World’s Biggest Banks

Japanese banks continue to dominate the rankings of the world’s biggest institutions. But European banks, especially French ones, gained ground as some Japanese banks slimmed down because of a soft domestic economy. Although several major U.S. banks--including BankAmerica, NationsBank and Chemical Banking--have grown substantially because of mergers, only one, New York’s Citicorp, is among the world’s top 25 banks.

Assets Rank Bank Headquarters (billions) 1 Dai-Ichi Kangyo Bank Ltd. Tokyo $446.2 2 Sumitomo Bank Ltd. Osaka, Japan $427.6 3 Sakura Bank Ltd.* Tokyo $420.8 4 Fuji Bank Ltd. Tokyo $419.4 5 Sanwa Bank Ltd. Osaka, Japan $412.2 6 Mitsubishi Bank Ltd. Tokyo $391.6 7 Norinchukin Bank Tokyo $307.3 8 Credit Agricole Mutuel Paris $307.1 9 Credit Lyonnais Paris $306.3 10 Industrial Bank of Japan Ltd. Tokyo $302.8 11 Deutsche Bank Frankfurt $295.6 12 Banque Nationale de Paris Paris $275.8 13 Barclays London $258.1 14 Tokai Bank Ltd. Nagoya, Japan $252.5 15 Mitsubishi Trust & Banking Tokyo $247.5 16 ABN AMRO Bank N.V. Amsterdam $242.8 17 Sumitomo Trust & Banking Osaka, Japan $235.4 18 National Westminster Bank London $229.1 19 Mitsui Trust & Banking Co. Tokyo $226.1 20 Societe Generale Paris $223.8 21 Long-Term Credit Bank of Japan Ltd. Tokyo $221.3 22 Bank of Tokyo Ltd. Tokyo $218.8 23 Citicorp New York $215.4 24 Kyowa Saitama Bank Ltd. Tokyo $212.6 25 Compagnie Financiere de Paribas Paris $199.8

*Formerly Mitsui Taiyo Kobe Bank Ltd.

Source: American Banker