The value of money varies from country to country, and the banks’ total assets do too. Banks around the world are ranked according to their total number of current employees here. With respect to total number of employees, the following financial institutions rank among the best in the world. The largest banks in terms of staff size are listed below.
1. Agricultural Bank of China
The Agricultural Bank of China, a Public Finance Company, is the world’s largest bank by a total number of employees. It was founded in 1951 and has its headquarters in Beijing, China. This bank has 441,144 employees and approximately 24,000 locations.
2. Industrial and Commercial Bank of China Ltd. (ICBC)
The ICBI banks employ 394,801 individuals, making them the world’s second-largest bank in terms of the overall workforce. The total assets of this bank are 2.04 trillion dollars, and its net income is 24.39 billion dollars. The ICBC bank was established in 1984 and is headquartered in Beijing, China. This bank provides services all over the world, with over 18,000 locations and 106 overseas branches. It is also the most lucrative and well-capitalized bank in the world.
3. Bank of China
This bank headquartered in Beijing, China, is the world’s third-largest in terms of total employees. It was founded in 1912, making it China’s oldest bank. With total assets of 1.723 trillion dollars, the Bank of China employs 389,827 employees in China and overseas. This bank, which is ranked #1 among the world’s most profitable banks, is owned by the People’s Republic of China.
4. China Construction Bank
This is the world’s fourth-largest bank, and it was founded in 1954 in Beijing, China. With a profit of 19.92 billion dollars, it is also one of the most profitable banks in the world. With a total asset of 1.64 trillion dollars, China Construction Bank employs 311,222 individuals in China and throughout the world. In key cities throughout the world, this bank has 13,629 domestic and foreign branches. China Construction Bank is the world’s second-largest bank by market value.
5. HSBC Holding plc
HSBC, headquartered in London, United Kingdom, was founded in 1991 and now has 7,500 offices in 87 countries and territories. With a total asset base of 2.54 trillion dollars and a profit of 13 billion dollars, HSBC employed 295,995 employees worldwide.
6. Bank of America
Bank of America Corporation is a public banking and financial company located in North Carolina, United States of America, that was formed in 1998. It has 57 million customers globally, 5,900 banking locations, and over 18,000 ATMs. Bank of America employs 288,000 people globally and has total assets of $2.26 trillion USD.
7. Wells Fargo
Wells Fargo & Corporation is a public banking and financial services business founded in 1852 in San Francisco, California. It has about 9,000 outlets, 12500 ATMs, and more than 70 million customers. With earnings of more than $12 billion in 2010, it is one of the largest banks in the United States. Wells Fargo & Company was founded on March 18, 1852, and is one of the country’s oldest companies. It employs 270,000 employees all around the world as of 2010.
8. JPMorgan Chase & Co.
With a profit of $17 billion, it is one of the largest in the United States, and its offices are located at 270 Park Avenue, Midtown, Manhattan, New York City. It was founded in 2000. It employs 260,095 people worldwide and is worth $2.28 trillion dollars. JPMorgan Chase & Co. is one of the largest publicly listed companies in the world.
Citi Bank was formed in 1812 and is a public banking and financial services corporation located in New York, New York. It has a global workforce of 260,000 workers and serves 200 million customers in more than 140 countries. This bank has $1.91 trillion in total assets and $10.91 billion in net income.
10. State Bank of India (SBI)
This is India’s largest bank; it is a government-owned corporation that provides banking and financial services to the general population. It is located in Mumbai, India, and was founded in 1955. It employs approximately 222,933 people globally and has 13,000 shops, 150 of which are international. SBI is one of the most well-known businesses in the world, according to Forbes Magazine.