The market capitalization of the world's largest 500 banks has reached more than $ 7 trillion, with JPMorgan ranking on the list of listed banks, with a market capitalization of $ 421 billion, according to the site "CompaniesMarketCap", which monitors the largest companies globally in all sectors. It is followed by the Chinese bank "ICBC" with a market capitalization of $ 214 billion. In the UK, HSBC is the largest bank, with an estimated market capitalization of 157 Billion dollars.
Royal Bank of Canada comes in fourth place, with an estimated market capitalization of $132 billion, followed by India's HDFC Bank and Australia's Commonwealth Bank with $129 billion and $114 billion, respectively. Japan's Mitsubishi UFJ Finance and France's BNP Paribas are 7th and 8th, respectively. Saudi Arabia's Al Rajhi Bank, the only Arab bank in the list of the top 10 global banks by country, ranks ninth with a market capitalization of $ 77 billion, while Indonesia's Central Bank of Asia ranks tenth with an estimated market capitalization of $ 74 billion.
Source (Al-Arabiya.net Website, Edited)
