SNL Financial Ranks the Largest 100 Banks in the World
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SNL Financial has released its bi-annual ranking of the world's largest banks by total assets, finding that European banks are losing some of their dominance in global asset size rankings as they shrink their balance sheets in the wake of the financial crises of the last six years.
According to the report, the largest five banks on the globe, based on their own accounting treatments of total assets, are now:
Crédit Agricole's assets have fallen from
Three banks have newly entered the top 100, replacing the two European banks that exited the rankings and
A company's accounting treatment can have a significant effect on its world rank. The largest four banks report total assets under the IFRS accounting principle, which requires companies to include the gross amount of derivative assets on their balance sheets. Meanwhile, banks that report under U.S. GAAP report the net amount of derivative assets.
Methodology: Some companies classified by SNL as "banks" or "savings banks/thrifts/mutuals" were not included in the ranking due to the nature of their business models. The excluded companies were
About SNL Financial
SNL Financial is a leading provider of financial information on more than 6,500 public companies and 50,000 private companies in business sectors critical to the global economy: Banking, Financial Services, Insurance, Real Estate,
For businesses and organizations interested in additional information or to receive a free trial of SNL's global banking product, please email sales(at)snl(dot)com, or phone +44 (0)20 7398 0873 (
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