Top 10 Banks by Assets (2009)

About two months back when I had tried compiling a list of world’s top banks by asssets(with my friend Abhishek), the task was not easy. The main reasons being that full year results of all companies were not out. Also, all the firms don’t report their numbers in dollars using a point-in-time exchange rates . However, recently Forbes had published the list of world’s top 2000 companies. So now I know who stands where without much efforts . If we go by the Forbes numbers (which I believe should be correct), the top 10 companies in the whole world when put in the order of their balance sheet size are as follows:

Rank	Company	Country	Assets ($bil)
1	Royal Bank of Scotland	United Kingdom	3491
2	Barclays	United Kingdom	2948
3	Deutsche Bank	Germany	2947
4	BNP Paribas	France	2889
5	HSBC Holdings	United Kingdom	2520
6	JPMorgan Chase	United States	2175
7	Crédit Agricole	France	2064
8	Citigroup	United States	1939
9	Mitsubishi UFJ Financial	Japan	1931
10	UBS	Switzerland	1899

No surprise these are all banks or financial institutions. Banks have a slightly different way of accounting and the public deposits form a significant part of their assets. As a matter of fact in the top 50 companies only two companies, GE (ranked 28th) and Deutsche Post (ranked 49th), are outside the financial domain.

For the complete list of 2000 companies, please visit Forbes.
Source: Forbes, Google Finance, Reuters.