloyds Banking Group |
UK
|
34.76
| |
| Nordea Bank |
Sweden
|
33.57
| |
| China Citic Bank |
China
|
31.40
| |
| PNC Financial Services |
US
|
31.37
| |
| Credit Suisse Group |
Switzerland
|
31.29
| |
| Canadian Imperial Bank of Commerce (CIBC) |
Canada
|
30.76
| |
| Intesa Sanpaolo |
Italy
|
29.00
| |
| BOC Hong Kong |
Hong Kong
|
28.13
| |
| Shanghai Pudong Development Bank |
China
|
27.76
| |
| Bank of New York Mellon |
US
|
25.80
| |
| Royal Bank of Scotland |
UK
|
25.17
| |
| Hang Seng Bank |
Hong Kong
|
24.49
| |
| State Bank of India |
India
|
24.48
|
Top Banks in the World in terms of total assets
Below is a list of the largest banks in the world as of December 31, 2011. The top 10 banks have about $24.7 trillion in combined assets. Two of the Top 5 largest banks are Japanese institutions. Deutsche Bank is currently the largest bank in the world in terms of total assets. The Bank employs over 100,000 people and serves over 20 million customers through a network of about 3,100 branches worldwide. With a market share of 15.6%, Deutsche Bank is also the largest currency trader in the world. Mitsubishi UFJ Financial Group (MUFG) is the second largest bank in the world by assets. The company's main subsidiaries include: Bank of Tokyo-Mitsubishi UFJ, Mitsubishi UFJ Trust and Banking, Mitsubishi UFJ Securities and UnionBanCal Corporation. HSBC Holdings is the third largest global financial institution with about 90 million customers worldwide.
Rank
|
Bank
|
Country
|
Total Assets ($b)
|
Date
|
1
| Deutsche Bank | Germany |
2,802.71
| 31/12/2011 |
2
| Mitsubishi UFJ Financial Group | Japan |
2,741.52
| 31/12/2011 |
3
| HSBC Holdings | UK |
2,555.58
| 31/12/2011 |
4
| BNP Paribas | France |
2,545.34
| 31/12/2011 |
5
| Japan Post Bank | Japan |
2,542.77
| 31/12/2011 |
6
| Industrial & Commercial Bank of China | China |
2,455.59
| 31/12/2011 |
7
| Crédit Agricole Group | France |
2,434.24
| 31/12/2011 |
8
| Barclays PLC | UK |
2,430.74
| 31/12/2011 |
9
| Royal Bank of Scotland Group | UK |
2,342.66
| 31/12/2011 |
10
| JPMorgan Chase & Co. | USA |
2,265.79
| 31/12/2011 |
11
| Bank of America | USA |
2,129.05
| 31/12/2011 |
12
| Mizuho Financial Group | Japan |
2,098.18
| 31/12/2011 |
13
| China Construction Bank | China |
1,948.66
| 31/12/2011 |
14
| Bank of China | China |
1,876.98
| 31/12/2011 |
15
| Citigroup Inc | USA |
1,874.91
| 31/12/2011 |
16
| Agricultural Bank of China | China |
1,852.79
| 31/12/2011 |
17
| Sumitomo Mitsui Financial Group | Japan |
1,805.09
| 31/12/2011 |
18
| ING Group | Netherlands |
1,656.74
| 31/12/2011 |
19
| Santander Group | Spain |
1,620.92
| 31/12/2011 |
20
| Societe Generale | France |
1,530.09
| 31/12/2011 |
21
| UBS | Switzerland |
1,510.95
| 31/12/2011 |
22
| Lloyds Banking Group | UK |
1,508.86
| 31/12/2011 |
23
| Groupe BPCE | France |
1,473.88
| 31/12/2011 |
24
| Wells Fargo | USA |
1,313.87
| 31/12/2011 |
25
| UniCredit S.p.A. | Italy |
1,200.31
| 31/12/2011 |
26
| Credit Suisse Group | Switzerland |
1,117.02
| 31/12/2011 |
27
| China Development Bank | China |
992.002
| 31/12/2011 |
28
| Rabobank Group | Netherlands |
947.618
| 31/12/2011 |
29
| Norinchukin Bank | Japan |
927.620
| 31/12/2011 |
30
| Nordea | Sweden |
927.588
| 31/12/2011 |
31
| Goldman Sachs Group | USA |
923.225
| 31/12/2011 |
32
| Commerzbank | Germany |
857.132
| 31/12/2011 |
33
| Intesa Sanpaolo | Italy |
827.889
| 31/12/2011 |
34
| BBVA | Spain |
774.097
| 31/12/2011 |
35
| National Australia Bank | Australia |
772.699
| 31/12/2011 |
36
| Royal Bank of Canada | Canada |
735.665
| 31/10/2011 |
37
| Bank of Communications | China |
731.618
| 31/12/2011 |
38
| Commonwealth Bank of Australia | Australia |
716.693
| 31/12/2011 |
39
| Toronto-Dominion Bank | Canada |
671.717
| 31/10/2011 |
40
| Westpac Banking Corporation | Australia |
667.632
| 31/12/2011 |
41
| Natixis | France |
657.564
| 31/12/2011 |
42
| KfW | Germany |
640.841
| 31/12/2011 |
43
| Standard Chartered | UK |
599.070
| 31/12/2011 |
44
| Danske Bank Group | Denmark |
596.785
| 31/12/2011 |
45
| Bank of Nova Scotia | Canada |
562.983
| 31/10/2011 |
Note: The exchange rate on December 30, 2011, has been used for translation.
Top Banks in the World, Q2 2011
The following are the largest and best banks in the world in terms of total assets. The top 10 banks have over $24.4 trillion in combined assets and top 50 banks – about $67 trillion. Three of the Top 7 largest banks are UK institutions. For the third year in a row, BNP Paribas is the largest bank in the world. In 2008, it was the fourth after Royal Bank of Scotland, Barclays and Deutsche Bank. BNP Paribas's four domestic markets are France, Italy, Belgium and Luxembourg. The Bank operates in more than 80 countries and employs over 205,000 people.
Rank
|
Bank
|
Country
|
Total Assets ($b)
|
Date
|
1
| BNP Paribas | France |
2,792.10
| 30/06/2011 |
2
| HSBC Holdings | UK |
2,690.90
| 30/06/2011 |
3
| Deutsche Bank | Germany |
2,681.30
| 30/06/2011 |
4
| Mitsubishi UFJ Financial Group | Japan |
2,479.50
| 30/03/2011 |
5
| Barclays PLC | UK |
2,395.30
| 30/06/2011 |
6
| Japan Post Bank | Japan |
2,325.77
| 30/03/2011 |
7
| Royal Bank of Scotland Group | UK |
2,319.90
| 30/06/2011 |
8
| Industrial & Commercial Bank of China | China |
2,304.40
| 30/06/2011 |
9
| Bank of America | US |
2,264.40
| 30/06/2011 |
10
| JPMorgan Chase & Co. | US |
2,246.80
| 30/06/2011 |
11
| Credit Agricole SA | France |
2,236.80
| 30/03/2011 |
12
| Citigroup | US |
1,956.60
| 30/06/2011 |
13
| Mizuho Financial Group | Japan |
1,942.60
| 30/06/2011 |
14
| China Construction Bank | China |
1,818.40
| 30/06/2011 |
15
| ING Group | Netherlands |
1,798.60
| 30/06/2011 |
16
| Banco Santander | Spain |
1,785.80
| 30/06/2011 |
17
| Bank of China | China |
1,776.47
| 30/06/2011 |
18
| Agricultural Bank of China | China |
1,773.11
| 30/06/2011 |
19
| Sumitomo Mitsui Financial Group | Japan |
1,652.82
| 30/06/2011 |
20
| Societe Generale | France |
1,590.72
| 30/06/2011 |
21
| Lloyds Banking Group | UK |
1,570.59
| 30/06/2011 |
22
| Groupe BPCE | France |
1,532.53
| 30/06/2011 |
23
| UBS | Switzerland |
1,469.46
| 30/06/2011 |
24
| UniCredit S.p.A. | Italy |
1,331.88
| 30/06/2011 |
25
| Wells Fargo | US |
1,259.73
| 30/06/2011 |
26
| Credit Suisse Group | Switzerland |
1,160.72
| 30/06/2011 |
27
| Commerzbank | Germany |
991.085
| 30/06/2011 |
28
| Rabobank Group | Netherlands |
963.910
| 30/06/2011 |
29
| Intesa Sanpaolo | Italy |
934.576
| 30/06/2011 |
30
| Nordea Bank | Sweden |
859.851
| 30/06/2011 |
31
| Norinchukin Bank | Japan |
839.80
| 31/03/2011 |
32
| Morgan Stanley | US |
830.747
| 30/06/2011 |
33
| BBVA (Banco Bilbao Vizcaya Argentaria) | Spain |
824.389
| 30/06/2011 |
34
| China Development Bank | China |
775.20
| 31/12/2010 |
35
| Royal Bank of Canada | Canada |
765.396
| 31/07/2011 |
36
| Dexia | Belgium |
750.521
| 30/06/2011 |
37
| National Australia Bank | Australia |
708.360
| 31/03/2011 |
38
| Toronto-Dominion Bank (TD Bank Group) | Canada |
696.503
| 31/07/2011 |
39
| Natixis | France |
656.665
| 30/06/2011 |
40
| CM10-CIC Group | France |
688.158
| 30/06/2011 |
41
| Bank of Communications | China |
672.583
| 30/06/2011 |
42
| Westpac | Australia |
647.538
| 30/09/2011 |
43
| KfW Bankengruppe | Germany |
646.807
| 30/06/2011 |
44
| Commonwealth Bank of Australia | Australia |
645.288
| 30/06/2011 |
45
| Danske Bank | Denmark |
607.573
| 30/06/2011 |
46
| Bank of Nova Scotia | Canada |
594.750
| 31/07/2011 |
47
| ANZ Banking Group | Australia |
574.362
| 30/09/2011 |
48
| Banque Federative du Credit Mutuel (BCFM) | France |
566.252
| 30/06/2011 |
49
| DZ Bank Group | Germany |
555.695
| 30/06/2011 |
50
| Standard Chartered | UK |
516.540
| 31/12/2010 |
51
| Landesbank Baden-Wuerttemberg (LBBW) | Germany |
514.315
| 30/06/2011 |
52
| Bank of Montreal | Canada |
477.471
| 31/10/2011 |
53
| KBC Group | Belgium |
453.575
| 30/06/2011 |
54
| Nomura Holdings | Japan |
443.366
| 31/03/2011 |
55
| Banco Bradesco | Brazil |
437.892
| 30/06/2011 |
56
| Bayerische Landesbank | Germany |
431.107
| 30/06/2011 |
57
| China Merchants Bank | China |
408.898
| 30/06/2011 |
Top 100 largest banks in the World, measured by total assets at the end of 2008
The table below is a list of the Top 100 largest banks in the World, measured by total assets at the end of 2008. Three of the Top 5 largest banks are UK institutions. With assets of over US$3.5 trillion, Royal Bank of Scotland (RBS) is the largest bank in the World by assets and the fifth largest by market capitalization. RBS was founded in 1727 and is headquartered in Edinburgh, Scotland, United Kingdom.
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