More NewsSumitomo Displaces Deutsche as World’s Biggest Bank by Asset

Sumitomo Displaces Deutsche as World's Biggest Bank by Asset

Sumitomo Mitsui Banking Corporation is the world’s biggest bank, with total assets of $905,293,000,000, while last year’s leader Deutsche Bank AG, drops to second place, according to the latest Top 3,000 world ranking figures from BANKERSalmanac.com, based on over 3,000 authorised banks in more than 200 countries, ranked by total assets in US dollars. The leap into first position following the merger in April 2001 of Sumitomo and Sakura banks constitutes the biggest shake-up in the Top Ten line-up. Western European banks dominate the survey. Bayerische Hypo-und Vereinsbank AG in particular has performed well and jumped four places up the world ranking table to Number 3. BNP Paribas last year’s Number Two has slid to this year’s Number Four.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha